Finance Manager (Insurance Broker)

Our client, an Insurance Broker, is seeking to fill the position of Finance Manager.

JOB SUMMARY

The Finance Manager is responsible for the financial stability of the company by managing a compliment of staff, producing timely reports and developing strategies based on financial research and industry practice.

He/she will provide guidance to senior executives in making sound financial and business decisions in perpetuity by:

• Planning, controlling, coordinating and directing the acquisition, allocation and utilization of financial resources so as to make a maximum contribution to the Company's profitability and growth.
• Ensuring that all financial transactions are processed in accordance with the Company and statutory regulations.
• Leading a team of staff members to ensure that exceptional service is provided

DUTIES & RESPONSIBILITIES

• Monitor daily financial operations within the Company reinforcing timeliness of invoicing of financial transactions.
• Review financial data and prepare annual and Monthly Financial Reports for submission to senior management team with recommendations to aid in decision making.
• Provide information to advise management, shareholders and auditors of the Company's performance.
• Prepare and certify year-end financial statements, notes and schedules in accordance with International Financial Reporting Accounting Standards (IFRS) for presentation to management, Board of Directors and shareholders to reflect the Company's financial position.
• Liaise with external auditors as required to ensure adherence to laws and provide audit data to auditors.
• Analyse financial statements to ensure correct allocation.
• Establish and maintain financial policies and procedures for the Company and ensure that financial policies established by the Board are effectively administered and executed.
• Coordinate annual department budgets for the Company in accordance with established guidelines.
• Ensure that capital and operational budgets are submitted to the Board of Directors for approval and subsequent implementation in the respective departments.
• Coordinate the external audit.
• Provide guidance to Accounting Team with respect to the performance of all financial reporting tasks.
• Ensure that corporation tax is prepared and reviewed for timely submission.
• Ensure that the following are reviewed and approved on a monthly basis: journals, clients’ reconciliation, subagent & staff commission
• Ensure that all premiums due to insurers are identified and premiums received are paid to insurers.
• Supervises the maintenance of the fixed asset register to ensure correct calculation of depreciation expenses.
• Establish, design and implement proper accounting systems to provide accurate records of the Company's assets, liabilities and financial transactions.
• Interface with the Company's bankers / financial institutions to effectively administer the Company's treasury function.
• Interface with government agencies with respect to the provision of statistics on financial issues and submission of relevant reports.
• Establish credit and premium collection systems to ensure that the Company manages client receivables in an effective and efficient manner in keeping with agreed credit policy and Central Bank requirements.
• Ensure the activities related to the Company's Insurance portfolio with respect to proper risk management of Company assets are managed effectively.
• Ensure adherence to prevailing fiscal and taxation legislation.
• Review monthly staff payroll when required.

Staff Management:

• Ensure Adequate staffing levels: Work with the Human Resource Department to ensure proper manpower planning and participate in the Recruitment and Selection process.
• Training: Responsible for the training of staff on current accounting standard
• Performance Management: Conducts Performance Appraisals and submit within Company's deadlines.
• Lead employees using the performance management and development process that provides and overall context and framework to encourage employee contribution and include goal setting, feedback and performance development planning.
• Ensures that the preparation of all time and attendance reports are completed and submitted within the Company's guidelines and relevant action taken when required.

QUALIFICATIONS AND EXPERIENCE

• Fully ACCA Qualified.
• Certificate in Insurance (CII or LOMA) will be an asset.
• At least five (5) years' post graduate experiences in similar capacity.
• Knowledge and experience using Peachtree accounting software.

We wish to thank all applicants for their interest, however, only those favourably considered will be contacted.