Planning, Controlling and Reconciliation Manager- Insurance Experience

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.

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.

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· 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

· Bachelor’s degree in accounting, Business administration or a related field

· Qualified Accountant or Partly qualified with ICAGH, ACCA or its equivalent.