Chief Financial Officer in a Leading Insurance Company

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.
Coordination of financial reports within the Company.
Demonstrates an excellent understanding of Insurance financials as well as advanced business finance and performance analysis.
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.

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
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
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.

Skills and Competencies:

Strong budget and management skills, including proven ability to manage project/process.
Ability to adapt to change quickly and multi-task.
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
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.