Summary
Date Posted: Tuesday, October 18, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Job Ref. No. JHIL040
Role Purpose
• The role holder will be responsible for the development and implementation of financial reporting under IFRS 17 for Jubilee Health Insurance Company and will assist in ensuring seamless financial operations and adoption of IFRS 17 for the company.

Main Responsibilities
IFRS17 Transition and Reporting
• Technical implementation plan, budgeting, and project management.
• Gap analysis, business & financial impact analysis.
• IFRS17 methodology position papers: On options & recommendations under non-prescribed technical decisions e.g., Level of aggregation, contract boundaries, risk adjustment, investment components, reinsurance contracts approach etc.
• Preparing papers for management & board approval for transition approach, budget, system requirements etc.
• Disclosure preparation under IFRS17 reporting requirements.
• Develop controls and documentation around estimates and judgement in IFRS17 implementation for data & results consistency, completeness, and accuracy.
• Determination of transition method from full retrospective, modified retrospective and fair value approaches.
• Model Jubilee financial statements under IFRS17 and comparatives to IFRS4.

System Set-Up
• Setting up of the general ledger for the reporting on IFRS17 and OFA software.
• Training other members within the Company.
• Mapping of accounts, development of accounting reports/disclosures, documentation, and communication.

Projections and Budgeting
• Budget and control all IFRS17 costs.

Financial & Regulatory Reporting
• IFRS17 inputs to regulatory reports i.e., Quarterly returns to IRA and tax computations for KRA.
• Support stakeholders on all financial inputs and outputs (Actuarial, Finance, appointed actuary and audit/assurance teams) on IFRS17 reporting within monthly, quarterly & end year reporting timelines.

Qualifications
• Bachelor’s Degree in Commerce, Finance, Accounting, Economics, or any other related field.
• CPA-K or ACCA Qualification.
• Well versed with key accounting computer systems operations plus working on spreadsheets.
• Good understanding of IFRS 17 and experience in the implementation of IFRS 17 will be an added advantage.
• Good presentation and communication skills

Relevant Experience
• Minimum of five years relevant experience in the Financial Services Sector and 5 years’ experience in external audit at a supervisory level
• Experience in reviewing and addressing gaps in insurance operations.

Closing: 19 Oct, 2022

Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure
• If you are qualified and seeking an exciting new challenge, please apply via Recruitment@jubileekenya.com  quoting the Job Reference Number and Position

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