Senior Finance Manager - General Business at CIC Insurance

PURPOSE:

Responsible for the overall financial reporting, cost control, budgeting, regulatory and statutory compliance, cash flow management, safeguarding the assets with an aim of attaining profitability for the subsidiary.

PRIMARY RESPONSIBILITIES:

• Review for adequacy operational and financial controls in the business (systems, processes and people) and recommend changes to the management;
• Review and file returns to the regulator and other statutory bodies on monthly, quarterly and yearly;
• Review the completeness of the asset register and confirm that it is in line with the company accounts;
• Confirm investment in company assets are within company investment policy statement and guided by the Insurance Act and advice the fund management monthly;
• Review management and financial reports for completeness and preparation of board papers on a monthly and quarterly basis respectively;
• Prepare and compile company budgets annually and analyse financial reports and report variance against budget on a monthly basis;
• Approve payments and check that all accounting transactions are posted to the correct cost centres;
• Coordinate external and internal audits;
• Manage cash flows, control costs and action on audit recommendations;
• Liaise with external stakeholders e.g. banks, IRA, KRA towards enhancement of company operations.

GENERIC DUTIES

• Carry out performance appraisal, coaching and mentoring staff;
• Resource allocation, staffing and leave approval;
• Participate in planning and budgeting for the department;
• Participate in various meeting and committees and acting as spokesperson on behalf of the company.

PERSON SPECIFICATIONS

 Academic Qualifications

• Bachelor’s degree in Finance, Accounting, Business or in a related field.
• A Master’s degree an added advantage

Professional Qualifications

• CPA (K) or ACCA/CFA is a requirement

Experience

• Minimum of eight (8) years’ relevant experience in a similar position, three (3) of which at supervisory level

Skills and Attributes

• Excellent communication and presentation skills
• Problem solving skills
• Excellent interpersonal skills
• Leadership skills
• Good analytical skills
• Computer literate in MS Office and other office applications
• Knowledge of Business Environment