Summary
Date Posted: Wednesday, December 29, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
Job Ref. No. JHLR001
Position: IFRS17 Finance Project Lead.
Employment Terms: 2 Years Fixed Term Contract.
Jubilee is the numberone insurer in East Africa with over 450,000 clients. Jubilee Insurance has a network of offices in
Kenya, Uganda, Tanzania, Burundi and Mauritius. It is the only ISO certified insurance group listed on the three East
Africa stock exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange and Uganda Securities
Exchange.Its regional offices are highly rated on leadership, quality and risk management and have been awarded an AA-in Kenyaand Uganda, and an A+ in Tanzania. For more information, visit www.JubileeInsurance.com.
We currently have an exciting career opportunity for a IFRS17 Finance Project Lead, Jubilee Life Insurance Uganda.
The position holder will report to the Chief Executive Officer.

Role Purpose
Primarily responsible for providing strategic leadership in financial matters relating to Jubilee Life including execution of the Company’s strategy, driving profitable growth as well as maximizing shareholder value. In addition, he/she is responsible for the overall Company Financial Management tasks that involve cash management, budgeting, planning, compliance, organization, reporting, controls, and investments.

Main Responsibilities
• Provide strategic direction on financial matters including accounting, budgeting, forecasting, cash management, statutory reporting, audit, and overall financial control.
• Reviews accuracy, completeness of consolidated financial reports.
• Creates strategic partnerships and linkages with external parties on all financial matters (auditors, banks, accountant, tax advisers, regulatory bodies, industry associations).
• Evaluate and negotiate on long term and short-term financing facilities and makes recommendation to the CEO.
• Develop and monitor Corporate Financial policies, Systems and Processes across the Company.
• Develops and maintains policies relating to maintenance of systems of internal control to safeguard financial and physical assets of the organization.
• Monitor and evaluate the financial performance of Jubilee Life and gives appropriate recommendation(s).
• Assess the benefits of all prospective contracts and advise the CEO on programmatic design and implementation matters.
• Provide strategic direction on financial matters including accounting, budgeting, forecasting, cash management, statutory reporting, audit, and overall financial control.
• Present financial reports to Executive Management Team, Directors, and the Board of Directors.
• IFRS17 methodology position papers: On options & recommendations under non-prescribed technical decisions
• e.g., Level of aggregation, contract boundaries, risk adjustment, investment components, reinsurance contracts approach etc.
• Disclosure preparation under IFRS17 reporting requirements
• Develop controls and documentation around estimates and judgement in IFRS17 implementation for data & results consistency, completeness, and accuracy.
• Model Jubilee financial statements under IFRS17 basis and comparatives to IFRS4.
• Setting up of the general ledger for the reporting on IFRS17 and OFA software
• Training other members within the Company
• IFRS17 inputs to regulatory reports i.e., Quarterly returns to IRA and tax computations for URA
• Support stakeholders on all financial inputs and outputs (Actuarial, Finance, appointed actuary and audit/assurance teams) on IFRS17 reporting within monthly, quarterly & end year reporting timelines
• Work with the actuarial team on the profit-testing of the products under IFRS17 and give recommendations on optimal treatment of onerous contracts
• Risk assessment, management, and reporting under IFRS17 reporting
• Preparing and maintaining monthly, quarterly, and annual returns to the Insurance Regulatory Authority

Key Competencies
• Excellent Analytical skills
• Risk Management
• Technology savvy
• Leadership and people Management
• Treasury Solutions Awareness
• Customer Focus

Qualifications
• Bachelor’s degree in a Business-related field
• CPA, ACCA, CFA
• Member of a relevant professional Accounting /Finance body
• Master’s degree, Finance & Accounting or in a related field will be an added advantage
Relevant Experience
Minimum of ten (10) years’ relevant experience with at least five (5) years in leadership.

Work Hours: 8

Experience in Months: 120

Level of Education: Bachelor Degree

Job application procedure
If you are qualified and seeking an exciting new challenge, please apply via Careers@JubileeInsurance.com quoting the Job Reference Number and Position by 31st December 2021. Only shortlisted candidates will be contacted

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