Manager - Financial Reporting (Insurance) at HF Group

Principle Accountabilities

Management Reporting

• Ensure end of month processes and procedures are adhered to and period close done as per the policy
• Ensure efficient and effective accruals for costs yet to be booked by the last day of each month
• Prepare the management reports
• Ensure that the TBs are reliable
• Investigate system anomalies and work with system teams and vendor to resolve system issues
• Ensure end of year processes and procedures are adhered to and year close done as per the pol
• Performing monthly comparative statistical analyses of financial numbers, following up on unusual variances with business teams, and preparing highlights of the major variations

Financial Reporting

• Prepare the financial reports to senior management and the board.
• Prepare the audited financial reports for the insurance business, inactive entities and support with the consolidated financials
• Preparation and submission of all relevant regulatory reports
• Provide guidance on accounting requirement (IFRS) for insurance business and consolidations
• Facilitate cross-functional learning programs on new accounting, reporting requirements

Coordination of internal and external audits

• Ensure audit schedules requested by the auditors are timely provided.
• Articulate management judgement to external and internal auditors on reporting standards, regulatory guidelines and internal controls
• Ensure audit queries are handled and where necessary escalations done.
• Assist to close finance related matters raised by external auditors.

Credit control

• Oversee premium collection & reconciliations
• Ensure cover notes / policies lapse if premium timelines are breached
• Provide guidance on and enforce approved credit periods for policyholders and employers

Principal Output for this Role

• Monthly management reports
• Quarterly publications
• Internal and external audit liaison

Key Competencies and Skills

• Advanced Ms Excel proficiency
• Good understanding of IFRS 17
• Good understanding of IRA regulations relevant to reporting
• Excellent analytical skill
• Ability to meet stringent deadlines
• Good negotiation and interpersonal skills

Minimum Qualifications, Knowledge and Experience

Qualifications - Academic & Professional

• Degree in business related field
• CPA(K)
• Registered member of the ICPAK

Experience

• At least 5 – 7 years’ experience in financial reporting (of which at least 3 must have been in insurance and at least 2 preferably in banking financial reporting)
•  Advanced Ms Excel proficiency
• Good understanding of IFRS 17
• Good understanding of IRA regulations relevant to reporting
• Experience in external audit for insurance companies and banks will be an added advantage
• Prior user experience in SAP will be an added advantage