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  • Posted: Jun 3, 2022
    Deadline: Jun 3, 2022
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    CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi
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    IFRS 17 - Finance Lead

    PURPOSE:

    The role holder will work lead the IFRS17 workstream, with the responsibility for financial standards implementation within strict timelines, system set-up, user acceptance testing, dry run and go live.

    Main Responsibilities

    • Lead in defining the General ledger principles, User Requirements and functional specifications
    • Working with the different teams to define the General ledger interphase design and the implications against the existing systems.
    • Design the end-to-end expense classification and allocation as well as developing the expense mapping tables
    • Design and develop the end-to-end reconciliation of IFRS 17 data and results
    • Design and work with the various stakeholders to build the end-to-end accounting posting rules framework
    • Develop the IFRS 17 Chart of accounts, both at subledger level and General ledger
    • Develop the mapping between the Subledger, General Ledger and ETL to Source systems
    • Design and Develop the Financial Statement templates and Disclosures required for IFRS17 Reporting
    • Design coding, structuring of and data sources for Reporting and Disclosures templates
    • Support stakeholders with financial inputs: Finance, appointed actuary and audit/ assurance teams on IFRS17 reporting within monthly, quarterly and end year reporting timelines

    Key Deliverables

    • Fulfill IFRS17 implementation for the Group
    • Full end to end financial reporting under IFRS 17 with reconciliations to IFRS 4 reporting

    PERSON SPECIFICATIONS

    Academic Qualifications

    • Master level MBA,MSC will be an added advantage
    • Bachelor’s Degree in Accounting, Statistics, Mathematics or any other related field

    Professional Qualifications

    • Professional accounting qualification CPA/ACCA is a mandatory requirement
    • Minimum of three (7) years’ relevant experience, with at least (2) of which is at a supervisory level.
    • Experience in both General and Life Insurance is an added advantage
    • Audit firm background and experience is an added advantage

    Skills and Attributes

    • Entrepreneurial Spirit
    • Market Awareness
    • Customer Focus
    • Continuous Innovation
    • Ownership and Commitment
    • Team Spirit

    Method of Application

    Interested and qualified? Go to CIC Insurance on cic.co.ke to apply

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