Deloitte Nigeria - Our client is one of Nigeria’s leading Insurance institutions is currently recruiting suitably qualified candidates to fill the position below:
Job Title: Chief Finance Officer
Location: Lagos
Job Type: Full time
Job Description
The job duties include and not limited to:
Business Strategy:
Contributes to the formation of the Business Strategy and ensures that all financial policies, procedures and systems are sound.
Oversees the preparation of Annual Operating Plan, Business Financial Plan and Analytics.
Using appropriate forecasting tool, ensures that adequate measures are factored in to achieve business objectives.
Provides financial direction, planning and accounting to the business, covering short term and long-term financial goals.
Liquidity & Treasury Management:
Ensures that optimal liquidity is available to deliver business plan.
Negotiates/arranges external finance, if and when necessary.
Reviews working capital/cash flow requirementon a regular basis
Monitors banking activities for the Company for proper running and ensures regular reconciliations of all banking transactions.
Budgeting and Financial Forecast:
Develops plans, budgets, forecasts and financial results to guide management decisions by forecasting requirements; analyzing variances and initiating corrective actions.
Presents 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.
Responsible for presenting and reporting accurate and timely historical financial information of the Company.
Responsible for capital planning and allocation as well as balance sheet optimization.
Reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements.
Coordination of financial reports within the Company.
Demonstrates an excellent 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).
Coordinates regulatory and supervisory functions.
Manages relationship with regulatory and statutory bodies, i.e. NAICOM, FIRS, LIRS, etc.
Reviews and manages the Financial Risks undertaken by the business, and demonstrates a good understanding of the risk profile of the company whilst reporting risk issues, and mitigating all identified risks.
Internal Control & Monitoring:
Ensures adequate controls are instituted and maintained to cover all financial transactions, and safeguard financial assets.
Possesses versatile ability to handle various business applications within the Group.
People Management:
Oversees activities of employees and teams (i.e. hires, coaches, appraises rewards, motivates, discipline, etc).
Works in conjunction with other senior management team members to set standards, priorities and schedules.
Responsible for employee engagement within the Finance team.
Requirements
Bachelor's degree in Accounting or a Finance related field.
Must be a Qualified/ Certified Accountant ACA/ACCA/CFA.
Possession of MBA is an added advantage.
Minimum of 12 years’ financial experience, with at least 5 years in Senior Financial Management capacity spanning Corporate, Business Planning, Revenue Assurance, Treasury Management and Accounting.
Experience and knowledge of Insurance Business Landscape.
Experience in working in one of the big 4's (Deloitte, PWC, KPMG & EY).