Assistant Finance Manager

The Assistant Finance Manager is responsible for ensuring that the financial reports of JN Life are true reflections of the organization’s financial performance.

ABOUT THE OPPORTUNITY

We are seeking to recruit a suitably qualified and experienced candidate to fill the position of Assistant Finance Manager with JN Life Insurance Company Limited. The Assistant Finance Manager is responsible for ensuring that the financial reports of JN Life are true reflections of the organization’s financial performance. The incumbent must review and monitor results with the aid of appropriate ratios, aged reports and investment reports, where applicable. He/she must carry out periodic review of the policies and procedures to ensure that they support and enable compliance to relevant controls and minimizing risk within acceptable tolerance level. 

JOB CATEGORY: ASSISTANT MANAGERIAL

KEY RESPONSIBILITIES

• Prepare the monthly financial statements of JN Life and present variance reports to explain significant movements
• Provide oversight of financial reporting areas of insurance administration system
• Liaise with Investment Portfolio Managers to execute investments in keeping with the JNLI Investment Policy to maximize returns while minimizing risks
• Prepare reports/presentations for investments requiring Board Investment and Loan Committee approval
• Prepare and disseminate reports to the Internal Investment Committee, where necessary
• Review bank and inter-company reconciliations on a timely basis
• Review sub-ledger to general ledger reconciliation for Accounts Payables and Accounts Receivable Modules, identify and address any reconciling items between the systems
• Review sub-ledger to general ledger reconciliation for insurance admin system, identify and address differences between both systems
• Convene meeting with respective company representatives to address matters that require intervention for timely postings
• Convene meeting with unit leaders in JN Group Finance departments to address any outstanding matters on the reconciliations and seek intervention at the higher level, if necessary with Group Finance Executive on matters relating to inter-company reconciliations and other issues
• Assist with approval of Payables requisition
• Review cheques prepared against approved Accounts Payable edit reports
• Monitor liquidity levels to ensure that liquidity needs and regulatory requirements are adequately met based on liquidity needs of the Company, the liquidity policy and overall market conditions as well as FSC specific regulatory requirements
• Minimize cash balances:- minimize idle cash in the network and in bank accounts i.e. maintaining sufficient cash and bank balances to meet the operational needs of JN Life

REQUIRED QUALIFICATIONS & EXPERIENCE

-      Bachelors in Business Management or its equivalent with at least five years’ experience

-      Accredited Accounting designation

-      MBA would be an asset

-      Management and Supervisory training

PERSONAL ATTRIBUTES

• Excellent communication skills - written and verbal
• Demonstrates a willingness to change ideas or perception
• Good time management with the ability to meet deadlines
• Excellent financial planning & management, organization, multi-tasking and prioritizing skills
• Strong analytical and problem-solving skills with high attention to details
• Keen ability to build relationships and a willingness to co-operate with team members
• Customer-service oriented
• High level of proficiency in the use of computer systems, particularly MS Office suite: Outlook, Word, Excel & PowerPoint, as well as financial spreading software
• Professionalism, dependability, integrity and trustworthiness combined with a cooperative attitude

Interested applicants are being invited to apply via our website 

Attn: HR Business Partner

Group Human Resource Development

75 Knutsford Boulevard, Kingston 5, Jamaica W.I.

CLOSING DATE FOR APPLICATIONS: November 22, 2021