Finance Officer at Mkobo Microfinance Bank Limited (Mkobobank)

At Mkobo, the Finance Officer is responsible for all financial aspects of the organization. The position manages the budget, prepares financial reports, and ensures that all financial transactions are conducted legally and ethically.

Responsibilities

• Prepare and submit monthly CBN returns (e.g., Prudential Guidelines, CRR, Liquidity Reports).
• Assist in the preparation of Management Accounts, Balance Sheets, and Profit & Loss Statements.
• Ensure compliance with IFRS 9 (e.g., ECL calculations for loans, effective interest rate on investments).
• Contribute to internal/external financial audits and implement corrective actions.
• Ensure compliance with relevant Business Tax laws (e.g NRS and LIRS)
• Support the CFO on the annual budgeting process and periodic forecasts.
• Maintain accurate records of daily transactions (receipts, payments, bank deposits).
• Conduct periodic financial analysis (trends, cost optimization, revenue leakage).
• Prepare the Asset and Liability Report (ALM) to monitor mismatches.
• Support liquidity management by tracking cash flow projections.

Requirements

• Minimum qualification of a BSc.
• 2 years of previous experience in a similar role