Website DIB Bank Kenya Limited (DIBBKE)
DIB Bank Kenya Limited (DIBBKE), is a fully owned subsidiary of Dubai Islamic Bank PJSC (AE) – a pioneering institution that has combined the best of traditional, Shariah values with technology and innovation that characterize the best of modern banking. Incorporated in 2014 and backe… read mored by its age-old values of being Progressive, Innovative, Ethical and Reliable, DIB Bank Kenya has put in place channel capabilities, high quality of service and a sound business model to ensure that it is ‘The Better Way to Bank’. At DIB,tradition and heritage is blended with a commitment to flexibility, innovation and modernity, so that every customer is provided with comprehensive Shariah compliant solutions for any financial need.
Job Purpose:
To ensure effective management of finance operations and administration by overseeing accounts payable, fixed assets, project accounting, tax compliance, and intercompany reconciliations. The role safeguards the integrity of financial data, enforces internal controls, and drives a cost-conscious culture across the Bank, in line with DIB Bank Kenya’s governance framework, regulatory requirements, and Islamic banking principles.
Finance Operations and Administration:
Accounts Payables & requisition management
Project accounting and reporting
Fixed Assets management and maintenance of the Fixed Assets Register
Cost control and embedding a cost-conscious culture across the Bank
Tax payments and compliance with statutory obligations
Cross-border recharges and intercompany reconciliations
Control Environment:
Internal financial controls, policies, standards, and procedures
General Ledger standards and reconciliations
Financial data processing – integrity, accuracy, and sufficiency
Systems security and logical access controls
Department Operating Instructions and process flows
Key Control Standards, Self-Assessments, and Key Risk Indicators
Key Responsibilities:
Accounts Payable and Cost Controls
Oversee the Accounts Payable function to ensure efficiency, accuracy, and compliance with procurement and supplier processes.
Enforce the Bank’s Expense Management Guidelines to strengthen cost discipline.
Drive adoption of the automated Procure-to-Pay (P2P) system for transparency and control.
Fixed Assets Register
Maintain an accurate and automated Fixed Assets Register covering acquisition, depreciation, movement, revaluation, and disposal.
Conduct periodic verification of assets and update the register accordingly.
Perform monthly reconciliations between the Fixed Assets Register and the General Ledger.
Trial Balance Review and Monitoring
Conduct daily reviews of the Trial Balance (TB) at both GL and cost centre levels to monitor movements and ensure compliance with financial control requirements.
Document findings and escalate anomalies promptly.
General Ledger Reconciliations and Controls
Perform timely reconciliations and substantiations of GL accounts in line with control guidelines.
Review and correct accounts with “unnatural” balances (e.g., asset accounts in credit, liability accounts in debit).
Maintain reconciliation schedules, supporting evidence, and ageing analysis.
Accruals, Prepayments, Provisions / Write-offs
Ensure accurate accounting for accruals, prepayments, and provisions in line with IFRS and internal policies.
Escalate reconciliation issues per the Bank’s Escalation Procedures and resolve diligently.
Process write-offs and provisions with appropriate approvals under the Delegation of Authority framework.
Intercompany Reconciliation
Manage reconciliations of intercompany recharges and balances due to/from DIB Group affiliates, including cross-border transactions.
Ensure timely clearance of outstanding items and monthly reconciliations with group-level counterparties.
Project Accounting and Reporting
Monitor and account for project-related costs, including WIP, transfers to the Asset Register, and amortisation.
Ensure accurate cost centre allocations, timely capitalisation of assets, and closure of project cost centres within three months of completion.
Maintain monthly cost forecasts and integrate projects into the annual budget process.
Tax Management
Oversee tax compliance, including preparation, processing, and remittance of statutory taxes and deductions.
Ensure adherence to local regulatory requirements from the Central Bank of Kenya, Kenya Revenue Authority, and other relevant bodies.
Control Environment
Uphold internal financial controls, policies, and procedures.
Safeguard financial data integrity, accuracy, and sufficiency.
Enforce system security, logical access controls, and compliance with Key Control Standards (KCS), Key Risk Indicators (KRIs), and Self-Assessments.
Financial and Management Reporting
Provide backup support to the Manager, Financial Controls, in preparing monthly, quarterly, and year-end statutory accounts.
Support external audits and ensure compliance with reporting standards.
Skills / Experience:
Education:
Bachelor’s degree in finance, Accounting, or Business Studies. MBA an added advantage.
Fully qualified CPA (K), ACCA, or Chartered Accountant.
Experience & Skills:
Minimum 5-7 years’ post-qualification experience in accounting or audit.
Strong GL controls, reconciliations, regulatory exposure; excellent analytical and stakeholder skills.
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Send your CV and cover letter to careers@dibkenya.co.ke
Apply Through:
careers@dibkenya.co.ke
To apply for this job please visit dibkenya.co.ke.