ICEA Lion Group Manager 1: Reporting & Financial Controls Jobs in Kenya
Role Summary
The Manager I, Reporting & Financial Controls is responsible for maintaining a strong internal control environment across the Life Assurance business through the implementation, monitoring and enforcement of robust accounting and financial controls.
The role supports overall financial reporting, safeguards company assets, ensures financial accuracy, and facilitates the timely, complete and accurate submission of statutory and compliance returns.
Key Responsibilities
Internal Controls
Review and strengthen the financial controls framework across the Life Assurance business.
Ensure timely and accurate ledger and sub-ledger reconciliations for premiums, claims, commissions, receivables, payables, reinsurance balances and intercompany accounts.
Investigate reconciling items and ensure appropriate adjusting entries are posted.
Lead the company's bank reconciliation process and supervise the bank reconciliation team to ensure prompt clearance of reconciling items.
Conduct periodic control assessments to identify control gaps, fraud risks and operational inefficiencies.
Work with the CFO, Head of Finance and process owners to develop remediation plans for audit findings and control deficiencies.
Monitor and report progress on audit issues and corrective actions to leadership.
Statutory Compliance
Maintain and monitor the company compliance calendar to ensure all obligations are met on time.
Ensure compliance with regulatory and statutory requirements, including those of IRA, RBA, UFAA, PCF and KRA.
Coordinate with departmental leaders to ensure timely submission of compliance information.
Support tax compliance activities, including corporation tax, withholding tax, withholding VAT and related tax matters.
Monitor regulatory developments and keep Finance leadership informed of relevant changes.
Financial Reporting
Support the preparation of monthly, quarterly and annual financial reports, including reporting under IFRS 17.
Support monthly posting
of general ledger journals and ensure proper review and approval of financial journals.
Prepare ad hoc financial analyses and reports as required.
Support budget management by reviewing LPOs and payment vouchers to ensure correct cost allocation.
Support year-end audit processes through preparation of audit schedules and financial statement disclosures.
Academic and Professional Qualifications & Experience
Bachelor’s degree in Finance, Accounting, Commerce or a related field.
CPA(K), ACCA or an equivalent professional accounting qualification.
Seven (7) to ten (10) years of relevant experience, preferably within the insurance or financial services industry.
Good understanding of Life Assurance accounting, IFRS 17, insurance operations and regulatory requirements.
Strong experience in financial controls, reconciliations, auditing and risk management.
Proficiency in financial systems, ERP platforms and data analytics tools.
Key Competencies Required for the Role
Ability to work under pressure and deliver results within strict timelines.
Strong teamwork and collaboration skills.
Strong analytical and problem-solving ability.
Excellent attention to detail.
Strong risk and control mindset.
How to apply
For more information and job application details, see; ICEA Lion Group Manager 1: Reporting & Financial Controls Jobs in Kenya
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