Position: Finance Associate- Investment Banking

Dept: Finance

Position Reports to: Finance Manager

Direct Report: None

Client: our client is a leading Investment Banking firm based in Nairobi. They are looking for an experienced finance associate with deep experience of the Capital Markets in Kenya.

Job Purpose: Managing book keeping and tax accounting processes, preparation of financial statements, accounting and tax reports and ensuring compliance with Kenya legislation. Experience with Capital Markets Authority reporting and compliance- Stockbrokerage, Investment Banks, CMA and the NSE experience is must.

MAJOR RESPONSIBILITIES:

1. ACCOUNTING

• Coordinating and controlling accounting processes for the Kenyan entity in accordance with local standards of accounting and reporting, and internal policies and procedures.
• Organizing and controlling all operations bookkeeping, including business expenses reporting, business trip expenses, payroll control, bills payable and receivable.
• Ensuring that taxes (VAT, profit tax, withholding tax) are calculated and all tax reporting is done correctly and on time.
• Participating in the annual audit process in accordance with local legislation requirements and reviewing auditors’ reports.
• Maintaining accurate and up-to-date general ledger accounts and preparing reconciliations of bank and intercompany balances.
• Supporting month-end and year-end closing processes and preparation of financial statements.
• Managing the fixed asset register, ensuring proper capitalization, tagging, and depreciation of assets.
• Monitoring accounts payable and receivable to ensure timely settlements and accurate reporting.
• Assisting in the implementation and continuous improvement of accounting systems and processes.

1. COMPLIANCE

• Ensuring that all operations are correctly recorded in the Kenya entity’s balances, consistent with primary documents, and controlling the economic feasibility of expenses for tax purposes.
• Ensuring that Capital Markets Authority (CMA) financial requirements for investment banks remain in compliance.
• Monitoring and enforcing adherence to internal financial policies and procedures.
• Implementing and maintaining internal control systems to ensure compliance with regulatory, tax, and audit requirements.
• Supporting compliance with anti-money laundering (AML), Know Your Customer (KYC), and other financial regulations.
• Liaising with regulatory authorities, auditors, and consultants to ensure consistent compliance.

1. REPORTING

• Preparing accounting reports for regulated entities and for submission to the Capital Markets Authority at the end of every quarter.
• Preparing daily management reports reflecting compliance of accounts with CMA regulatory requirements.
• Supporting preparation of management accounts, variance analyses, and cash flow statements.
• Providing ad hoc financial and analytical reports to assist senior management in decision-making.
• Coordinating with group and regional finance teams to ensure consistency and accuracy of consolidated reporting.
• Supporting the preparation of annual financial statements in line with International Accounting Standards.

1. PLANNING

• Forecasting and planning funding and regulatory capital requirements; reporting daily regulatory ratios.
• Supporting annual budgeting and reforecasting processes, ensuring alignment with organizational goals.
• Monitoring budgetary performance and providing variance analysis with explanations and recommendations.
• Assisting in liquidity and treasury management, including cash flow forecasting and banking relations.
• Providing data-driven insights to support financial planning and business development initiatives.

1. OPERATIONAL SUPPORT & PROCESS IMPROVEMENT

• Identifying opportunities to improve accounting systems, reporting processes, and operational efficiency.
• Supporting the implementation or enhancement of accounting and financial reporting software.
• Collaborating with HR, Operations, and Procurement to ensure data accuracy and consistency in financial records.
• Reviewing supplier invoices, contracts, and payments to ensure compliance with internal approval procedures.
• Assisting in developing financial policies, procedures, and documentation to strengthen internal controls.

• 6 years’ experience in an accounting field
• Work exposure in a medium sized organisation in Stockbrokerage, Investment Banks, CMA and the NSE is must.

TECHNICAL KNOWLEDGE / QUALIFICATIONS REQUIRED:

Essential:

• University degree preferably in business
• Knowledge of International Accounting Standards
• Professional qualification in CPA/ACCA
• Knowledge of East African accounting processes.
• Knowledge of taxation laws in East Africa
• Basic book keeping skills
• Experience with Capital Markets Authority reporting and compliance is a must.

Application & Selection Process

This role will follow a rigorous multi-stage process assessment process, including stakeholder panel interviews.

The Salary for this position is Kshs 200,000 gross.

How to Apply:

To express interest or refer a suitable candidate, please apply via our website www.dorbe-leit.co.ke. 

We look forward to welcoming you to our team!

Only qualified candidates will be contacted.