Background

Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling Life, Pensions, general and Medical insurance.

Role Purpose

The Finance Manager for Business Technology Services (BTS) is responsible for managing and optimizing the financial operations of BTS. This role ensures accurate financial planning, cost control, and compliance while supporting strategic technology investments. Additionally, the Finance Manager oversees financial management of IT vendors and OEMs, ensuring timely payments, contract compliance, and cost efficiency. The Finance Manager partners with BTS leadership to streamline procurement, invoice reconciliation, and budgeting processes, enabling the department to focus on innovation and technical delivery

Key Responsibilities

Strategy

• Develop and implement financial strategies aligned with BTS objectives and overall business goals.
• Prepare annual budgets, forecasts, and financial models to support BTS initiatives and growth.
• Advise BTS leadership on financial implications of technology investments and cost optimization opportunities.
• Monitor emerging trends in financial management for technology environments to enhance efficiency.
• Contribute to digital transformation initiatives by embedding financial governance in BTS systems and processes.
• Support strategic decision-making by providing scenario analysis, risk assessments, and investment evaluations for BTS projects

Operational

• Oversee day-to-day finance operations for BTS, including accounting, invoicing, payroll coordination, and cash flow management.
• Ensure timely reconciliation of vendor invoices, procurement transactions, and expense claims.
• Monitor BTS expenditure against approved budgets, identify variances, and implement corrective actions.
• Develop and automate financial reporting tools and dashboards for BTS leadership and executive management.
• Implement cost optimization strategies for BTS investments, including vendor negotiations and contract reviews.
• Collaborate with BTS teams to define financial processes, reporting requirements, and performance metrics.
• Ensure accurate allocation of costs across BTS projects and services to support transparency and accountability.

Corporate Governance

• Ensure compliance with tax regulations, statutory requirements, and internal financial controls across BTS operations.
• Develop and maintain documentation for financial processes, policies, and risk management frameworks specific to BTS.
• Support internal and external audits by providing accurate, transparent, and traceable financial data.
• Promote accountability and financial integrity across BTS operations through robust internal controls and governance practices.
• Implement fraud prevention measures and conduct periodic reviews of BTS financial processes.

People and Culture

• Foster collaboration between finance and BTS teams to achieve shared objectives and improve crossfunctional efficiency.
• Mentor and develop finance staff supporting BTS, promoting a culture of accountability, innovation, and continuous improvement.
• Support knowledge sharing across departments to build financial literacy and awareness within BTS teams.
• Lead by example, demonstrating ethical conduct, precision, and high performance standards in all interactions.
• Encourage a culture of transparency and proactive communication regarding financial matters within BTS.

Leadership

• Provide strategic leadership for the BTS finance function, ensuring alignment with organizational goals and priorities.
• Influence decision-making at senior levels through clear financial insights, forecasts, and recommendations.
• Drive change management initiatives to improve financial processes, systems, and reporting within BTS.
• Build strong relationships with internal and external stakeholders to support BTS growth and sustainability.
• Represent BTS finance in executive forums, ensuring the department’s financial needs and priorities are understood and addressed.

IT Vendors / OEMs Management

• Manage financial aspects of vendor and OEM relationships, including contract reviews, payment schedules, and compliance with agreed terms.
• Ensure timely processing and reconciliation of invoices from vendors and OEMs supporting BTS operations.
• Monitor vendor performance and cost-effectiveness to optimize BTS procurement spend.
• Collaborate with procurement and BTS teams to negotiate favorable financial terms and maintain strong vendor partnerships.
• Implement controls to prevent overbilling, duplicate payments, and ensure transparency in vendor transactions.

Key Competencies

• Technical Expertise: Strong knowledge of financial modeling, budgeting, and cost optimization; familiarity with BTS investment analysis.
• Analytical Thinking & Problem-Solving: Ability to interpret complex financial data and provide actionable insights.
• Business Acumen: Understanding of BTS investments and their impact on business performance.
• Collaboration & Teamwork: Skilled at bridging finance and BTS functions to achieve shared objectives.
• Communication Skills: Ability to present financial information clearly to technical and non technical stakeholders.
• Project Management: Capable of leading and delivering financial projects within timelines and budgets.
• Adaptability & Continuous Learning: Maintains flexibility in dynamic environments and proactively updates knowledge of emerging financial practices.
• Integrity & Accountability: Demonstrates ethical conduct, precision, and responsibility in handling financial data and delivering insights.
• Leadership: Proven ability to inspire, influence, and lead teams toward achieving strategic objectives.

