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Finance Manager at Jubilee Insurance

JobWebKenya

Accounting, Auditing & Finance

1 week ago

Job Summary

 

  • Minimum Qualification: Bachelors
  • Experience Length: 7 years

Job Description/Requirements

Job Description

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Jubilee Insurance was established in August , as the first locally incorporated Insurance Company based in Mombasa in . Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.

Job Ref. No. JLIL

Role Purpose

The Role holder will be responsible for the financial reporting under IFRS17 for Jubilee Life Company.

Main Responsibilities

Financial & Regulatory reporting

Implementation, budgeting, and project management. Ensure the integrity of the IFRS 17 TB Preparing papers for management & board on IFRS 17. Disclosure preparation under IFRS17 reporting requirements Develop controls and documentation around estimates and judgement in IFRS17 implementation for data & results consistency, completeness, and accuracy. IFRS17 regulatory reports i.e., Quarterly returns to IRA and tax computations for KRA Support stakeholders on all financial inputs and outputs (Actuarial, appointed actuary and audit/assurance team s) onIFRS17 reporting within monthly, quarterly & end year reporting timelines Responsible for the development of the Audit Plan in conjunction with the External Auditors and CFO around IFRS17. Risk assessment, management, and reporting under IFRS17 reporting. Recommend strategies further to the review of IFRS 17 outputs to the management

System Set-up

Work with the IT to ensure that all system s are set-up and test the output for correctness. Work with the Digital team to develop automated reports and business dashboards around IFRS 17

Leadership

Embed international best practice within the staff compliment of the team . Managing and providing leadership to assigned team . Recommend strategies further to the review of IFRS 17 outputs to the management

Requirements

Key Competencies

Visionary Entrepreneurial Spirit Customer Focus Continuous Innovation Ownership & Commitment Team Spirit Excellent oral, written and online communication skills Presentation skills Organized, numerate, analytical. Business planning and tracking Time management Interpersonal skills

Qualifications

Bachelor’s Degree in Finance, or a Business-Related Field. CPA-K/ACCA Qualification is mandatory.

Relevant Experience

At least 7 years’ Experience in the insurance, Finance industry of which two must be as a lead in financial reporting. Experience in the implementation of the standard will be an added advantage

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