Planning, Controlling and Reconciliation Manager- Insurance Experience
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Job Summary
General Duties
Assist in managing and maintaining the business planning and budgetary process including budgets capital expenditure budget monitoring and reforecasts / run rates.
Ensure that the company has effective financial systems controls and processes in place and that these are used throughout the company.
Assist in preparing documentation and reports for audits and regulatory reviews.
Assist in the Coordination development and update of written policies and procedures over the financial reporting process.
Collaborate with Reporting and Tax to churn out high-quality and timely reports to meet deadlines for financial reporting.
Monitoring and interpreting cash flows and predicting future trends.
Ensure appropriate operational procedures are put in place for efficient operation and monitoring of the finance department to ensure that SLAs with the business are met.
Assist in conducting reviews and evaluations for cost-reduction opportunities.
Identify opportunities for process improvements in financial planning controlling and reconciliation.
Identify potential financial risks and recommend strategies for mitigation.
Bancassurance Reconciliation
Timely reconciliation with all Bancassurance partners to ensure monthly premiums are received on time.
Investigate and resolve discrepancies between internal records and external statements ensuring timely and accurate reporting.
Consult with bank representatives to ensure completeness of all premiums.
Collaborate with Payables unit for smooth and timely bank reconciliations.
Accounting & Reporting
Assist in providing a comprehensive range of financial accounting and reporting services for profitability assessment across various segments (MM CC Branch Line of Business Channel and selected agents).
Assists to prepare group and regulatory reports.
Maintain accurate financial records and ensure data integrity in financial systems
Assists to produce monthly quarterly and annual financial statements in compliance with group statutory regulatory and IFRS 17 requirements.
Conversant with insurance accounting Financial Analysis Budgeting & Forecasting Reconciliation Techniques Financial reporting in compliance with IFRS and regulatory requirements (including IFRS 17) Conversant in NIC provisions and prudential reporting Conversant in Income Tax Act 896 Data processing techniques to accounting systems. |
Strategic Thinking Integrity and accountability Decision Making Team Collaboration |
Attention to Detail Adaptability to change and diversity. Agility in cognitive reasoning Personal credibility and self confidence Results oriented High integrity creativity and good interpersonal ability |
Minimum of 8 years experience in accounting Bachelors degree in accounting Business administration or a related field Qualified Accountant or Partly qualified with ICAGH ACCA or its equivalent. |
Required Skills:
Strong people skills. Adaptability to change and diversity. Agility in cognitive reasoning Personal credibility and self-confidence Results oriented High integrity creativity and good interpersonal ability
Required Education:
Minimum of 5 years experience in accountingBachelors degree in accounting Business administration or a related fieldQualified Accountant or Partly qualified with ICAGH ACCA or its equivalent.
