Overall Purpose Of The Job
The Finance Manager is responsible for managing and providing leadership to the finance department, ensuring that all financial systems and reporting, internal controls, budgeting, analysis and customer service (underwriting) are conducted and delivered in an accurate and timely manner.
Job Responsibilities
Participate in the development of the corporate strategy and implement operational policies and corporate plans.
Develop annual budget and plans including forecasts and/or projections
Evaluate, utilize, and improve accounting system to enhance functionality of financial management and reporting
Review and implement accounting policies and procedures to ensure stronger internal controls;
Provide accurate and timely financial and management reports where appropriate;
Monitor and control the flow of cash receipts and disbursements to meet the business and investment needs of the company.
Oversee investments and income
Prepare audit schedule and liaise with external auditors for periodic audit and inspections;
Manage the acquisition of capital assets and ensure that assets are properly tagged, amortized, and disposed of as appropriate
Establish rapport and communication with banks fund managers and other key stakeholders;
Timely preparation and submission of returns to regulatory and statutory authorities
Prepare and submit returns to Insurance Regulatory Authority (IRA) and Association of Kenya Insurers (AKI);
Document and maintain complete and accurate supporting information for all financial transactions;
Implement and continuously update departmental workflows for Finance and Underwriting in order to strengthen internal controls
Provide guidance and direction to staff in accordance with the company policies, procedures, processes and systems in place.
Review and submit financial records, receipts, payables and cash flows in a timely manner;
Any other responsibilities that will be communicated from time to time
Qualifications
University degree Finance, Economics or Accounting or equivalent from an institution recognized by Commission for Higher Education
Master’s degree preferably MBA will be an added advantage
CPA (K) or equivalent;
Member of ICPA(K)
MUST have at least seven (7) years’ experience in a busy commercial environment, three (3) of which must be at senior management level.
Finance & Strategic Planning experience preferably in an insurance company
Excellent knowledge and understanding of contemporary financial principles and practices and reporting
Experience in Financial Management Systems
Business/Department strategy formulation and execution
Supervisory and leadership skills managing team/department performance and staff
Skills and Attributes
High attention to detail and excellent analytical skills
High integrity and ethical level; Able to maintain utmost confidentiality of information in their possession
Excellent communication, interpersonal, negotiation and presentation skills
Self-motivated, confident and outgoing personality
Have great attention to detail and able to get things done to completion
Remuneration
Our client offers all the advantages one would expect from an industry leader including a competitive salary and a comprehensive benefits package.
Our client is an equal opportunities employer.
