Jobs at Old Mutual Kenya

Job Description
Job responsibilities will be to manage the end-to-end impairment accounting, provisioning process, Insights generation and business partnering with other related teams (i.e. Business, Credit, Risk, Technology, RoA Banking Cluster and RoA group Risk teams) to implement recommendations to reduce business exposure and providing an oversight balance role to credit risk. The job will also involve additional work around risk implication for pricing and establishing business base rate and product risk rates.

• Ownership and ensuring smooth running of the IFRS9 Operating Model and Governance process
• Ensuring the IFRS9 Operating Model is reviewed, challenged, and improved on a continuous manner
• Ownership of the credit impairment methodology and related policies and procedures
• Oversight of the business, risk, finance, and technology teams involved in the credit impairment provisioning process
• Gaining deep understanding of the IFRS9 models in place and working with the model vendors to understand the model sensitivities and data dependencies
• Own the vendor interaction with core IFRS 9 stake holders
• Effectively work with group and regional teams in Risk, Finance, Credit and RoA.
• Preparation for Model Risk Technical Committee Agenda and review of Action points and minutes for discussion with the Finance Manager.
• Coordinating operational and stress testing activities with Risk and Quantitative Analysis teams
• Ensure compliance to Group policies and governance and controls framework
• Promote a culture of control awareness and best practice across the IFRS 9 impairment process
• Monthly provisions analysis to give insights of the root cause,
• Assist in developing tools and frameworks to incorporate risk-based pricing in product review and development.
• Impairment of Non-Banking items i.e Government and Bank investments
• Ensure compliance in Recognition of interest as per requirements of the standard- Stage 3 loan interest
• Assist in preparations of ad-hoc or special purport reports
• Branch Support in report understanding and impact assessments

Deadline:06 May 2022

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Job Description

• Support in the payroll administration
• Updating monthly payroll inputs both items of earnings and deductions
• Preparation of monthly salary journals; loading salary journals in the financial system and following through with approvals and posting
• Preparation of payroll deductions and submitting the same to the payables team
• Preparation of statutory returns and submitting the same to the respective government bodies
• Preparation of third party reports/deduction schedules and submitting the same to the respective stakeholders
• Accurate assessment of loan applications for both company and SACCO loans
• Acquiring compliance certificates for NSSF & NHIF
• Staff loan creations and IC loan journals processing
• Managing staff loan accounts by ensuring proper records are maintained and reconciliations done monthly
• Preparation of staff loan statements
• Preparation of loan reports for management review
• Follow up and collection of outstanding liabilities from respective intermediaries and ex-staff
• Liaise with MIMO team and Treasury to ensure timely allocation of all payments received
• Ensuring deductions are posted in the UAP-OM Faulu bank account then subsequently to employee loan accounts
• Loan balances alignment between UAP-OM and Faulu
• Monthly salary ledgers and loan ledgers reconciliations, balance sheet substantiation and CIP attestations
• Facilitate Internal and External audits and ensure items identified in the audit process are addressed within the provided timelines

Education

Deadline:  25 April 2022