PURPOSE:
Responsible for the overall financial reporting, cost control, budgeting, regulatory and statutory compliance, cash flow management, safeguarding the assets with an aim of attaining profitability for the subsidiary.
PRIMARY RESPONSIBILITIES:
Review for adequacy operational and financial controls in the business (systems, processes and people) and recommend changes to the management;
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;
Prepare and compile company budgets annually and analyse financial reports and report variance against budget on a monthly basis;
Approve payments and check that all accounting transactions are posted to the correct cost centres;
Coordinate external and internal audits;
Manage cash flows, control costs and action on audit recommendations;
Liaise with external stakeholders e.g. banks, IRA, KRA towards enhancement of company operations.
GENERIC DUTIES
Carry out performance appraisal, coaching and mentoring staff;
Resource allocation, staffing and leave approval;
Participate in planning and budgeting for the department;
Participate in various meeting and committees and acting as spokesperson on behalf of the company.
PERSON SPECIFICATIONS
Academic Qualifications
Bachelor’s degree in Finance, Accounting, Business or in a related field.
A Master’s degree an added advantage
Professional Qualifications
CPA (K) or ACCA/CFA is a requirement
Experience
Minimum of eight (8) years’ relevant experience in a similar position, three (3) of which at supervisory level
Skills and Attributes
Excellent communication and presentation skills
Problem solving skills
Excellent interpersonal skills
Leadership skills
Good analytical skills
Computer literate in MS Office and other office applications
Knowledge of Business Environment
Apply via :
cic.co.ke
Leave a Reply