Chief Finance Officer - Insurance Company

A reputable insurance company in Ghana controlling a significant share of the life insurance market is seeking to recruit desirable professionals with a high pedigree to assume the under-listed position as Chief Finance Officer

CHIEF FINANCE OFFICER

The successful candidate shall be responsible for accounting and financial decision-making and provide strategic financial input to achieve business goals.

Key Tasks & Responsibilities

• Provide leadership. direction and management of the Finance and Accounting team.
• Advise on long-term business growth and investment strategies through effective financial planning.
• Advise Executive Management on financial implications of decisions on business activities.
• Set up and oversee the Company's finance ICT system. 
• Ensure the financial well-being Of the Company by developing and managing the processes for financial forecasting and budgets and overseeing the preparation of all financial reports.
• Develop, maintain and implement accounting policies and adequate internal controls to ensure the Company's assets are protected and liabilities are wholly accounted for and effectively managed.

• Adopt procedures to consistently satisfy ali financial and accounting standards.as well as legal and regulatory requirements.
• Analyse the Company's assets and liabilities in terms of risk exposure and ensure that risk considerations underpin investment strategies and decisions.
• Liaise with the Risk Management Department to ensure effective minimisation of risk in the Company's investment portfolios and liabilities.
• Supervise the Accounts and finance Departments at the Head Office and Branch offices to ensure compliance with the Company's Accounting and Financial policies.
• Manage the Company's investment assets periodically appraising investment performance and making proposals to the investment committee on good investment opportunities,
• Manage the Company's working capital efficiently to ensure adequate funding Of operations to enhance financial performance and business activities.
• Prepare quarterly and annual financial Statements and reports.
• Coordinate both internal and external audit work.
• Liaise with external regulatory authorities such as the National Insurance Commission (NIC), Ghana Revenue Authority and the Regional General's Department to ensure timely submission of returns.
• Present effective, reliable and relevant financial and other reports to the board of directors for decision making

Educational Experience

• An  MBA in Finance or a related field of study obtained from a recognised university.
• A Bachelors' Degree in a relevant field of study.
• A minimum of ten (10) years in a similar role with at least five (5) years in the insurance sector.
• A professional certification from ICA or ACCA,

Required Knowledge, Skills and Competencies

• A good understanding Of the characteristics of the financial market, banking and other financial institutions, investment instruments and products as well as their risk profiles.
• In-depth knowledge of Ghana tax laws. corporate finance practice and risk management issues,
• Excellent knowledge of data analysis and forecasting methods.
• Strategy, analytical thinking and problem-solving skills.
• Numeracy skills.
• Strong leadership, communication and organisational skills.
• Proficiency in Microsoft Office Suite and relevant financial management software.