Key Responsibilities:
General Duties
- Assist in managing and maintaining the business planning and budgetary process including budgets, capital expenditure, budget monitoring and reforecasts / run rates.
- Ensure that the company has effective financial systems, controls, and processes in place and that these are used throughout the company.
- Assist in preparing documentation and reports for audits and regulatory reviews.
- Assist in the Coordination, development and update of written policies and procedures over the financial reporting process.
- Collaborate with Reporting and Tax to churn out high-quality and timely reports to meet deadlines for financial reporting.
- Monitoring and interpreting cash flows and predicting future trends.
- Ensure appropriate operational procedures are put in place for efficient operation and monitoring of the finance department to ensure that SLAs with the business are met.
- Assist in conducting reviews and evaluations for cost-reduction opportunities.
- Identify opportunities for process improvements in financial planning, controlling and reconciliation.
- Identify potential financial risks and recommend strategies for mitigation.
Bancassurance Reconciliation
- Timely reconciliation with all Bancassurance partners to ensure monthly premiums are received on time.
- Investigate and resolve discrepancies between internal records and external statements, ensuring timely and accurate reporting.
- Consult with bank representatives to ensure completeness of all premiums.
- Collaborate with Payables unit for smooth and timely bank reconciliations.
Accounting & Reporting
- Assist in providing a comprehensive range of financial accounting and reporting services for profitability assessment across various segments (MM, CC, Branch, Line of Business, Channel, and selected agents).
- Assists to prepare group and regulatory reports.
- Maintain accurate financial records and ensure data integrity in financial systems
- Assists to produce monthly, quarterly, and annual financial statements in compliance with group, statutory, regulatory, and IFRS 17 requirements.
What will Make you Succeed?
Technical Competencies
- Conversant with insurance accounting
- Financial Analysis
- Budgeting & Forecasting
- Reconciliation Techniques
- Financial reporting in compliance with IFRS and regulatory requirements (including IFRS 17)
- Conversant in NIC provisions and prudential reporting
- Conversant in Income Tax Act 896
- Data processing techniques to accounting systems.
Leadership Competencies
- Strategic Thinking
- Integrity and accountability
- Decision Making
- Team Collaboration
Personal Competencies
- Attention to Detail
- Adaptability to change and diversity.
- Agility in cognitive reasoning
- Personal credibility and self confidence
- Results oriented
- High integrity, creativity, and good interpersonal ability
Academic and Professional Qualifications Required
- Minimum of 8 years’ experience in accounting
- Bachelor’s degree in accounting, Business administration or a related field
- Qualified Accountant or Partly qualified with ICAGH, ACCA or its equivalent.
Key Relationships:
- Relates with Motor Mass Market & Partnerships, P& R and MIS with regards to prompt and accurate payments approved requests
- Relates with the Sales and Distribution Team with regards to prompt tracking of funds received from customers
- External relationships for with banks
Location: Accra
Salary: Attractive
