To Provide Financial Direction, Planning and Accounting to the business. Plans and Direct Short-term and Long term
financial goals. Ensure fiscal Compliance & Governance; manage Short & Long term funding.
Dimension of the Job
Organizational Profitability (Opex Productivity, Capital Productivity)
Liquidity Management & Funding.
Fund Arrangement and Bankers Management
Working Capital Management.
Statutory & Fiscal Compliance.
Financial Analysis & Interpretation
Budgeting Preparation & Performance Monitoring
Regulatory & Statutory Relationship Management
Successful exit of Audit
Group’s Treasury & Banking Transactions Monitoring
Liquidity and Treasury Management
Ensures that optimal liquidity is available to deliver business plan
Negotiate/arranges external finance, when necessary.
Review working capital/cash flow requirement on a regular basis
Monitor Banking activities for the entire Group for proper running and ensure regular reconciliations of all banking transactions with the cash books.
Business Strategy
Contributes to the formation of the Business Strategy and ensures that all financial policies, procedures and systems are sound
Preparation of Annual Operating Plan, 3 Business Financial Plan and Analytics.
Using forecasting tool, ensure that the adequate measures are factor to achieve business objects.
Provides financial direction, planning and accounting to the business - short term and long term financial goals
Budgeting & Financial Forecast
Develop plans, budgets, forecasts and financial results to guide management decisions by forecasting requirements; analyzing variances and initiating corrective actions;
Present 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.
Responsible for presenting and reporting accurate and timely historical financial information of the Group (Company and subsidiaries)
Reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements
Coordination of Financial Reports coming from companies (subsidiaries and associate) within the Group.
Should be able to demonstrate understanding of insurance financials as well as advanced business finance and performance analysis
Regulatory & Statutory Relationship
Oversee the coordination and activities of independent auditors (Internal and External Auditors)
Coordinating regulatory and supervisory functions - Complied with regulatory requirements by approving and files statements and reports; files returns and pays taxes
Managing relationship with Regulatory and Statutory bodies, i.e. NAICOM, FIRS, Lagos State Internal revenue Service,
Internal Control & Monitoring
Ensure adequate controls are installed and maintained to cover all financial transactions, including safeguarding financial assets.
Ability to develop versatility for the handling of various business application within the Group
Oversees the activities of all FCs for proper coordination and should be able to coordinate branch financial activities properly.
People Management
Oversees activities of Employees In Teams (i.e. hires, coaches, appraises rewards, motivates, discipline, recommends and terminates as necessary.
Works through HODs in setting standards, priorities and schedules.
Employee Engagement for Finance Group
KNOWLEDGE ,SKILLS AND BEHAVIOUR (Required to succeed in Role)
Educational qualifications & functional /technical skills
Bachelor’s degree in Accounting or Finance related field.
A qualified / certified Accountant (CFA/ACA/ACCA) · Demonstrable understanding of advanced business finance and performance analysis.
Strong budget and management skills, including proven ability to project/process manage
Ability to adapt to change quickly and multi-task. Excellent ability as a consultant/negotiator to influence company senior management
Knowledge of statutory and regulatory issues as well as Global best
Relevant experience (type of experience
and minimum number of years
Minimum of 15 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.
Attitude and Behavioral Traits
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 · 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, forward thinker · Strong analytical and problem solving skills
Able to work within and manage a team of professional, guiding and coordinating towards achieving common objectives.
Strong Leadership skills.
Strong ethics.
