Job Vacancy FINANCE DIRECTOR (CFO)
BACKGROUND
Prime Insurance Limited is an insurance company, established in 1995, a licensed general insurance company authorized by the National Bank of Rwanda (BNR).
The Company is seeking to recruit a highly skilled, self- motivated and experienced person to fill the following post:
FINANCE DIRECTOR (CFO)
Under the supervision of Chief Executive Officer, the Finance Director (CFO) shall oversee the development and implementation finance strategies in accordance with company goals and objectives aimed at accelerating growth.
Job Title Finance Director (CFO)
Supervisor Chief Executive Officer
Duration Open ended
Salary Competitive package based on qualification and experience
ESSENTIAL DUTIES & RESPONSIBILITIES
The Finance Director (CFO) shall plan, oversee, supervise and execute the duties and responsibilities here below;
FINANCE
- Provide leadership and support for all financial management areas including accounting, payments and reporting systems;
- Ensure development, implementation, dissemination, monitoring and adherence of Standard Operating procedures (SOPs)for the entire finance function;
- Ensure the implementation IFRS 17 (International Financial Reporting Standard 17) and other applicable standards;
- Responsible for annual budgeting process. Providing direct supervision of forecasting and costing out of items proposed in the budget Manages and consolidates projections from all departments;
- Oversee the monthly projections of expected expenses and monitors expenditure within the company;
- Coordinate with related staff to ensure that project budgets, accounting and fiscal control procedures are implemented effectively;
- Analyze and present financial reports in an accurate and timely manner clearly communicate monthly and annual financial statements;
- update and implement all necessary policies and accounting practices improve the finance department’s overall policy and procedure;
- Ensure financial records and backup documentation is ready and adequate for internal and external audits;
- Coordinate and lead the annual audit process, liaise with external auditors;
- Invest in stable and high return investment portfolio;
- Ensure that all expenses are genuine for the company and that are in the line with adopted budget;
- Ensure that the risk of volatile return is adequate mitigated;
- Ensure that all receivables are collected;
- Pay all genuine claims and other payables as quick as possible;
- Give feedback on all queries received from customers and colleagues.
LEADERSHIP
- Provide leadership and supervise the finance functions ensuring they are professional, effective and efficient;
- Ensure the relevant SOPs are regularly updated and stored and training sessions on the same arranged;
- Ensure the smooth day-to-day running of the office through supervision and management of staff;
- Develops and maintains good working relationship with external partners, vendors, contractors and other stakeholders;
- Provide originality, initiative and good judgment in applying Prime Insurance Ltd policies to new and unusual problems;
- Manage and monitors workload within the unit and prioritizes work assignment accordingly;
- Plan and execute annual process reviews for the entire finance function;
- Any other task that maybe required by the company authorities.
REQUIRED SKILLS & QUALITIES
- High profile personality with ability to engage high level business and public executives for business partnerships;
- Exercise good judgment and seek guidance as appropriate when confronted with unanticipated problems;
- Strong computer skills and finance systems;
- Knowledge of economy dynamics and institutional relations;
- Ability to work independently with minimum supervision;
- Good interpersonal skills and confidence in decision making;
- Good leadership, communication, and networking skills;
- Must understand marketplace trends and best practices to meet clients’ and regulatory needs;
- Ability to prioritize and self-manage work load for self and staff;
- Strong negotiating skills;
- Ability to work in a fast-paced environment and provide good customer care services;
- Having a high sense of integrity.
EDUCATION & EXPERIENCE (Compulsory)
- A professional qualification certificate issued by Association of Chartered Certified Accountants (ACCA) or Certified Public Accountant (CPA) or related qualification;
- Be a holder of Master’s degree in accounting or finance;
- Having an experience of at least five (5) years in managerial position of which three (3) years has been in finance or accounting areas in Financial Institution;
- Having been in a similar position in an insurance or reinsurance company;
- Strong verbal and written French, English and Kinyarwanda language skills;
- Being Rwandan by nationality.
APPLICATION PROCEDURE:
- Application letter addressed to Chief Executive Officer,
- Recent Curriculum Vitae (CV) with proven work Experience (work certificate),
- Notarized education certificates,
- A copy of Identification document;
- Three referees,
- Non-criminal certificate
Interested candidates should send their cover letter and well detailed CV no later than October 25th 2024 via the apply button below.
Done at Kigali, October 10th, 2024
Col (Rtd) Eugene M. HAGUMA
Chief Executive Officer
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