Finance Job in Nairobi, Kenya

Our client a leading Insurance group seeks to on-board a Finance Manager – Life
Business
 to provide effective management of the Life Business’
financial resources and ensure timely reporting in line with the group’s
timelines.


Location: Nairobi, Kenya

Reporting Line: Group CFO &
Managing Director Life Business

He/she will be tasked with advising the board on key financial
matters and ensure that the business is meeting its financial obligations and
drive financial performance of the business.

Key Responsibilities:

·        
Strategic Orientation: Assist the formulation of the strategic
business plans and develop the financial and tax strategies. Assist the MD in
monitoring and directing the implementation of the strategic business plans,
financial and tax strategies. Develop financial performance measures in the
business that support the company’s strategic direction.

·        
Advisory: Advise the management and the board on financial
matters and lead financial decisions affecting the life business and its
financial performance.

·        
Systems Management: Lead the implementation of robust accounting
systems that are embedded with appropriate controls to help safeguard the
company’s assets and ensure accurate and timely reporting.

·        
Audit Management: Liase with external auditors on audit
activities of the company and drive the implementation of their key
recommendations. Work with the internal audit team to facilitate frequent
internal audits with an aim to address key gaps in the business.

·        
Budget management: Direct the preparation of annual budgets and
long term business plans and ensures all departments and units in the Life
business comply with budgetary provisions and monitor the utilization. Lead the
financial forecasts for the business based on the business financial
performance and strategic direction.

·        
Treasury Management: Establish and monitor the implementation of
an effective and robust treasury management system that secures company funds
whilst maximizing profitability and facilitating effective cash flow
management, compliance with the insurance act and investment guidelines;

·        
Cash flow Management: Manage the company’s cash flows in order
to meet all liabilities as they may fall due and provide effective asset and
liability management in order to match the maturity profiles of assets and
liabilities;

·        
Policy Development: Manage the development of key financial
policies and controls and drive their implementation including the company’s
credit policy and effective follow up of debts;

·        
Investment Management: Develop robust investment strategies that
are aligned with the business plan and advice the management on business
investments that yield the maximum financial returns. Appraise property
investments to ensure required rate of return is achieved and ensure all
properties are well maintained and all services are provided.

·        
Compliance: Ensure compliance with statutory provisions in
respect to financial reporting, taxation, other statutory payments and
insurance act. Oversee timely filling all necessary returns with the registrar
of companies.

·        
Financial Reporting: Ensure timely preparation of annual
financial reports and presentation of the same to the board and key
shareholders. Review monthly management information and provide sound financial
management reports to the management team. Ensure that record keeping meets all
the financial requirements of auditors, regulatory agencies and other
stakeholders.

Key Competencies

·        
Strategic Thinking;

·        
Leading & Managing people;

·        
Commercial Acumen;

·        
Relationship & Stakeholder Management; and

·        
Technical Competence/Financial Acumen.

Qualifications

·        
Bachelor’s Degree in Finance or Business or related field; a
master’s degree is an added advantage;

·        
A professional qualification in ACCA or CPA (K);

·        
A minimum of 5 – 7 years of practical Accounting & Financial
Management with at least 3 years’ experience at a senior level;

·        
Experience and exposure in the insurance industry and life
business is preferred;

·        
Strong appreciation of finance and technical aspects of the
role, experience working with different expertise in the business to drive the
achievement of the business’ financial objectives;

·        
Good understanding and advance level competence in Microsoft
Office tools and exposure to working with an ERP system;

·        
Experience playing at a strategic level of the business whilst
driving key business decision is an added advantage;

·        
Ability to drive the team’s performance towards the achievement
of a common goal;

·        
Proven experience working with varied stakeholders across the
business and balancing their various needs, group exposure is a plus.

How to Apply

If you are qualified and up to the challenge please apply by
sending an email to [email protected] with the subject Finance Manager –
Life Business by 5pm 27th July 2020

Kindly attach your CV in word format.

Only shortlisted candidates will be contacted.
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