Stratostaff Careers

Job Purpose
Responsible for maintaining the people's cost budget to ensure operations are within budget. Manage the payroll function, ensuring accurate & timely payment of employees' salaries along with compliance to statutory requirements. Responsibilities include calculating employees' compensation, updating our internal payroll databases and ensuring timely payments

Responsibilities and Accountabilities 

• Collecting daily, weekly, and monthly employee time sheets and calculating employee work hours. 
• Manage the payroll processing end to end 
• Prepare monthly people cost budget/actual variance analysis and reporting and communication to various functions 
• Ensure accurate preparation and submission of monthly statutory payment remittances and proper filing of all statutory returns and receipts 
• Maintain compliance requirements as per regulatory and company guidelines
•  Accurate reconciliation & authorization of payroll reports and schedules 
• Ensure timely payment of Salaries and remittance of Statutory and other authorized deductions 
• Ensuring all payroll transactions are processed efficiently.  Preparing payroll reports. 
• Responding to employee questions about compensation, taxes, benefits, and deductions. 
• Entering new employee data into the company database. 
• Any other responsibilities as assigned by the management

Minimum Requirements 

• Undergraduate degree in Accounting and/or Finance from a reputable institution.
• ACCA/ CPA qualification Part Two
• At least 1 years' experience in Payroll administration. 
• Advanced excel and knowledge in SAGE Accounting system will be an added advantage 
• Must have experience working with an ERP as well as a payroll system
•  Knowledge of Statutory payroll deductions.

 Competencies and Attributes

• Excellent analytical, communication and reporting skills
• Innovative and creative thinker in problem solving
• Efficient and results oriented 
• Self-motivated person able to work under minimum supervision
•  Good eye for detail 
• Excellent analytical, communication and reporting skills
• At least 1years' experience in Payroll administration. 
• Innovative and creative thinker in problem solving 
• Efficient and results oriented
•  Self-motivated person able to work under minimum supervision
• Integrity
• Relationships and working contacts 

Environment

• This is an office-based role with occasional field visits 

Key Areas of Responsibility

• Identify insurance business opportunities, within the bank branch for long term and short term.
• Negotiate and close business deals within the guidelines provided.
• Drive achievement of the annual, quarterly and monthly production budget targets. Ensure the business generated are within the guidelines provided relating to quality.
• Seek accurate and competitive quotations for all the products lines and ensure they are delivered promptly to bank’s prospective clients.
• Build up detailed knowledge about the company’s products and keep abreast of market conditions and developments.
• Conduct continuous product training for assigned bancassurance RMs & officers.
• Manage and maintain existing bancassurance client relationships to identify opportunities for cross-selling, areas of growth and new business acquisition.
• Exploit synergy within the bank distribution channels.
• Liaise with internal departments to ensure customer instructions are executed within the set timelines to enhance levels of customer satisfaction, increase sales opportunities and thereby maximize revenue for the organization.
• Actively monitor customer preference and enhance business retention by offering solutions and services that meet or predict the existing clients’ future needs.
• Ensure credit control policy is adhered to in respect to business on boarded
• Prepare timely, accurate, informative reports on performance of the distribution channel.

Minimum Qualifications:

• Bachelor’s degree in Marketing, Insurance, Economics, Actuarial Science, or other business-related discipline.
• Progress towards Diploma in Insurance (ACII or AIIK), (at least 3 papers or
• equivalent).
• 2 years’ experience in insurance industry.

Core Competencies

• Sales and marketing skills.
• Insurance product knowledge.
• Stakeholder management skills.
• Understanding of insurance operations and concepts.
• Knowledge of insurance regulatory requirements.
• Knowledge of underwriting processes, procedures and concepts.
• Knowledge of banc assurance operations.
• Delivering results and meeting customer expectations.
• Following instructions and procedures.
• Analytical skills.
• People skills.

Key Areas of Responsibility

• Secure new health business directly or through intermediaries (insurance agents and brokers) to increase profits and client portfolio
• Timely submission of quotations and tenders
• Maintain excellent customer service to intermediaries and clients through exemplary customer service and experience
• Participate in the introduction of new products through frequent communication with intermediaries and direct clients in updating them on the progress and product functionality.
• Ensure credibility with clients by maintaining detailed knowledge of current market conditions and competitors’ products
• Advise on terms of cover to enable timely and proper underwriting, scheme set up and claims processing to offer quality services to the clients.
• Prepare weekly reports as required to project the sales against the projected target to inform on areas of improvement.
• Ensure good business administration within the health sales and distribution unit
• Undertake initial underwriting in accordance with set guidelines and processes to ensure sound acceptance of risk
• Forward proposal forms to underwriting department
• Respond to customer and client enquiries and ensure they are adequately responded and escalate the necessary ones to the relevant authorities.
• Service existing health business to maintain good working relationship between its clients.
• Follow up premium collections and ensuring they are done in a timely manner according to the company’s stipulated guidelines.
• Participate in health marketing initiatives in liaison with Marketing and communications department.

Minimum Qualifications:

• Bachelor’s degree in Marketing, Insurance, or business related discipline
• Progress towards Diploma in Insurance (ACII or AIIK), (at least 3 papers or equivalent).
• 2 years’ experience in insurance sales

Core Competencies

• Sales & Marketing skills.
• Customer, market and competitor understanding.
• Knowledge of insurance regulatory requirements.
• Knowledge of insurance concepts and procedure.
• Knowledge of health insurance products
• Delivering results and meeting customer expectations.
• Analytical skills.
• Interpersonal skills.

A key deliverable will be overall corporate planning and strategy in addition to overseeing finance, operations, commercial and administrative functions.

Key Areas of Responsibility 

•  Oversee and control activities day to day of finance, maintenance, flight operations, commercial and administrative departments in line with company’s strategic objectives, approved budgets and internal control systems and procedures;
• Manage the planning, forecasting, and management reporting cycle. Establish and monitor key business indicators and add value to the business through sound analysis and risk assessment enabling proactive recommendations to the various stakeholders;
• Provide leadership in the continuous evaluation of short and long-term strategic financial objectives for the company;
• Lead in the preparation of annual operating budget and in the development of business plans for the company in collaboration with other departments;
• Implement timely, regular and accurate preparation, analysis and reporting of operational, compliance and financial information for all business activities in line with industry best practices and company's strategic objectives and board requirements
• Undertake treasury management including weekly, monthly and quarterly monthly cash flow planning and coordination with the banks;
• Ensure all Tax obligations are accurately computed and remitted in time;
• Develop and implement relevant financial and operational control systems, key performance targets, indicators and matrices over financial, commercial, maintenance and flight operations activities ensure sufficient and timely oversight and visibility by the CEO and board of directors.

SKILLS & COMPETENCIES

• Business Acumen;
• Drive for Results;
• Highly Analytical and Numerate;
• Planning and Organizing Skills;
• People Management Skills;
• Leadership Effectiveness.

Qualifications

• Bachelor’s degree in Finance, Accounting or a relevant business field from any recognized University;
• Relevant professional qualifications including CPA, ACCA, CFA etc.
• Minimum Ten (10) years’ experience, six (6) of which should be in a Senior Management level;
• Experience across different sectors including aviation and related industries is desirable;
• Prior experience in setting up a finance department is an added advantage
• Experience in a commercial environment with operations regionally and internationally will be an added advantage