Job description
Job Details
Finance: Budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.
Job Purpose
To ensure the overall integrity and accuracy of SIAL’s General Ledger as a basis for the preparation of Financial and Management Reporting.
Custodian of the General Ledger, Chart of Accounts, and the central repository for all Financial and Management information for SIAL.
Preparation of statutory financial reports and ensuring compliance with regulatory requirements.
Develop relationships with business and provide value added data and input from Finance to better promote the role of finance and to minimise potential audit issues.
Key Responsibilities/Accountabilities
Decision support
Provide reliable information and reports to SIAL MANCO, CIB MANCO, PBB EXCO, Wealth EXCO and Principal Officer to enable them to meaningfully direct the business.
To participate in setting the SIAL finance strategy and objectives.
Attend SIAL’s MANCO meetings and clearly articulate financial issues.
Accounting hygiene
Being the custodian of the General Ledger, Chart of Accounts, and the central repository for all Financial and Management information for SIAL.
Liaison and financial advisory services to business.
Ensuring that all SIAL’s internal and external reporting requirements are timeously met, including preparation of monthly and quarterly accounts, Group Accounts and Statutory Annual Financial Statements.
Monthly detailed review of the SIAL’s balance sheet and income statement to ensure resilience of reported results.
Preparation of monthly commentaries on SIAL results, including investigation into inconsistent and/or major variances.
Reconciliations of all relevant accounts and where necessary ensure corrective actions are taken timeously.
Manage the processing, payment and reconciliation of all suppliers.
Manage all aspects of fixed asset accounting, ensuring that amounts ultimately recorded in the general ledger are correct.
Business partnership
Understand the business information needs and align this with management information needs.
Co-ordinate Technical Advice and Accounting support to SIAL.
Budgeting and forecasting
Participate in the development of the annual budgeting process.
Translating the annual budget into targets that are easily understood by the business teams.
Monitoring actual performance versus budget and communicating reasons for the variance.
Governance and control
Maintaining financial policies and procedures.
Management of agreements for services outsourced to other Group entities and ensure SLA’s are in place for delivery of the support.
Understanding the insurance regulatory framework and ensuring compliance with regulatory requirements.
Facilitate internal/external regulatory audits by coordinating provision of information required.
Ensure maintenance of and adherence to Group/Bank accounting policies and procedures.
Monitoring tax compliance and highlighting areas of risk.
People
Playing a leading role in coaching and developing other finance team members.
Succession planning so as to ensure business continuity.
Preferred Qualification And Experience
Undergraduate degree with bias in Finance, Insurance, Banking or a Business related field.
CPA (K), ACCA, or any other relevant qualifications.
Minimum of 5 years post qualification experience.
Knowledge/Technical Skills/Expertise
Good knowledge of Accounting principles & Budget planning and reviews.
A good background in an internal controls function within the financial sector.
Computer literacy and knowledge of personal computers and software. packages such as MS Word, MS Excel, MS PowerPoint, MS Access.
Strong communication and presentation skills at a senior level.
Strategic planning and management experience.
Experience in change management and has the ability to positively lead change.
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