Overview

MIS Performance (Revenue/Cost) Assurance
Job Type Full Time
Qualification BA/BSc/HND
Experience
Location Nairobi
Job Field Finance / Accounting / Audit
Description

In line with enhancing career progression of staff and to support business growth, we seek to recruit a qualified, experienced, self-driven, highly motivated and passionate candidate to fill the following position in International Banking and Payments.

The role holder will provide near real time Financial Performance of all Payment product lines, and assure business continuity (Compliance, audit, security gaps closure) Focus on Channel line profit optimization.

Main Duties and Responsibilities:

Revenue:

  • Ensure approved pricing implementation by product line
  • Proper accounts of every revenue by channel
  • Revenue assurance
  • Profit optimization through optimization initiatives
    Cost:
  • Monthly accrual of all costs by product line
  • Cost lines by channel
  • Cost accounts by channel
  • Cost assurance: direct and indirect cost
    Work in Progress Account:
  • Minimize WIP balance for all channels
  • Apportion cost to branches and countries
  • Work with Finance for cost allocations
    Business Continuity:
  • Coordinate Security, Compliance, Audit reviews with Channel managers
  • Ensure closure of all identified improvement gaps are closed by the Channel Managers
  • Manage Business continuity plan and execution for Payment Group
    Reporting:
  • Timely reporting of Channel financial performance for the Group, Monthly
  • Timely reporting of channel information to regulatory departments
  • Execution of all Channel Monthly Performance Review Actions
    Stakeholder Engagement
  • Interface with Channel owners to validate and ensure all revenue and costs are covered
  • Ensure all channel managers address all Security, Compliance, and Audit improvement gaps timely
  • Coordinate collaboration of Channel managers with Security, Compliance and Audit departments
  • Payment Drive: Keep records of all cost, regulatory,  audit, security and compliance output
    Qualifications

KNOWLEDGE SKILLS AND EXPERIENCE:

  • Finance/Account management for financial institutions
  • Experience of relating to executive management levels, Finance and Operations department
  • Good business acumen: Profitability management experience
  • Financial reporting
  • Ability to work and deliver under pressure in various and diverse cultural settings
  • Good understanding of key risk affecting the business: IT Risk, Operational Risk, etc

MODE OF APPLICATION

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About Equity Bank Kenya

Equity Bank Limited (The "Bank”) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The address of the Bank’s registered office is 9th Floor, Equity Centre, P.O. Box 75104 - 00200 Nairobi. The Bank is licensed under the Kenya Banking Act (Chapter 488), and continues to offer retail banking, microfinance and related services. The Bank has subsidiaries in Kenya, Uganda, South Sudan, Rwanda and Tanzania. Its shares are listed on the Nairobi Securities Exchange and Uganda Securities Exchange. Equity Bank was founded as Equity Building Society (EBS) in October 1984 and was originally a provider of mortgage financing for the majority of customers who fell into the low income population. The society’s logo, a modest house with a brown roof, resonates with its target market and their determination to make small but steady gains toward a better life, seeking security and advancement of their dreams. The vast majority of Africans have historically been excluded from access to financial resources. Having been declared technically insolvent in 1993, Equity’s transformation into a rapidly growing microfinance and then a commercial bank is widely considered to be an inspirational success story. Currently, Equity Bank has more than 9 million customers making it the largest bank in terms of customer base in Africa and having nearly half of bank accounts in Kenya. The company’s vision is "to be the champion of the socio-economic prosperity of the people of Africa”. Equity Bank retains a passionate commitment to empowering its clients to transform their lives and livelihoods. Through a business model that is anchored in access, convenience and flexibility, the Bank has evolved to become an all-inclusive financial services provider with a growing pan-African footprint. Equity Bank’s business model and its visionary leadership has continued to earn local, regional and global accolades and recognition. The model is also studied in some of the leading business schools in the world, as other developing countries in Africa and Asia seek to learn from Equity’s low margin, high-volume model. Equity Bank in 2010 established the Equity Group Foundation. This innovation and creative vehicle has fully transformed the concept of philanthropy and corporate social responsibility. While Equity Group Foundation champions the socio-economic transformation of the people of Africa and seeks partnerships along six cluster thematic areas, Equity Bank provides the infrastructure of delivery, hence reducing the operational costs for the Foundation and increasing the rate of return on any social investment. The six social thematic areas of focus are: education and leadership development; financial literacy and access; entrepreneurship; agriculture; health; innovations and environment. Make an enquiry today