Background

The Financial Reporting Centre (FRC) (Kenya's Financial Intelligence Unit) is established under section 21 of the Proceeds of Crime and Anti-Money Laundering Act, 2009.

Responsibilities

• Overseeing formulation, implementation, maintenance and review of sound financial policy, systems and procedures in compliance with the Public Finance Management (PFM) Act 2012, International Accounting Standards (IAS) and other relevant legal frameworks to enhance accountability and transparency;
• Coordinating development of FRC’s budget and continuously monitoring and evaluating its implementation;
• Coordinating the preparation of the Monthly, Quarterly and Final Annual Statement of Accounts in accordance with applicable accounting standards and procedures. Approving the chart of accounts and maintain commitment controls by monitoring and evaluating corporations’ applications and accountability;
• Providing oversight to FRC’s financial affairs and advise FRC on financial strategic planning issues and supporting strategic initiatives to ensure that adequate resources are assigned for execution of the FRC’s strategy;
• Ensuring effective and efficient management of FRC’s resources including finances and other assets and liabilities;
• Ensuring the provision of meaningful, accurate and timely financial and management accounts and reports to the Secretary/Chief Executive Officer and the Board;
• Negotiating with banks, donors, and development partners for appropriate financial support;
• Participating in the development and review of the Corporation strategic plan;
• Ensuring compliance with applicable legal and statutory requirements for financial, tax and other requirements and interpreting government accounting policy;
• Reviewing the financial plans in line with the overall strategic objectives and government performance contract;
• Overseeing the development, implementation and strengthening of internal controls for operational effectiveness;
• Coordinating and leading the annual external audit process, liaise with external auditors and management and assess changes necessary from Audit recommendations and responding to auditor’s comment concerning finances and operations and oversee required action to address deficiencies; and
• Evaluating opportunities and risks to ensure decisions are aligned with the overall financial strategy.

Qualifications

• Proficiency in computer applications;
• Bachelor’s degree in Commerce, Accounting, Finance or any other relevant qualification from a recognized institution;
• Master’s degree in Commerce, Accounting, Finance or any other relevant qualification from a recognized institution;
• Certified Public Accountant (K) or equivalent qualification from an accredited examination body;
• Leadership Course Certificate lasting not less than four (4) weeks from a recognised institution;
• Membership to Institute of Certified Public Accountants of Kenya (ICPAK) or a relevant professional body and in good standing;

• Overseeing formulation, implementation, maintenance and review of sound financial policy, systems and procedures in compliance with the Public Finance Management (PFM) Act 2012, International Accounting Standards (IAS) and other relevant legal frameworks to enhance accountability and transparency
• Coordinating development of FRC’s budget and continuously monitoring and evaluating its implementation
• Coordinating the preparation of the Monthly, Quarterly and Final Annual Statement of Accounts in accordance with applicable accounting standards and procedures. Approving the chart of accounts and maintain commitment controls by monitoring and evaluating corporations’ applications and accountability
• Providing oversight to FRC’s financial affairs and advise FRC on financial strategic planning issues and supporting strategic initiatives to ensure that adequate resources are assigned for execution of the FRC’s strategy
• Ensuring effective and efficient management of FRC’s resources including finances and other assets and liabilities
• Ensuring the provision of meaningful, accurate and timely financial and management accounts and reports to the Secretary/Chief Executive Officer and the Board
• Negotiating with banks, donors, and development partners for appropriate financial support
• Participating in the development and review of the Corporation strategic plan
• Ensuring compliance with applicable legal and statutory requirements for financial, tax and other requirements and interpreting government accounting policy
• Reviewing the financial plans in line with the overall strategic objectives and government performance contract
• Overseeing the development, implementation and strengthening of internal controls for operational effectiveness
• Coordinating and leading the annual external audit process, liaise with external auditors and management and assess changes necessary from Audit recommendations and responding to auditor’s comment concerning finances and operations and oversee required action to address deficiencies
• Evaluating opportunities and risks to ensure decisions are aligned with the overall financial strategy

• Proficiency in computer applications

• Bachelor’s degree in Commerce, Accounting, Finance or any other relevant qualification from a recognized institution
• Master’s degree in Commerce, Accounting, Finance or any other relevant qualification from a recognized institution
• Certified Public Accountant (K) or equivalent qualification from an accredited examination body
• Leadership Course Certificate lasting not less than four (4) weeks from a recognised institution
• Membership to Institute of Certified Public Accountants of Kenya (ICPAK) or a relevant professional body and in good standing