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  • Posted: Jul 9, 2024
    Deadline: Jul 17, 2024
  • Never pay for any CBT, test or assessment as part of any recruitment process. When in doubt, contact us

    Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.
    Read more about this company


    Treasury Officer

    Job Description

    Provision of accurate and timely reconciliation of cash inflows and outflows for the  Old Mutual Group. Enforcing controls to ensure that company financial assets are  safeguarded. Provide accurate data for the preparation of annual financial  statements, Monthly management accounts and for financial audits purpose.


    •  Preparation of the Treasury Cashflow and Bank account balances.
    •  Facilitate funding of the Bank payout accounts for settlement of claims and other company obligations.
    •  Facilitate transfer of funds to custodial account for investment purposes  Ensure OMIG Team is advised on investments allocation of funds per respective class
    •  Preparation of Bank reconciliations and follow up on unreconciled items for the assigned accounts
    •  Preparation of the Life Bank File report and upload in the system
    •  Monitoring of unreceipted items report by reviewing the TE bank file  Monitoring of the NONTE Bank unreceipted amounts and funds received on behalf of other entities
    •  Sharing of bank statements to the business.
    •  Preparation of Journals on the cash and bank management module
    •  Ensure the bank mandates as per existing board resolution are updated by the banks
    •  Preparation of the Life Bid Bond and performance bond requests and ensure they are received on time
    •  Bank management relationship
    •  Bank accounts activations for claims and supplier payments on D365 within 24hrs
    •  Monthly Reconciliation/Substantiation of Treasury Control accounts and monies unidentified & unallocated ledgers
    •  Ensure the Treasury IBAM’s are identified under the risk tracker are monitored and resolved timeously
    •  Identification and updating of treasury Risks and events in CURA
    •  Resolution of all internal and external audit items
    •  Any other duties that may be allocated by management from time to time Controlled Disclosure


    •  Skilled in the Preparation of Statement of Financial Position, Income Statement, Cash Flow Statement within agreed timescales
    •  Demonstrate good communication and leadership skills with high personal integrity
    •  Self-starter who shows initiative in learning.
    •  Ability to work under minimal supervision.


    •  Degree in Finance or related field
    •  Certified Public Accountant/ACCA qualification
    • 3 years experience in a similar role

    go to method of application »

    Head of Tax

    Job Description

    • Tax leadership in Old Mutual, Faulu and UAP Group which include territories such as Uganda, Tanzania, South Sudan, Rwanda .
    • Develop, document and implement tax planning strategies within the group including preparation of key documents on certain tax positions for board approval and adoption
    • Provide tax and related guidance to senior management on tax related strategic issues that will benefit the group
    • Develop and implement Group sharing model and Transfer pricing documentation for the group

    Key Responsibility:

    • Offering tax leadership on all tax matters in the combined group in Kenya and subsidiary notably Uganda, Tanzania, South Sudan, Rwanda .
    • scanning on Long term, short term, Banking, Asset management and investment  businesses
    • Direct all tax compliance matters including coordination, preparation, and review of all monthly, quarterly and annual returns for the group to ensure that at all time the group is compliant
    • Advise on the tax effect on introduction or changes in business structure, mergers and acquisition and group transactions and react accordingly with tax planning recommendations.
    • Advise on tax efficient ways on business contracts, new product within the group
    • Develop and maintain transfer pricing documentation for the group, liaising with the revenue authority and head of transfer pricing for Old Mutual PLC to ensure the document is adequate, relevant and mitigates transfer pricing risks
    • Develop, document and present and maintain  group cost sharing model that shares the group cost appropriately and is located in the best tax optimal entity
    • Working closely with Chief Finance Officer (CFO) on key tax items considerations in acquisitions/ mergers to ensure all the tax items and risk are appropriately considered and mitigated
    • Conduct and manage  group tax health check in all territories to minimize any tax exposure and put mitigation action in place
    • Advise the senior management and the board on changes in tax legislations, new development such as double taxation treaties, case laws that will affect old mutual group
    • Developing relationship with Key stakeholders such as tax revenue authorities, Capital market authorities etc with the aim managing any issues within the group
    • Research the tax implication for the group expansion in to new territories
    • Good tax compliance status in the group including the subsidiaries
    • Overseeing the development and review of the monthly and annual tax provision of the group, maintaining all tax accounts including financial statement footnotes and analysis for both internal and external stakeholders
    • Resolution of revenue authority tax audit issues for any entity in the group
    • Working closely with Old Mutual Africa Head of tax on monthly, quarterly, and annual group tax reporting requirements
    • Successful implementation of group share model and transfer pricing documentation within the group

    Method of Application

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