Assistant Finance Manager – BAM

Britam Holdings Plc is a diversified financial services group founded in 1965, based in Nairobi, Kenya. It operates across banking, financial services, and insurance sectors, providing a wide range of financial products and services.

The Assistant Finance Manager will be responsible for ensuring effective financial reporting, review, and oversight for Britam Asset Managers (BAM), including its related entities, Special Purpose Vehicles (SPVs), Unit Trust Funds, and Alternatives. This involves guaranteeing the accuracy and timeliness of financial information, maintaining robust reconciliations, ensuring adherence to regulatory requirements, implementing effective financial controls, and providing essential decision-support reporting for management, the Executive Committee (EXCO), and the Board.

1. Review and oversee the preparation of financial reports for BAM Kenya, Uganda, SPVs, Unit Trust Funds, and Alternatives.
2. Examine monthly and annual financial statements, management accounts, trial balances, and supporting schedules for BAM Kenya.
3. Prepare Board Packs, EXCO Packs, Finance Leaders Reports, and Operations Reconciliation Reports.
4. Analyze financial performance, variances, key movements, risks, and management commentary to support decision-making.
5. Scrutinize and challenge reconciliations for bank accounts, intercompany transactions, receivables, payables, investments, tax, and fixed assets.
6. Review and approve journals, month-end adjustments, accruals, prepayments, commissions, payroll, and investment income entries.
7. Review CMA regulatory reports and supporting financial information, ensuring timely and accurate submissions.
8. Examine Risk-Based Capital Adequacy (RBCA) reports and supporting schedules for completeness and accuracy.
9. Conduct tax reviews covering VAT, withholding tax, and other applicable tax computations, reconciliations, returns, and payments.
10. Review and approve payment requisitions, payment vouchers, fund transfer instructions, and other disbursements in line with delegated authority.
11. Review financial statements and reporting packs for all SPVs, ensuring completeness, accuracy, and compliance with Group requirements.
12. Coordinate internal and external audit processes, including reviewing audit schedules, responding to audit queries, and following up on agreed actions.
13. Review operational and financial reconciliation reports, identify root causes of variances, and monitor the resolution of outstanding items.
14. Supervise, coach, and review work performed by finance team members, ensuring timely delivery of reporting and control activities.
15. Support budgeting, forecasting, cash flow management, and financial analysis as required.
16. Review systems-generated reports, User Acceptance Testing (UAT) outputs, and reporting developments to safeguard data integrity and reporting accuracy.
17. Drive continuous improvement of finance processes, controls, reconciliations, and management reporting.
18. Perform any other duties as required.

1. Bachelor of Commerce degree in Accounting/Finance or an equivalent qualification.
2. Master’s degree in a business-related field is an advantage.
3. Professional accounting qualification such as CPA(K) or ACCA, with membership in ICPAK or a relevant professional body.
4. At least 3 years of relevant experience in a busy finance, investment management, insurance, or financial services environment.
5. Strong knowledge of IFRS, financial reporting, reconciliations, regulatory reporting, taxation, and financial controls.
6. Strong analytical, report writing, communication, and stakeholder management skills.
7. Proficiency in Financial Reporting & IFRS.
8. Expertise in Fund & Investment Accounting.
9. Knowledge of Risk Management & Internal Controls.
10. Understanding of Regulatory & Tax Compliance.
11. Skills in Financial Analysis & Management Advisory.
12. Competence in Reconciliations & Data Integrity.
13. Experience with Audit & Process Improvement.