Vacancies at Old Mutual Kenya

Job Description

• Support with engaging the revenue authority on tax refunds and audits.
• Drafting of transfer pricing documentation, SLAs and Group Cost sharing Model for all the East Africa Entities;
• Support with development of tax tools that aid tax compliance;
• Support with the strategic initiatives of the Group;
• Assist with group reporting and tax risk management.
• Support in advising on the tax effect on introduction or changes in business structure, mergers and acquisition and group transactions and react accordingly with tax planning recommendations. 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 to ensure the document is adequate, relevant and mitigates transfer pricing risks.
• Successful implementation of group share model and transfer pricing documentation within the group
• 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 Head of Tax on key tax items considerations in acquisitions/ mergers to ensure all the tax items and risk are appropriately considered and mitigated.
• Assist with managing group tax health checks in all territories to minimize any tax exposure and put mitigation action in place.
• Stakeholder engagements with the aim of unlocking tax refunds and closure of open revenue authority audits.
• To improve tax efficiency, assist develop a tool for tracking tax compliance for the Group.
• Support with quarterly Group reporting for the region.

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Job Description

• Ensure provision of Actuarial Services to Old Mutual East Africa Group by working closely with the Business Entities and other Group Functions to meet their needs. This includes reserving, pricing, product reviews, experience reviews and solvency and capital management
• Conducts accuracy checks, and analyses data to draw conclusions and make recommendations
• Generate actuarial reports on various technical issues to Head of Actuarial GI & Health, Group Actuary, Senior Management and Board of Directors.
• Technical Actuarial Support: Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries and analysis of profitability/surplus,
• Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report for P&C business.
• Experience Investigations: Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.
• Product Profitability Review: Perform profitability analysis, experience analysis, and other relevant actuarial investigations for BUs to inform business decisions.
• Solvency and Capital management: Carry out solvency computation for the BUs on a risk-based capital basis including solvency stress tests.
• Financial Modeling: assist with financial modeling of business scenarios/projects to inform business decision making.
• Strategy and Business Planning Support: assist with business planning financial projections and solvency projections for the Business Units. Perform stress and scenario analysis on the plan numbers.
• Reinsurance Support: Carry out a reinsurance analysis for the East Africa subsidiaries to explore ways to optimize on reinsurance arrangements.
• Reporting and Documentation: Presentation of results and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports.
• Risk Management support: assist the P&C Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate. Formulate appropriate risk mitigation measures for the BUs and develop a risk register for an enterprise in CURA (Risk System).
• Investment Strategy support: Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for Old Mutual P & C businesses.
• Other reasonable duties that may be assigned by management.

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Job Description

• The Group reporting accountant is responsible for preparing the consolidated financial results and reports for Old Mutual East Africa. This role involves reviewing and analyzing subsidiaries financial information and commentaries and preparing consolidated results, financial statements, commentaries and reports for management, board, Group, regulators and any other internal and external stakeholders.