Financial Analyst

Old Mutual Kenya

Nairobifull time~KES 100k – 160k/mo3w ago

Quick Take

The Role

Build financial models, monitor performance across business units, and produce board presentations that directly inform strategic decisions for one of Kenya's leading insurance and investment groups.

You Need

CPA or ACCA qualification (or part-qualified), 3+ years of financial analysis experience, and advanced Excel/financial modelling skills.

You Get

Exposure to insurance and investment operations at a blue-chip firm, direct impact on C-suite decision-making, and competitive salary in a structured corporate environment.

Job Description

•Role Overview

Old Mutual Kenya, one of the country's leading insurance and investments groups, is looking for a talented Financial Analyst to join their team in Nairobi. This role sits at the heart of the organisation's financial planning function, providing analytical support that directly informs strategic decisions at the highest level of the business.

The successful candidate will work closely with the CFO's team, contributing to a wide range of financial activities — from building robust forecasting models to preparing materials for board and investor audiences. If you are a detail-oriented finance professional who thrives in a fast-paced financial services environment, this opportunity offers excellent exposure to both insurance and investment operations.

•Key Responsibilities

Develop and maintain financial models, budgets, and forward-looking forecasts to guide business planning
Monitor and evaluate financial performance across business units, translating data into clear and actionable management reports
Collaborate with the CFO's office to produce high-quality board presentations and investor reporting materials
Carry out in-depth market research and competitor analysis to support strategic positioning and decision-making

•Required Skills & Experience

A CPA or ACCA professional qualification, or evidence of being part-qualified and actively progressing toward completion
A minimum of three years of hands-on experience in a financial analysis role
Advanced proficiency in Microsoft Excel, including demonstrated financial modelling capabilities
Prior experience working within the insurance sector or broader financial services industry is an added advantage

•Who Should Apply

This position is best suited to a proactive and analytically minded finance professional who is comfortable operating in a structured, corporate environment. You should be capable of communicating complex financial information clearly to both technical and non-technical stakeholders. Candidates who have built their careers within insurance or financial services will have a distinct advantage, though strong analytical professionals from related sectors are equally encouraged to consider this opportunity. You must be based in or able to commute to Nairobi, as this is an on-site role.

•How to Apply

Interested and qualified candidates should apply through the Old Mutual Kenya official recruitment channels. Ensure your application includes an up-to-date CV that clearly outlines your financial analysis experience, your CPA or ACCA qualification status, and any relevant industry background. Only shortlisted applicants will be contacted for the next stage of the selection process.

Requirements Breakdown

Must Have

CPA or ACCA professional qualification, or active progress toward completion
Minimum 3 years of hands-on financial analysis experience
Advanced Microsoft Excel proficiency, including financial modelling capability
Based in or able to commute to Nairobi (on-site role)
Ability to communicate complex financial information to both technical and non-technical stakeholders

Nice to Have

Prior experience in the insurance sector
Broader financial services industry background
Experience building forecasting models and strategic planning materials
Demonstrated experience producing board and investor reporting materials

Don't meet every requirement? Tailor your CV to close the gap →

Salary Context

Competitive mid-market salary for a Financial Analyst in Nairobi with professional qualification.

At KES 100,000–160,000/month, this salary is in line with mid-level financial analyst roles at blue-chip companies in Kenya. Pay varies significantly based on CPA/ACCA qualification level, years of experience, and prior sector exposure; insurance and financial services roles typically command higher premiums than other sectors.

About Old Mutual Kenya

Old Mutual Kenya is one of the country's leading insurance and investments groups, with a significant presence across Kenya's financial services landscape. As a major player in both insurance underwriting and asset management, the company serves institutional and retail clients across East Africa. Working at Old Mutual offers exposure to sophisticated financial operations, a structured corporate culture, and the credibility of a globally-backed, locally-established brand.

Likely Interview Questions

1
Walk us through a financial model you've built: what inputs did you use, what decisions did it support, and how did your analysis impact the outcome?
2
Tell us about a time you had to explain a complex financial concept to a non-financial stakeholder—how did you approach it?
3
Our CFO's office needs a revised 3-year forecast by next month. How would you structure your approach, and what challenges might you anticipate?
4
What experience do you have with the insurance industry, and how would you apply it to understanding our business units?
5
Describe your experience with board-level reporting. What makes a financial presentation compelling to executives and investors?

Application Tips

Clearly state your CPA or ACCA status (qualified, part-qualified, expected completion date) in a prominent section of your CV—this is a hard filter.
Quantify your financial modelling achievements: mention specific models you've built (e.g. '3-year revenue forecasts', 'variance analysis dashboards'), tools used, and business impact.
If you have any insurance or financial services background, lead with it; if not, highlight analytical work that required translating data for senior stakeholders or strategic planning.

Career Path

Roles that lead here

Junior Financial Analyst or Graduate Trainee in financial services

Accountant or Finance Officer transitioning to analytical role

Business/Financial Planning Associate in insurance or banking

YOU

Where this leads

Senior Financial Analyst or Financial Planning Manager

Finance Business Partner (FBP) supporting a specific business unit

CFO's Office or Corporate Finance role

Skills & Keywords

financial-analysiscpaexcelforecastinginsurance

Honest Assessment

Green Flags

Reputable, blue-chip employer with scale and financial stability—good for career credibility and learning.
Direct access to CFO's office and board-level work—exceptional early-career exposure for someone with 3+ years' experience.
Salary range (KES 100–160k/mo) is transparent and competitive for this seniority in Nairobi's financial services sector.
Dual exposure to insurance *and* investment operations—broader skill development than a single-sector role.

Watch Out

On-site only, no flexibility mentioned—ensure you can commit to daily commute to Nairobi; remote or hybrid work is not available.
No mention of benefits (health insurance, pension, training budget) or career development paths—clarify these at interview stage.
Application instructions say 'only shortlisted applicants will be contacted'—no indication of timeline; set expectations for response delay.

A Day in the Life

☀️

Your week might begin with a Monday meeting with the CFO's finance team to review last month's variance against budget, where you present a slide deck analyzing underperformance by business unit. Mid-week, you're deep in Excel building a revised 5-year forecast model incorporating new market assumptions for the investment arm. Thursday, you're collaborating with the actuarial and treasury teams to stress-test assumptions and compile investor-ready summary pages. By Friday, you're refining board presentation slides, sense-checking numbers with stakeholders, and prepping talking points—all while fielding ad-hoc requests for ad-hoc analysis from senior leaders.

Frequently Asked Questions

What qualifications do I need to be a Financial Analyst at Old Mutual Kenya?

You must have a CPA or ACCA professional qualification, or be part-qualified and actively working toward completion. You'll also need a minimum of 3 years of hands-on financial analysis experience and advanced Excel skills, including financial modelling.

Is the Financial Analyst role at Old Mutual Kenya remote?

No, this is an on-site role based in Nairobi. You must be able to commute to the office daily; remote or hybrid work is not available.

How much does a Financial Analyst earn at Old Mutual Kenya?

The salary range is KES 100,000–160,000 per month, depending on your experience level, qualifications, and background. This is competitive for mid-level financial analyst roles at blue-chip firms in Nairobi.

What are the career growth opportunities for this role?

This role offers direct exposure to senior leadership and strategic decision-making, positioning you well for progression to Senior Financial Analyst, Financial Planning Manager, or Finance Business Partner roles. Your work with the CFO's office also builds credibility for corporate finance or treasury moves.

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