Accountant Financial Reporting

KEY PRIMARY RESPONSIBILITIES

Financial Reporting

• Support the preparation of monthly, quarterly, and annual financial statements in accordance with IFRS and company policies in liaison with the Actuarial function.
• Ensure timely completion of month-end, quarter-end, and year-end close processes and support Actuarial function in running the IFRS 17 inputs to the engine and analyzing the output.
• Review general ledger balances and ensure the accuracy and completeness of accounting records ensuring all accounting entries, accruals, provisions, prepayments, and adjustments are properly recorded and supported.
• Shadow in management accounts and financial performance reports preparation up to IFRS 17 results for Executive Management and the Board.
• Monitor financial performance against budgets, forecasts, and prior periods and provide insights and explanations for variances.

Regulatory and Statutory Reporting

• Ensure compliance with IFRS, Companies Act requirements, tax legislation, and other applicable regulations while overseeing preparation of annual statutory FS and disclosures.
• Drive continuous improvement initiatives aimed at enhancing financial controls and reporting efficiency.
• Monitor changes in accounting standards and regulatory requirements and coordinate implementation activities.

Budgeting and Financial Planning Support

• Support the budgeting, forecasting, and long-term business strategy planning processes.
• Provide financial analysis and reporting support to business units and management.
• Assist in the development of financial models and scenario analysis to support strategic initiatives.

Leadership and Team Management

• Develop staff capabilities through coaching, mentoring, and training initiatives.
• Foster a culture of accountability, compliance, and high performance within the department.

Internal and External Audits

• Contact person to both internal and external auditors deputizing the Chief Accountant in ensuring responsible persons are producing the audit data requested promptly and within audit stipulated timelines

Sustainability Reporting

• Good understanding of ESG and sustainability reporting principles, with knowledge of IFRS S1 and IFRS S2 and their implications for financial reporting and Insurance related disclosures.

ACADEMIC QUALIFICATIONS

• Bachelor's degree in Accounting, Finance, Economics, or related field.

JOB SKILLS AND REQUIREMENTS

• Financial Reporting and Technical Accounting Expertise Strong understanding and application of accounting standards, financial reporting requirements, and technical accounting matters within the insurance industry.
• IFRS and Regulatory Knowledge Sound knowledge of IFRS standards and insurance regulatory reporting requirements to ensure compliance and accurate reporting.
• Analytical and Problem-Solving Skills Ability to analyze complex financial information, identify issues, and develop practical solutions.
• Communication and Presentation Skills Ability to communicate financial information clearly and effectively to management, auditors, regulators, and the Board.
• Time Management and Delivery Ability to manage multiple reporting deadlines and deliver accurate outputs within strict timelines.
• Demonstrable proficiency in leveraging AI tools and emerging technologies to enhance financial reporting, financial analysis, process automation and decision-making.

PROFESSIONAL QUALIFICATIONS

• CPA(K), ACCA or equivalent professional qualification is mandatory

EXPERIENCE

• Minimum of 5 years of progressive finance experience with bias to IFRS 17 reporting
• Experience in statutory reporting, audit management, and regulatory reporting.
• Strong understanding of financial controls, taxation, and financial systems.