2 Job Positions at Mayfair Insurance Company Rwanda Ltd: ( Deadline 29 December 2022)

2 Job Positions at Mayfair Insurance Company Rwanda Ltd: ( Deadline 29 December 2022)

Senior Accountant at Mayfair Insurance Company Rwanda Ltd: ( Deadline 29 December 2022)

JOB ADVERTISEMENT

Job position: Senior Accountant.

Introduction

Mayfair Insurance Company Rwanda Ltd is a general insurance company providing various general insurance products in Rwanda since May 2017. It is regulated by the National Bank of Rwanda and since inception the company has been on an upward trend, experiencing phenominal steady growth both on the turnover and profitability. The Company is part of the network of Mayfair Insurance companies across the region (Kenya, Tanzania, Zambia, Uganda and DRC).

The Head-office of Mayfair Insurance Company Rwanda Ltd is located at Makuza Peace Plaza, 2^nd Floor.

Reports to: Finance Manager

JOB PURPOSE/JOB VALUE

We are looking for a detail-oriented senior accountant to perform and coordinate accounting duties within our organization. The senior accountant’s responsibilities include preparing financial reports, performing account reconciliations, maintaining the general ledger, preparing tax returns, assisting with audit preparations, and performing other accounting duties as assigned. To be successful as a senior accountant, you should have a solid working knowledge of International Financial Reporting Standards (IFRS) and strong financial analysis skills. An outstanding senior accountant should also possess strong Excel skills, be detail-oriented, highly organized, and able to work with little to no supervision and perform under pressure.

RESPONSIBILITIES

• Coordinating accounting functions and programs.
• Preparing financial statements and reports.
• Preparing revenue projections and forecasting expenditure.
• Assisting with preparing and monitoring budgets.
• Maintaining and reconciling general ledger accounts.
• Assisting with annual audit preparations.
• Investigating and resolving audit findings, account discrepancies, and issues of non-compliance.
• Contributing to the development of new or amended accounting systems, programs, and procedures.
• Verify, allocate, post and reconcile accounts payable and receivable.
• Provide technical support and advice to Accountant and Assistant accountant.
• Review and recommend modifications to accounting systems and procedures.
• Participate in financial standards setting and in forecast process.
• Provide input into department’s goal setting process.
• Prepare financial statements and produce budget according to schedule.
• Assist with tax audits and tax returns.
• Direct internal and external audits to ensure compliance.
• Plan, assign and review staff’s work.
• Support month-end and year-end close process.
• Develop and document business processes and accounting policies to maintain and strengthen internal controls.
• Ensure compliance with IFRS principles.
• Liaise with Finance Manager to improve financial procedures

TECHNICAL SKILLS;

• Strong knowledge in accounting and international financial reporting standard (IFRS),
• Demonstrated skills in Rwandan tax laws and regulations,
• Excellent computer skills including word processing, Excel and PowerPoint,
• Strong Analytical and Problem-solving skills,
• Thorough knowledge of General Ledger accounting and account reconciliation,
• Experience with accounting software,
• Highly detail Oriented,
• Good verbal and written communication skills in English and Kinyarwanda; basic French knowledge would be a plus,
• Ability to work independently with minimal close-support from a supervisor,
• Ability to work with a variety of personnel.

QUALIFICATIONS AND COMPETENCIES

The Senior accountant must have;

• At least bachelor’s degree in accounting, or Finance,
• Professional qualification (CPA or ACCA).

EXPERIENCE

• At least four (4) years working experience in managerial position in an insurance company or related field.
• Previous experience in the finance department of an insurance company will be an added value.

REQUIRED DOCUMENTS

• Application letter addressed to the Managing Director of Mayfair Insurance Company Rwanda Ltd;
• Updated signed CV;
• Academic documents;
• Professional Certificate;
• Copy of national ID card/passport.

The application addressed to the Managing Director of Mayfair Insurance Company Rwanda Ltd shall be submitted at the head-office of Mayfair Insurance Company Rwanda Ltd located in the building Makuza Peace Plaza, 2^nd Floor, or email to [email protected] not later than 29^th December 2022 at 5h:00 PM (Local time).

