As a key member of the Executive Management team, the Chief Financial Officer will report to the Country GM and the East Africa CFO. The CFO assumes a strategic role in the overall management of the company, and will have have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the company
Core Purpose of the Role:
Ensuring completeness, accuracy and timeliness of transactions to support the statutory and regulatory close and reporting processes. Ensure adherence and compliance with the control environment through collaboration with ERM, Compliance, SOX, Internal and External Audit teams.
- Manage and control local transactions (e.g. AP, AR journals) to ensure compliance to accounting policies. •Management oversight over Finance related operational activities (e.g. sign off invoices before payment, bank transfers, sign off cheques).
- Provide advice to the Business on financial accounting and technical related matters (e.g. AP coding , reinsurance questions).
- Support the audit processes and coordination of local internal and external audits with Finance Centres.•Ensuring SOX compliance (where applicable) and identify opportunities to improve internal control environment. Responsible to track controls in Finance to ensure timely sign off of all controls sheets/documentation, recertification and other SOX controls.
- Manage and report on performance (i.e. KPI/Metric/SLAs) of key financial/general ledger controls (locally and with the Finance Centre) to ensure all processes are executed in a timely manner and adhere to standards and guidelines.
- Review and sign off of reconciliations (balance sheet and bank), payments & intercompany recharges.
- Responsible for assessing and tracking the Finance specific risk registers and resolutions to Risk and Capital Committees.
- Financial and Strategic Acumen: Accomplished finance individual with strong knowledge of the Insurance Industry , local regulatory and tax environment. Able to collaborate across functions and can communicate well with others. Ability to explain complex financial information to non-financial colleagues.
- Managerial Leadership: Able to work cohesively in a matrix structure managing experienced senior finance managers. Able to manage and work with local regulatory authorities.
- Technical Skills : Good understanding of the local, U.S. GAAP & IFRS accounting standards and tax and regulatory requirements.
- Qualified Accountant with at least 5 years experience
- Experience of working in financial services environment, preferably in the insurance industry.
- Experience of engaging with senior management level.
- Fluent in English and local language.
- Proven knowledge and understanding of the local country regulatory framework and requirements.
- Ability to explain complex financial information to non-financial colleagues.
- Prior work experience working within an onshore-offshore model is preferred
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.