Finance Officer

Caritas MFB is a microfinance bank focused on managing financial operations and ensuring compliance with regulatory requirements.

The Finance Officer role is crucial for supporting the effective management of Caritas MFB's financial operations. This involves ensuring accurate financial reporting, performing timely reconciliations, efficiently managing accounts payable and receivable, adhering to all statutory and regulatory requirements, and maintaining robust financial controls. The position plays a vital role in upholding the integrity of the Bank’s financial information and providing timely financial data to aid management in decision-making processes.

1. Prepare accurate and timely monthly management accounts, financial reports, supporting schedules, and financial analyses to support management and Board decision-making.
2. Prepare and review bank, general ledger, suspense, and control account reconciliations; ensure transactions are properly recorded, classified, and supported; and promptly resolve outstanding items and exceptions.
3. Review and process supplier invoices, payments, staff claims, and other financial transactions in line with approved policies and authorization procedures, while maintaining accurate payable and receivable records.
4. Support the preparation of annual budgets and forecasts, monitor financial performance against approved budgets, analyze variances, and highlight significant exceptions for management action.
5. Support the implementation and monitoring of the Bank’s Strategic Plan 2026–2030, including tracking strategic initiatives, milestones, and KPIs, coordinating departmental performance updates, and preparing periodic strategy reports for Management and the Board.
6. Prepare applicable tax computations and returns and support the preparation of statutory and regulatory financial returns, ensuring accuracy, compliance, and timely submission and remittance.
7. Support month-end and year-end closing processes, including accruals, prepayments, and provisions; ensure compliance with applicable IFRS requirements; and prepare schedules and documentation for internal and external audits, including follow-up of audit findings.
8. Review Branch and Head Office financial transactions, maintain the fixed asset register and financial records, follow up identified exceptions, and support the strengthening of financial controls and safeguarding of financial information and documentation.
9. Identify opportunities for automation, process improvement, and enhanced efficiency within the Finance function, and undertake other finance and strategy-related duties as assigned by the Head of Finance & Strategy.

1. Must possess a Bachelor’s degree in accounting, Finance, Commerce, Business Administration, Economics, or a related discipline from a recognized university.
2. Professional accounting qualification such as CPA(K) or an equivalent is required, with full professional qualifications being an added advantage.
3. Membership or eligibility for membership with ICPAK or another recognized professional accounting body is an added advantage.
4. At least 3–5 years of relevant experience in accounting or finance, preferably within a bank, microfinance institution, SACCO, or other regulated financial institution.
5. Practical experience in financial reporting, reconciliations, taxation, budgeting, accounts payable, and general ledger management.
6. Good working knowledge of IFRS, taxation requirements, financial controls, and regulatory reporting.
7. Experience working with core banking systems, ERP/accounting systems, and financial reporting tools will be an an added advantage.
8. Advanced proficiency in Microsoft Excel and strong data analysis skills.