IRA Hiring Manager Finance.
IRA Hiring Manager Finance
Jobs in Government, Jobs at Insurance Regulatory Authority (IRA)
Vision: To be the leading insurance industry regulator. Mission: To effectively regulate, supervise, develop the insurance industry and protect insurance beneficiaries.
Manager Finance
Job purpose
The position is responsible for implementing strategies aimed at prudent management of the Authority’s financial resources through planning, financial management and control, analysis and providing reports on financial position in accordance with applicable laws and standards.
Job Specifications
Duties and responsibilities will entail:
Managerial / Supervisory Responsibilities
- Lead in implementation of financial policies, plans and Departmental strategies;
- Champion implementation and management of the Authority’s financial reporting system to cater for departments operations;
- Lead in implementation of government policy directives and circulars;
- Oversee maintenance of financial records in accordance with statutory provisions;
- Coordinate preparation of monthly management accounts and analyse financial discrepancies to ensure correctness of financial information;
- Monitor utilisation of allocated funds, analysis of revenues and outline of variances to ensure revenues and costs are duly captured and reported;
- Manage implementation of approved departmental budget;
- Coordinate implementation of recommendations of external and internal audit reports;
- Manage tax compliance measures and adherence to other statutory obligations of the Authority;
- Oversee preparation of quarterly and annual financial statements in accordance with reporting standards and statutory provisions;
- Coordinate payroll management and processes;
- Coordinate implementation of effective Accounting system and Standard Operating Procedures to safeguard prudent use of financial resources and integrity of financial information;
- Manage departmental risk to ensure risks are effectively monitored and controlled;
- Oversee implementation of departmental performance contracting activities and ensure targets are met;
- Provide leadership in execution of assigned accounting tasks within set deadlines;
- Contribute in preparation and presentation of board papers.
Operational Responsibilities / Tasks
- Review and approve month-end account closing activities such as reconciliations and journal entries;
- Respond to accounting inquiries from management and resolve financial queries as they arise;
- Contribute in review of existing accounting and internal controls procedures and recommend changes;
- Verify and confirm corporate tax assessment and compliance with statutory requirements;
- Verify weekly cash flow forecasts;
- Review and approve payments;
- Facilitate audit activities by providing responses to audit queries and providing relevant supporting evidence;
- Review and Approve performance targets of direct reports;
- Mentor and coach staff members within the department.
Persons Specifications
- Master’s degree in any of the following: Commerce, Accounting, Business Administration, Finance, or their equivalent qualification from a recognized institution;
- Bachelor’s Degree in Commerce, Accounting, Finance;
- CPA (K) or equivalent;
- Minimum KCSE B or its equivalent;
- Member of a relevant professional body recognized in Kenya;
- Nine (9) years relevant working experience;
- Management Course lasting not less four (4) weeks; and
- Meets the provision of chapter six of the constitution.
Competencies and skills
- Strong communication and presentation skills;
- Good mentorship and coaching skills;
- Good analytical skills;
- Problem solving;
- Professionalism;
- Strong negotiation skills;
- Leadership and supervision skills.
IRA Job Application
Terms of Offer:
The Authority offers an attractive remuneration package commensurate with the duties and responsibilities of each position.
Successful candidates for positions in Job Grade IRA 4 to IRA 10 shall be appointed on Permanent and Pensionable terms of service.
Application:
Interested applicants MUST adhere to the application instructions provided below:
- The applicants MUST submit their biodata online by filling in the form provided in the link below: https://forms.office.com/r/L8fWqDZ1r1
- In addition, the applicants MUST send their hard copy applications enclosing their Curriculum Vitae and copies of relevant academic and professional certificates and copy of National Identification Card. The applicant MUST also include telephone number, e-mail address and names and addresses of three (3) referees familiar with the applicant’s professional background and experience.
Hard Copy Applications addressed to the undersigned, to be sent by post or delivered to the Insurance Regulatory Authority at Zep Re Place, 2nd Floor, Longonot Road, Upper Hill. Please note that these should be sealed, marked “Confidential” and indicate the job reference (e.g. “REF: MF/05” for Manager Finance).
Commissioner of Insurance & Chief Executive Officer
Insurance Regulatory Authority
Zep-Re Place
P.O Box 43505-00100
Nairobi
Applications must be received by close of business at 5pm on Friday 28th June 2024.
Compliance Requirement:
In accordance with The Employment (Amendment) Act, 2022, the Authority will require candidates it wishes to enter into a written contract of service with to comply with Chapter Six of the Constitution by submitting mandatory compliance and clearance certificates from the relevant entities.
Important:
IRA is an Equal Opportunity Employer
Canvasing in any manner shall lead to automatic disqualification.
Only shortlisted candidates will be contacted for interviews.