Key Deliverables for the Role

• Accurate and timely BTS financial reports and dashboards.
• Annual budgets and forecasts aligned with BTS strategy.
• Cost optimization plans for BTS investments.
• Compliance with financial governance and audit requirements.
• Clear documentation of financial processes and reporting requirements.
• Effective collaboration between finance and BTS teams.
• Leadership in driving financial excellence within BTS.

Academic Qualifications

• Bachelor’s degree in Finance, Accounting, or related field (CPA/ACCA preferred).
• Professional certification in finance or accounting.
• Strong ability to translate numeric data into actionable insights and business cases.

Relevant Experience

• Minimum 8 years of experience in finance leadership roles, ideally supporting technology or BTS functions.
• Proven track record in managing budgets, cost optimization, and financial reporting.
• Experience with procurement processes, vendor management, and invoice reconciliation.
• Familiarity with BTS investment analysis and ROI tracking.
• Exposure to governance frameworks and audit processes.
• Demonstrated ability to manage financial projects within timelines and budgets

• Develop and implement financial strategies aligned with BTS objectives and overall business goals.
• Prepare annual budgets, forecasts, and financial models to support BTS initiatives and growth.
• Advise BTS leadership on financial implications of technology investments and cost optimization opportunities.
• Monitor emerging trends in financial management for technology environments to enhance efficiency.
• Contribute to digital transformation initiatives by embedding financial governance in BTS systems and processes.
• Support strategic decision-making by providing scenario analysis, risk assessments, and investment evaluations for BTS projects
• Oversee day-to-day finance operations for BTS, including accounting, invoicing, payroll coordination, and cash flow management.
• Ensure timely reconciliation of vendor invoices, procurement transactions, and expense claims.
• Monitor BTS expenditure against approved budgets, identify variances, and implement corrective actions.
• Develop and automate financial reporting tools and dashboards for BTS leadership and executive management.
• Implement cost optimization strategies for BTS investments, including vendor negotiations and contract reviews.
• Collaborate with BTS teams to define financial processes, reporting requirements, and performance metrics.
• Ensure accurate allocation of costs across BTS projects and services to support transparency and accountability.
• Ensure compliance with tax regulations, statutory requirements, and internal financial controls across BTS operations.
• Develop and maintain documentation for financial processes, policies, and risk management frameworks specific to BTS.
• Support internal and external audits by providing accurate, transparent, and traceable financial data.
• Promote accountability and financial integrity across BTS operations through robust internal controls and governance practices.
• Implement fraud prevention measures and conduct periodic reviews of BTS financial processes.
• Foster collaboration between finance and BTS teams to achieve shared objectives and improve crossfunctional efficiency.
• Mentor and develop finance staff supporting BTS, promoting a culture of accountability, innovation, and continuous improvement.
• Support knowledge sharing across departments to build financial literacy and awareness within BTS teams.
• Lead by example, demonstrating ethical conduct, precision, and high performance standards in all interactions.
• Encourage a culture of transparency and proactive communication regarding financial matters within BTS.
• Provide strategic leadership for the BTS finance function, ensuring alignment with organizational goals and priorities.
• Influence decision-making at senior levels through clear financial insights, forecasts, and recommendations.
• Drive change management initiatives to improve financial processes, systems, and reporting within BTS.
• Build strong relationships with internal and external stakeholders to support BTS growth and sustainability.
• Represent BTS finance in executive forums, ensuring the department’s financial needs and priorities are understood and addressed.
• Manage financial aspects of vendor and OEM relationships, including contract reviews, payment schedules, and compliance with agreed terms.
• Ensure timely processing and reconciliation of invoices from vendors and OEMs supporting BTS operations.
• Monitor vendor performance and cost-effectiveness to optimize BTS procurement spend.
• Collaborate with procurement and BTS teams to negotiate favorable financial terms and maintain strong vendor partnerships.
• Implement controls to prevent overbilling, duplicate payments, and ensure transparency in vendor transactions.

• Strong knowledge of financial modeling, budgeting, and cost optimization; familiarity with BTS investment analysis.
• Ability to interpret complex financial data and provide actionable insights.
• Understanding of BTS investments and their impact on business performance.
• Skilled at bridging finance and BTS functions to achieve shared objectives.
• Ability to present financial information clearly to technical and non technical stakeholders.
• Capable of leading and delivering financial projects within timelines and budgets.
• Maintains flexibility in dynamic environments and proactively updates knowledge of emerging financial practices.
• Demonstrates ethical conduct, precision, and responsibility in handling financial data and delivering insights.
• Proven ability to inspire, influence, and lead teams toward achieving strategic objectives.

• Bachelor’s degree in Finance, Accounting, or related field (CPA/ACCA preferred).
• Professional certification in finance or accounting.
• Strong ability to translate numeric data into actionable insights and business cases.