Equity Bank Limited (The “Bank”) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The address of the Bank’s registered office is 9th Floor, Equity Centre, P.O. Box 75104 – 00200 Nairobi. The Bank is licensed under the Kenya Banking Act (Chapter 488), and continues to offer retail banking, microfinance and related services. The Bank has subsidiaries in Kenya, Uganda, South Sudan, Rwanda and Tanzania. Its shares are listed on the Nairobi Securities Exchange and Uganda Securities Exchange. Equity Bank was founded as Equity Building Society (EBS) in October 1984 and was originally a provider of mortgage financing for the majority of customers who fell into the low income population. The society’s logo, a modest house with a brown roof, resonates with its target market and their determination to make small but steady gains toward a better life, seeking security and advancement of their dreams.
Purpose:
Assist the revenue assurance manager in implementing a fully functional revenue assurance function in the bank under finance department
Scope:
Revenue Assurance, General Accounting, data extraction, mining and analysis
Qualifications
Key Accountabilities:
- Conduct monthly interest income analysis
- Conduct monthly interest expense analysis
- Review all fees and commission reports prepared by the revenue assurance team
- Compile all the revenue leakage reports and communicate the same to relevant departments and branches.
- Follow up on closure of all the issues raised
- Fast track on total revenue leakage and recoveries done give an update on a monthly basis
- Prepare a weekly MD’S briefing
- Prepare a monthly CORC report
- Liaise with operations on need basis on process changes to help in curbing revenue leakages.
- Drive cost reduction, especially direct or product related costs in order to drive product, channel and segment profitability
Required competence
- A degree in Finance, Economics, Commerce or related field
- A master’s degree in economics, finance or business administration will be an added advantage
- Excellent knowledge of Microsoft office suite and other visualization tools such as PowerBI
- Knowledge in the below systems would be an added advantage:
- Structured Query Language (SQL)
- Oracle systems and database
- Oracle analysis
- Power BI
- Good Knowledge of general accounting principle and practices
- Highly developed written and verbal communication and presentation skills
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