The key
responsibilities of this position will be;
Prepare the monthly financial performance and the accompanying analysis for the
Bank’s Insurance Business.
Prepare the quarterly financial reports for consolidation by the Group ensuring
they comply with the relevant regulations and in accordance to the Group
timelines.
Prepare strategic financial plans, includin
g the budgets and forecasts by
collaborating with the Head, Bancassurance. Monitor budgets against targets,
and keep senior leadership team abreast of the organization’s financial status.
Coordinate audits by internal auditors, external auditors, and Regulators (IRA,
CBK KRA). To follow up all issues raised in audits and inspections reports and
resolve them
Ensure compliance with IFRS/IAS, Companies Act, Taxation Act and IRA
guidelines.
Ensure all regulatory returns and any other information requested by the
regulator is correctly compiled and submitted on time.
Ensure integrity of the general ledger through daily review and analysis and
ensure that all Bank accounts and the relevant suspense are reconciled
periodically.
To validate and approve all payments related to the business in line with the
laid down authorization limits and timings.
Implement robust debtors’ management and reporting system; ensure that the
collection schedule is adhered to and that financial data and cash flows are
steady to support operational requirements. Ensure creditors and debtors
balances are properly reconciled.
Ensure that there are adequate internal control procedures to minimize loss of
income or misuse of company assets, and that all the set procedures are adhered
to.
Manage the completion of all regular daily, weekly, monthly reporting with all
associated commentaries including; month end actuals and forecasts/plan, for
multiple key stakeholders (incl. Exec Committee, Board, Finance, Management,
Regulators; CBK,IRA, KRA) Ensure there is integrity of the data and consistency
of format prior to delivery to stakeholders.
Lead, motivate, and continuously develop a credible high performing team.
The Person:
In order to be considered for the above position all applicants should have the
following:-
University Degree in a business related field from a recognized university. A
Masters in any relevant field will be an added advantage.
Fully qualified Accountant (CPA, ACCA, ACA or equivalent).
At least 6 years management experience in a busy Insurance/Bancassurance
environment, 4 of which should be in Financial and Management reporting.
Sound knowledge of the Insurance industry and regulatory guidelines.
Understanding of IFRS/IAS and accounting principles.
Excellent planning, problem solving and analytical skills.
Excellent report writing skills.
Knowledge and hands on experience in office automation tools.
The above position
is demanding for which the bank will provide a competitive package for the
successful candidates. If you believe you can clearly demonstrate your
abilities to meet the criteria given above, please submit your application with
a detailed CV, stating your current position, remuneration level e-mail and
telephone contacts quoting the job title/reference in the subject field to
recruitment@kcb.co.ke
To be considered your application must be received by 30th June 2016
Only Shortlisted candidates will be contacted
