Careers at Jubilee Insurance

Job Ref. No: JLIL 257

Role Purpose

The role holder will be responsible for overseeing the administration of funds, including the management of unit-linked funds, segregated funds, and other investment portfolios. The role holder will also ensure the precise and timely processing of fund transactions, meticulous maintenance of financial records, and the delivery of comprehensive reports. The role holder will collaborate closely with both internal teams and external partners to uphold regulatory compliance and company policies, all while striving to optimize fund performance and achieve exceptional levels of client satisfaction.

Main Responsibilities
Operational

• Oversee the daily administration of investment-linked funds, ensuring accurate and timely processing of fund transactions.
• Monitor fund performance, track Net Asset Values (NAV), and manage fund pricing in line with market movements and investment strategies.
• Coordinate with the investment team to ensure that fund allocations align with investment guidelines and objectives.
• Ensure the accurate processing of fund subscriptions, redemptions, and switches, including verification of fund unit allocations.
• Handle the reconciliation of fund accounts, including cash flow management and the settlement of fund trades.
• Manage the distribution of dividends and other payouts to policyholders and fund investors.
• Prepare regular financial reports, including fund performance summaries, unit pricing reports, and valuation statements.
• Maintain accurate and up-to-date financial records for all investment linked funds, ensuring compliance with accounting standards and company policies.
• Provide accurate and timely information to the Management, underwriting and business development teams regarding fund performance, unit prices, and other fund-related inquiries.
• Address underwriting and business development queries and issues promptly, ensuring a high level of service and satisfaction.
• Collaborate with the customer service and marketing teams to enhance client communications and fund-related content.
• Ensure the efficient operation of fund administration and fund management systems, including the setup and maintenance of fund structures within the system.
• Work with IT teams to implement system enhancements and resolve any technical issues related to fund management.

Corporate Governance

• Adhere to regulatory requirements and internal policies, ensuring compliance in all aspects of insurance servicing.
• Implement and uphold robust data protection and privacy practices, safeguarding customer information and ensuring confidentiality.
• Participate in audits and internal control assessments, addressing any identified gaps or issues promptly.
• Compliance. Stay updated with insurance regulations and underwriting best practices to ensure compliance with industry standards.
• Adherence to the laws and regulations of Kenya, the policies and regulations within the insurance industry and all internal company policies and procedures.
• Ensuring compliance with applicable statutory and regulatory requirements and establishing mitigation measures against emerging business risks.

Culture

• Foster a corporate culture that promotes ethical practices and good corporate citizenship.
• Collaborate with cross-functional teams to develop initiatives that promote a positive and inclusive company culture.
• Create personalized development plans that align with career aspirations and the organization's objectives.
• Provide transformational leadership to meet and surpass stakeholder expectations.

Key Competencies

• Attention to Detail. Ability to maintain accuracy in fund transaction processing, financial reporting, and recordkeeping.
• Analytical Skills. Strong analytical skills to monitor fund performance, identify trends, and make data-driven decisions.
• Communication Skills. Excellent verbal and written communication skills to interact effectively with clients, brokers, agents, and internal teams.
• Problem-Solving. Ability to identify issues quickly and implement effective solutions in fund administration processes.
• Team Collaboration. Strong teamwork and interpersonal skills to collaborate with cross-functional teams, including
• IT, investment, and customer service departments.

Academic Background & Relevant Qualifications

• Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
• Professional qualifications such as CPA, CFA, or equivalent are an added advantage.
• Minimum of 2-3 years of experience in fund administration, financial management, or a related role within the insurance or financial services industry.
• Experience with fund management systems and regulatory compliance is essential.

go to method of application »

Job Ref. No: JLIL 256

Role Purpose

• The role holder plays a pivotal role in ensuring accurate and compliant financial reporting. This role focuses on preparing financial statements, analysing financial data, and supporting the Senior Manager - Finance in maintaining transparency and integrity in financial reporting processes.

