Finance Manager at Minet Kenya Insurance Brokers Ltd

Job Details

This role is responsible for providing effective and accurate financial management to the business.

He/she provides key financial information performance indicators as well as forward-looking business analysis to support the Business in line with long-term’s strategy and growth.

The position also promotes financial excellence in serving Minet by proactively engaging with Business Finance Corporate Control and Corporate Finance colleagues seeking and providing guidance / advice on relevant matters.

Key Responsibilities

1. Ensure Minet Financial Management by;

• Managing and controlling the period financial results (process timelines content);
• Delivering best-in-class suites for financial reports to Minet;
• Managing the financial control and support of projects;
• Participating in monthly reviews with P&L and/or cost budget owners;
• Completing the monthly/quarterly forecast (at required level of granularity);
• Completing the budgeting process including the settlement of interlock reviews with relevant business owners and finance stakeholders;
• Providing input for the quarterly board financial reporting – where applicable.
• Plays an active role in the revenue and/or expense management activities by accountably
  signing-off the monthly revenue and expenses for the applicable business area.
• Supporting the monthly/quarterly standard financial process related to revenue and expenses in conjunction with Corporate and Regional finance functions ( i.e. Eglobal accounting process).

2. Performs Capital expenditure analysis and follow-up with the Business owners throughout the organisation.

3. Confirm and validate the data integrity of the financial results by:

• Ensuring alignment between Statutory reporting and Management reporting results;
• Confirming IFRS and accounting policies compliance;
• Supporting the Audit activity;
• Playing an active role in the Balance Sheet control activity;
• Control of the depreciation bookings as established by Controlling.
• For centrally managed solution lines, accountable for the preparation of business cases and validation of the financial profitability of the business cases to be presented;
• Actively involved in the financial control activities including costs analysis ensuring alignment with capitalization best practices with tax compliance activities with corporate practices and standards.
• Defines project-manages and delivers improvement plans or special projects to increase the overall quality of the business finance function.

4. Manages the financial support to the relevant business team by;

• Managing and controlling the period financial results (process timelines content for the Business Unit);
• Delivering best-in-class suites for financial reports to the business;
• Completing the monthly/quarterly forecast (at required level of granularity);
• Performs Capital expenditure analysis and follow-up.
• Confirm and validate the data integrity of the financial results by:

1. Confirming IFRS and accounting policies compliance;
2. Supporting the Audit activity;
3. Playing an active role in the Balance Sheet control activity;
4. Control of the depreciation bookings as established by Controlling.

Qualifications

Experience

• 7 to 10 years of combined business finance or controlling experience preferably within a large international company
• People management experience
• Interacting at senior management level
• Experience in delegation in particular exercising good judgement between personal involvement and delegation (zoom in/out)
• Ability to challenge and make recommendations for improvements

Knowledge and Skills

• Management Accounting
• Financial and Budget Control experience
• Proficient knowledge of Financial Systems (Competence in Excel Access and Essbase are mandatory)
• Knowledge of International Accounting standards
• Quality control skills
• Ability to multi-task and meet tight deadlines
• High quality results orientation
• Strong presentation skills both written and verbal

Professional Competencies

• Attention to Detail
• Financial Acumen
• Financial Planning
• Financial Systems & Processes
• Results Orientation

Core Competencies

• Adhering to Principles & Values
• Communication
• Creating & Innovating
• Customer Focus
• Developing Talent
• Impact & Influence
• Leading Execution
• Managing Performance
• Teamwork

Education and Qualifications

• Minimum Bachelor’s Degree in Finance or Business Management
• MBA or equivalent qualification is desirable
• Membership of a relevant Finance / Accounting accreditation body is desirable