Job title : | CHIEF FINANCE OFFICER (CFO) |
Reports to: | MD/CEO |
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Primary Job purpose
The main 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 clear reports to the MD/CEO.
- Liaise with all departments as required to ensure monthly, quarterly and annual financial agreements are met.
- Prepare and present finance reports on agreed basis for the Management Team, Board of Directors and other relevant stakeholders.
- Recommend broad policy initiatives in areas such as privacy, data security, compensation grids and salary scales for the consideration of the Management Team and Board of Directors.
- Oversee as the Human Resources and Administration unit of the organization thus ensures that the practices of the organization 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 with respect to 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.
- 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 of the company’s personnel and administrative programs.
- Generation of management reports to facilitate management meetings and the team’s decision.
Key Competency Required
- Ability to anticipate local market developments and work in coordination with Managing Director/ CEO.
- Strong Influencing and business partnering skills, coupled with a strong creative and entrepreneurial spirit, ability to take initiatives.
- Ambitious and highly motivated.
- Good interpersonal and negotiation skills.
- Ability to communicate clearly at all levels with internal and external stakeholders.
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
- Master’s Degree in Business Management, Economics, Commerce and professional qualification ICA (Ghana), ACCA and CIMA – Essential
- Minimum of Diploma in Insurance – Essential
- Minimum of ten (10) years’ experience
- Minimum of five (5) years’ experience in management role
- General Management and Leadership skills
- Understanding of the insurance industry, particularly general insurance.
- Knowledge of insurance policies, including what each policy covers.
- An understanding of relevant laws and legislations, such as the Tax laws, privacy act and the human rights act 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
Application should be sent to info.lib@group-activa.com. If there should be any problem with the first email, please sent to s.gblalazeh@group-activa.com or a.dennis@group-activa.com. Deadline for submission is February 14th, 2022.Or apply via the system below.