Assistant Director, Finance at Insurance Regulatory Authority (IRA)

Job Specifications

Duties and responsibilities will entail:

• Developing and implementing sound financial management regulations, policies, procedures, strategies, and plans.
• Providing strategic financial leadership and advice to management.
• Ensuring effective and efficient use of financial resources.
• Planning and coordinating timely preparation of annual Work Plans, Performance Contracting, budget estimates and cash flow projections.
• Undertaking budgetary and cost control assignments.
• Monitoring budget implementation, cost control and expenditure trends.
• Reviewing of the fixed assets register of the Authority.
• Review the monthly payroll and recommend for approval.
• Undertaking Revenue and Treasury Management and reporting.
• Supervising Maintenance of books of account and other financial records.
• Undertaking Annual and medium-term budget projections preparation, Budget Implementation, Monitoring and Review.
• Developing and implementing Internal Financial Controls.
• Preparing financial reports, quarterly and annual financial statements and ensuring submission to relevant institutions as prescribed in the PFM Act 2012 and other regulations and circulars.
• Analysing and interpreting financial reports and other accounting records.
• Maintaining accurate and complete financial records of the Authority and regularly review the financial system.
• Undertaking financial risk management.
• Ensuring compliance with applicable financial statutory obligation and circulars.
• Undertaking Tax planning and management.
• Facilitating and coordinating external and internal audits.
• Preparing and presenting finance-related board and senior management papers.

Person Specifications

For appointment to this grade, an officer must have:

• Nine (9) years cumulative relevant work experience, three (3) of which should have been in the grade of Principal Accountant or in a comparable and relevant position.
• Bachelors in any of the following: Commerce (Accounting or Finance option), Business Administration (Finance or Accounting option) or equivalent qualifications from a recognized institution.
• Master’s degree in any of the following: Business Administration (Finance or Accounting option) or equivalent qualifications from a recognized institution.
• Part III of Certified Public Accountants (CPA) examination or equivalent qualification from recognized institution.
• Member of the Institute of Certified Public Accountants of Kenya (ICPAK) or any other equivalent professional body and in good standing.
• Leadership course lasting not less than four (4) weeks from a recognized institution.
• Proficiency in Computer Applications.

Competencies and skills

• Communication skills
• Interpersonal skills
• Analytical skills
• Report writing skills
• Presentation skills
• Conflict management
• Mentoring, coaching and leadership skills