Chief Financial Officer at Deloitte Nigeria

Deloitte Nigeria - Our client, a leading insurance company is recruiting to fill the position below:

Job Title: Chief Financial Officer

Location: Nigeria

Job Summary

• The primary responsibility of the CFO is to manage the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting

Responsibilities
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 requirement on 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
• MBA and CFA 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 with excellent knowledge of Insurance Business.
• Demonstrates excellent 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

Skills and Competencies:

• Strong budget and management skills, including proven ability to manage project/process.
• Ability to adapt to change quickly and multi-task.
• Excellent ability as a consultant/negotiator to influence company senior management.
• Ability to deal with ambiguity, tight timelines, multiple priorities, and demanding customers, in a fast-moving, constantly changing environment.
• High degree of professionalism, maturity and confidentiality.
• Strong oral, written interpersonal and presentation skills.
• Strong People skills- Building Collaborative Relationships, highly developed, demonstrated teamwork skill.
• Demonstrated ability to see the big picture and provide useful and strategic advice and input across the company and on the executive team.
• Creative and forward-thinking skill.
• Strong analytical and problem-solving skills.
• Ability to work within and manage a team of professional, guiding and coordinating towards achieving common objectives.
• Strong Leadership skills.
• Strong ethics

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online