Job Description
Job Summary • The Account Officer (Finance) is responsible for supporting the financial management of the bank through accurate recording, reporting, and reconciliation of financial transactions.
• The role ensures compliance with accounting standards, regulatory requirements, and internal control procedures, while contributing to the integrity of the bank’s financial information.
Key Responsibilities
Financial Recording & Bookkeeping:
• Record daily financial transactions in the accounting system in a timely and accurate manner
• Maintain proper documentation and supporting schedules for all financial entries
• Ensure completeness and accuracy of financial data
General Ledger Management:
• Maintain and update the general ledger accounts
• Post journal entries and ensure proper classification of transactions
• Assist in month-end and year-end closing processes
Reconciliation:
• Perform daily, weekly, and monthly reconciliation of bank accounts, cash accounts, and other ledger balances
• Investigate and resolve discrepancies in a timely manner
• Maintain reconciliation schedules and supporting documentation
Financial Reporting:
• Assist in the preparation of periodic financial reports (daily, weekly, monthly)
• Support preparation of management accounts and regulatory returns
• Provide accurate financial data to support decision-making
Budgeting & Cost Control:
• Support the preparation and monitoring of departmental and organizational budgets
• Track actual expenditures against approved budgets
• Highlight variances and support cost control initiatives
Compliance & Internal Control:
• Ensure compliance with accounting standards, regulatory requirements, and internal policies
• Support internal and external audit processes by providing required documentation
• Adhere to internal control procedures to safeguard financial assets
Accounts Payable & Receivable:
• Process payments, invoices, and expense claims in line with approval limits
• Monitor receivables and follow up on outstanding balances where necessary
• Ensure proper authorization and documentation for all transactions
Tax & Statutory Compliance:
• Support the preparation and filing of tax and statutory returns as required
• Ensure proper documentation for all tax-related transactions
Key Performance Indicators (KPIS)
• Accuracy and timeliness of financial records
• Timely completion of reconciliations
• Number of unresolved reconciliation differences
• Compliance with accounting and regulatory requirements
• Timeliness of financial reporting
• Audit findings related to finance operations
• Budget variance management
Qualifications & Experience
• Bachelor’s degree in Accounting, Finance, or related field
• Professional certification (ACA, ACCA, ICAN) is an added advantage
• Minimum of 2–4 years experience in accounting or finance
• Experience in a microfinance bank or financial institution is highly desirable
Competencies & Skills:
• Strong knowledge of accounting principles and financial reporting
• High level of accuracy and attention to detail
• Proficiency in accounting software and Microsoft Excel
• Analytical and problem-solving skills
• High level of integrity and confidentiality
• Ability to work under pressure and meet deadlines
Working Conditions:
• Office-based role within a structured finance environment
• Requires strict adherence to deadlines, especially during reporting periods
• High level of responsibility for financial accuracy and compliance.