Accountant Financial Reporting at APA Life Assurance Company Ltd

• Job Type Full Time
• Qualification BA/BSc/HND , Professional Certificate
• Experience 5 years
• Location Nairobi
• Job Field Finance / Accounting / Audit
• 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.
• 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.
• 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.
• Develop staff capabilities through coaching, mentoring, and training initiatives.
• Foster a culture of accountability, compliance, and high performance within the department.
• 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
• 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.
• Bachelor's degree in Accounting, Finance, Economics, or related field.
• 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.
• CPA(K), ACCA or equivalent professional qualification is mandatory
• 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.