NB:

1. Only shortlisted candidates will be contacted for tests and/or interviews.
2. The successful candidate will be required to bring required documents as per our internal policy requirements.

Done at Kigali, on 16^th December, 2022.

MUHIMUZI Mugisha Daniel

Managing Director

Internal Auditor at Mayfair Insurance Company Rwanda Ltd: ( Deadline 29 December 2022)

JOB ADVERTISEMENT

Job position: Internal Auditor.

Introduction

Mayfair Insurance Company Rwanda Ltd is a general insurance company providing various general insurance products in Rwanda since May 2017. It is regulated by the National Bank of Rwanda and since inception the company has been on an upward trend, experiencing phenominal steady growth both on the turnover and profitability. The Company is part of the network of Mayfair Insurance companies across the region (Kenya, Tanzania, Zambia, Uganda and DRC).

The Head-office of Mayfair Insurance Company Rwanda Ltd is located at Makuza Peace Plaza, 2^nd Floor.

Reports to: Managing Director and Board of Directors

JOB PURPOSE/JOB VALUE

The Internal Auditor shall assist the Board to discharge their responsibilities in the promotion of effective internal controls and provide assurance on the efficiency & effectiveness of the company business processes.

The Internal Auditor shall carry our all-internal audit activities that are necessary to full his/her responsibilities and ensure that all material areas of risk of the company are subject to appropriate audit within the reasonable timeframe.

MAIN RESPONSIBILITIES/ACCOUNTABILITIES OF THE JOB (KEY RESULT AREAS).

• Establishing and implementing a risk- based audit plan.
• Developing a detailed audit plan, charter, questionnaire on annual basis indicating scope for each internal audit assignment.
• Evaluating the adequacy of the company’s policies and process.
• Discussing audit coverage with management and the HR & Audit Committee.
• Reviewing levels of compliance with established policies, procedures, and processes.
• Verifying segregation in respect of company and policyholder’s assets.
• Conducting regular assessments of internal controls and recommend improvements as needed.
• Monitoring and evaluating governance and control process.
• Performing internal audit in compliance with the professional best practice of internal auditing.
• Reporting on the findings to Management and secure comments before presenting to the Audit & HR Committee.
• Monitoring the clearing and implementation of the external auditors’ audit findings and recommendations.
• Work closely with the external auditors and other assurance providers to ensure synergy of approach.
• Perform any other additional investigation or assurance services as when requested by management and Board.
• Coordinate all internal audit department’s activities and responsibilities.

OTHER DUTIES

• Perform any other duties as may be assigned from time to time by the Supervisors.

KEY PERFORMANCE INDICATORS

• Approved and updated internal audit plan and charter.
• Audit coverage, quality, and its consistence.
• 100% adherence to reporting timeline.

QUALIFICATIONS AND COMPETENCIES

1.Academic and Professional Qualification

• Bachelor’s degree in accounting, finance, or other relevant field, master’s degree in these fields being preferred and;
• any of Certified Internal Auditor (CIA), ACCA, Certified Public Accountant (CPA).

2.RELEVANT EXPERIENCE

• 5 years of progressively responsible full-time experience as an auditor of which 3 has been

passed working as manager of the organization or as a board member of a financial institution.

Required documents

• Application letter addressed to the Managing Director of Mayfair Insurance Company Rwanda Ltd;
• Updated signed CV;
• Academic documents;
• Professional certificate;
• Copy of national ID card/passport.

The application addressed to the Managing Director of Mayfair Insurance Company Rwanda Ltd shall be submitted at the head-office of Mayfair Insurance Company Rwanda Ltd located in the building Makuza Peace Plaza, 2^nd Floor, or email to [email protected] not later than 29^th December 2022 at 5h:00 PM (Local time).

NB: 1. Only shortlisted candidates will be contacted for tests and/or interviews.

2. The successful candidate will be required to provide required documents as per our HR policy requirements.

Done at Kigali, on 16^th December 2022.

MUHIMUZI Mugisha Daniel

Managing Director