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  • Posted: Jan 11, 2025
    Deadline: Jan 24, 2025
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    Equity Bank Limited (The "Bank”) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The address of the Bank’s registered office is 9th Floor, Equity Centre, P.O. Box 75104 - 00200 Nairobi. The Bank is licensed under the Kenya Banking Act (Chapter 488), and continues to offer retail banking, microfinance a...
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    Finance Manager (Equity Bancassurance Intermediary Limited)

    Job Purpose:

    The role exists to oversee and manage the financial operations and reporting, ensuring the company's financial stability and compliance with regulatory requirements. This role involves developing and implementing financial strategies, analyzing financial performance, and providing insights to support strategic decision-making. The Finance Manager is responsible for budgeting, forecasting, financial analysis, and optimizing financial processes, all while supporting the organization's overall goals and ensuring effective communication with internal and external stakeholders within the Bancassurance context.

    Key Responsibilities

    • Preparing quarterly and annual board paper on financial report and present to board.
    • Preparation of financial report in line with IFRs
    • Advisor to the entire organization on all financial matters.
    • Cash flow management.
    • Daily management, training and guiding of finance team.
    • Ensuring that all relevant taxes such as VAT, withholding taxes, instalment taxes are submitted on time.
    • Ensuring company compliance with all the regulatory requirements such as KRA, IRA, NSSF, NHIF etc.
    • Overseeing credit control function.
    • Formulation and implementing of policies and procedures for the finance department.
    • Investments decision maker in liaison with Investment Committee.
    • Periodical review of general ledgers and bank accounts of the Bancassurance.
    • Approval of all payments of the organization in line with the policies and procedures of the organization.
    • Overseeing daily operations of the finance and administration department.
    • Preparing weekly, monthly, quarterly, and annual financial reports that comply with all the relevant regulations and submitting the same to all the relevant users.
    • Liaison person on all financial issues with the third parties such as insurance companies, Equity group
    • Coordinating budgeting processes for the organization and monitoring of the same.
    • Coordinating compliance, Risk and both internal and external audit Reviews.

    Qualifications

    Qualifications and Experience

    • Bachelor of Commerce Accounting degree 
    • CPA (K) or ACCA professional qualification.
    • Member of ICPAK or Accounting body and in good standing.
    • Accounting, Audit and (or) Actuarial background
    • A minimum of six (6) years of post-qualification
    • Experience with at least three (3) years in a management position

    Key Competencies & Skills

    • Knowledge or experience in the Insurance industry accounting practices. 
    • Good working knowledge and understanding of International Financial Reporting Standards with a good understanding of IFRS 17
    • Excellence in Data Analytics will be an added advantage.
    • Demonstrate alignment with Equity culture and values.

    go to method of application »

    Business Development Principal - Health

    Job Purpose:

    The role plays a pivotal role in driving the growth and expansion of the firm's insurance offerings within the general business, medical, and life insurance sectors. This role demands a strategic thinker with exceptional leadership skills, industry expertise, and a keen understanding of market dynamics.

    Key Responsibilities

    • Strategic PlanningDevelop and implement strategic plans to expand the firm's presence in the General business/Medical/Life insurance sectors. Identify growth opportunities, market trends, and competitive threats.
    • Business Development: Lead business development initiatives to acquire new clients and partnerships within the target sector. Build and maintain strong relationships with key stakeholders, including the Bank, insurance carriers, brokers, and regulatory bodies.
    • Product Development: Collaborate with product development teams to design innovative insurance products tailored to the needs of clients in the General business/Medical/Life insurance segments. Conduct market research and competitor analysis to ensure product competitiveness.
    • Market Expansion: Drive the expansion of the firm's market reach by exploring new geographical territories and demographic segments. Develop effective marketing strategies to promote insurance products and enhance brand visibility.
    • Risk Management: Assess and mitigate risks associated with business expansion initiatives, regulatory compliance, and market fluctuations. Ensure adherence to legal and regulatory requirements in all business activities.
    • Performance Monitoring: Establish key performance indicators (KPIs) and metrics to measure the success of business development initiatives. Monitor sales performance, revenue growth, and market share to identify areas for improvement.
    • Stakeholder Management: Foster a culture of collaboration, innovation, and excellence within the team and with the network of Regional General Managers, Bancassurance Managers and Officers.
    • Client Relationship Management: Cultivate strong relationships with existing clients to enhance client retention and satisfaction. Address client inquiries, concerns, and feedback in a timely and professional manner.

    Qualifications

    Qualifications and Experience

    • Bachelor's degree in Business Administration, Finance, Marketing, or a related field. MBA or relevant professional certifications preferred. 
    • At least 10years in business development, in the insurance or Bancassurance industry
    • Diploma AIIK
    • Certificate of Proficiency in Insurance (COP)

    Key Competencies & Skills

    • Certificate of Proficiency in Insurance (COP)
    • Strong analytical skills with the ability to interpret data, identify trends, and make strategic recommendations.
    • Excellent communication, negotiation, and presentation skills.
    • Demonstrated leadership abilities with a track record of building and managing high-performing teams.
    • Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities.

    go to method of application »

    Business Development Principal - General

    Job Purpose:

    The role plays a pivotal role in driving the growth and expansion of the firm's insurance offerings within the general business, medical, and life insurance sectors. This role demands a strategic thinker with exceptional leadership skills, industry expertise, and a keen understanding of market dynamics.

    Key Responsibilities

    • Strategic Planning: Develop and implement strategic plans to expand the firm's presence in the General business/Medical/Life insurance sectors. Identify growth opportunities, market trends, and competitive threats.
    • Business Development: Lead business development initiatives to acquire new clients and partnerships within the target sector. Build and maintain strong relationships with key stakeholders, including the Bank, insurance carriers, brokers, and regulatory bodies.
    • Product Development: Collaborate with product development teams to design innovative insurance products tailored to the needs of clients in the General business/Medical/Life insurance segments. Conduct market research and competitor analysis to ensure product competitiveness.
    • Market Expansion: Drive the expansion of the firm's market reach by exploring new geographical territories and demographic segments. Develop effective marketing strategies to promote insurance products and enhance brand visibility.
    • Risk Management: Assess and mitigate risks associated with business expansion initiatives, regulatory compliance, and market fluctuations. Ensure adherence to legal and regulatory requirements in all business activities.
    • Performance Monitoring: Establish key performance indicators (KPIs) and metrics to measure the success of business development initiatives. Monitor sales performance, revenue growth, and market share to identify areas for improvement.
    • Stakeholder Management: Foster a culture of collaboration, innovation, and excellence within the team and with the network of Regional General Managers, Bancassurance Managers and Officers.
    • Client Relationship Management: Cultivate strong relationships with existing clients to enhance client retention and satisfaction. Address client inquiries, concerns, and feedback in a timely and professional manner.

    Qualifications

    Qualifications and Experience

    • Bachelor's degree in Business Administration, Finance, Marketing, or a related field. MBA or relevant professional certifications preferred. 
    • At least 10years in business development, in the insurance or Bancassurance industry
    • Diploma AIIK
    • Certificate of Proficiency in Insurance (COP)

    Key Competencies & Skills

    • Certificate of Proficiency in Insurance (COP)
    • Strong analytical skills with the ability to interpret data, identify trends, and make strategic recommendations.
    • Excellent communication, negotiation, and presentation skills.
    • Demonstrated leadership abilities with a track record of building and managing high-performing teams.
    • Ability to thrive in a fast-paced, dynamic environment and adapt to changing priorities.

    Method of Application

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