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  • Posted: Jun 3, 2022
    Deadline: Jun 3, 2022
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    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
    Read more about this company


    IFRS 17 - Finance Lead


    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


    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 to apply

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