Chief Finance Officer (CFO)

  • Location:
  • Salary:
    negotiable
  • Job type:
    Full Time
  • Posted:
    5 years ago
  • Category:
    Accounting & Finance
  • Deadline:
    August 11, 2021
Job titleCHIEF FINANCE OFFICER (CFO)
GradeSenior Management
Job Holder
Reports toMD/CEO

Primary Job purpose

The primary job responsibility is to establish and implement internal controls, finance policies and procedures, administrative and IT systems to ensure that the organization’s day-to-day operational activities are efficient and effective and are in line with approved strategic initiatives and budgetary allocation.

Key Accountabilities

▪ Uphold the values and principles of the organization.

▪ Maintain professional conduct, confidentiality, and ethical standards. ▪ Monitor the collection and recording of accounts payables and receivables. ▪ Provide timely, accurate, and precise reports to the MD/CEO.

▪ Liaise with all departments as required to ensure monthly, quarterly and annual financial agreements are met.

▪ Prepare and present financial reports on an agreed basis for the Management Team, Board of Directors, and other relevant stakeholders.

▪ Recommend broad policy initiatives in privacy, data security, compensation grids, and salary scales to consider the Management Team and Board of Directors. ▪ Oversee as the Human Resources and Administration unit of the organization thus ensures that the organization’s practices are in line with legislation.

▪ Ensure the efficient and effective management of all financial functions of the organization.

▪ Ensure that the organization meets all required government standards and remits applicable taxes in the country (examples include Tax, Income Taxes, etc.)

▪ Develop the annual budget concerning the requirements of the finance administration.

▪ Monitor the cash position of the organization.

▪ Manage and oversee monthly bank and petty cash reconciliations performed by the Finance Team.

▪ Monitor the effective purchasing, payment of invoices, and expense reporting in the organization.

▪ Responsible for the proper development, administration, and evaluation of information systems that connect staff within and across teams (e.g., phone, software, etc.)

▪ Maintain contact with professional and industry associations and government bodies to keep informed on issues, emerging best practices, and systems. ▪ Conduct Performance Appraisals of staff in your team.

Human Resource Department – Activa – Ghana

▪ Identify training needs of staff and communicate to HR Rep. /MD. ▪ Initiate the formulation and development of personnel and administrative policies, procedures, and practices for planning, organizing, and controlling the company’s personnel and executive programs.

▪ Generate management reports to facilitate decision-making.

Key Competency Required

▪ Ability to forecast market developments

▪ Ability to build relationships and partnerships

▪ Ambitious and highly motivated.

▪ Good interpersonal and negotiation skills.

▪ Ability to communicate with internal and external stakeholders/clients. Resources

▪ KIT System

▪ Laptop Computer

▪ Company Mobile Phone

▪ Company Vehicle

▪ Client Portfolios

Performance Indicators

▪ Accuracy of report and work

▪ Meeting deadlines

▪ Vigilance and paying attention to details

▪ Effective Team Management

▪ Profit Maximization

▪ Proven managerial ability

▪ 100% Adherence to Legislation/tax laws.

▪ Ensuring 100% compliance with Anti-money laundering guidelines ▪ Achievement of Performance targets

▪ Satisfactorily implementation of financial initiatives in the company BSC.

Skills and Experience

  • Professional Qualifications: CPA or ACCA or CA (Required)
  • Master’s Degree in Finance, Economics, Commerce
  • Minimum of Diploma in Insurance – Essential
  • Minimum of ten (10) years experience
  • Minimum of five (5) years experience in a management role
  • General Management and Leadership skills
  • Understanding of the insurance industry
  • Knowledge of insurance policies, including what each policy covers.
  • An understanding of relevant laws, regulations, and legislation, e.g., Tax laws, privacy acts, Employment practices, etc.

Decision Making Authority

Financial ……………………..

Key Relationships

Key Focus

External & Internal Clients Effective management of Portfolio Executive Management Team Following up to ensure on-time COO Achievement of KPI’s

HR Team Ensure Adherence to Policies and procedures Finance Team – Ensuring on-time Settlement of Claims and payment of

Premiums, etc.

BOARD OF DIRECTORS Achievement of KPI

Approved by:HR DEPT.& MD/CEO
Job Holder
Line Manager

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