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  • Posted: Jun 5, 2024
    Deadline: Jun 12, 2024
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.
    Read more about this company


    Audit Assistant

    Job Ref. No. JLIL 232 

    Role Purpose

    The role holder plays a vital role in supporting the Internal Audit function. The primary purpose of this role is to assist the internal audit team in conducting audits, evaluating internal controls, and ensuring compliance with policies and regulations. The role holder provides valuable assistance in gathering data, conducting testing, and preparing audit working papers.

    Main Responsibilities

    • Assist in planning and executing audit engagements under the guidance of senior auditors.
    • Participate in risk assessments and scoping exercises for assigned audits.
    • Gather and compile data relevant to the audit, including financial records, policies, and procedures.
    • Perform preliminary analysis of data to identify trends or potential issues.
    • Conduct audit tests as directed by senior auditors to evaluate the effectiveness of internal controls and compliance.
    • Prepare workpapers and documentation that support audit findings.
    • Review processes and transactions to ensure compliance with applicable laws, regulations, and internal policies.
    • Assist in identifying areas for process improvement and operational efficiency enhancements.
    • Collaborate with the audit team to identify potential signs of fraud and support fraud detection efforts.
    • Contribute to the preparation of clear and concise audit reports that outline findings and recommendations.

    Key Competencies

    • A keen eye for detail to accurately analyse data and identify discrepancies or irregularities.
    • Effective verbal and written communication skills to report findings and interact with team members.
    • The ability to analyze information and draw meaningful conclusions to support audit objectives.
    • Flexibility in handling changing priorities and diverse audit assignments.
    • Efficiently manage time and tasks to meet audit deadlines and requirements.


    • Bachelor’s degree in Business, Finance or any other related course.
    • CPA-K/ACCA, CIA, CISA Qualification
    • Relevant audit related certifications and/or experience with an audit firm will be an added advantage.

    go to method of application »

    Head of Finance

    Job Ref. No: JLIL 233

    Role Purpose

    The role holder will be responsible for providing strategic financial leadership and oversight to ensure the financial health, stability, and growth of the organization. The role will encompass formulating financial strategies, managing financial operations, ensuring regulatory compliance, and driving performance optimization to support the achievement of Jubilee Life Insurance Limited objectives

    Main Responsibilities

    •  Collaborate with the CFO to develop and implement financial strategies aligned with organizational objectives.
    •  Ensure financial benchmarks and targets are in line with Jubilee standards and effectively communicated across all business lines.
    •  Lead the budget process, ensuring budgets reflect strategic initiatives and support business goals.
    •  Support strategic decision-making by providing financial expertise and insights.
    •  Coordinate investment strategy with the Asset Management Company to optimize returns and manage Asset and Liability matching.
    •  Cultivate relationships with banks, financial institutions, and rating agencies to optimize financial partnerships and enhance the company's reputation.


    •  Ensure timely implementation of new accounting standards, including IFRS 17, and minimize impacts through detailed analysis.
    •  Set and evaluate targets to motivate the finance department and ensure performance management and budget targets are met.
    •  Coordinate with Internal Audit to ensure transparent review of audit findings and timely resolution.
    •  Oversee external auditors and actuary activities in collaboration with respective Heads of Departments.
    •  Ensure timely completion of statutory valuation and reserve calculations in coordination with internal and external actuaries.

    Controlling & Reporting

    •  Oversee delivery of annual audited financial statements and reports, analyzing financial data against plan and industry performance.
    •  Enhance utilization of financial and management information systems to support reporting and decision-making.
    •  Advise the CFO on financial matters impacting Jubilee Life Insurance Limited.
    •  Ensure timely delivery of reports required by regulatory and industry bodies.
    •  Establish and maintain financial business plans, monitoring variances and implementing corrective measures.
    •  Maintain effective financial models to support business planning.
    •  Implement systems for expense and capital management within budget.
    •  Establish and maintain financial controls, policies, and procedures to ensure accuracy, integrity, and compliance.

    Jubilee Life Brand

    •  Ensuring effective public relations and enhancing the company’s corporate image with all stakeholders and partners.


    •  Stay updated on finance-related regulations, compliance requirements, and best practices.
    •  Ensure adherence to laws, regulations, and internal policies within the insurance industry.
    •  Establish mitigation measures against emerging business risks and implement effective risk management strategies.
    •  Maintain internal controls to mitigate operational, financial, and regulatory risks.

     Leadership and People

    •  Provide transformational leadership to meet stakeholder expectations.
    •  Lead and guide the finance team to deliver on strategy and objectives.
    •  Foster a corporate culture of ethical practices and good corporate citizenship.
    •  Ensure adequate recruitment, development, and performance evaluation of finance staff.
    •  Conduct regular team meetings and training sessions to enhance skills and knowledge.

    Key Competencies

    • Strong Knowledge of Life Insurance Industry. Understands the intricacies of the life insurance sector, including products, underwriting processes, and regulatory compliance.
    • Financial Expertise. Possesses deep financial knowledge and analytical skills to provide insights and guidance on financial matters.
    • Leadership. Demonstrates strong leadership qualities to effectively manage and motivate the finance team.
    • Communication and Stakeholder Management. Excellent interpersonal and communication skills to interact with internal and external stakeholders effectively.
    • Risk Management. Proficient in identifying and mitigating financial risks to ensure the organization's financial stability.
    • Strategic Thinking. Ability to think strategically and contribute to the development of financial strategies aligned with organizational goals.
    • Revenue and Profit Growth. Demonstrated track record of driving revenue and profit growth through strategic financial initiatives.
    • Change Management. Capable of managing change and implementing financial processes and systems efficiently.
    • Business Acumen. Possesses a good understanding of business operations and how financial decisions impact overall performance.
    • Financial Reporting and Regulatory Compliance. Expertise in financial reporting standards and regulatory compliance requirements.

    Academic Background & Relevant Qualifications

    • Master’s in finance, Business Administration, Strategy, or any other related course
    • Bachelor’s degree in finance/business Related fields
    • CPA-K/ACCA/ CFA Qualification or equivalent
    • Minimum 3-5 years’ experience in a similar role
    • Have experience in operating in complex business environments and/or regulated sectors and have the personal qualities to develop strong stakeholder relationships.
    • Demonstrate ‘best in class’ knowledge of technology, change, process improvement and operational management in relevant businesses.
    • Experience in financial planning, budgeting, forecasting, financial analysis, and financial reporting within the insurance industry.
    • Experience in building high-performing teams, fostering a culture of collaboration, and providing guidance and mentorship to finance professionals.

    Method of Application

    If you are qualified and seeking an exciting new challenge, Please apply via quoting the Job Reference Number and Position 

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