Vacancy title:
Finance Analyst
Jobs at:
NMB BankDeadline of this Job:
Monday, April 07 2025
Summary
Date Posted: Tuesday, March 25 2025, Base Salary: Not Disclosed
JOB DETAILS:
Job Purpose:
Responsible for accurate recording and reporting of the Bank's transactions, budget control/monitoring, fixed asset management and ensure efficiency and effectiveness in processing payments.
Main Responsibilities:
• Control financial resources and ensure that all financial transactions, systems and procedures comply with regulations, accounting principles, and standards.
• Financial analysis and reporting, taxation, insurance, credit control, accounts payable and receivable, inventory and cost control, and budgeting and forecasting.
• Advise management on financial matters and the impact of laws and regulations on the organization.
• Work closely with Senior Finance Analyst, Managers and other departments to develop budgets and monitor the approved budgets including projects.
• Review and monitor the cost center budget and ensure monthly reports are shared with cost centre owners and arrange meetings with Business/Cost Centre owners to discuss variances noted in their report and instil cost conscious culture.
• Ensure timely payment of invoices as per the agreed Turnaround Time and ensure records are safely kept for easy reference and audit trail.
• Ensure timely resolution of queries and complaints as per the agreed Turnaround Time including Procure to Pay (P2P) queries/complaints.
• End to end management of fixed assets of the bank including timely updating the fixed asset register (FAR) with additions/capitalization/transfers/disposals, running depreciation and reconciliation of FAR with General Ledgers from the system.
• Coordinate physical verification of fixed assets across the network and timely reconciliation of verified assets and assets in the FAR to resolve any difference noted.
• Be available for any other duties related to finance and control as may be assigned from time to time by bank's management.
Knowledge and Skills:
• Understanding of financial control and management, and the application of Bank's products, policies, and procedures.
• Technical Financial management, accounting management; computer literacy (MS Excel, Power Point, ERP systems), best practices in internal controls.
• Behavioral Information Monitoring, Decision Making, Communication, Customer Focus, Facilitating Change, Managing Work.
Qualifications and Experience:
• Bachelor's degree in business studies, preferably Accountancy and Finance or related fields.
• Professional qualification (CPA, ACCA) will be an added advantage.
• At least 3 years' experience in financial accounting and internal control environment.
Work Hours: 8
Experience in Months: 36
Level of Education: Bachelor Degree
Job application procedure
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