Finance Manager

The role exists to oversee and manage the financial operations and reporting, ensuring the company's financial stability and compliance with regulatory requirements. This role involves developing and implementing financial strategies, analyzing financial performance, and providing insights to support strategic decision-making. The Finance Manager is responsible for budgeting, forecasting, financial analysis, and optimizing financial processes, all while supporting the organization's overall goals and ensuring effective communication with internal and external stakeholders within the Bancassurance context

Key Responsibilities

• Preparing quarterly and annual board paper on financial report and present to board.

• Preparation of financial report in line with IFRs

• Advisor to the entire organization on all financial matters.

• Cash flow management.

• Daily management, training and guiding of finance team.

• Ensuring that all relevant taxes such as VAT, withholding taxes, instalment taxes are submitted on time.

• Ensuring company compliance with all the regulatory requirements such as KRA, IRA, NSSF, NHIF etc.

• Overseeing credit control function.

• Formulation and implementing of policies and procedures for the finance department.

• Investments decision maker in liaison with Investment Committee.

• Periodical review of general ledgers and bank accounts of the Bancassurance.

• Approval of all payments of the organization in line with the policies and procedures of the organization.

• Overseeing daily operations of the finance and administration department.

• Preparing weekly, monthly, quarterly, and annual financial reports that comply with all the relevant regulations and submitting the same to all the relevant users.

• Liaison person on all financial issues with the third parties such as insurance companies, Equity group

• Coordinating budgeting processes for the organization and monitoring of the same.

• Coordinating compliance, Risk and both internal and external audit Reviews.

Qualifications

Qualifications and Experience

• Bachelor of Commerce Accounting degree 

• CPA (K) or ACCA professional qualification.

• Member of ICPAK or Accounting body and in good standing.

• Accounting, Audit and (or) Actuarial background

• A minimum of six (6) years of post-qualification

• Experience with at least three (3) years in a management position

Key Competencies & Skills

• Knowledge or experience in the Insurance industry accounting practices. 

• Good working knowledge and understanding of International Financial Reporting Standards with a good understanding of IFRS 17

• Excellence in Data Analytics will be an added advantage.

• Demonstrate alignment with Equity culture and values.