Deputy Managing Director, Finance and Administration

JOB PURPOSE

The Deputy Managing Director, Finance and Administration (DMD, F & A) directs and manages all financial and investment policies and practices. as well as Administration function and performs other duties as assigned by the Managing Director and the Board.

Major Responsibilities:

Assist the Managing Director in the following:

Finance and Accounting

• Ensure formulation of Financial and Accounting strategies, policies. programmes and establishment of systems and procedures for the Company.
• Ensure development of appropriate structures, policies, procedures and action plans in relation to the Company's finances and assessment of its financial position.
• Evaluate financial position of the Company vis-a-vis its policies and programmes and advise accordingly.
• Prepare timely financial statements and reports for Management, the Board, Statutory bodies and other agencies duly authorised by the Board in accordance with applicable law and regulations.
• Ensure that all financial transactions of the Company are properly executed and accounted for in accordance with laid-down regulations and meet the Company's policies and targets.
• Ensure that the Company has an efficient and effective control system in place to monitor financial transactions of the Company.
• Ensure that the Accounting function is carried out effectively and efficiently and that records are maintained to professional accounting standards.
• Establish and maintain an efficient budgetary control system and ensure that yearly budgetary targets are attained
• Ensure compliance with anti-money laundering regulations and laws.
• Oversee the Finance Department and ensure development of staff for attainment of full potential.

Investment

• Advise Management and the Board on investment strategy and policy and submit monthly and quarterly reports on investment to the Board.
• Ensure effective Risk Management Framework for the Company

Administration

• Oversee the orderly and efficient conduct of the activities of the Estates, Public Relations and General Services units, as well as the protection and preservation of the Company's assets.

Competencies

• A minimum of 5 years of work experience in reinsurance
• In-depth knowledge of reinsurance accounting, including computation of Premium Adjustment, Profit Commission. Portfolio Adjustment and Reinstatement Premium.
• In-depth knowledge of the accounting treatment of reinsurance reserves.
• Fair knowledge of International Financial Reporting Standards (IFRS 17).
• Excellent computer skills and use of appropriate accounting and investment software.
• Excellent knowledge in Taxation Laws.
• Ability to research and analyse investment strategies and market conditions and advise on appropriate investment strategy options.
• Strong leadership and communication skills, as well as knowledge in managing others and empowering people in decision making and execution.

Education and Experience

• A good first degree and must be a qualified professional accountant with ICA, ACCA, CA or CIMA.
• Recognised professional qualification or experience in Finance and Investment.
• MBA in Finance is preferred.
• Minimum of fifteen (15) years post-qualification work experience as an accountant with at least ten (10) of those years in a senior management role.
• A minimum of five (5) years' experience in financial
• A minimum of five (5) years' experience in investment
• ACII will be an added advantage.