Tausi Assurance Company Ltd
Vacancy: Finance Manager
Ref: TAS/HR/AM/1562/2016
On a quiet day in 1992, seven
shareholders founded Tausi Assurance Company Limited.
Tausi is a mid-sized insurance
Company with profits in excess of KShs. 200m dealing in general insurance and
is looking to recruit a suitably qualified, dynamic and experienced individual
to join their high powered team as a Finance Manager.
We currently have an opening for a
Finance Manager.
The position holder will be reporting
to the Managing Director/Principal Officer.
Profile: This is very much a 'hands on position' where the holder will be expected to deliver results under strict deadlines.
He/She will be a self-starter who can
hit the ground running and take accountability of the work designated to
him/her.
To be considered for this position,
the person should have experience in preparing final accounts and must have
worked within the Kenyan Insurance market.
During this time, he/she must have
gained a vast amount of working knowledge of the reporting rules such as IRA
returns and more specifically the IFRS.
Role Purpose: To review all financial reports and submit them,
while providing timely and reliable financial information that leads to
effective decision making.
In addition, this position will
provide guidance and leadership to the Finance team in carrying out their daily
activities and work with all departments to ensure understanding of finance and
accounting guidelines, policies and budgets.
Key Responsibilities:
- Develop and maintain sound internal control
procedures, and implement an efficient and timely financial reporting
system.
- Manage the preparation of monthly, quarterly
and year-end financial reports including statement of comprehensive
income, statement of financial position, cash flow statements and revenue
accounts.
- Prepare accurate and timely financial and
management reports covering all financial matters and present them to
management and the Board.
- Liaise with other departments to ensure
Company goals and objectives are met.
- Align the operations of the finance department
with the appropriate technology to increase operational efficiency.
- Implement financial policies, decisions of the
Board of Directors to ensure efficient administration of the Company’s
financial resources, accountability of financial rules and regulations.
- Update the Managing Director and Board of
Directors regarding changes in legislations or regulations that may affect
the business operations and ensure that all statutory legal financial
obligations are met on time.
- Develop the annual budget and ensure it is
aligned with the Company’s strategic and operational plans;
- Evaluate and improve the accounting system to
enhance functionality of financial management and reporting;
- Review and constantly improve workflows,
accounting policies and procedures to ensure accuracy and effectiveness;
- Make recommendations for cost savings and
expense rationalization;
- Prepare audit schedules and liaise with
external auditors and all other regulators for periodic audits and
inspections;
- Manage the acquisition of capital assets,
ensure they are properly tagged, amortized and disposed appropriately;
- Establish rapport with bankers, regulators and
other stakeholders;
- Accurate preparation and timely submission of
returns and payments to the tax authorities, Insurance Regulatory
Authority (IRA) and all other relevant statutory and regulatory bodies;
- Supervise daily record of disbursements,
currency conversion, and deposits and oversee the voucher-based accounting
systems, ensuring all transactions follow requirements and contain proper
documentation, and authorization by appropriate signatory, and policies
and procedures are followed;
- Document and maintain complete and accurate
supporting information for all financial transactions;
- Supervise, train and mentor staff from the
department.
- Any other duty that may be assigned to him/her
from time to time by the Managing Director
Academic Qualifications
- Bachelor’s degree in Accounts, Finance,
Commerce or any other business related course.
- Masters in Finance is an added advantage
Professional Qualifications
- CPA (K) / ACCA and a member of ICPAK.
Experience
- At least 8 years’ experience in financial
management, with 3 years at management level
Skills and Competencies
- Leadership skills.
- Strategic and analytical skills.
- Report writing and presentation skills.
- Planning and organization skills.
- Ability to drive change and innovation.
- Ability to work under pressure.
- Must have knowledge on the following
1.
General insurance software system
(Premia – version 10)
2.
Local Insurance Industry
3.
Stipulated IRA guidelines
All applications should be made
through hr@tausiassurance.com by COB 26th February 2016
For more information on Tausi, please
visit www.tausiassurance.co.ke
