Our
client, Pan Africa Insurance Holdings Limited, is searching for a Group Financial Reporting Manager.
The
jobholder will be report to the Group Chief Financial Officer within the
Finance Department and has one direct report; that is the Group Accountant.
Job Purpose: Reporting to the Group Chief Financial Officer and working with finance teams across the group, the successful applicant will be responsible for all aspects of financial & regulatory reporting, financial controls, financial systems management, financial process improvement / projects implementation and cost optimisation.
Job Purpose: Reporting to the Group Chief Financial Officer and working with finance teams across the group, the successful applicant will be responsible for all aspects of financial & regulatory reporting, financial controls, financial systems management, financial process improvement / projects implementation and cost optimisation.
Main responsibilities:
Financial reporting
- Prepare
the Group’s financial statements and consolidate for reporting to local
management, review of per product and line of business profitability,
scorecard reporting;
- Manage
group wide reporting calendar and co-coordinate with external auditors and
publishers to ensure timely completion;
- Coordinate
the annual audit process with the external auditors and tax consultants;
- Report
on the financial position of the Group highlighting significant areas that
require intervention for senior management and Board of Directors
- Prepare
half yearly and annual financial press releases;
- Prepare
annual returns and accounts to the regulator ensuring compliance to the
Insurance Act and any other regulation;
- Control
and review the financial statements for each subsidiary, monitor the risks
and work with the subsidiary financial managers and other relevant
functions (Tax, Transfer Pricing, Legal and Treasury) to institute
remedial actions;
- Review
subsidiary financial statements, scorecards and audit schedules;
- Review
changes to accounting policies with both the auditors and the management;
- Coordinate
reporting on working capital metrics and drive improvement of free cash
flow via influence over business and operations teams;
- Document
and maintain complete and accurate supporting information for all
financial transactions;
- Contribute
to effective expense management across the Group;
- Drive
process efficiency in accounting practices; and
- Monitor
balance sheet integrity through regular review and testing
Financial
controls
- Champion
group wide financial controls and coordinate establishment and execution
of financial controls and procedures with subsidiary financial managers
and manage the controls program;
- Conduct
an assessment of internal controls for all business units and departments
to identify deficiencies;
- Work
with internal audit and external auditors to documents control weaknesses
and lead implementation of remedial actions;
- Ensure
actions from all Board audit committees are followed up and implemented in
a timely manner;
- Champion
a review of subsidiary finance processes and align to the finance target
operating model including validation of processes changes; and
- Manage
the schedule of approval mandates for payments, banks relationships and
financial contracts to ensure that they are timely reviewed and approved
by the Board of Directors
Financial
planning and budgeting
- Support
the financial planning and budgeting processes by providing accurate and
comprehensive financial information including preparing financial
forecasts (income statements, balance sheets, cash flow projections,
budget-to-actuals/forecasts and key financial ration); and
- Conduct
in-depth financial analysis and providing expert financial perspective and
opinions that comprehensively assess risk, analyse efficiency and inform
policy decisions made by executive management.
Projects
- Active
participation in implementation of the target Operating Model to attain
both short term and long term cost efficiencies;
- Participate
as the finance champion in key projects to ensure that the financial
impact, risk and controls are comprehensively assessed, evaluated and
addressed;
- Lead
the development of robust business cases and financial models for
assessing viability of new initiatives; and
- Undertake
projects and address specific financial issues that frequently arise.
Person
specifications:
Academic qualifications
Academic qualifications
- Bachelor’s
degree in Business Administration, Finance or its equivalent from a
recognised institution
Professional
Qualifications
- CPA
(K) / ACCA or its equivalent from a recognised institution; and
- Member
of Institute of Certified Public Accountants or a relevant professional
body will be an added advantage.
Experience
- A
minimum of six years relevant experience.
Skills
and attributes
- Strong
technical accounting & IFRS reporting knowledge and experience in
handling statutory reporting and group consolidation in a publicly listed
company preferred;
- Insurance
industry experience (general & life insurance and reinsurance) with an
in-depth understanding of relevant regulatory requirements;
- Excellent
grasp of working capital management and tax matters;
- Knowledge
of internal control principles and demonstrated ability to define
and implement a controls framework;
- Strong
management and experience of leading technical accounting teams;
- Strong
communication and negotiating skills, able to communicate effectively
across all levels;
- Confidence
to challenge the status quo with an experience in influencing and driving
change;
- Track
record of managing companywide process improvement initiatives (financial
processes initiatives such as standardisations, automations, outsourcing,
system upgrades/implementation or chart of accounts will be a plus);
- Excellent
organisational skills, attention to detail and analytical skills;
- Experience
working in a controlled and deadline-driven environment; and
- Working
knowledge of a diverse financial systems
How to
Apply
If your career aspiration matches this exciting opportunity, please submit your detailed CV and covering letter to reach us on or before Thursday 21 July at 1600 hours addressed to Head of Executive Search and Selection, thinkPeople Consulting Limited, through email address recruitment@thinkpeople.co.ke.
If your career aspiration matches this exciting opportunity, please submit your detailed CV and covering letter to reach us on or before Thursday 21 July at 1600 hours addressed to Head of Executive Search and Selection, thinkPeople Consulting Limited, through email address recruitment@thinkpeople.co.ke.
Only shortlisted candidates will be contacted.