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

Vision: To be the leading insurance industry regulator. Mission: To effectively regulate, supervise, develop the insurance industry and protect insurance beneficiaries. Core Values: (i)Accountability: -We exercise prudence in use of public resources entrusted to IRA. (ii)Team Spirit: -We work effectively with others across functional lines to a...

Responsibilities or duties

Developing and implementing sound financial management regulations, policies, procedures, strategies, and plans.

Providing strategic financial leadership and advice to management.

Ensuring effective and efficient use of financial resources.

Planning and coordinating timely preparation of annual Work Plans, Performance Contracting, budget estimates and cash flow projections.

Undertaking budgetary and cost control assignments.

Monitoring budget implementation, cost control and expenditure trends.

Reviewing of the fixed assets register of the Authority.

Review the monthly payroll and recommend for approval.

Undertaking Revenue and Treasury Management and reporting.

Supervising Maintenance of books of account and other financial records.

Undertaking Annual and medium-term budget projections preparation, Budget Implementation, Monitoring and Review.

Developing and implementing Internal Financial Controls.

Preparing financial reports, quarterly and annual financial statements and ensuring submission to relevant institutions as prescribed in the PFM Act 2012 and other regulations and circulars.

Analysing and interpreting financial reports and other accounting records.

Maintaining accurate and complete financial records of the Authority and regularly review the financial system.

Undertaking financial risk management.

Ensuring compliance with applicable financial statutory obligation and circulars.

Undertaking Tax planning and management.

Facilitating and coordinating external and internal audits.

Preparing and presenting finance-related board and senior management papers.

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

For appointment to this grade, an officer must have:

Bachelors in any of the following: Commerce (Accounting or Finance option), Business Administration (Finance or Accounting option) or equivalent qualifications from a recognized institution.

Master’s degree in any of the following: Business Administration (Finance or Accounting option) or equivalent qualifications from a recognized institution.

Part III of Certified Public Accountants (CPA) examination or equivalent qualification from recognized institution.

Member of the Institute of Certified Public Accountants of Kenya (ICPAK) or any other equivalent professional body and in good standing.

Leadership course lasting not less than four (4) weeks from a recognized institution.

Proficiency in Computer Applications.

Experience needed

Nine (9) years cumulative relevant work experience, three (3) of which should have been in the grade of Principal Accountant or in a comparable and relevant position.

Any other provided details (e.g., benefits, work environment, team info, or additional notes)

Competencies and skills

Communication skills

Interpersonal skills

Analytical skills

Report writing skills

Presentation skills

Conflict management

Mentoring, coaching and leadership skills

• Developing and implementing sound financial management regulations, policies, procedures, strategies, and plans.
• Providing strategic financial leadership and advice to management.
• Ensuring effective and efficient use of financial resources.
• Planning and coordinating timely preparation of annual Work Plans, Performance Contracting, budget estimates and cash flow projections.
• Undertaking budgetary and cost control assignments.
• Monitoring budget implementation, cost control and expenditure trends.
• Reviewing of the fixed assets register of the Authority.
• Review the monthly payroll and recommend for approval.
• Undertaking Revenue and Treasury Management and reporting.
• Supervising Maintenance of books of account and other financial records.
• Undertaking Annual and medium-term budget projections preparation, Budget Implementation, Monitoring and Review.
• Developing and implementing Internal Financial Controls.
• Preparing financial reports, quarterly and annual financial statements and ensuring submission to relevant institutions as prescribed in the PFM Act 2012 and other regulations and circulars.
• Analysing and interpreting financial reports and other accounting records.
• Maintaining accurate and complete financial records of the Authority and regularly review the financial system.
• Undertaking financial risk management.
• Ensuring compliance with applicable financial statutory obligation and circulars.
• Undertaking Tax planning and management.
• Facilitating and coordinating external and internal audits.
• Preparing and presenting finance-related board and senior management papers.

• Communication skills
• Interpersonal skills
• Analytical skills
• Report writing skills
• Presentation skills
• Conflict management
• Mentoring, coaching and leadership skills
• Proficiency in Computer Applications

• Nine (9) years cumulative relevant work experience, three (3) of which should have been in the grade of Principal Accountant or in a comparable and relevant position.
• Bachelors in any of the following: Commerce (Accounting or Finance option), Business Administration (Finance or Accounting option) or equivalent qualifications from a recognized institution.
• Master’s degree in any of the following: Business Administration (Finance or Accounting option) or equivalent qualifications from a recognized institution.
• Part III of Certified Public Accountants (CPA) examination or equivalent qualification from recognized institution.
• Member of the Institute of Certified Public Accountants of Kenya (ICPAK) or any other equivalent professional body and in good standing.
• Leadership course lasting not less than four (4) weeks from a recognized institution.