Financial Planning & Analysis Officer

The Financial Planning & Analysis Officer will provide strong support to the Executive Manager, Finance and Investments in internal and external financial reporting, internal controls and process compliance, budgetary oversight and strategic planning.

SPECIFIC ACCOUNTABILITIES INCLUDE:

1. Oversee the month-end and year-end accounting close in conjunction with the Manager of Finance, ensuring that all accounting activities and processes required to close the books are completed.
2. Prepare month-end management accounts for the full company and cost center reporting for review, inclusive of variance analysis and explanations.
3. Communicate financial performance, variances, and potential organizational impacts.
4. Prepare year-end financial statements by IFRS, including supporting schedules and working papers for review by the relevant managers.
5. Liaise with the external auditors to ensure that the financial statement audit is scheduled and completed in a timely manner.
6. Liaise with the auditors to resolve queries and issues raised during the audit and lead the resolution of any issues raised in the auditors’ management letter.
7. Make/review/post journal entries where necessary.
8. Reconciliation of sub-ledgers and general ledger accounts.
9. Prepare annual tax returns for the Bank.
10. Assist in developing proper financial procedures and internal controls to govern all departments in the organization.
11. Collaborate with department heads and stakeholders to develop annual budgets based on the Bank’s goals and priorities.
12. Ensure that budgetary allocations are aligned with strategic objectives and operational needs.
13. Regularly monitor departmental expenditures against the approved budget.
14. Analyze financial reports and identify variances to assess the financial health of each department.
15. Conduct variance analysis to explain differences between budgeted and actual expenses.
16. Develop financial forecasts based on current performance and anticipated changes in the business environment.
17. Provide insights into potential financial risks and opportunities that may impact the budget.
18. Communicate budgetary guidelines and expectations to department managers and other relevant stakeholders.
19. Foster collaboration between departments to ensure alignment with overall organizational objectives.
20. Prepare and present regular budget reports to senior management and key stakeholders.
21.  Implement cost control measures to optimize spending and improve operational efficiency.
22. Work with department managers to identify cost-saving opportunities without compromising performance.
23. Continuously improve the accuracy of budget forecasts by refining models and incorporating lessons learned from previous budget cycles.
24. Stay informed about industry trends and economic factors impacting the budget.
25. Contribute to strategic planning by providing financial insights and recommendations.
26. Assist in product and service analysis and costing.
27. Collaborate with executives to align financial plans with the organization’s long-term goals.
28. Assist in allocating financial resources based on priority projects and initiatives.
29. Ensure that resources are distributed efficiently to support organizational objectives.

EDUCATION AND WORK EXPERIENCE

1. Bachelor’s degree in Finance, Economics, Management Studies, Business Administration or equivalent from a recognized institution.
2. Pursuing a recognised professional accounting designation (ACCA, CPA, etc) or certification would be an asset.
3. A minimum of 3 years’ experience in finance in a computerized environment.
4. Technical skills, including the ability to work with databases and Microsoft Suite, including MS Word, EXCEL, and PowerPoint.
5. Knowledge of the relevant local and international laws, regulations

COMPETENCIES INCLUDE

1. Leadership
2. Change Leadership
3. Strategic Thinking
4. Strategic Influencing
5. Building Strategic Relationships
6. Developing and Coaching Talent
7. Customer Focus
8. Results Focus
9. Self-awareness and Personal Development