Main Responsibilities

Strategic

• Financial Analysis and Insights. The role holder contributes to informed decision-making at various levels of the organization. The role holder involves presenting financial information in a format that allows management toidentify trends, assess performance against targets, and make strategic adjustments as needed.
• Proactive Financial Risk Management. The Senior Manager must identify, assess, and mitigate financial risks tosafeguard the company's financial stability. Strategic outputs involve developing and implementing riskmanagement strategies to protect the company from interest rate risk, market risk, credit risk, and other potential financial exposures. Effective risk management ensures the organization can weather economic uncertainties and potential shocks in the financial markets.
• Process Improvements. The Senior Manager continuously assesses and improves financial reporting and accounts payable processes to enhance efficiency and accuracy. This strategic output optimizes resource utilization, reduces processing time, and enhances overall financial operations.

Operational

• Financial Reporting. Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements, in accordance with relevant accounting standards. Collaborate with accounting teams to gather necessary data and ensure alignment with reporting requirements.
• Analysis and Insights. Analyse financial data to identify trends, anomalies, and areas that require further investigation. Provide insights to support senior management in understanding financial performance and making informed decisions.
• Compliance and Regulatory Reporting. Ensure compliance with accounting standards, regulatory requirements, and industry guidelines in financial reporting. Collaborate with regulatory and compliance teams to fulfill reporting obligations to relevant authorities.
• Variance Analysis. Perform variance analysis to compare actual financial results against budgets, forecasts, and previous periods. Investigate and explain significant variances to management and stakeholders.
• Financial Disclosures. Assist in preparing financial disclosures and footnotes for external financial statements, ensuring transparency and accuracy.
• Financial Consolidation. Participate in the consolidation process, reviewing financial data from multiple entities to produce accurate consolidated financial statements.
• Process Improvement. Identify opportunities to streamline financial reporting processes, enhance efficiency, and improve data accuracy.
• Internal Controls. Collaborate with internal audit and control teams to ensure proper implementation of internal controls related to financial reporting.
• Ad hoc Projects. Contribute to special projects related to financial reporting, such as system upgrades, process enhancements, and new accounting standard implementations.

Corporate Governance

• Compliance. Stay updated on emerging trends, best practices, and industry benchmarks related to IFRS17 implementation and compliance.
• Adherence to the laws and regulations of Kenya, the policies and regulations within the insurance industry and all internal company policies and procedures.
• Ensuring compliance with applicable statutory and regulatory requirements and establishing mitigation measures against emerging business risks.

Leadership & Culture

• Building the team capabilities and ensuring adequate succession planning within the department. Conduct training sessions and workshops to educate finance and accounting teams on the requirements and impacts of IFRS17.
• Fostering a corporate culture that promotes ethical practices and good corporate citizenship while maintaining a conducive work environment.
• Collaborate with cross-functional teams to develop initiatives that promote a positive and inclusive company culture.
• To provide the much-needed transformational leadership to meet and surpass the expectations of stakeholders.
• Provide expertise and guidance to finance and accounting teams on the interpretation and application of IFRS17 standards, ensuring consistent understanding and implementation across the organization.

Key Competencies

• Strong understanding of insurance accounting principles and practices.
• Financial reporting and analysis skills.
• Excellent Analytical and problem-solving skills to assess complex financial issues and develop appropriate solutions.
• Excellent project management skills
• Financial Acumen. A deep understanding of financial markets, investment strategies, and financial risk management
• principles within the life insurance industry.
• Analytical Skills. Strong analytical abilities to assess financial data, market trends, and risk exposures to make informed decisions.
• Strategic Thinking. Ability to align treasury strategies with the company's financial objectives and long-term business plans.
• Leadership. Effective leadership skills to manage the treasury team and collaborate with other departments.
• Communication and Relationship Management. Excellent communication skills to interact with stakeholders and build strong relationships with financial partners.
• Problem-Solving. Proficiency in identifying and resolving complex financial and treasury-related challenges.

Academic Background & Relevant Qualifications

• Bachelor’s degree in Finance, Accounting, Business or any other related course
• Master’s Degree in Finance, Accounting or a Business-related course will be an added advantage
• Minimum of 4-6 years of experience in finance and accounting roles, including experience in financial reporting and compliance.
• Significant experience in the insurance industry and knowledge of insurance accounting standards.
• Experience in leading and managing cross-functional projects or initiatives.
• Proven experience in a leadership or managerial role. Minimum of 4 years.