Background information about the job or company (e.g., role context, company overview)

Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda). It underwrites General Insurance risks ...

Responsibilities or duties

Financial Reporting

• Oversee the preparation of monthly, quarterly, and annual financial statements in accordance with IFRS and company policies with conjunction with the Actuarial function.
• Ensure timely completion of month-end, quarter-end, and year-end close processes.
• 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.
• Prepare management accounts and financial performance reports for Executive Management and the Board.
• Monitor financial performance against budgets, forecasts, and prior periods and provide explanations for variances.

Regulatory and Statutory Reporting

• Coordinate the preparation and submission of regulatory returns to the Insurance Regulatory Authority and other statutory bodies.
• Ensure compliance with IFRS, Companies Act requirements, tax legislation, and other applicable regulations while overseeing preparation of annual statutory FS and disclosures.
• Coordinate annual external audits and ensure timely resolution of audit findings.
• Drive continuous improvement initiatives aimed at enhancing financial controls and reporting efficiency.
• Monitor changes in accounting standards and regulatory requirements and coordinate implementation activities.

Budgeting and Financial Planning Support

• 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.

Stakeholder and Audit Management

• Act as the primary liaison for external auditors, internal auditors, tax authorities, and regulators on financial reporting matters.
• Provide financial information and explanations required during audits and regulatory reviews.
• Collaborate with actuarial, treasury, operations, underwriting, and investment teams to ensure completeness and accuracy of financial information.

Leadership and Team Management

• Provide leadership and direction to the team.
• Develop staff capabilities through coaching, mentoring, and training initiatives.
• Foster a culture of accountability, compliance, and high performance within the department.

Qualifications or requirements (e.g., education, skills)

ACADEMIC QUALIFICATIONS

• Bachelor's degree in Accounting, Finance, Economics, or related field.
• Master's degree in Finance, Accounting, or Business Administration is an added advantage.

JOB SKILLS AND REQUIREMENTS

• 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.
• Leadership and People Management — Ability to lead, mentor, and develop teams while fostering a high-performance culture.
• 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.

PROFESSIONAL QUALIFICATIONS

• CPA(K), ACCA or equivalent professional qualification is mandatory.

Experience needed

EXPERIENCE

• Minimum of 8–10 years of progressive finance experience with at least 3 years in a management position.
• Experience within a Life insurance company is preferred.
• Strong knowledge of IFRS, particularly IFRS 17 and IFRS 9.
• Experience in statutory reporting, audit management, and regulatory reporting.
• Strong understanding of financial controls, taxation, and financial systems.

• Oversee the preparation of monthly, quarterly, and annual financial statements in accordance with IFRS and company policies with conjunction with the Actuarial function.
• Ensure timely completion of month-end, quarter-end, and year-end close processes.
• 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.
• Prepare management accounts and financial performance reports for Executive Management and the Board.
• Monitor financial performance against budgets, forecasts, and prior periods and provide explanations for variances.
• Coordinate the preparation and submission of regulatory returns to the Insurance Regulatory Authority and other statutory bodies.
• Ensure compliance with IFRS, Companies Act requirements, tax legislation, and other applicable regulations while overseeing preparation of annual statutory FS and disclosures.
• Coordinate annual external audits and ensure timely resolution of audit findings.
• 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.
• Act as the primary liaison for external auditors, internal auditors, tax authorities, and regulators on financial reporting matters.
• Provide financial information and explanations required during audits and regulatory reviews.
• Collaborate with actuarial, treasury, operations, underwriting, and investment teams to ensure completeness and accuracy of financial information.
• Provide leadership and direction to the team.
• Develop staff capabilities through coaching, mentoring, and training initiatives.
• Foster a culture of accountability, compliance, and high performance within the department.

• 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.
• Leadership and People Management — Ability to lead, mentor, and develop teams while fostering a high-performance culture.
• 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.

• Bachelor's degree in Accounting, Finance, Economics, or related field.
• Master's degree in Finance, Accounting, or Business Administration is an added advantage.
• CPA(K), ACCA or equivalent professional qualification is mandatory.