Chief Finance Officer

• Provide technical expertise in the development and implementation of the Finance Department’s strategy/plans as input into the overall Corporate Strategy of the company.

• Develop and implement policies, standard operating procedures (SOPs), work plan and other support systems including monitoring mechanisms to achieve set targets.

• Conduct financial modelling, forecasts and analysis to support the development of strategic initiatives, investments and programs.

• Develop comprehensive budget templates, guidelines, reporting and monitoring systems.

• Lead in the preparation of the annual operating budget the Company.

• Develop and implement systems and procedures for analyzing budgetary performance to aid monitoring and control of approved budget.

• Provide leadership in the implementation and maintenance of internal financial controls.

• Direct the development of accounts payable/receivable systems and monitor its implementation in line with approved financial polices/guidelines.

• Monitor cost/expenditures and prepare relevant reports to guide Management in decision-making.

• Responsible for the development and maintenance of appropriate accounting control systems to ensure sound financial management.

• Develop procurement policies, anti-fraud guidelines and processes and monitor its implementation to ensure compliance.

• Serve as a focal point on all financial intermediation with the various Banks in line with approved policy.

• Responsible for analyzing and managing the balance sheet to ensure the availability of adequate funds to meet operational needs.

• Responsible for the prudent allocation of approved funds to support programs/ projects and monitor to ensure efficient spending.

• Ensure timely payment of health service providers and other suppliers.

• Manage the investment appraisal process for potential investment businesses for approval.

• Ensure that investments and returns are accurately and fully accounted.

• Ensure maximization of investment returns via prudent treasury management.

• Maintain strong professional working relationships with Financial Institutions, External Auditors, Regulatory Agencies and other stakeholders in the area of financial and tax management.

• Stay abreast with legislations, IFRS rules/regulations and international best practices in Financial Management.

• Advise on all regulatory and statutory requirements with respect to financial operations within the insurance sector.

• Responsible for the preparation of monthly, quarterly and annual financial reports and any other statutory reports.

• Monitor to ensure that all financial and management accounting reporting systems are in line with regulatory requirements and International Financial Reporting Standards.

• Liaise with the Audit & Assurance Department on all audit activities and monitor to ensure that all audit queries are handled expeditiously.

• Accountable for managing performance, succession development and resource allocation within the Department.

• Hold direct reports accountable for the performance of assignments in their respective areas of responsibilities.

• Conduct performance appraisal, provide input for career development and recommend performance incentives for subordinate staff.

• Identify training needs and facilitate training for subordinate staff.

• In-depth working knowledge of accounting principles in accordance with IFRS and other standards and related regulations.

• Extensive financial knowledge, including treasury management, investment planning, asset allocation, etc.

• Demonstrated knowledge/understanding in building complex financial models to evaluate various financial plans.

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