Job Ref. No: JLIL 233
Role Purpose
The role holder will be responsible for providing
strategic financial leadership and oversight to ensure the financial health,
stability, and growth of the organization. The role will encompass formulating
financial strategies, managing financial operations, ensuring regulatory
compliance, and driving performance optimization to support the achievement of
Jubilee Life Insurance Limited objectives
Main Responsibilities
Strategy
Collaborate with the CFO to develop and
implement financial strategies aligned with organizational objectives.
Ensure financial benchmarks and targets are in
line with Jubilee standards and effectively communicated across all business
lines.
Lead the budget process, ensuring budgets
reflect strategic initiatives and support business goals.
Support strategic decision-making by providing financial expertise and insights.
Coordinate investment strategy with the Asset
Management Company to optimize returns and manage Asset and Liability matching.
Cultivate relationships with banks, financial
institutions, and rating agencies to optimize financial partnerships and
enhance the company’s reputation.
Accounting
Ensure timely implementation of new accounting
standards, including IFRS 17, and minimize impacts through detailed analysis.
Set and evaluate targets to motivate the
finance department and ensure performance management and budget targets are
met.
Coordinate with Internal Audit to ensure
transparent review of audit findings and timely resolution.
Oversee external auditors and actuary
activities in collaboration with respective Heads of Departments.
Ensure timely completion of statutory valuation
and reserve calculations in coordination with internal and external actuaries.
Controlling & Reporting
Oversee delivery of annual audited financial
statements and reports, analyzing financial data against plan and industry
performance.
Enhance utilization of financial and management
information systems to support reporting and decision-making.
Advise the CFO on financial matters impacting
Jubilee Life Insurance Limited.
Ensure timely delivery of reports required by
regulatory and industry bodies.
Establish and maintain financial business
plans, monitoring variances and implementing corrective measures.
Maintain effective financial models to support
business planning.
Implement systems for expense and capital
management within budget.
Establish and maintain financial controls,
policies, and procedures to ensure accuracy, integrity, and compliance.
Jubilee Life Brand
Ensuring effective public relations and
enhancing the company’s corporate image with all stakeholders and partners.
Compliance
Stay updated on finance-related regulations,
compliance requirements, and best practices.
Ensure adherence to laws, regulations, and
internal policies within the insurance industry.
Establish mitigation measures against emerging
business risks and implement effective risk management strategies.
Maintain internal controls to mitigate
operational, financial, and regulatory risks.
Leadership and People
Provide transformational leadership to meet
stakeholder expectations.
Lead and guide the finance team to deliver on
strategy and objectives.
Foster a corporate culture of ethical practices
and good corporate citizenship.
Ensure adequate recruitment, development, and
performance evaluation of finance staff.
Conduct regular team meetings and training
sessions to enhance skills and knowledge.
Key Competencies
Strong Knowledge of Life Insurance Industry.
Understands the intricacies of the life insurance sector, including products,
underwriting processes, and regulatory compliance.
Financial Expertise. Possesses deep financial
knowledge and analytical skills to provide insights and guidance on financial
matters.
Leadership. Demonstrates strong leadership qualities
to effectively manage and motivate the finance team.
Communication and Stakeholder Management. Excellent
interpersonal and communication skills to interact with internal and external
stakeholders effectively.
Risk Management. Proficient in identifying and
mitigating financial risks to ensure the organization’s financial stability.
Strategic Thinking. Ability to think strategically
and contribute to the development of financial strategies aligned with
organizational goals.
Revenue and Profit Growth. Demonstrated track record
of driving revenue and profit growth through strategic financial initiatives.
Change Management. Capable of managing change and
implementing financial processes and systems efficiently.
Business Acumen. Possesses a good understanding of
business operations and how financial decisions impact overall performance.
Financial Reporting and Regulatory Compliance.
Expertise in financial reporting standards and regulatory compliance
requirements.
Academic Background & Relevant Qualifications
Master’s in finance, Business Administration,
Strategy, or any other related course
Bachelor’s degree in finance/business Related fields
CPA-K/ACCA/ CFA Qualification or equivalent
Minimum 3-5 years’ experience in a similar role
Have experience in operating in complex business environments
and/or regulated sectors and have the personal qualities to develop strong
stakeholder relationships.
Demonstrate ‘best in class’ knowledge of technology,
change, process improvement and operational management in relevant businesses.
Experience in financial planning, budgeting,
forecasting, financial analysis, and financial reporting within the insurance
industry.
Experience in building high-performing teams,
fostering a culture of collaboration, and providing guidance and mentorship to
finance professionals.
How To Apply
If you are qualified and seeking an exciting new
challenge, Please apply via Recruitment@jubileekenya.com quoting the
Job Reference Number and Position
