Chief Financial Officer

KEY ACCOUNTABILITIES: Specify the output required from the job. Identify not more than 7 Key Accountabilities & their performance indicators. NB-Focus on outcomes not tasksDescription of the AccountabilityPerformance Indicators (How accountability is measured)Financial ManagementCost ControlCapital & Asset ManagementInvestment Planning & Budget ControlOperational ManagementInternal Controls & MIS DevelopmentCustomer CentricSatisfaction of internal & external stakeholdersJOB CONTEXT: Define organizational policy and other factors that have a critical impact on the jobFINANCIAL RECORDSMaintain accounts & financial records pertaining to Underwriting & Financial transactions in accordance with the International accounting standards & Group policies in order to comply with the requirements of Federal Laws relating to Companies and Insurance Business. INTERNAL CONTROL & SYSTEM DEVELOPMENTDevelop and implement effective internal control systems & procedures to ensure that all the assets and interests of the Company are secured and not subject to any risk and constant review of the transactions processing systems & methods to ensure all the transactions are correctly and accurately reflected in the books of account and implement appropriate modifications in order to meet the changing business needs.BUDGETS Formulate the annual budget and quarterly reviews and monitor its performance against budget & business objectives and ensure that management is accurately and timely informed about the financial status and results of the company.MANAGEMENT INFORMATION / STATUTORY REPORTS Compile, collect and prepare reports on underwriting & financial matters for timely submission to Management, Reinsurers & Concerned Government Departments in order to facilitate decision making & comply with the stipulated requirements.WORKING CAPITAL MANAGEMENTPlan & organize the Company’s Financial Resources in order to effectively manage working capital to meet the cash flow requirements.INVESTMENTS OF SURPLUS FUNDSDevelop an effective investment strategy for placement of surplus funds in order to maximize investment yield and income.FINANCIAL PLANNINGAssist in formulating the company's future direction and supporting tactical initiatives. Monitor and direct the implementation of strategic business plans at overseas entities. Ensure development of financial strategies & performance measures that support the company's overall strategic direction.QUALIFICATIONS, EXPERIENCE, & SKILLS: Minimum Qualifications and Knowledge:Chartered Accountant or equivalent.Minimum Experience:10-15 years experience in a progressive organisation (Including 5-7 years in a senior managerial position).Job-Specific Skills:General Insurance with particular emphasis on Marine, Hull & Cargo, Non-Marine, Motor, Life & Medical.Accounting principles & conventions.Behavioural Competencies :Strong interpersonal & analytical skills.Excellent communication skills and analytical ability.Excellent presentation skills.