Industry: General Insurance
Reports to: Head of Finance

PURPOSE:

Reporting to the Head of Finance, the main purpose of the job is to ensure timely delivery of financial information to the management to aid in planning, decision making and communication of financial information to Stakeholders. The role will be responsible for the Reporting and Treasury functions of the organization.

PRIMARY RESPONSIBILITIES:

• Oversee the management and improvement of the company’s entire financial accounting, monitoring and reporting systems.
• Oversee the treasury function including cash flow management to meet operational requirements.
• Reinsurance accounting: Monthly reconciliations and sign offs with reinsurers and enhancing collections.
• Risk and compliance management; develop, review and enhance financial operating policies, standard operating procedures, and other bookkeeping controls (checklists and reconciliations).
• Responsible for technical implementation of accounting standards.
• Liaise with the ICT team to give assurance on system integrity and accuracy of the output from the system.
• Put in place processes that guarantee compliance with regulatory requirements and filings including IRA, KRA, UFAA and any other regulator as is required from time to time.
• Risk champion for the finance department and intermediate between finance and risk and compliance department.
• Liaise with the various heads of department in the annual budgeting process.
• Oversee the expenditure process to ensure the budget holders take charge of their costs and that the company operates within the approved budgets.
• Maintain good relations with company business partners including suppliers, banks, auditors and regulators.
• Assist in the preparation of Board papers and provide relevant advice to the Business on financial and compliance matters
• Liaise with auditors, actuary and tax advisors and manage timely audit of final accounts.
• Identify, implement and benchmark best practices in all the above-highlighted areas.
• Carry out any other duties as may be required from time to time for efficiency and effectiveness.

PERSON SPECIFICATIONS

Academic Qualification

• Bachelor’s degree in Business Administration, Finance and Accounting or its equivalent from a recognized institution.

Professional Qualifications

• CPA K/ ACCA or its equivalent from a recognized institution.

Experience

• Minimum of six (6) years’ relevant experience
• Insurance Industry experience a MUST.

Skills and Attributes

• Excellent communication and interpersonal skills;
• Ability to lead a team and promote process improvement;
• Strong understanding of application of reinsurance;
• Strong analytical and problem-solving skills;
• Financial planning and strategy;
• Industry awareness;
• Ownership and commitment; and
• Strong attention to detail and a passion for customer service excellence

Strong preference will be given to candidates with the requisite qualifications, skills and experience.