Summary
Date Posted: Tuesday, April 30 2024, Base Salary: Not Disclosed

JOB DETAILS:
• Reporting to the Chief Financial Officer, the role holder will be responsible for overseeing all financial management and financial reporting by implementing policies, processes, and internal controls to increase organizational financial effectiveness and control.
• Achieve accurate financial reporting in line with IFRS standards.
• Supervises the smooth running of the finance department in relation to the following: accounting system, General Ledger review and integrity, financial statements preparation, financial analysis, ratings, and fixed asset management.
• Provide technical financial support to the Chief Finance Officer (CFO)
• Implement robust accounting systems that are embedded with appropriate controls that help safeguard the company’s assets and ensure accurate and timely reporting.
• Liaises with external auditors on audit activities of the company.
• Participate in preparation of annual budgets and long-term business plans and ensure all departments and units comply with the budgetary provisions.
• Establish and monitor the implementation of an effective and robust financial management system that secures company funds whilst maximizing profitability and facilitating effective cash flow management, compliance with the insurance act and investment guidelines.
• Manage the company’s cash flows to meet all liabilities as they may fall due.
• Manage the company’s credit policy and effective follow up of debts.
• Implement investment strategies in liaison with the Chief Finance Officer will be in line with the financial strategy.
• Ensure compliance with statutory provisions in respect to financial reporting, taxation, other statutory payments, and insurance act.
• Assist in preparation of annual reports and accounts for the Board and statutory purposes.
• Carry overall responsibility for the preparation of quality financial accounts and maintenance of financial records.
• Contribute to implementation of the financial strategy.

Education and/or Work Experience Requirements:
• Degree in Commerce / Finance or related qualification from a recognized University.
• CPA (K) qualification or equivalent is mandatory.
• Membership to Professional a body (ICPAK)
• Proficient in the use of accounting management information systems
• Relevant work experience: A minimum of seven (7) years’ working experience with 5 years’ experience in treasury and management accounts in an insurance industry.
• Familiar with working in high volume transaction intensive environment
• Knowledge and ability to place a high emphasis and maintain controls surrounding financial reporting pertaining to Generally Accepted Accounting Procedures (GAAP) and the Standard Operating Procedures.
• Maintains a take charge attitude, is persistent and has a drive to accomplish objectives, influences others by instilling excitement and a sense of urgency and proactiveness.
• Strong relationship management with the ability to multitask and operate in a fast-paced changing environment.
• Creative, generates new approaches to problems and demonstrates imagination.
• High integrity and work ethic
• Ability to analyze financial reports
• Proficient in the use of IFRS 17

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Bachelor Degree

Job application procedure
• Qualified candidates are encouraged to send their applications on or before 3rd May, 2024 by email through jobs@capexlifeassurance.co.ke  accompanied with a detailed curriculum vitae and a cover letter addressed to;
• Chief Executive Officer Capex life Assurance P.O Box 12043 – 00400 NAIROBI

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