Finance Officer in a Leading Insurance Service Company

KPMG Nigeria – Our client is one of Nigeria’s foremost leading insurance services companies. Over the years, the company has built a reputation of honouring its underwriting commitments and excellence in claims handling.
In line with our client’s decision to ensure key roles are filled by suitably qualified candidates who have hands-on experience with implementing leading practices in financial management processes, the company is seeking to hire an exceptional individual to fill the position below:


Job Title: Chief Finance Officer 
Ref #: CFO/INS/007
Location: Lagos, Nigeria
Detailed Job Description 

• Reporting to the MD/CEO and the Board, the jobholder will provides financial direction, planning and accounting to the business.
• The role also plans and directs short-term and long term financial goals, ensure fiscal compliance & governance and manages short & long term funding.

Liquidity & Treasury Management: 

• Ensures that optimal liquidity is available to deliver business plan.
• Review working capital/cash flow requirement on a regular basis.
• Monitor Banking activities for the entire Group for proper running and ensure regular reconciliations of all banking transactions with the cash books.
• Negotiate/arranges external finance, when necessary.

Budgeting and Financial Forecast: 

• Develop plans, budgets, forecasts and financial results to guide management decisions by forecasting requirements; analyzing variances and initiating corrective actions.
• Present operating and capital expenditure budgets for review and approval.

Financial Analysis & Interpretation: 

• Monitors financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.
• Reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements.
• Coordination of Financial Reports coming from companies (subsidiaries and associate) within the Group.
• Responsible for presenting and reporting accurate and timely historical financial information of the Group (Company and subsidiaries).
• Should be able to demonstrate understanding of insurance financials as well as advanced business finance and performance analysis.

Regulatory & Statutory  Relationship: 

• Oversee the coordination and activities of independent auditors (Internal and External Auditors).
• Coordinating regulatory and supervisory functions – Complied with regulatory requirements by approving and files statements and reports; files returns and pays taxes.
• Managing relationship with Regulatory and Statutory bodies, i.e. NAICOM, FIRS, Lagos State Internal revenue Service, etc.

Internal Control & Monitoring: 

• Ensure adequate controls are installed and maintained to cover all financial transactions, including safeguarding financial assets.
• Ability to develop versatility for the handling of various business application within the Group.
• Oversees the activities of all FCs for proper coordination and should be able to coordinate branch financial activities properly. 

People Management: 

• Oversees activities of Employees In Teams (i.e. hires, coaches, appraises rewards, motivates, discipline, recommends and terminates as necessary.
• Works through HODs in setting standards, priorities and schedules.
• Employee Engagement for Finance Group.

Educational Qualifications & Functional / Technical skills 

• Bachelor’s degree in Accounting or Finance related field.
• A qualified / certified Accountant (ACA/ACCA); CFA is mandatory.
• Working knowledge of IFRS.
• Strong budget and management skills, including proven ability to project/process manage.
• Ability to adapt to change quickly and multi-task.
• Excellent ability as a consultant/negotiator to influence company senior management.
•  
• Demonstrable understanding of insurance financials as well as advanced business finance and performance analysis.
• Knowledge of statutory and regulatory issues as well as Global best practices.

Relevant Experience: 

• Minimum of 15 years financial experience, with at least 5 years in Senior Financial Management capacity spanning Corporate, Business Planning, Revenue Assurance, Treasury Management and Accounting with excellent knowledge of insurance Business.

How to Apply


Click here to apply