- Position Type: Full-time
Location: Tanzania
Company Profile: : Our client a reputable leader in the General insurance industry with operations in East Africa – Kenya, Uganda, Tanzania and Rwanda - seeks highly qualified and experienced individuals for the above mentioned position. The successful candidates will be based at the Tanzania Office
Reports to: Managing Director
Main purpose of the Job:
The Chief Financial Officer (CFO) is responsible for directing and overseeing all financial and administrative activities/functions of the company including preparation of current financial reports as well as summaries and forecasts for future business growth and general economic outlook.
KPIs/ Performance Measurement
- Increase in total profit revenue through cost management/ cutting initiatives.
- Development and implementation of sound finance/ accounting policies and procedures.
- Implement streamlined processes to increase efficiency in the finance/ accounting/ budgeting process.
- Managing the production of timely financial reports and analysis for management review.
- Maintain executive responsibility for financial operations, including working capital, capital expenditures, debt levels, taxes, budget, and general accounting.
- Establish and maintain appropriate internal control safeguards.
- Ensure records systems are maintained in accordance with generally accepted auditing standards.
- Develop and direct financial plans to the strategic business plan, operational plans company growth, and market opportunities, direction, projects, programs, and systems.
- Analyze cash flow, cost controls, and expenses to guide management.
- Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures.
- Establish and maintain stable cash flow management policies and procedures, and ensure cash resources are available for daily operations and business and product development.
- Set-up and/or oversee all financial and operational controls and metrics within the organization.
- Analyze current and future business operations and plans to determine financial effectiveness.
- Directs financial strategy, planning and forecasts; conferring with other departments
- Oversee the approval and processing of revenue, expenditure, and position control documents, department budgets, ledger, and account maintenance
- Coordinate the preparation of financial statements, financial reports, special analyses, and information reports.
- Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
- Experience in strategic planning and execution. Knowledge of contracting, negotiating, and change management. Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles. Knowledge of automated financial and accounting reporting systems. Knowledge of legal and state financial regulations. Ability to analyze financial data and prepare financial reports, statements, and projections.
- Work requires professional written and verbal communication and interpersonal skills. Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects. Ability to participate in and facilitate group meetings.
Preferred Educational Qualification
- Bachelors Degree in any business field.
- Masters degree in Accounting, Finance or Business preferred.
- Up to date knowledge of current financial and accounting computer applications
- Final qualifications in either CPA (K), ACCA, CFA or equivalent international qualification
- A minimum of 8 years experience in a senior role preferably in the Insurance sector
To apply for this position send your CV quoting the position in the subject line. Kindly also mention your current/ last salary and benefits. Only shortlisted candidates will be contacted
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