Accountant

Accountant

Sumac Microfinance Bank Ltd is a premier, fully-fledged microfinance institution regulated by the Central Bank of Kenya. With a robust branch network spanning the country and a cutting-edge mobile banking platform, we bridge the gap between financial services and the entrepreneurs who drive Kenya's economy.

At our core, we are more than just a bank; we are a partner in growth. We provide a comprehensive suite of financial solutions—including Accounts, Loans, Trade Finance, Forex, and Bancassurance, designed to transform small ventures into sustainable, prudently managed enterprises.

About the Role

The job holder will be responsible for maintaining accurate and timely original accounting entries and records while delivering high quality client service to internal and external customers while ensuring adherence to policies and procedures in all accounting processes.

Key Responsibilities: 

• Ownership of all the General Ledger accounts ensuring that they are reconciled at all times.
• Preparation of bi-monthly bank reconciliations through the core banking system
• Maintaining fixed assets register modules through the core banking system
• Proposing and implementing of revised finance and procurement policies
• Implementation of other system upgrade areas affecting accounts operations and reporting
• Accurate and timely posting of entries while ensuring data integrity into the core banking system
• Correct matching of all accounting entries to their budgeted cost and revenue centers
• Timely accrual of all costs and revenues
• Timely payments of suppliers and customer payment requests while verifying documentation
• Timely settlement of statutory obligations such as taxes and loan obligations
• Filing of statutory reports to regulators by the set statutory deadlines
• Manage cashflows at bank level and ensure adequacy at all times
• Accurate and timely preparation of monthly and annual accounts namely balance sheet, profit and loss statement and other reports in adherence to relevant IFRS
• Provide oversight on overall adherence to budget
• Proactive cost management on OPEX
• Responsible for payroll reconciliation after postings
• Provide guidance to onboard, train, set targets and manage the performance of staff reporting to you to ensure the achievement of their set targets.
• Act as an agent of the bank
• Timely treasury replenishment across all branches upon request
• Reconcile financial discrepancies by collecting and analyzing account information.
• Any other duties delegated by the supervisor from time to time

Qualifications and Technical Competencies

• University degree in either Finance/Accounting/Economics or Business Admin.
  CPA (K) or ACCA Finalist. A master’s Degree will be an added advantage
• 3 years working experience in a similar position in the banking industry preferably a regulated Microfinance Bank.
• Ability to work under pressure and manage time efficiently
• Ability to solve complex problems and make decisions effectively
• Good time management
• Respect for peers
• Confidentiality
• A team player
• Assertiveness and self-drive
• Honesty, reliability and dependability
• Good interpersonal skills
• Good communication skills
• Analytical skills
• Speed and accuracy

Why Join Us

Working at Sumac means joining a team dedicated to sustainable development and impactful service. Our culture is built on five key pillars that guide how we interact with our clients and each other:

• Considerateness: We foster respectful relations with our employees, partners, and the communities we serve.
• Loyalty: We believe in the power of collaboration to solve problems and achieve ambitious goals.
• Integrity: We operate with total honesty, fairness, and transparency. Being "above board" isn't just a phrase—it's our standard.
• Passion: We take pride in our work, performing every role with purpose and a positive attitude.
• Transparency: We maintain an open-door policy, ensuring all stakeholders are informed and valued.

What to Expect In the hiring Process

• A Preliminary call with a Recruiter
• An interview with the Hiring Manager
• Panel  Interviews
• Executive Interview