Reporting to the Chief Finance Officer, this will will take charge of the budgeting process and monitoring of performance against budgets, IRA reporting compliance and preparation of timely and accurate management accounts. The position will work closely with other departments to facilitate participative approaches to financial reporting, forecasting and budgeting.ResponsibilitiesControl Environment & FrameworkManage the monthly financial close process and preparation of monthly management accounts as per the reporting timetablePreparation of annual audited financial statements and disclosure notesIFRS 17 continued implementation and operationalizationProvide support in addressing audit queries relating to financial reportingPreparation of statutory returns to the Insurance Regulatory Authority (monthly, quarterly, and annual returns) while ensuring their timely submission and other compliance matters as required by IRASupport the CFO in budgeting, enforcement of budgetary controls and tracking performance against budgetContribute to financial forecasts, financial adjustments, written explanations for variances to forecasts and analysing options to enable budget holders make informed decisions on financial viability in order to implement remedial measures for changing course back to planEnsure that cost allocations across business lines, departments and branches are accuratePreparation of Board packs and other ad hoc reportsPack reporting to Group Finance within deadlines for consolidation reportingParticipate in the month-end and year-end closing processes, ensuring adherence to tight deadlines and accuracy in financial reportingAny other duty assigned by managementAudit & ComplianceEnsure adherence to audit requirements and implementation of audit recommendationsEnsure adherence to regulatory and compliance requirementsQualificationsExperienceSkills/CompetenciesUndergraduate degree in finance, accounting or related fieldMasters degree in a business related discipline is an added advantageProfessional qualification : CPA (K) or ACCAMember of the Institute of Certified Public Accountants of Kenya (ICPAK)Relevant insurance industry experiencePractical exposure to internal and external audits, budgeting, reporting and preparation of annual statutory financial statementsPrevious working experience in a Big 4 audit firm is an added advantageStrong understanding of technical accounting relating to the new IFRS 17Deep understanding of various types of reinsurance treaties and impact on the company's performance and solvencyStrong communication skills (both written & oral) and interpersonal skills to effectively work with different departmentsStrong analytical, planning and organization skillsProven ability to perform well under pressure and regularly meet strict deadlines a fast-paced environmentExcellent spreadsheet skills (Excel)Time Management: Ability to handle multiple priorities, organize work and meet deadlinesAttention to detail: Maintain accuracy of workCommunication: Effective communication skills at all levels of businessStrong team player
