Vacancies at SBM Bank

SBM Bank Kenya is a leading and trusted financial institution with an international footprint, headquartered in Mauritius and positioned to offer an unprecedented banking experience in Kenya to niche Retail, SME and corporate clients. Following approval by the Central Bank of Kenya, the bank started its operations in Kenya in May 2017 and currently h...

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• Contents
• Open Jobs
  1. Manager- General Ledger Controls & Revenue Assurance
  2. Accountant-Payables
  3. Senior Officer - Collections
• Method of Application

• Job TypeFull Time
• QualificationBA/BSc/HND
• Experience10 years
• LocationNairobi
• Job FieldFinance / Accounting / Audit&nbsp

Job Purpose

The job is responsible for supporting the function of balance sheet substantiation by general ledger monitoring, ledger mapping for financial reporting, IT controls around general ledger, independent ledger balance verifications and review of process in view of managing and monitoring of operational risk for finance.

Key Responsibilities

Financial Controls (80%)

• Perform balance sheet validation procedures to identify and ensure closure of noted exceptions.
• Review general ledger mismatches and ensure they are timely resolved in line with agreed closure process.
• Prepare and/or review all required journal entries and schedules required for month end/quarter-end and year- end financial closure for reliable financial reporting.
• Advice and coordinate correct accounting process flow in all newly developed products.
• Manage general ledger ownership, reconciliation and balances confirmation process at end of each month.
• Supervise journal entries to the general ledgers.
• Ensure prevention of exposures to and impact of operational risks associated with all suspense accounts.
• Drive audit socialization in the finance function and adoption of early corrective measures to ensure no ‘failed’ audits ratings
• Central point of contact for operational risks within the finance function
• Log and follow up for prompt closure all issues raised by internal/external auditors and other regulators
• Provide financial schedules to both internal and external audits to facilitate smooth conclusion of audit
• Nostro Accounts reconciliations
• Coordinate end of year closure with IT team

Revenue Assurance (10%)

• Ensure proper accounting and recovery all revenues due to the bank.
•  Finance representative on products and services costing and pricing.
• Lead revenue assurance team to ensure nil revenue leakage.
• Support and advice branches/departments in areas relating to income reversals
•  Review treasury income /amortization relating to government securities/ corporate bonds and or bank’s placements.

Team Leader (10%)

• Training & development on identified knowledge gaps.
• Coach and mentor staffs on career growth and organization culture.
• Manage subordinates’ performance and resourcing needs.
• Teams leave management.

Key Relationships

Direct Reports to this Position

2 Accountants- GL Controls

Customers to this Position

• Inter departments
• Finance
• Internal audit/ Risk & Compliance
• External auditors
• CBK

Knowledge, Skills & Experience required for this Role

• A bachelor’s degree in finance, Accounting, Economics, Mathematics or related field
• Professional qualification in CPA (K) / ACCA.
• Must be a member of ICPAK in good standing
• 10 years or more experience in banking preferably in finance. 4 years must be in a managerial position

Competencies Required for this Role

• Knowledge of banking business and operations.
• Advanced excel knowledge
• Attention to details.
• Excellent grasp of accounting standards, CBK prudential guidelines and other financial policies and procedures.
• Experience in risk management and compliance.
• Analytical thinking and questioning
• Open minded- Kaizen mentality

• Job TypeFull Time
• QualificationBA/BSc/HND
• Experience1 year
• LocationNairobi
• Job FieldFinance / Accounting / Audit&nbsp

Job Purpose:

Timely and accurately payment of suppliers and other statutory payments and general management of procure to pay process.

Key Responsibilities:

Payments (80%)

• Timely and accurately processing of suppliers and statutory payments.
• Accounting for both internal and external payments.
• Payments tracker update and review
• Review costs to explore cost saving / reduction opportunities.
• Proper accounting of taxes related to supplier payments.
• Ensure that both internal and external customer queries are attended to within time as per SLA.
• Remittance of taxes collected on behalf of customers and the bank to KRA-CBK accounts.

Other roles (20%)

• Closure of audit and risk issues
• Ensure consistency in adherence to and application of established policies, processes, procedures and tools to achieve optimal efficiency.
• Assist in Identifying losses in processes by suggesting and implementing improvements to the existing controls, procedures and systems to bolster fraud prevention
• Proper filing and archiving of documents.

Key Relationships

Customers to this Role

• Internal and External auditors
• Suppliers
• Branches and other Departments
• Kenya Revenue Authority

Job Knowledge

• Demonstrated understanding of the Bank’s policies and procedures
• High level of computer literacy and understanding of business computing environments.

Knowledge: Skills and Experience required for this Role

• Bachelor’s degree in a Business-related course from a recognized University.
• Professional qualification in CPA/ ACCA an added advanta  (Required to have started CPA/ACCA)
• Ability to prioritize and manage time efficiently.
• Good customer service skills
• Strong analytical and problem-solving skills
• One year experience in similar role

• Job TypeFull Time
• QualificationBA/BSc/HND
• Experience2 years
• LocationNairobi
• Job FieldFinance / Accounting / Audit&nbsp

Job Purpose:

Responsible for handling a specific portfolio of delinquent (1-90DPD) Term Loan and Overdraft facilities within the Corporate, Retail and SME segments of the Bank, with the objective of putting in place and adopting appropriate strategies within policy guidelines and regulation to minimize credit losses and ensure Term Loans portfolio remains profitable in line  with SBM Bank business objectives.

Key Responsibilities

Operational - 55%

• Daily monitoring of allocated portfolio of delinquent term loans and Overdrafts (1-90DPD) facilities to determine reasons for delinquency by application of sound credit judgment, collections strategy and process within pre-determined broad policy guidelines and regulation to minimize credit losses.
• Using existing Collections reports and systems available from time to time, follow up clients within own portfolio to recover arrears.
• Undertake timely collections actions through effective communication and negotiate with customers on their past due facilities while ensuring that subsequent actions on the facilities, if required, are not unduly delayed.
• Quick identification and escalation of Collections exceptions on own portfolio to reporting line that require approval or consideration of alternative recovery actions.
• Constant liaison with the business network to undertake appropriate measures on allocated Collections portfolio to offer alternative solutions for customers.
• Ensure individual performance objectives and measures are agreed with line manager.
• Efficiently maintaining an accurate diary of collections actions undertaken on own portfolio with timely follow-up of due actions.

Relationship Management - 25%

• Respond to customer complaints and queries and escalate unresolved cases for collections management review and advice.
• Application of world class customer service standards always while handling customers issues, walk in customers and customer correspondences assigned on recovery related matters.

Compliance - 20%

While the role holder is expected to apply reasonable judgment to enhance maximization of value for the bank at all times, commitment to guidelines below is  non-negotiable:

• Compliance with the SBM Bank Loss Recognition and forbearance policies
  • Compliance with Central Bank’s Prudential Guidelines and Risk Management guidelines
•  Compliance with Consumer Protection Act and Data Protection Act
• Compliance with SBM Bank’s customer service standards, values and habits.

Customers of this Position

• All Departments in the Bank

Knowledge: Skills and Experience required for this Role:

• 2 years’ experience in a debt recovery function
• University degree in a Business-related field from a recognized institution.
• Excellent Communication and Negotiation skills

Competencies required for this Role

• Analytical and numerical skills
• Communication skills (written and verbal)
• Inter-personal skills
• Negotiation and Influencing skills
• Spreadsheets/Database Skills
• Planning and personal organization
• Operational excellence
• Service excellence
• Problem solving skills
• Customer handing techniques

Method of Application

Use the link(s) below to apply on company website.