Housing Finance Company of Kenya was incorporated as the premier mortgage Finance Institution in Kenya licensed under the Banking Act with the CDC and the GoK owning 60% and 40% respectively.
Housing Finance started operations with the main objective of implementing the government’s policy of promoting thrift and home ownership by lending funds advanced from First Permanent East Africa Limited (FPEA). Operations were restricted to the zoned residential areas within Nairobi and Mombasa.
Deposits of FPEA in Kenya were transferred to HFCK while the Tanzanian and Ugandan deposits were transferred to The Permanent Housing Finance Company of Tanzania and the Housing Finance Company of Uganda respectively.
Reporting To: General Manager Finance
Overall Job Purpose
The Manager – Management Accounts will ensure the Bank’s management accounts are prepared accurately and on a timely basis
Principle Accountabilities
- Preparation of Profit & Loss flash report as and when required by EXCO but at least twice a month i.e. mid-month and near month-end.
- Preparing draft accounts and Segment reports
- Preparing the complete pack of management accounts.
- Preparing branch profit and loss accounts
- Analyzing the various items against budget and previous periods
- Preparing accounts using the published format.
- Prepare annual accounts in External Auditors format.
- Preparing audit schedules
- Collecting of budget estimates from all divisions/departments, moderating the estimates to make them more realistic and consolidating them.
- Providing user support on budget matters.
- Preparing/Reviewing all the CBK statutory returns and submitting the returns electronically to CBK.
- Reviewing/preparing annual CBK inspection schedules.
- Daily reconciliation of Deposits and mortgages sub-ledger and General ledger
- Daily checking of Trial balance, suspense day-end account and any GL inconsistencies
- Providing user support on GL matters.
- Implementing internal audit recommendations
- Advising management and implementing new prudential guidelines.
- Any other duty that may be assigned from time to time
Minimum Qualifications, Knowledge and Experience
- A Bachelor’s Degree in Commerce or equivalent from a recognized institution
- Professional qualifications- CPA/ACCA.
- Working knowledge of MS Office suites
- 3 years’ experience in a busy commercial enterprise of comparable size in finance function
Key Competencies and Skills
- Ability to work independently under strict deadlines.
- Good interpersonal and communication skills.
- Excellent Analytical and accounting skills
- Demonstrated good planning and organisation skills.
- Strong leadership and management skills.
- Team player and must have integrity
- Planning and Organizational skills
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