Finance Manager, Operations, Job in Kenya

Job Purpose:

The role holder will be responsible for Accounts payable & Disbursement, Reinsurance Accounting, Tax filing & Payment, Receipting of all company collections, Intercompany, Fixed Assets accounting, Bank & General Ledger reconciliations.

Key responsibilities:

  • Collaborate with retail segment lead to ensure strong controls and manage financial risks as well timely financial planning and reporting for Life products.
  • Support Financial analysis and reporting for Life and communicate financial results in an accurate and timely manner.
  • Build strong financial controls for all business process to minimize risks and meet legal and audit requirements.
  • Manage, direct, and develop performance of the Financial Operations and Credit Control Associates.
  • Ensure manual payments uploads in ERP are reviewed and approved by the respective operations teams’ functions including; Commissions, Claims, Reinsurance and other service providers.
  • Review and approve tax returns and payments in line with the KRA tax requirements including; Excise duty, VAT, WHT, PAYE, Stamp duty and Corporation tax.
  • Ensure funds received are receipted including; premiums, rent, assets disposals, loans & mortgages, reinsurance recoveries and monitor unallocated funds within acceptable risk parameters.
  • Review Fixed Assets register and movement schedule and ensure month end activities including; disposals, additions, depreciation/amortization and revaluation are performed.

  • Compliance with the Insurance Act and Regulations ensure that all IRA and other Regulatory Authorities related compliance guidelines are adhered to.
  • Aid the preparation of the annual accounts and financial statements in compliance with the Insurance act, Kenya’s companies act and IFRS in liaison with the Budgeting and Reporting Team.
  • Liaising with External Auditors during Interim & final Audits by ensuring that all the schedules are prepared and submitted on a timely basis.
  • Coordinate the implementation of Internal and External Audit issues within the agreed timelines.
  • Review monthly Intercompany reconciliation and ensure collection and payments where necessary with the relevant Subsidiaries.
  • Review and approve monthly Bank and other General Ledger reconciliations
  • Maintain and strengthen internal controls over financial reporting.
  • Research and resolve accounting issues including evaluation and implementation of new accounting standards.
  • Perform any other duties as may be assigned from time to time.
  • Ad hoc reports as may be required from time to time.
  • Delegated Authority:  As per the approved Delegated Authority Matrix.
  • Provide training, coaching and guidance to staff appropriately to facilitate personal growth.

Key Performance Measures:

  • Timely Financial Reporting.
  • Cost savings on budget.
  • Reconciliation preparation and review.

Knowledge, experience and qualifications required

  • Bachelor’s degree in a business-related field.
  • MBA will be an added advantage.
  • CPA (K) or equivalent Qualification.
  • 5 – 7 years of relevant experience.
  • Membership of accounting professional body.
  • Sound knowledge and well-developed Information Communication and Technology (ICT) skills with hands on experience with computerized accounting applications such as AIMS, ERP systems and Microsoft office software (word, excel, PowerPoint).
  • Experience and ability to establish and maintain effective working relations within a team and colleagues from diverse cultural and professional backgrounds with the ultimate aim of achieving organizational goals.
  • Excellent organizational and planning skills; ability to identify priority activities and assignments and ability to make necessary adjustments as required.
  • Proven ability to transfer knowledge to other staff colleagues at all levels into practical and beneficial use; strong interpersonal skills demonstrated by the ability to lead and gain the assistance and cooperation of others in a team endeavor.
  • Possess an innovative mind, a positive attitude and motivation to acquire new knowledge.

Technical/ Functional competencies:

  • Knowledge of insurance regulatory requirements.
  • Knowledge of insurance products.
  • Sales and marketing management skills.

How To Apply

Click Here To Apply