AIG Chief Finance Officer Jobs in Kenya

AIG Chief Finance Officer Jobs in Kenya

Functional Area:
FA - Finance

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Kenya Insurance Co. Ltd

Purpose/nature of the Role:

This is a senior position which seeks to increase the long term share value and to safeguard the assets of the company by: finding ways to improve the performance of the financial operation, ensuring a satisfactory system of internal controls in the organization, shareholder wealth maximization, safeguarding the assets of the company – avoiding wastage through prudent investment, maintaining adequate liquidity to facilitate prompt claims service without jeopardizing investment income and ensuring compliance with regulation (Local & US SEC, SOX etc).

Principle Duties and Responsibilities:

Regulatory, Statutory & Management Reporting

Overall responsibility for all Finance aspects in Kenya, which includes Tax, Actuarial, Controlling, FP&A and Capital Management responsibilities.

Accountable for timely and accurate delivery of AIG Kenya’s external financial reporting and maintenance of a robust control environment.

Business partnering and support role to the CEO, which includes updates on business strategy execution and profitability assessments of each line of business

Primary Finance contact to the independent, non-executive directors, and responsible for accurate and timely Board reporting

Responsible for overseeing the RBC function and the timely/accurate reporting of the Capital position and Capital Planning to the Board

Oversight of all local financial statement and regulatory filings, and primary Finance liaison with all regulatory authorities

Management of the audit process with external and internal auditors

Implement and monitor Monthly Financial

Reporting with a key focus on business performance, profitability and strategy execution

Establish and implement the regulations on and procedures of financial management, cost management, budget management, accounting, accounting supervision and audit; Supervise the implementation of above-mentioned regulations and procedures;

Represent AIG to the regulator regarding all financial matters when required and in the board of directors;

Managing capital to meet regulatory requirements, dividend commitments and investment requirements; optimizing deployment of and returns on capital within those constraints;

Overseeing the investment management activities of the company;

Embedding the use of key performance metrics within the organization to drive actions and improve performance;

Delivering well-supported budgets, plans and forecasts in line with AIG’s timelines, along with regular progress updates and action recommendations as appropriate;

Ensure proper tax planning, computation and accounting and remittance of all applicable taxes (PAYE, VAT, WHT, etc)

Business Partnership & Leadership

Engage with executive management as a strategic partner, influencing the future direction of the company and aligning business and finance strategy to achieve profitable and sustainable growth.

Instill a financial approach and mind set throughout the organization as a catalyst to help other parts of the business perform better.

Designing and implementing change to organizational design, processes and systems to meet current and future

reporting obligations;

Improving efficiency whilst maintaining control standards consistent with AIG policies and regulatory requirements;

Control environment and Framework

Provide a preventive financial control environment, aligned to company and legislative requirements.

Ensure integrity of all financial data in underlying administrative system.

Ensure control over operating systems impacting financial performance is implemented and operating effectively.

Recommend improvements and adjustments as needed to ensure operational efficiency and meet operating requirements.

Remediate and resolve material weaknesses and significant deficiencies identified through internal audit within agreed timelines

Liaise with internal auditors and provide recommendations for procedural improvements

Keep abreast of local financial, legislative environment; advise the CEO on financial issues which arise and the consequences of proposed course of action.

Ensure financial records are maintained in line with company and legislative requirements

Ensure Internal and External financial reporting is concluded on a timely manner with appropriate approvals

Administer the work of investment committee

Review financial analysis for investment purposes as requested by the CEO.

Manage account reconciliations accordingly to company and auditors standard

Team Management & Development

Leading, mentoring and professionally developing people, making best and highest use of talent including exporting to benefit the wider Group, managing succession plans, fostering a culture of collaboration and promoting and delivering the benefits of working collaboratively to deliver AIG’s strategic objectives

Aligning activity of Finance in Kenya with Region and Group


Qualifications:

Business Degree (B.Com – Accounting or MBA)

Certified Public Accountant (K)

Member of the ICPAK

Experience:

Minimum of 8 years of experience in a Senior Accounting Position, as Finance Manager or Chief Finance Officer.

Working knowledge of a multinational organization is highly recommended.

Working in a matrix reporting structure will be an advantage.

Skills:

Business acumen to understand AIG’s business and functions

Solving complex problems

Managerial courage

Organizational Agility

Competencies

Technical Competencies: -

Financial Analysis & Reporting

Optimizing work processes

Planning

Compliance/Regulatory knowledge

Management Reporting

Business/Product knowledge

Leadership Competencies: -

Dealing with Ambiguity

Excellent negotiation and presentation skills

Customer relationship building and management

Conflict management

Team building skills

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer.

We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability.

Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.


AIG Chief Finance Officer Jobs in Kenya