Old Mutual Jobs in Kenya

Old Mutual Jobs in Kenya

Old Mutual plc is a leading multinational long-term savings, protection and investment group which has been operating for over 169 years. It has operations in Africa, Europe, the Americas and Asia, supported by over 56,000 employees serving over 16 million customers.
Old Mutual is listed on the London and Johannesburg Stock Exchange.
Old Mutual Kenya comprises of Old Mutual Life Assurance, Old Mutual Investment Group, Old Mutual Investment Services, Old Mutual Securities and Faulu Microfinance Bank.
The company has opportunity for qualified, experienced and talented individuals to fill the following positions:
1. Finance Manager – Reporting
Reporting to the Group Finance Manager, this role leads the Financial Reporting team and responsible for maintaining highest levels of integrity, quality and timeliness in financial reporting, while ensuring compliance to the Old Mutual internal policies, regulatory and International Financial Reporting standards.
The key objectives for this position are:

Responsible for internal and external group financial reporting to the management, boards, regulator and other stakeholders.

Accuracy of the trial balance and financial information through constant liaison with the Finance Operations team.

Responsible for recommending and authorizing all entries including post balance sheet transactions.

Capital management for all entities by ensuring sufficient capital exists and optimization of available cash and liquidity requirements.

Responsible for the development of the audit plan in conjunction with the external Auditors and the Board Audit Committee.

Key player in the business planning process by collating information from internal stakeholders and liaison with the Old Mutual Africa Finance Team.

Monitors companywide and business unit expenditure against the budgets and carries out variance analysis.

Leads and manages the Reporting team.

Other allocated duties and projects. Qualifications and Experience

Bachelor’s degree in finance or related field.

Master’s degree qualifications in Finance desirable

Certified Public Accountant/ACCA qualifications.

At least five years financial reporting experience in the financial services sector with supervisory/managerial responsibility.

Knowledge of the current Insurance, Retirement Benefits Authority Capital Markets Authority and Banking regulations

Fully conversant with the business planning process and financial reporting standards and procedures.

Demonstrate good communication and leadership skills with high personal integrity

Excellent IT skills and proficiency in all MS office applications and accounting software

High levels of energy, drive, creativity and innovation Leadership skills

Strong business acumen and good understanding of the market

Self-starter who shows initiative and is able to work with minimal supervision. 2. Finance Manager – Operations
Reporting to the Group Finance Manager, this position leads the finance operations team charged with the responsibility of payables, receivables, treasury management and financial controls to ensure integrity, accuracy and completeness of financial information generated from the financial systems for the purposes of management decision making.
The key objectives for this position are:

Responsible for maintaining continuous, complete and accurate accounting records for trail and audit purposes.

Robust and prudent treasury management through cash flow management, establishing business need requirements and liaison with fund managers for investing of surplus funds for shareholder and client returns

Responsible for all payments from the business i.e. Client and shareholder related payables whilst ensuring that this follows laid down procedures to mitigate against delays, incorrect/wrongful pay-outs and fraudulent payment

Custodian of finance operations policies and procedures and promoting adherence to company values within the team.

Management of business debtors, staff recoveries and other receivables within credit period as stipulated in the credit policy.

Responsible for team output and data integrity of the General Ledger and trial balance.

Continuous engagement with all internal and external stakeholders such as staff, bank, custodian, trustees to ensure that proper financial records are maintained and opportunities to enhance business relationships are harnessed.

Support business units by delivering on Finance Operations service level agreements.

Maintain zero unsatisfactory audits status by putting in place sufficient mitigation action-plans to minimize finance operation risks and clearance of all audit management letter items.

Accurate and timely posting and reconciliations of General Ledger /Thought Express control accounts, bank reconciliations, receivables and payables controls by ensuring timeliness, accuracy and efficiency of financial information.

Talent growth, staff motivation, creation of appropriate culture, staff development, succession planning and mobility of staff within finance operations

Any other duties that may be allocated by management from time to time. Qualifications and Experience

Bachelor’s degree in finance or related field.

Master’s degree in Finance or related field desirable.

Certified Public Accountant/ACCA qualifications

Minimum 5 years’ managerial/supervisory experience in the financial services sector

Knowledge of the current Insurance, Retirement Benefits Authority and Capital

Markets Authority regulations

Demonstrate good communication and leadership skills with high personal integrity

Proven analytical skills

Excellent IT skills and proficiency in all MS office applications and accounting software

High levels of energy, drive, creativity and innovation

Strong business acumen and good understanding of the market

Self-starter who shows initiative and is able to work with minimal supervision. How to Apply
Interested candidates who meet the above requirements are requested to apply for the role through Old Mutual Jobs in Kenya by 20th November 2014.
ONLY short-listed candidates will be contacted.