About the Role
To analyze and report financial information for informed management decisions while managing related records efficiently, consistent with Group Policies, International Accounting Standards, and Federal Laws.
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Key Accountabilities
- Financial Management: Manage and oversee all financial records related to underwriting and financial transactions.
- Cost Control: Implement strategies to monitor and control costs.
- Capital & Asset Management: Ensure effective management of company assets and capital allocation.
- Investment Planning & Budget Control: Develop annual budgets and conduct quarterly reviews, monitoring performance against objectives.
- Operational Management: Oversee operational performance metrics.
- Internal Controls & MIS Development: Develop internal control systems to protect company assets and ensure accurate transaction processing.
- Customer Centric: Maintain a strong focus on the satisfaction of internal and external stakeholders.
Job Context
- Financial Records: Maintain accounts and financial records according to International Accounting Standards and Group policies to comply with Federal Laws relating to Companies and Insurance Business.
- Internal Control & System Development: Design and implement necessary internal control systems to safeguard company assets, ensuring accurate financial reporting.
- Budgets: Formulate budgets and monitor compliance to keep management informed of the company’s financial status.
- Management Information / Statutory Reports: Prepare timely reports on underwriting and financial matters for management and regulatory compliance.
- Working Capital Management: Effectively manage the company’s financial resources to meet cash flow needs.
- Investments of Surplus Funds: Develop strategies for investing surplus funds to maximize yields.
- Financial Planning: Support company strategy by formulating financial strategies and monitoring performance at all levels of the organization.
Qualifications, Experience, & Skills
- Minimum Qualifications and Knowledge: Chartered Accountant or equivalent qualification.
- Minimum Experience: 10-15 years of experience in a progressive organization, including 5-7 years in a senior managerial role.
- Job-Specific Skills:
- Strong knowledge of General Insurance, especially Marine, Hull & Cargo, Non-Marine, Motor, Life & Medical.
- Proficient in accounting principles and conventions.
- Behavioural Competencies:
- Excellent interpersonal and analytical skills.
- Strong communication and presentation skills.
