Deputy Manager, Payroll Section Job Vacancy at Central Bank of Kenya

Job Purpose
The role holder supports the Manager Payroll section and is responsible for managing payroll Section including preparation, completing reports, distribution and maintaining records and advising on relevant emerging tax issues.

Key Duties and Responsibilities
Strategic Responsibilities
• Enhance internal controls.
• Champion the development, implementation and execution of payroll role in finance department as a critical component of ensuring the Bank meets its contractual obligations in line with approved policies & procedures.
• Making proposals for payroll policy development and payroll operation manual.

Technical and Operational Responsibilities
• Review the process of disbursement of staff emoluments.
• Assist managing payroll workload to meet operational requirements.
• Review statutory deductions reporting and filing requirements.
• Review monthly payroll reports.
• Review payroll accounts reconciliations and ensure adherence to the Standard Operating Procedures (SOPs).
• Continually review and report on payroll related policies procedures and processes.
• Maintain payroll data information and records in accordance with statutory requirements.
• Assist in processing payment of staff salary advances and development loans.
• Be on the lookout for any new legislation impacting payroll and inform the Manager accordingly.
• Maintain high professional standards on confidentiality and integrity.

Other Responsibilities
• Deputize the Manager Payroll Section.
• Perform any other duties as may be assigned by the Finance Department leadership and the Bank.

Qualifications
• Bachelor Degree in Finance, Accounting or any other relevant degree from a reputable university.
• Post graduate degree in a relevant field is an added advantage.
• Professional qualification(s) in accounting e.g. CPA (K), ACCA or equivalent.
• Membership of ICPAK or ACCA.

Work Experience
Five (5) years post qualification experience in a busy accounting related area.

Competencies
Technical Competencies
• Must have excellent understanding of Payroll Management and processes.
• Thorough understanding of International Financial Reporting Standards (IFRS).
• Excellent grasp of Financial & Management Accounting.
• Proficiency in payroll software and systems.
• Knowledge of Human Resource policies and practices.
• Excellent knowledge of Accounts Analysis and Reconciliation.
• Excellent grasp Taxation & relevant legislation.
• Knowledge of pension rules and regulations.
• Analytical acumen.
• Experience working with Enterprise Resource Planning Systems and its interface with other third-party systems.

Behavioral/ General Competencies
• Leadership and people management.
• High level of interpersonal and cross-cultural skills.
• Critical & analytical thinking and problem-solving skills.
• Project management skills.
• Organizational and administrative skills
• Strategic thinking and decision making and ability to identify and recommend emerging trends.
• Independence of thought and objectivity.
• Lives the CBK values.
• Excellent communication skills.
• Risk management awareness.
• Ability to manage multiple stakeholders and drive change.
• Ability to work under pressure of deadlines.
• Emotional intelligence .

Candidates are requested to note that:
• INCOMPLETE applications will not be considered.
• Only shortlisted candidates will be contacted.