KUSCCO MUTUAL ASSURANCE

Careers

KUSCCO Mutual Assurance is a subsidiary company of KUSCCO LTD, licensed by the Insurance Regulatory Authority (IRA) to operate as a life insurer in Kenya. Our mission is to be Dedicated to providing innovative insurance products for quality protection with value pricing to the uninsured and the under insured.

We are seeking a talented and experienced professional to fill the following vacant position.

S/No

VACANCY

 

JOB GROUP

NO. OF POST

1.

Deputy Finance Manager

 

KMAL 4

1

                              

  1. DEPUTY FINANCE MANAGER

           Reporting To: The CEO

           Grade: 4

           Location: Nairobi

Position Summary

To assist the Head of Finance in establishing and maintaining an effective and efficient financial management system: -financial reporting, cost control, budgeting, regulatory and statutory compliance, cash flow management, safeguarding the assets with an aim of attaining profitability.

Duties & Responsibilities

  • Assist in developing and maintaining adequate operational and financial controls in the business: – systems, processes and people.
  • Assist in reviewing budgets and financial plans of the company and ensure strict adherence to the budgets and plans.
  • Conduct periodic review of policies and procedures to ensure their relevance to the business strategy and changing organizational needs.
  • Monitor financial risk exposures through monthly risk reporting and suggest ways to manage financial risk.
  • Manage cash inflows and outflows to ensure optimum levels of liquidity and investments.
  • Ensure timely and accurate recording of financial transactions and compliance with international accounting standards and other relevant regulations;
  • Ensure the company operates at a positive cash flow at all times.
  • Review and file returns to the regulator and other statutory bodies on monthly, quarterly and yearly.
  • Review the completeness of the asset register and confirm that it is in line with the company accounts.
  • Confirm investment in company assets are within company investment policy statement and guided by the Insurance Act and advice the fund management monthly.
  • Review management and financial reports for completeness and preparation of board papers on a monthly and quarterly basis respectively.
  • Approve payments and check that all accounting transactions are posted to the correct cost centers.
  • Manage cash flows, control costs and action on audit recommendations;
  • Liaise with external stakeholders e.g. banks, IRA, KRA towards enhancement of company operations and
  • Carry out any other duties assigned by your supervisor from time to time

Minimum Qualifications & Experience Required

  • A bachelor’s degree in Finance or any other business-related subjects.
  • Master’s Degree in Finance will be an added advantage.
  • Professional qualifications (CPA-K, ACCA).
  • Membership to a relevant professional body in good standing such as the Institute of Certified Public Accountants of Kenya (ICPAK).
  • Minimum of 10 years of relevant experience.
  • Must have experience in the insurance industry or financial services industry (A MUST).
  • Must have knowledge of IFRS-17.
  • Strong financial, accounting, and managerial skills.
  • Strong ability to implement and monitor internal controls.

If you believe your experience, competencies and qualifications match the job and role specifications described; send your application letter (stating the POSITION YOU ARE APPLYING for and your current and expected pay) & updated CV (with details of at least 3 referees one of which must be immediate or former supervisor) addressed to the Chief Executive Officer to reach us on or before 17th April 2025 by email to: recruitment@kusccomutual.co.ke.

N/B: Due to the urgency to fill the positions, shortlisting will be done on a rolling basis.

 

KUSCCO MUTUAL ASSURANCE