HRM Connection Finance & Compliance Officer Job


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Finance & Compliance Officer Job, Latest Finance Jobs Kenya,

JOB TITLE:  FINANCE & COMPLIANCE OFFICER

INDUSTRY: INSURANCE

LOCATION: NAIROBI

Job Summary

To provide supervision of the finance team, manage the processes for financial forecasting and budgets and overseeing the preparation of all financial reporting. The role holder will also advise on long-term business and financial planning.

Responsibilities

  • Assist in the execution of the finance agenda for the company in areas of financial reporting, tax and regulatory reporting.
  • Oversee the timely completion of period end closure processes with accurate monthly, quarterly and annual reporting. Also, preparation of a detailed analysis and explanations of variances.
  • Ensuring data integrity of the financial application and ensuring the transactions agree with the core operating systems. Validation of balance sheet accounts and ensuring they are analyzed and can be supported.
  • Provide financial stewardship and ensure integrity of fiscal data, accounting practice, financial analysis, investments and funding.
  • Ensure systems and processes are functioning as required, have adequate and effective internal controls implemented, work effectively, minimize and detect fraudulent activity in all lines of business.
  • Lead and manage the preparation of annual budgets and 5-year projections.
  • Liaise with auditors, actuary and tax advisors and manage timely audit of final accounts.
  • Manage cash flows, control costs and action on audit recommendations
  • Prepare and compile company budgets annually and analyse financial reports and report variance against budget on a monthly basis;
  • Review and file returns to the regulator and other statutory bodies as desired
  • Evaluate financial reporting systems, accounting and collection procedures, and make recommendations for changes to procedures, operating systems, budgets, and other financial control functions.
  • Identify, Monitor, and Coordinate, risk & compliance activities through respective departments to ensure the company remains abreast of the status of all insurance related risks & compliance activities.
  • Coordinating the Anti–Money Laundering, Data Protection, and other regulatory activities
  • Keep abreast with the applicable laws, regulations, rules, and standards in the risk & compliance fraternity and advise on the emerging developments of the same
  • Implementing an effective risk training program as will be developed for staff and the organization at large
  • Provide financial and Compliance reports on a monthly and quarterly basis.

Educational Qualifications and Experience:

  • 5+ years work experience in similar role in Insurance industry
  • Bachelor of Commerce degree from a reputable university
  • CPA (K) or its equivalent
  • MBA or Masters’ degree will be added advantage
  • Certificate of Insurance

Knowledge and Skills:

  • Team leadership
  • Financial Planning & strategy
  • Insurance Industry awareness
  • Passion for Customer Service excellence
  • Forecasting
  • Results-driven
  • Attention to detail
  • Developing budgets
  • Performance reporting and financial management.
  • Strong understanding of application of reinsurance

How To Apply

Interested candidates are invited to strictly email their cover letter and CV, to [email protected] before end of day 27th December 2021. Only short listed candidates will be contacted

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