The Deputy Chief Financial Officer will assist the Chief Financial Officer (CFO) in managing the overall financial operations of the Bank. He/she shall develop and implement financial strategies, oversee the budgeting process and create financial reports. The Deputy CFO also takes part in planning for the future, ensuring financial compliance and forecasting any potential risk in the Bank.

KEY RESPONSIBILITIES:

• Develop and implement financial strategies, policies and procedures to ensure fiscal accountability.

• Assists the CFO with directing the Bank's accounting functions to include establishing and maintaining its accounting principles and practices.

• Monitor and analyze financial performance, providing guidance and recommendations to the CFO and other senior-level management.

• Oversee the preparation of financial statements, reports and analysis to assess the financial performance of the organization and provide guidance for decision-making.

• Manage the budgeting process, ensure compliance with internal controls, and coordinate financial audits.

• Updates the CFO of the preliminary monthly results, provides potential adjustments, and finalizes results.

• Lead the development of short- and long-term financial plans and forecasts.

• Maintain the company bank balance and remain cognizant of outstanding checks.

• Read and review any documentation attached to checks for approval and accuracy.

• Ensure all financial statements and tables are correct and precise.

• Prepare projections annually and update monthly with actual figures.

• Coordinate with the tax division and prepare any schedules required for tax returns.

• Supports the CFO with special projects and workflow process improvement, including policies and procedures within the department.

• Monitors system controls for ensuring data integrity and confidentiality at all times.

• Serves as a liaison to functional leadership across the organization, assisting them with accounting related service issues.

• Interprets financial transactions and events for users who must make economic or business decisions.

• Reviews and posts journal entries and ensures monthly account reconciliations and analyses are completed in a timely manner.

• Measuring company performance against external and internal benchmarks.

• Ensuring compliance to statutory law, finance, and tax regulations.

• Overseeing Treasury and Taxation functions.

• Maintenance and documentation of accounting procedures & policies.

• Manage the budgeting and forecasting process.

• Solving technical accounting issues.

• Maintaining relationships with external auditors and banks.

• Oversee Financial Systems and external providers of systems management and system upgrades.

• Identifying areas to improve business efficiencies and reduce costs.

• Managing the monthly financial and Board reporting.

• Preparation of timely and accurate financial statements and annual reports.

• Maintain all the necessary reporting to the banks and backup system reports.

• Coordinates activities in the preparation of periodic audits by internal and external entities.

• Ensures that record systems and procedures are maintained in accordance with current accounting principles.

PREREQUISITES:

• Master's degree in Banking or Finance from a recognized university OR an alternate qualification from a recognized university/professional body in a field of study relevant to the scope of work, acceptable to the Bank with minimum 10 years of management level experience in the Financial Sector.

• Microsoft Excel modelling capabilities to design and manage short- and long-term cash flows.

•  An understanding of International Financial Reporting Standards and hedge accounting.

• IFRS 9 knowledge/expertise.

• Strong attention to detail and critical thinking under pressure.

• Significant experience in presenting to Executive Committees and Boards highly desirable.

SKILLS:

• Exceptional verbal and written communication, collaboration, and time management skills.

• Superior organizational and motivational skills, strategic, communication and tactical excellence.

• Proficient in database and accounting computer application systems.