Chief Financial Officer (CFO) at Cornerstone Insurance Plc

Cornerstone Insurance Plc. was incorporated on 26th July 1991 as a private limited liability company and became a Public Limited Liability, quoted on the Nigerian Stock Exchange in 1997. Our organization was established to conduct Insurance business in a professional, ethical and customer-focused manner and has remained committed to these values over the years.

We are recruiting to fill the position below:

Job Title: Chief Financial Officer (CFO)

Location: Lagos
Employment Type: Full-time

Responsibilities

• Efficiently implement the financial policies/procedures of the Company in line with generally accepted accounting policies;
• Be responsible for the timely provision of relevant and reliable financial information to stakeholders;
• Ensure availability and adequacy of funds to finance operations;
• Ensure adequate control system and processes to secure the assets of the organization;
• Provide leadership and continuous evaluation of short and long-term strategic financial objectives;
• Provide advice and reporting on the state of the company’s finances to the Board;
• Ensure credibility of the Finance team by providing timely and accurate analysis of budgets, financial trends and forecasts.
• Provide Executive Management with advice on the financial implications of business activities;
• Manage processes for financial forecasting and budgets;
• Provide recommendations to strategically enhance financial performance and business opportunities;
• Ensure that effective internal controls are in place and ensure compliance with applicable Federal, State and Local regulatory laws;
• Serve as the principal advocate for prudent, consistent and accountable management of financial assets;
• Responsible for the financial management operations which include the development of a financial strategy, metrics tied to that strategy and the ongoing development and monitoring of control systems designed to preserve assets and report accurate financial results;
• Assist in formulating the company's future direction and supporting tactical initiatives;
• Monitor and direct the implementation of strategic business plans;
• Develop performance measures and monitoring systems that support the company's strategic direction;
• Oversee the completion of timely annual audited financial statements.
• Participate in key decisions as a member of the executive management team.
• Performs other financial-related duties as required.
• Set performance goals, monitor progress, and evaluate results.Set performance goals, monitor progress, and evaluate results.
• Allocate resources (budget, personnel) within the group to achieve goals.
• Nurture and develop leadership potential within the organisation.
• Identify and mitigate risks relevant to business operations.
• Lead and facilitate change initiatives within the organisation.
• Ensure all policies align with GAAP; oversee the delivery of accurate and timely financial reports to stakeholders; establish strong internal controls to mitigate risks like fraud and data breaches; manage relationships with regulatory bodies (NAICOM, FIRS, Lagos IRS) to ensure compliance; provide ongoing leadership and evaluation of the company's short- and long-term financial strategies.
• Advise the Board on the company's financial health through clear and insightful analysis; build trust through accurate analysis of budgets, trends, and forecasts; support the Executive Management team by providing financial guidance for business activities
• Manage budgeting and forecasting processes to ensure accurate financial planning; Proactively seek opportunities to improve financial performance and profitability; champion strong internal controls and compliance (developing control procedures, internal audits, AML adherence); advocate for responsible and ethical financial management of the company's assets.
• Shape financial strategy (metrics, resource allocation) and execution (collaboration, projections), tracks progress via KPIs, and ensures accurate financial reporting.
• Actively participate in key strategic decisions across the organization; Contribute to the company's ERM framework by identifying, assessing, and mitigating financial risks; manage investor relations by communicating financial results to stakeholders; manage financial aspects of mergers and acquisitions, and be prepared to take on other financial duties as assigned by the company or Board.

Education

• Bachelor’s degree or equivalent in Accounting, Economics, Banking & Finance, or related fields.
• Professional Certification in Accounting (ICAN, FCA, CTIN, AAT).

Experience:

• 10 - 15 years experience, 5 years at board of senior management level.
• Experience as a Credit Controller, Hands on experience in regulatory activities including IFRS reporting.

Application Closing Date
31st July, 2024.