Britam Financial Reporting Compliance & Budgeting Manager Jobs in Kenya
Reporting to the CFO, the purpose of this role is to direct and oversee all of the financial reporting, budgeting and compliance activities of Britam Life Assurance. This includes the preparation of financial reports, budgets and forecasts for future business growth.
The role will also be responsible for ensuring compliance with Company and International Financial Reporting Standards (IFRSs) as well as regulatory requirements.
Britam Financial Reporting Compliance & Budgeting Manager Jobs in Kenya
Responsibilities
Manage monthly and annual financial closing processes and ensure accurate, timely closure and reporting.
Review monthly, quarterly and annual financial statements in compliance with IFRSs.
Prepare monthly performance management report for EXCO.
Prepare quarterly performance management report for board committees (Audit, Risk & Compliance, Investments & Strategy) and main board meetings .
Manage the preparation of the company’s annual budget and report on variances from budget and reasons for those variances.
Assist business leaders with the development of the department strategy, driving accountability and alignment with overall company priorities.
Review monthly, quarterly and annual returns to the IRA and ensure timely filing and compliance with the Kenyan Insurance Act and Regulations.
Coordinate the company’s annual audit with the independent auditors and coordinate the provision of all required schedules and supporting documents.
Develop and maintain the integrity of the financial reporting process and financial controls.
Maintain and strengthen internal controls over financial reporting.
Research and resolve accounting issues including evaluation and implementation of new accounting and auditing standards and pronouncements to ensure IFRS and IAS compliance.
Prepare adhoc reports as may be required from time to time.
Delegated authority: As per the approved Delegation of Authority (DoA) matrix.
Ensuring regulatory compliance with respect to the compliance schedule i.e. for KRA, IRA, UFAA among other regulatory bodies.
Provide training, coaching and guidance to the rest of the finance team to facilitate technical growth in the area of financial reporting, compliance and budgeting.
Requirements
Professional qualifications – CPA/ACCA Finalist. Must be a
Member of Institute of Certified Public Accountants of Kenya (ICPAK) or equivalent
Bachelor degree in Actuarial Science / Finance / Accounting / Economics. An MBA will be an added advantage.
A minimum of 5 years’ relevant experience in Finance or audit/actuarial consultancy with at least 2 years in a management role.
Thorough understanding of International Financial Reporting Standards (IFRS).
Practical knowledge of the Kenyan Insurance Act and Regulations.
Sound knowledge and well developed Information Communication Technology (ICT) skills with hands on experience with computerized accounting applications such as ERP systems and Microsoft Office software (Word, Excel, PowerPoint etc.)
Experience and ability to establish and maintain effective working relations within a team and colleagues from diverse cultural and professional backgrounds with the ultimate aim of achieving organizational goals.
Excellent organizational and planning skills; ability to identify priority activities and assignments and ability to make necessary adjustments as required.
Proven ability to transfer knowledge to others at all levels into practical and beneficial use; strong interpersonal skills demonstrated by the ability to lead and gain assistance and cooperation from others in a team endeavour.
Possess an innovative mind, a positive attitude and motivation to acquire new knowledge.
Ability to analyse financial data and prepare financial reports, statements, and projections.
Excellent team leadership skills, communication, organization and presentation skills.
How to Apply
Interested and qualified candidates should apply online by 17th July 2019
For more information and job application details, see; Britam Financial Reporting Compliance & Budgeting Manager Jobs in Kenya
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