Finance
Manager - Bancassurance
The Position:Reporting to the Head, Bancassurance, the role holder will be responsible for the overall financial management and oversee the operations of the Bank’s Insurance Subsidiary ensuring that all activities are in compliance with the Group’s financial policies and procedures and regulatory requirements.
Key Responsibilities:
The key responsibilities of this position will be;
The Position:Reporting to the Head, Bancassurance, the role holder will be responsible for the overall financial management and oversee the operations of the Bank’s Insurance Subsidiary ensuring that all activities are in compliance with the Group’s financial policies and procedures and regulatory requirements.
Key Responsibilities:
The key responsibilities of this position will be;
- Prepare
the monthly financial performance and the accompanying analysis for the
Bank’s Insurance Business.
- Prepare
the quarterly financial reports for consolidation by the Group ensuring
they comply with the relevant regulations and in accordance to the Group
timelines.
- Prepare
strategic financial plans, including the budgets and forecasts by
collaborating with the Head, Bancassurance. Monitor budgets against
targets, and keep senior leadership team abreast of the organization’s
financial status.
- Coordinate
audits by internal auditors, external auditors, and Regulators (IRA, CBK
KRA). To follow up all issues raised in audits and inspections reports and
resolve them
- Ensure
compliance with IFRS/IAS, Companies Act, Taxation Act and IRA guidelines.
- Ensure
all regulatory returns and any other information requested by the
regulator is correctly compiled and submitted on time.
- Ensure
integrity of the general ledger through daily review and analysis and
ensure that all Bank accounts and the relevant suspense are reconciled
periodically.
- To
validate and approve all payments related to the business in line with the
laid down authorization limits and timings.
- Implement
robust debtors’ management and reporting system; ensure that the
collection schedule is adhered to and that financial data and cash flows
are steady to support operational requirements. Ensure creditors and
debtors balances are properly reconciled.
- Ensure
that there are adequate internal control procedures to minimize loss of
income or misuse of company assets, and that all the set procedures are
adhered to.
- Manage
the completion of all regular daily, weekly, monthly reporting with all
associated commentaries including; month end actuals and forecasts/plan,
for multiple key stakeholders (incl. Exec Committee, Board, Finance,
Management, Regulators; CBK,IRA, KRA) Ensure there is integrity of the
data and consistency of format prior to delivery to stakeholders.
- Lead,
motivate, and continuously develop a credible high performing team.
The
Person:
In order to be considered for the above position all applicants should have the following:-
In order to be considered for the above position all applicants should have the following:-
- University
Degree in a business related field from a recognized university. A Masters
in any relevant field will be an added advantage.
- Fully
qualified Accountant (CPA, ACCA, ACA or equivalent).
- At
least 6 years management experience in a busy Insurance/Bancassurance
environment, 4 of which should be in Financial and Management reporting.
- Sound
knowledge of the Insurance industry and regulatory guidelines.
- Understanding
of IFRS/IAS and accounting principles.
- Excellent
planning, problem solving and analytical skills.
- Excellent
report writing skills.
- Knowledge
and hands on experience in office automation tools.
The
above position is demanding for which the bank will provide a competitive
package for the successful candidates.
Finance
Manager - Capital
Key Responsibilities:
Key Responsibilities:
- Prepare
the monthly financial performance and the accompanying analysis for the
Investment Banking Business.
- Prepare
the quarterly financial reports for consolidation by the Group ensuring
they comply with the relevant regulations and in accordance to the Group
timelines.
- Prepare
strategic financial plans, including the budgets and forecasts by
collaborating with the Head of Brokerage. Monitor budgets against targets,
and keep senior leadership team abreast of the organization’s financial
status.
- Coordinate
audits by internal auditors, external auditors, Capital Markets Authority
inspectors, and KRA officials. To follow up all issues raised in audits
and inspections reports and resolve them
- Ensure
compliance with IFRS/IAS, Companies Act, Taxation Act and CMA guidelines.
- Ensure
all regulatory returns and any other information requested by the
regulator is correctly compiled and submitted on time.
- Ensure
integrity of the general ledger through daily review and analysis and
ensure that all Bank accounts and the relevant suspense are reconciled
periodically.
- To
validate and approve all payments related to the business in line with the
laid down authorization limits and timings.
- Ensure
Continuous monitoring and recovery of current brokerage debtors.
- Ensuring
that there are adequate internal control procedures to minimize loss of
income or misuse of company assets, and that all the set procedures are
adhered to.
- Manage
the completion of all regular daily, weekly, monthly reporting with all
associated commentaries including; month end actuals and forecasts/plan,
for multiple key stakeholders (incl. Exec Committee, Board, custodians,
Fund managers, Regulators; CBK,CMA) Ensure there is integrity of the data
and consistency of format prior to delivery to stakeholders.
The
Person:
In order to be considered for the above position all applicants should have the following:-
In order to be considered for the above position all applicants should have the following:-
- University
Degree in a business related field from a recognized university. A Masters
in any relevant field will be an added advantage.
- The
person must be a qualified accountant (CPA, ACCA, ACA or equivalent).
- At
least 4-6 years management experience in a busy Investment Banking/
Brokerage environment, 3 of which should be in Financial and Management
reporting.
- Knowledge
and hands on experience in Oracle Financials will be an added advantage.
- Sound
knowledge of CMA guidelines and Kenyan Tax laws.
- Should
have a thorough knowledge of Investment Banking industry practice,
products and services.
- Understanding
of IFRS/IAS and accounting principles.
- Excellent
planning, problem solving and analytical skills
- Excellent
report writing skills.
- Knowledge
and hands on experience in office automation tools.
The
above position is demanding for which the bank will provide a competitive
package for the successful candidates.
If you
believe you can clearly demonstrate your abilities to meet the criteria given
above, please submit your application with a detailed CV, stating your current
position, remuneration level e-mail and telephone contacts quoting the job
title/reference in the subject field to recruitment@kcb.co.ke
To be considered your application must be received by 24h June 2016
Only Shortlisted candidates will be contacted
To be considered your application must be received by 24h June 2016
Only Shortlisted candidates will be contacted