Background

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.

Key Primary Responsibilities

Financial Reporting

• 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.

Regulatory and Statutory Reporting

• 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.

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.

Leadership and Team Management

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

Internal and External Audits

• 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

Sustainability Reporting

• 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.

Academic Qualifications

Bachelor's degree in Accounting, Finance, Economics, or related field.

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.
• 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.

Professional Qualifications

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

Experience

• 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.

• 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.

• Financial Reporting and Technical Accounting Expertise
• IFRS and Regulatory Knowledge
• Analytical and Problem-Solving Skills
• Communication and Presentation Skills
• Time Management and Delivery
• Demonstrable proficiency in leveraging AI tools and emerging technologies to enhance financial reporting, financial analysis, process automation and decision-making.

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