AIG Insurance – Chief Finance Officer (Nairobi).

This is a senior position which seeks to increase the long term share value and to safeguard the assets of the company by: finding ways to improve the performance of the financial operation, ensuring a satisfactory system of internal controls in the organization, shareholder wealth maximization, safeguarding the assets of the company.

No comments

Increase your chances of landing a job interview, get a free verbal critique of your resume send it to with REVIEW in caps as the subject line. Send your resume for possible placement and free job application guidelines.

IMPORTANT: Read the application instructions keenly

Click the Links Below to Get Job Updates.

Functional Area:
FA – Finance
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AIG Kenya Insurance Co. Ltd
This is a senior position which seeks to increase the long term share value and to safeguard the assets of the company by: finding ways to improve the performance of the financial operation, ensuring a satisfactory system of internal controls in the organization, shareholder wealth maximization, safeguarding the assets of the company – avoiding wastage through prudent investment, maintaining adequate liquidity to facilitate prompt claims service without jeopardizing investment income and ensuring compliance with regulation (Local & US SEC, SOX etc).
Regulatory, Statutory & Management Reporting
  • Overall responsibility for all Finance aspects in Kenya, which includes Tax, Actuarial, Controlling, FP&A and Capital Management responsibilities.
  • Accountable for timely and accurate delivery of AIG Kenya’s external financial reporting and maintenance of a robust control environment.
  • Business partnering and support role to the CEO, which includes updates on business strategy execution and profitability assessments of each line of business
  • Primary Finance contact to the independent, non-executive directors, and responsible for accurate and timely Board reporting
  • Responsible for overseeing the RBC function and the timely/accurate reporting of the Capital position and Capital Planning to the Board
  • Oversight of all local financial statement and regulatory filings, and primary Finance liaison with all regulatory authorities
  • Management of the audit process with external and internal auditors
  • Implement and monitor Monthly Financial Reporting with a key focus on business performance, profitability and strategy execution
  • Establish and implement the regulations on and procedures of financial management, cost management, budget management, accounting, accounting supervision and audit; Supervise the implementation of above-mentioned regulations and procedures;
  • Represent AIG to the regulator regarding all financial matters when required and in the board of directors;
  • Managing capital to meet regulatory requirements, dividend commitments and investment requirements; optimizing deployment of and returns on capital within those constraints;
  • Overseeing the investment management activities of the company;
  • Embedding the use of key performance metrics within the organization to drive actions and improve performance;
  • Delivering well-supported budgets, plans and forecasts in line with AIG’s timelines, along with regular progress updates and action recommendations as appropriate;
  • Ensure proper tax planning, computation and accounting and remittance of all applicable taxes (PAYE, VAT, WHT, etc)
Business Partnership & Leadership
  • Engage with executive management as a strategic partner, influencing the future direction of the company and aligning business and finance strategy to achieve profitable and sustainable growth.
  • Instill a financial approach and mind set throughout the organization as a catalyst to help other parts of the business perform better.
  • Designing and implementing change to organizational design, processes and systems to meet current and future reporting obligations;
  • Improving efficiency whilst maintaining control standards consistent with AIG policies and regulatory requirements;
Control environment and Framework
  • Provide a preventive financial control environment, aligned to company and legislative requirements.
  • Ensure integrity of all financial data in underlying administrative system.
  • Ensure control over operating systems impacting financial performance is implemented and operating effectively.
  • Recommend improvements and adjustments as needed to ensure operational efficiency and meet operating requirements.
  • Remediate and resolve material weaknesses and significant deficiencies identified through internal audit within agreed timelines
  • Liaise with internal auditors and provide recommendations for procedural improvements
  • Keep abreast of local financial, legislative environment; advise the CEO on financial issues which arise and the consequences of proposed course of action.
  • Ensure financial records are maintained in line with company and legislative requirements
  • Ensure Internal and External financial reporting is concluded on a timely manner with appropriate approvals
  • Administer the work of investment committee
  • Review financial analysis for investment purposes as requested by the CEO.
  • Manage account reconciliations accordingly to company and auditors standard
Team Management & Development
  • Leading, mentoring and professionally developing people, making best and highest use of talent including exporting to benefit the wider Group, managing succession plans, fostering a culture of collaboration and promoting and delivering the benefits of working collaboratively to deliver AIG’s strategic objectives
  • Aligning activity of Finance in Kenya with Region and Group
  • Business Degree (B.Com – Accounting or MBA)
  • Certified Public Accountant (K)
  • Member of the ICPAK
  • Minimum of 8 years of experience in a Senior Accounting Position, as Finance Manager or Chief Finance Officer.
  • Working knowledge of a multinational organization is highly recommended.
  • Working in a matrix reporting structure will be an advantage.
  • Business acumen to understand AIG’s business and functions
  • Solving complex problems
  • Managerial courage
  • Organizational Agility
Technical Competencies: –
  • Financial Analysis & Reporting
  • Optimizing work processes
  • Planning
  • Compliance/Regulatory knowledge
  • Management Reporting
  • Business/Product knowledge

    Leadership Competencies: –
  • Dealing with Ambiguity
  • Excellent negotiation and presentation skills
  • Customer relationship building and management
  • Conflict management
  • Team building skills
Click below to apply





Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.