Financial Reporting and Standards Manager at Co-operative Bank of Kenya

Co-operative Bank of Kenya

  • Kenya
  • Permanent
  • Full-time
  • 1 month ago
The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Banks Special General Meeti…Financial Reporting and Standards ManagerThe roleThe successful jobholder will be expected to:
  • Lead the Group's financial reporting framework by embedding best practices and acting as the subject matter expert for IAS/IFRS.
  • Coordinate and manage the Group's external audits, ensuring timely completion and full compliance with regulatory and international standards.
  • Review and implement new and updated IFRS standards, ensuring accurate integration into financial systems.
  • Support the preparation and continuous improvement of Group and Bank financial statements and integrated annual reports.
  • Provide technical guidance and IFRS alignment for all subsidiaries and business units.
  • Oversee the Bank's accounts receivable processes, ensuring timely income recognition and accurate reporting.
  • Lead daily GL reviews and provide resolution support for financial anomalies.
  • Manage financial consolidation across the Group, ensuring IFRS-aligned reporting and consistency.
  • Administer the IFRS 9 model in partnership with the Portfolio Management team.
  • Conduct stress testing for Kingdom Bank goodwill impairment and oversee bank borrowings' covenant reporting.
  • Train internal stakeholders on new accounting standards and lead system implementations/updates in compliance with IFRS.
Qualifications, Skills & AttributesThe successful jobholder will be required to possess the following qualifications: -
  • A bachelor's degree in Finance, Accounting, or a related field from a recognized institution. A master's degree will be an added advantage.
  • Full professional accounting qualification (CPA, ACCA, or equivalent) is mandatory.
  • A minimum of 6 years in financial reporting and standards within banking or financial services
  • A deep understanding of IFRS and financial regulatory requirements.
  • Advanced knowledge of financial systems and reporting tools.
  • Project management and stakeholder engagement skills.
  • Strong data analysis and presentation capabilities.
  • Proven track record in risk management and compliance.
  • Familiarity with audit workflows, financial disclosures, and integrated reporting.
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