Old Mutual plc is a leading
multinational long-term savings, protection and investment group which has been
operating for over 169 years.
Old Mutual Kenya comprises of Old
Mutual Life Assurance, Old Mutual Investment Group, Old Mutual Investment
Services, Old Mutual Securities and Faulu Microfinance Bank.
The company has opportunity for
qualified, experienced and talented individuals to fill the following position:
Finance Manager – Reporting
Reporting to the Group Finance
Manager, this role leads the Financial Reporting team and responsible for
maintaining highest levels of integrity, quality and timeliness in financial
reporting, while ensuring compliance to the Old Mutual internal policies, regulatory
and International Financial Reporting standards.
The key objectives for this position
are: -
- Responsible for internal and external group
financial reporting to the management, boards, regulator and other
stakeholders.
- Accuracy of the trial balance and financial
information through constant liaison with the Finance Operations team.
- Responsible for recommending and authorizing
all entries including post balance sheet transactions.
- Capital management for all entities by
ensuring sufficient capital exists and optimization of available cash and
liquidity requirements.
- Responsible for the development of the audit
plan in conjunction with the external Auditors and the Board Audit
Committee.
- Key player in the business planning process by
collating information from internal stakeholders and liaison with the Old
Mutual Africa Finance Team.
- Monitors companywide and business unit
expenditure against the budgets and carries out variance analysis.
- Leads and manages the Reporting team.
- Other allocated duties and projects.
Qualifications and Experience
- Bachelor’s degree in finance or related field.
Master’s degree qualifications in Finance desirable
- Certified Public Accountant/ACCA
qualifications.
- At least five years financial reporting
experience in the financial services sector with supervisory/managerial
responsibility.
- Knowledge of the current Insurance, Retirement
Benefits Authority Capital Markets Authority and Banking regulations
- Fully conversant with the business planning
process and financial reporting standards and procedures.
- Demonstrate good communication and leadership
skills with high personal integrity
- Excellent IT skills and proficiency in all MS
office applications and accounting software
- High levels of energy, drive, creativity and
innovation
- Leadership skills
- Strong business acumen and good understanding
of the market
- Self-starter who shows initiative and is able
to work with minimal supervision.
Finance Manager – Operations
Reporting to the
Group Finance Manager, this position leads the finance operations team charged
with the responsibility of payables, receivables, treasury management and
financial controls to ensure integrity, accuracy and completeness of financial
information generated from the financial systems for the purposes of management
decision making.
The key objectives for this position are: -
- Responsible for maintaining continuous,
complete and accurate accounting records for trail and audit purposes.
- Robust and prudent treasury management through
cash flow management, establishing business need requirements and liaison
with fund managers for investing of surplus funds for shareholder and
client returns
- Responsible for all payments from the business
i.e. Client and shareholder related payables whilst ensuring that this
follows laid down procedures to mitigate against delays,
incorrect/wrongful pay-outs and fraudulent payment
- Custodian of finance operations policies and
procedures and promoting adherence to company values within the team.
- Management of business debtors, staff recoveries
and other receivables within credit period as stipulated in the credit
policy.
- Responsible for team output and data integrity
of the General Ledger and trial balance.
- Continuous engagement with all internal and
external stakeholders such as staff, bank, custodian, trustees to ensure
that proper financial records are maintained and opportunities to enhance
business relationships are harnessed.
- Support business units by delivering on
Finance Operations service level agreements.
- Maintain zero unsatisfactory audits status by
putting in place sufficient mitigation action-plans to minimize finance
operation risks and clearance of all audit management letter items.
- Accurate and timely posting and
reconciliations of General Ledger /Thought Express control accounts, bank
reconciliations, receivables and payables controls by ensuring timeliness,
accuracy and efficiency of financial information.
- Talent growth, staff motivation, creation of
appropriate culture, staff development, succession planning and mobility
of staff within finance operations
- Any other duties that may be allocated by
management from time to time.
Qualifications and Experience
- Bachelor’s degree in finance or related field.
Master’s degree in Finance or related field desirable.
- Certified Public Accountant/ACCA
qualifications
- Minimum 5 years’ managerial/supervisory
experience in the financial services sector
- Knowledge of the current Insurance, Retirement
Benefits Authority and Capital Markets Authority regulations
- Demonstrate good communication and leadership
skills with high personal integrity
- Proven analytical skills
- Excellent IT skills and proficiency in all MS
office applications and accounting software
- High levels of energy, drive, creativity and
innovation
- Strong business acumen and good understanding
of the market
- Self-starter who shows initiative and is able
to work with minimal supervision.
How to Apply
Interested candidates who meet the above requirements are requested to apply for the role throughhttp://careers.oldmutual.co.ke/ by 20th November 2014.
Interested candidates who meet the above requirements are requested to apply for the role throughhttp://careers.oldmutual.co.ke/ by 20th November 2014.
ONLY short-listed candidates will be contacted.