Senior Banking Business Officer

Job Purpose :- Responsible for conducting transactional, complex, and sensitive audits within the company to ensure the overall company’s operations are in line with the company’s policies and procedures.  

Main Duties and Responsibilities

• Makes recommendations on the systems and procedures being reviewed, 
• Reports on the findings and recommendations and monitors management's response and implementation of same,
• Identifies and assesses financial risks to the company's financial statements, operations, and compliance with laws and regulations, 
• Develops audit programs to test the effectiveness of internal controls and identify areas of improvement, 
• Prepares audit reports that communicate the findings and recommendations of the audit,
• Interacts with management and other stakeholders to ensure that audit findings are addressed in a timely and effective manner, 
• Ensures that comments of external auditors are addressed by concerned departments,
• Ensures the performance of audit procedures to verify that controls are operating through testing and interviewing techniques, 
• Inspects transactions and related documents and verify accuracy and legitimacy,
• Performs analysis and concludes on the effectiveness and efficiency of the control system,
• Identifies control gaps and opportunities for improvement,
• Oversees the documentation of results of audit work in accordance with applicable audit standards,
• Prepares and presents timely audit reports for relevant stakeholders,
• Provides advice on internal control and participate in enhancing internal audit standards and practices,
• Follow up and ensure the implementation of audit recommendations,
• Ensures that causes of recurring irregularities have been identified and assist in the provision of appropriate remedial actions by carrying out analysis of findings,
• Stays up-to-date on the latest auditing standards and practices,
• Prepares periodic summary reports,
• Supervise and mentor junior auditors,
• Perform other duties assigned by the immediate supervisor.

Job Purpose:- To estimate production costs and track regular expenses, which may be related to a new process or a new product and recommend changes to pricing and business models through tracking data such as changing labor, supply costs, conducting market research.

Duties and Responsibilities:

• Develops and maintains accurate costing systems in relation to labor, production methods and material supply.
• Analyzes changes in product design, raw materials, manufacturing methods, or services to determine effects on costs.
• Estimates new and proposed product costs as well as product changes.
• Analyzes the data collected and logs a detailed record of the results.
• Repairs (monthly, quarterly, and annual) cost forecasts.
• Analyzes monthly Cost of goods sold (CoGS), Purchase Price Variance (PPV) and Manufacturing variance journal entries.
• Analyzes data on material and labor costs to evaluate efficiency and effectiveness.
• Reviews standard and actual costs for inaccuracies.
• Analyzes changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs.
• Analyzes actual costs and prepares periodic report comparing standard costs to actual costs and recommend cost efficiencies.
• Provides finance support on business cases; project cost calculations/quotations for strategic projects with appropriate labor and overhead rates and overall production costs (make/buy, outsourcing/in sourcing).
• Prepares product cost reports which meet the needs of managers and other employees using the information.
• Reconciles general ledger account balances for inventory, material expense and production costing items.
• Assists cost related issues in Ad-Hoc projects to improve overall financial process and controls.
• Evaluates and updates standard costs on a quarterly basis, which includes the review and analysis of material, direct & indirect labor, and other overhead costs incurred.
• Provides input and recommendations for streamline processes and updates of the cost accounting policies and procedures.
• Reviews and drives cost reductions, working capital opportunities and manufacturing productivity improvements.
• Prepares the monthly cost of sales figures by analyzes expenses such as material, labor, research, and development expenses.
• Performs other duties assigned by the immediate supervisor.

Position: Senior Head Office Accountant

Place of Work: Head Offices, Addis Ababa

Opening Date: November 7, 2026

 About the Organization:

Kebronhill Microfinance Institution S.C. (KHMFI) pioneers accessible financial services, merging vision with action. Licensed by the National Bank of Ethiopia (MFI/071/2024) under Proclamation No. 626/2009, we champion community upliftment by blending profitability with social impact. Committed to regulatory integrity, we welcome Ethiopians, foreign nationals of Ethiopian origin, and organizations to join our journey. With a focus on innovation and inclusivity, KHMFI leads microfinance excellence, empowering individuals for a brighter future. Join our transformative vision and help shape a better tomorrow with us.

 SPECIFIC DUTIES AND RESPONSIBILITIES

• Prepare and review daily, weekly, and monthly financial reports for Head Office and Branches.
• Ensure all financial transactions are recorded accurately in the Core Banking System (CBS) and accounting systems.
• Prepare monthly, quarterly, and annual financial statements in compliance with IFRS standards.
• Monitor branch-level financial performance and provide analytical feedback.
• Perform and supervise reconciliations of:
• Bank accounts
• Tellers’ General Ledger (GL)
• Clients’ float fund
• Branch suspense accounts
• Inter-branch accounts
• Head Office GL accounts
• Investigate discrepancies and ensure timely resolution.
• Assist in preparation of annual budgets and forecasts.
• Monitor actual expenses against budgets and report variances.
• Ensure appropriate allocation of expenses to correct cost centers.
• Ensure compliance with IFRS, National Bank of Ethiopia (NBE) financial guidelines, and company financial policies.
• Strengthen internal control procedures and ensure branches follow them.
• Ensure all supporting documents meet audit and regulatory standards.
• Work closely with Core Banking System (CBS) administrators to ensure proper GL mapping and error-free postings.
• Report CBS-related accounting issues (e.g., backdate restriction, incorrect postings, missing reports).
• Follow up and ensure corrections are made on time.
• Prepare audit schedules and documentation for both external and internal audits.
• Address audit queries and implement audit recommendations.
• Provide technical support, coaching, and training to branch accountants and Tellers.
• Coordinate monthly closing processes for all branches.
• Follow up timely submission of branch financial reports and schedules.
• Ensure safe record-keeping and maintenance of accounting documents.
• Participate in policy and procedure review and updates.
• Perform any other duties assigned by the Finance and Accounts Manager.

Terms of Employment: Permanent    

Salary: As per the Institution salary scale

Closing Date: November 17, 2026