Britam Chief Finance Officer - Operations & Financial Control - Jobs in Kenya

Britam Chief Finance Officer - Operations & Financial Control - Jobs in Kenya



Job Purpose

- The core mandate of this role would be to maintain up to date Group wide finance policies and processes which are continuously reviewed of the internal controls.

-The role holder will also ensure group wide compliance to all finance policies and processes by stakeholders.

Key responsibilities

  • Responsible for the development and compliance to all finance policies and processes and continuous assessment of internal controls.

  • Maintain the integrity of the Trial Balance at all times.

  • Credit control and ensure compliance to approved policies.

  • Preparation of all reconciliations and timely resolution of all outstanding items.

  • Ensuring all Finance operations and controls initiatives are implemented within approved framework and timelines.

  • Manage relationships with financial institutions and other stakeholders.

  • Fixed assets management

  • Oversight and resolution of risk and internal audit issues within agreed timelines

  • Development and monitoring of all Service Level Agreements

  • Develop and implement risk management policies

  • Staff development

  • Formulating annual budgets in close relation with departments for Board approval

  • Analysing and forecasting critical financial performance indicators such as cash flow, cost controls and actual figures against budgets / targets and conveying these analyses to the CEO, the Board Committee and recommend on corrective actions where needed

  • Analysing and reviewing aged accounts, accounts receivable and making recommendations for improvement

  • Ensuring optimal investment of excess funds to maximize investment income

  • Assessing the long-term financial trends and reviewing prospects for future growth of income and new product areas, and pin-point potential weak areas

  • Providing financial updates, reports and equity/debt tracking

  • Creating, coordinating and evaluating the financial programs and supporting information systems of the business unit to include budgeting and tax planning

  • Developing and implement risk management policies

  • Delegated Authority: As per the approved Delegated Authority Matrix

  • Perform any other duties as may be assigned from time to time.

    Key Performance Measures

  • As described in your Personal ScoreCard.

    Knowledge, experience and qualifications required

  • Bachelor degree in Finance/Accounting/Economics. A bachelor degree in Actuarial Science will be an added advantage.

  • Professional
    qualifications – CPA/ACCA Finalist. Must be a Member of Institute of Certified Public Accountants of Kenya (ICPAK) or equivalent

  • A minimum of 10 years’ relevant experience in Finance with at least 5 years in senior management

  • Thorough understanding of International Financial Reporting Standards (IFRS)

  • Proven experience in service industry

  • Experience working in a fast growing environment

  • Ability to analyse financial data and prepare financial reports, statements, and projections

  • Excellent team leadership skills, communication, organization and presentation skills.

    Leadership category responsibility framework (Core Competencies)

    Leaders of Leaders in Britam need to:


  • Ensure Business Objectives are met;

  • Be vision carriers; facilitate, drive and extract the vision for the business with the functional team;

  • Ensure the successful implementation of the strategy;

  • Ensure a sustainable business over a long-term defined vision;

  • Have a global understanding of business practices and local application;

  • Have a long-term view on profit, functions and processes;

  • Grow stakeholder value over the long-term;

  • Grow profitably across products and all business units;

  • Engage in continuous brand building to become the trusted partners to customers;

  • Develop innovative partnerships and distribution channels to increase market penetration;

  • Appropriately allocate funds and capital to maximize shareholder value;

  • Work strategically to ensure market leading position;

  • Adequately manage operational risk.

    Technical/ Functional competencies

  • Budgetary and accounting systems & processes – experience and ability to define the departmental and organisation wide budgets and to advise on budgeting implications for strategy realization

  • International Financial Reporting Standards (IFRS)

  • Financial Accounting and analysis

  • Management Accounting.



    For more information and job application details, see; Britam Chief Finance Officer - Operations & Financial Control - Jobs in Kenya



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