Head of Finance & Strategy at Old Mutual Kenya

Your time is now to be your exceptional best at Old Mutual!

Job Description

Finance Operations                                                

• Effective management of suppliers payments, timely and accurate statutory payments, utility bills and all supplier payments
• Oversight on Petty cash & imprest administration ensuring branches are adequately replenished at all times.
• Management of staff advances and settlements.
• Liaising with Procurement & Admin Manager ensuring that Creditors and suppliers are managed satisfactorily.
• Liaising with internal and External Auditors in carrying out periodical and Year end Audits respectively.

Internal Controls & Bank Reconciliations

• Ensuring that all control account reconciliations are carried out on a timely basis for all control accounts and reconciling items are dealt with on time.
• Ensuring that all bank reconciliations are carried out on a timely basis, investigations done on outstanding items and cleared.
• Ensure good bank relationship management for purposes of correction and issuing of paying instructions.
• Ensuring that all fixed assets are adequately recorded, reconciled and reported. Budget Preparations and Business planning
• Involved in Business planning and budget preparation.
• Budget control and monitoring by ensuring the budget holders take charge of their costs and through variance reports.
• Support and/or undertake cost benefit analysis on all expenditures and investments. Taxation                                                
• To ensure that monthly Tax computations are prepared and made on time such as PAYE, reverse tax and withholding tax.
• Perform a quarterly tax health check.

Leadership

• Mentor and develop the team, managing work allocation, training, problem resolution and leave management.

Financial Reporting

• Provide timely and accurate financial reporting, and feedback to various stakeholders i.e Executive Management, Board, CBK and Group.
• Responsible for the maintenance/accuracy and correctness of the company’s general ledger.
• Timely and accurate monthly branch and sector reports.
• To ensure timely and accurate integration of data from all peripheral systems and T24 into Great Plains for reporting purposes.

Revenue Assuarance

• Revenue optimistion initiatives implementation
• Revenue assurance audits.   
• Daily &Monthly review of interest rates to ensure they are captured correctly.  
• Ensuring compliance to revenue assurance control measures.
• Products set up and review.

Bankwide AML, KYC & CFT Responsibilities

• Communicating and reinforcing the AML-CTF compliance culture established by the board
• Implementing and enforcing the board-approved AML, KYC & CFT policy within the Department, Unit or Branch

Skills and Experience

HEAD OF FINANCE

Education

Bachelor of Commerce (BCom): Finance (Required)