Job Description
Provides financial planning and reporting for the group to ensure adequacy of resources to deliver the operational agenda and strategic imperatives of the business. This includes coordination of budget processes within the business unit and optimal management of financial resources. Provide direction and thought leadership in the implementation and management of various risk management policies
Financial Control
Develop, implement and enforce appropriate financial accounting and reporting policies, processes and procedures across the business.
Review the general ledger to check that all the business general ledger transactions are updated regularly in line with the accounting principles and accounts are fully reconciled.
Monitor the business’ progress towards achievement of annual budget showing trends, and opportunities to maximize income, reduce cost and minimize risk. Act as financial advisor to the business units to ensure effective utilisation of resources and cost optimization.
Participates in project activities associated with financial planning and reporting including development of project plan and coordination of project activities.
Customer Focus
Manage the external audit processes for the business and be the contact person during interim and final audits both internal and external.
Works directly with Reporting functions at the business units to implement new accounting standards that impact the organization and ensures accuracy and compliance of financial reports.
Internal Processes
Put in place/regularly review internal controls across the business and ensure they are appropriate and are consistently applied.
Generate monthly and periodic financial reports of the business that are a true representation of the business operations. Analysis and development of insights into the financial reports and linking it back to business strategies.
People Management
Identify training needs of team members and facilitate continuous learning.
Oversee performance and development of the team members to ensure that all stay abreast with new developments.
Ensure effective communication to all employees with regards to changes in the treasury environment.
Financial Reporting:
Drives the preparation of plans and budgets to support the group’s annual plan and strategy.
Drives the periodic and annual financial reporting cycles to provide a clear line of sight of the business performance.
Responsible for compliance reporting for the business (Tax, Regulatory) in accordance with statutory, regulatory and IFRS requirements.
Treasury and capital management
Oversee and ensure the effective management of the treasury and capital management function
Ensure implementation and compliance to financial risk policies across the Group
Team Effectiveness:
Oversee the development of the team members to ensure that all stay abreast with new developments.
Ensure effective communication to all employees with regards to changes in regulations, legislation and best practice.
Translate the company strategy for the Reporting and Planning team members to ensure they understand the impact of their role on the business.
Stay abreast of best practise through self-development.
Required Experience
10 – 15 years’ experience in the financial services sector.
At least 5 years’ experience in one of the Big-4 Accounting firms
Insurance industry experience is an added advantage.
Educational Requirement
Minimum – Bachelor’s Degree
Bachelor’s degree in actuarial science is an added advantage
MBA or equivalent is an added advantage
Professional qualification in Accounting – CPA or ACCA or Equivalent
Technical Skills:
Strong financial, accounting and managerial skills
Strong ability to implement and monitor internal controls
Creative reporting capability
Team manager and player
Good communicator, planner and organizer
Effective project management skills
Strategic finance and tax planning
Thorough knowledge of accounting standards (IFRS)
Fully knowledgeable on the insurance Industry reporting requirements
Corporate and Business Reporting
Governance, Risk and Control
Leadership and Management
Sustainable Management Accounting
Ethics and Professionalism
Generic Competencies:
Planning and Organising
Analytical Thinking & Risk Management
Process Discipline and Quality Orientation
Decision Making
Business Acumen
Strategic Orientation
Result Orientation
Developing Self/Others
Culture sensitivity on Diversity, Equity and Inclusion
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