Summary
To assist the Head of Finance in establishing and maintaining an effective and efficient financial management system: -financial reporting, cost control, budgeting, regulatory and statutory compliance, cash flow management, safeguarding the assets with an aim of attaining profitability.
Duties & Responsibilities
- Assist in developing and maintaining adequate operational and financial controls in the business: – systems, processes and people.
- Assist in reviewing budgets and financial plans of the company and ensure strict adherence to the budgets and plans.
- Conduct periodic review of policies and procedures to ensure their relevance to the business strategy and changing organizational needs.
- Monitor financial risk exposures through monthly risk reporting and suggest ways to manage financial risk.
- Manage cash inflows and outflows to ensure optimum levels of liquidity and investments.
- Ensure timely and accurate recording of financial transactions and compliance with international accounting standards and other relevant regulations;
- Ensure the company operates at a positive cash flow at all times.
- Review and file returns to the regulator and other statutory bodies on monthly, quarterly and yearly.
- Review the completeness of the asset register and confirm that it is in line with the company accounts.
- Confirm investment in company assets are within company investment policy statement and guided by the Insurance Act and advice the fund management monthly.
- Review management and financial reports for completeness and preparation of board papers on a monthly and quarterly basis respectively.
- Approve payments and check that all accounting transactions are posted to the correct cost centers.
- Manage cash flows, control costs and action on audit recommendations;
- Liaise with external stakeholders e.g. banks, IRA, KRA towards enhancement of company operations and
- Carry out any other duties assigned by your supervisor from time to time
Minimum Qualifications & Experience Required
- A bachelor’s degree in Finance or any other business-related subjects.
- Master’s Degree in Finance will be an added advantage.
- Professional qualifications (CPA-K, ACCA).
- Membership to a relevant professional body in good standing such as the Institute of Certified Public Accountants of Kenya (ICPAK).
- Minimum of 10 years of relevant experience.
- Must have experience in the insurance industry or financial services industry (A MUST).
- Must have knowledge of IFRS-17.
- Strong financial, accounting, and managerial skills.
- Strong ability to implement and monitor internal controls.
If you believe your experience, competencies and qualifications match the job and role specifications described; send your application letter (stating the POSITION YOU ARE APPLYING for and your current and expected pay) & updated CV (with details of at least 3 referees one of which must be immediate or former supervisor) addressed to the Chief Executive Officer to reach us on or before 17th April 2025 by email to: [email protected].
N/B: Due to the urgency to fill the positions, shortlisting will be done on a rolling basis.
