Description

Equity Bank

is one of the region’s leading Banks whose purpose is to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern, inclusive financial services that maximize their opportunities. With a strong footprint in Rwanda, Kenya, Uganda, Tanzania, DRC and South Sudan, Equity Bank is home to more than 20 million customers – the largest customer base in Africa. Currently Equity Bank Rwanda is seeking additional talent to serve in the role of Finance Manager – Payables, Receivables & Fixed Asset

Key Responsibilities

Key Responsibilities are:

• Oversee timely and accurate processing of supplier invoices, staff advances, and expense claims in line with approved policies and service level timelines.
• Ensure proper authorization, posting, and classification of all payable transactions within the accounting system.
• Review and approve supplier reconciliations, accounts payable ageing reports, and statements of account.
• Coordinate resolution of supplier queries and disputed balances with internal and external stakeholders.
• Oversee accurate and timely recognition of receivables and receipts, ensuring correct booking in the general ledger and sub-ledgers.
• Ensure generation, validation, and monitoring of EBM invoices and customer ageing reports.
• Monitor overdue receivables and support follow-up actions with business units to improve collections and cash flow.Oversee capitalization, transfer, disposal, and impairment of fixed assets in compliance with IFRS and internal policies.
• Ensure all fixed assets are properly tagged, recorded, and periodically physically verified.
• Review and approve depreciation calculations and fixed asset registers.
• Monitor assets under construction (WIP), ensure accurate accumulation of project costs, and timely capitalization upon project completion.
• Track capital expenditure against approved budgets and management authorizations, highlighting variances for management action.Oversee reconciliation of payable, receivable, bank, and fixed asset sub-ledgers to the general ledger and trial balance.
• Ensure timely month-end and year-end close activities for assigned balance sheet and income statement accounts.
• Review suspense and clearing accounts and ensure timely resolution of outstanding items.Ensure compliance with IFRS, tax laws, regulatory requirements, and internal finance policies.
• Act as key contact for internal and external audits relating to payables, receivables, fixed assets, and related processes.
• Review and submit accurate audit schedules and support resolution of audit issues within agreed timelines.
• Maintain strong internal controls and recommend process improvements to enhance efficiency and risk management.

Qualifications & Experience

Qualifications & Experience

• Bachelor's degree in accounting, Finance, Business Administration, or related field.
• Professional qualification (CPA, ACCA) or active progress toward certification is an advantage.
• Minimum of 7–10 years relevant finance experience, including hands-on responsibility for payables, receivables, and/or fixed assets, preferably in a banking or large corporate environment.
• Strong knowledge of IFRS and experience supporting internal and external audits.
• Experience working with ERP / core banking or financial systems and strong Microsoft Excel skills.