Job Purpose:
The role holder will be responsible for Accounts payable & Disbursement, Reinsurance Accounting, Tax filing & Payment, Receipting of all company collections, Intercompany, Fixed Assets accounting, Bank & General Ledger reconciliations.
Key responsibilities:
Collaborate with retail segment lead to ensure strong controls and manage financial risks as well timely financial planning and reporting for Life products.
Support Financial analysis and reporting for Life and communicate financial results in an accurate and timely manner.
Build strong financial controls for all business process to minimize risks and meet legal and audit requirements.
Manage, direct, and develop performance of the Financial Operations and Credit Control Associates.
Ensure manual payments uploads in ERP are reviewed and approved by the respective operations teams’ functions including; Commissions, Claims, Reinsurance and other service providers.
Review and approve tax returns and payments in line with the KRA tax requirements including; Excise duty, VAT, WHT, PAYE, Stamp duty and Corporation tax.
Ensure funds received are receipted including; premiums, rent, assets disposals, loans & mortgages, reinsurance recoveries and monitor unallocated funds within acceptable risk parameters.
Review Fixed Assets register and movement schedule and ensure month end activities including; disposals, additions, depreciation/amortization and revaluation are performed.
Compliance with the Insurance Act and Regulations ensure that all IRA and other Regulatory Authorities related compliance guidelines are adhered to.
Aid the preparation of the annual accounts and financial statements in compliance with the Insurance act, Kenya’s companies act and IFRS in liaison with the Budgeting and Reporting Team.
Liaising with External Auditors during Interim & final Audits by ensuring that all the schedules are prepared and submitted on a timely basis.
Coordinate the implementation of Internal and External Audit issues within the agreed timelines.
Review monthly Intercompany reconciliation and ensure collection and payments where necessary with the relevant Subsidiaries.
Review and approve monthly Bank and other General Ledger reconciliations
Maintain and strengthen internal controls over financial reporting.
Research and resolve accounting issues including evaluation and implementation of new accounting standards.
Perform any other duties as may be assigned from time to time.
Ad hoc reports as may be required from time to time.
Delegated Authority: As per the approved Delegated Authority Matrix.
Provide training, coaching and guidance to staff appropriately to facilitate personal growth.
Key Performance Measures:
Timely Financial Reporting.
Cost savings on budget.
Reconciliation preparation and review.
Knowledge, experience and qualifications required
Bachelor’s degree in a business-related field.
MBA will be an added advantage.
CPA (K) or equivalent Qualification.
5 – 7 years of relevant experience.
Membership of accounting professional body.
Sound knowledge and well-developed Information Communication and Technology (ICT) skills with hands on experience with computerized accounting applications such as AIMS, ERP systems and Microsoft office software (word, excel, PowerPoint).
Experience and ability to establish and maintain effective working relations within a team and colleagues from diverse cultural and professional backgrounds with the ultimate aim of achieving organizational goals.
Excellent organizational and planning skills; ability to identify priority activities and assignments and ability to make necessary adjustments as required.
Proven ability to transfer knowledge to other staff colleagues at all levels into practical and beneficial use; strong interpersonal skills demonstrated by the ability to lead and gain the assistance and cooperation of others in a team endeavor.
Possess an innovative mind, a positive attitude and motivation to acquire new knowledge.
Technical/ Functional competencies:
Knowledge of insurance regulatory requirements.
Knowledge of insurance products.
Sales and marketing management skills.
Apply via :
britam.taleo.net
