Summary
Date Posted: Saturday, February 26, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Sumac Vacancy for an Accountant
Sumac Microfinance Bank Ltd is a bank that is duly licensed and regulated by the Central Bank of Kenya, and has been on the banking scene for the past 18 years. The bank is one of the most-profitable microfinance institution in Kenya, and boasts of an asset base of about Ksh3 billion, with an active loan book and deposit from loyal clients.
Over the years, Sumac Microfinance Bank Ltd has developed a broad range of product offering which include various accounts, loan products, Forex, Trade Finance and Bancassurance. In 2018, Sumac was Awarded at the Annual Think Business Banking Awards as the 2nd Fastest Growing Microfinance Bank in Kenya.
In 2019 Sumac Microfinance Bank Ltd was recognized at the same Awards as the top Microfinance Bank in Agriculture and Livestock Financing; while in 2021, Sumac was recognized as the Most Efficient Microfinance Bank in the Country, while still toping in Agriculture and Livestock Financing. We have subsequently won other awards in various industries, and we hope to continue putting our best foot forward in the Kenyan market.
In order to continue this growth path, Sumac Microfinance Bank Ltd is keen to identify an individual who is passionate and dedicated enough to perform the roles of an Accountant. The position reports to the Finance and Administration Manager.

JOB PURPOSE STATEMENT:
The successful candidate is expected to play a critical part in helping Sumac achieve its mission of providing financial solutions that transform businesses and livelihoods and impact lives.
He or she will be responsible for maintaining accurate and timely original accounting entries and records while delivering high quality client service to internal and external customers; and will be tasked with ensuring adherence to policies and procedures in all accounting processes.

KEY RESPONSIBILITIES INCLUDE:
• Ownership of all the General Ledger accounts ensuring that they are reconciled at all times.
• Preparation of bi-monthly bank reconciliations through the core banking system.
• Maintaining fixed assets register modules through the core banking system.
• Ensuring implementation of revised finance and procurement policies.
• Ensuring implementation of other system upgrade areas affecting accounts operations and reporting.
• Ensuring accurate and timely posting of entries while ensuring data integrity into the core banking system.
• Ensuring all accounting entries are correctly matched to their budgeted cost and revenue centers.
• Ensuring all costs and revenues are accrued for in a timely manner.
• Timely payments of suppliers and customer payment requests while verifying documentation.
• Timely settlement of statutory obligations such as taxes and loan obligations.
• Filing of statutory reports to regulators by the set statutory deadlines
• Ensuring adequate cashflows at all times
• Preparation of accurate and timely Monthly and annual Accounts namely balance sheet, profit and loss statement and other reports in adherence to relevant IFRS
• Ensuring overall adherence to budget
• Proactive cost management
• Timely treasury replenishment across all branches
• Reconciles financial discrepancies by collecting and analyzing account information.
• Any other duties delegated by the supervisor from time to time

SKILLS AND COMPETENCIES:
• Good time management
• Respect for peers
• Confidentiality
• A team player
• Assertiveness and self-drive
• Honesty, reliability and dependability
• Good interpersonal skills
• Good communication skills
• Analytical skills
• Speed and accuracy
• Customer service orientation
• Ability to work under pressure and manage time efficiently
• Ability to solve complex problems and make decisions effectively

QUALIFICATIONS AND SKILLS:
• University degree in either Finance/Accounting/Banking/Economics or Business Admin.
• CPA (K) or ACCA Finalist
• A master’s Degree will be an added advantage
• 3 years working experience in a similar position in the banking industry preferably a regulated Microfinance Bank.

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
Please send us your updated curriculum vitae with a cover letter indicating your interest in joining Sumac Microfinance Bank Limited by March 6, 2022 through recruitment@sumacmicrofinancebank.co.ke .

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