KCB Bank Job Vacancy : Bancassurance Accountant, Investment Banking Analyst

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Kenya Commercial Bank Limited is registered as a non-operating holding company which started operations as a licensed banking institution with effect from January 1, 2016. The holding company oversees KCB Kenya – incorporated with effect from January 1, 2016 – and all KCB’s regional units in Uganda, Tanzania, Rwanda, Burundi, Ethiopia and South Sudan. It also owns KCB Insurance Agency, KCB Capital, KCB Foundation and all associate companies. The holding company was set up to among other things to enhance the Group’s capacity to access unrestricted capital and also enable investment in new ventures outside banking regulations, achieve operational and strategic autonomy for the Group’s operating entities and enhance corporate governance across the Group and oversight in management of subsidiaries.

Bancassurance Accountant

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Experience3 years
  • Location Nairobi
  • Job Field Banking   Finance / Accounting / Audit

Reporting to the Finance and Administration Manager, the job holder will be responsible for monthly analysis of both trade payables and receivables, reconciliation of the general ledger, bank reconciliation, cost management, periodic budget variance review and financial statement audit preparation.

Bancassurance Accountant Job Key Responsibilities

  • Verify, allocate, post and reconcile accounts payables and receivables.
  • Prepare and post journal entries which includes expenditure allocation.
  • Ensure proper accounting and reporting of both revenue and expenditure items
  • Track expenditure as per budget and analyze and report any significant variance
  • Account analysis and reconciliation on all ledger accounts
  • Support audits by internal auditors, external auditors, and Regulators (IRA, CBK KRA). To follow up all issues raised in audits and inspections reports and resolve them.
  • Ensure timely reconciliation of all accounts receivables and payables
  • Manage trade debtors and creditors ensure compliance with agreed payment timelines.
  • Ensure adherence to quarterly closure procedures with all underwriters on accounts payables and receivables.
  • Ensure proper controls around credit and adherence to credit policy and guidelines
  • Manage administrative functions as considered necessary from time to time
  • Ensure compliance with IFRS/IAS, Companies Act, and Taxation Act, IRA guidelines and the Company’s policies and procedures.

Qualifications for the Bancassurance Accountant Job

  • University degree in Business with specialization in Finance and/or Accounting
  • Professional Qualification (CPA, ACCA, ACA or equivalent)
  • At least 3 years’ accounting experience in a busy Insurance/Bancassurance environment.
  • Sound knowledge of the Insurance industry and regulatory guidelines.
  • Working knowledge of TurnQuest Business Suite with high proficiency in MS office suite
  • Understanding and practical experience dealing with taxation issues and KRA compliance requirements
  • Conceptual and Analytical Skills: Flair with figures, and strong analytical skills with the ability to interpret financial information.
  • Accuracy and attention to detail
  • Excellent, high quality interpersonal, presentation, problem solving, negotiation skills with the ability to positively and clearly communicate with a variety of constituents.

The above positions are demanding roles for which the Bank will provide a competitive package for the successful candidate.

Investment Banking Analyst

  • Job TypeFull Time
  • QualificationBA/BSc/HND   MBA/MSc/MA
  • Experience3 years
  • Location Nairobi
  • Job Field Banking

Reporting to the Transactor – Equity/Debt Markets, the position will be responsible for the origination, execution of investment banking transactions, preparing financial models, reports and performance metrics the investment banking team.

Investment Banking Analyst Job Key Responsibilities

  • Analysing and synthesizing financial and operating information about companies and sectors in order to gain insights and develop opportunities for clients.
  • Building detailed financial models in support of debt and equity investment banking transactions.
  • Perform valuation analyses using various methodologies including discounted cash flow and market multiples.
  • Originating development of marketing materials in support of client presentations.
  • Drafting client deliverables such as information memoranda and term sheets
  • Participating in the execution of investment banking transactions by developing responsive and innovative transaction structures in support of investment banking transactions.
  • Undertaking detailed economic, sectorial and company research and analysis in support of investment banking transactions.
  • Attend client meetings in support of origination and execution of investment banking transactions.

Qualifications for the Investment Banking Analyst Job

  • University Degree preferably in a business related field.
    Professional qualifications (CFA/KIB/ACIB/CPA/ACCA, NSE ATS Certificate) or MBA is an added advantage.
  • At least 3 years’ experience as an analyst in the with experience in the following areas:
  1. 2 years’ experience developing and updating of financial models and valuations.
  2. 2 years’ experience undertaking Research on assigned industries or sectors.
  • Experience in Investment Banking/ Finance/ Advisory is an added advantage
  • Demonstrate sound knowledge of Brokerage and Advisory business environment, regulations and operations.
  • Demonstrate an understanding of both fundamental and technical analysis of a company
  • Excellent knowledge of the fixed income and equities market.
  • Conceptual and Analytical Skills: Flair with figures, and strong analytical skills with the ability to interpret financial information
  • Excellent, high quality interpersonal, presentation, problem solving, negotiation skills with the ability to positively and clearly communicate with a variety of constituents.
  • Ability to network through all open channels with large technological dependency for the target market.
  • Proven excellent planning, organization and execution skills.
  • A good understanding of Risk, Credit policies and procedures.

The above positions are demanding roles for which the Bank will provide a competitive package for the successful candidate.

How to Apply

If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your application with a detailed CV, stating your current position, remuneration level, e-mail address and telephone contacts quoting the job title/reference in the subject field to [email protected]

To be considered your application must be received by Thursday 29th June, 2017

Only short listed candidates will be contacted.

NB: In the event that you are successful, we will require that you provide us with the following documents:

National I.D.

KRA PIN Card

Birth Certificate of self

Passport Photo (White Background)

NSSF Card

NHIF Card

Certificate of Good Conduct (less than 5 Months old)

Academic & Professional certificates, including official transcripts

Certificates of Service as applicable

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