Manager Financial Reporting

Manager-Financial Reporting

Salary: $22,000.00 neg

JOB DESCRIPTION: FINANCE MANAGER – FINANCIAL REPORTING

JOB SUMMARY

• Develop, implement, and maintain accounting and financial internal control procedures and systems in accordance with international accounting standards that would support corporate goals and objectives

• Comply with all statutory requirements, financial reporting and ethical standards

• Ensure the production of Profit & Loss Statements and Balance sheets, and detailed analytical reports on the company’s performance

• Ensure through tax management that minimum tax liabilities are created over time and that tax returns are prepared timely and accurately.

• Manage the Human Capital of the Unit to ensure a level of job satisfaction in keeping with corporate objectives.

• Research and present solutions for audit issues and financial reporting issues identified

EDUCATION, KNOWLEDGE AND EXPERIENCE

• Bachelor degree in Finance or Accounting, or any other related field

• Certified Accounting Qualification - ACCA or CIMA or CPA or CMA

• Membership in a Professional Association

• FLMI or other Insurance qualification would be an asset

• Enterprise Risk Management training

• In depth knowledge of the legislation governing insurance accounting

• In-depth knowledge of international accounting standards

• Proficient in the use of Office Tools and software relevant to job functions.

• Power BI/Workday systems experience desirable

• Previous demonstrable, relevant and progressive experience of general accounting

• Strong, demonstrable knowledge of accounting principles and accounting standards (IFRS), as well as tax reporting

• Excellent written and verbal communication

• Five (5) years’ performing similar functions, preferably in the insurance industry, including two (2)

years in a management position

OR

• Equivalent combination of Qualification and Training

KEY FUNCTIONS

• Ensure the preparation of management and statutory financial reports including monthly and year -end reports

• Ensure that financial statements are prepared in accordance with the Insurance Act and Regulations

• Performs analytical reviews of balance sheet accounts and key schedules on a monthly/quarterly basis,highlighting corrective action to be taken

• Monitor and update the chart of accounts as necessary

• Review and validate manual journals.

• Liaise with external Auditors and ensures preparation and necessary support is provided for external audits

• Ensure that transactions are accounted for in accordance with accounting standards and that financial statements are IAS/IFRS compliant.

• Prepare special financial reports to assist with decision-making

• Develop, implement and ensure compliance with policies, processes and procedures and take corrective action for improvements where necessary

• Develop and implement internal controls policies and procedures that enables timely and accurate processing, analysis and reporting

• Develop and manage a taxation strategy for preparation of tax report and filing of taxes to the relevant authorities in accordance with the relevant Laws.

• Develop Fixed Assets and Capital Expenditure Policy and Procedure

• Review of external valuations for adherence to IFRS/IAS prior to acceptance in financial statements

• Implements performance standards and ensures departments performance is in line with pre-determined standards.

• Liaise with the HR department as necessary and ensures that all HR policies and procedures are implemented throughout the Unit

• Ensure the on-going evaluation of employees and implements the appropriate training and development plans where necessary.

• Perform any other duties related to the job function as may be assigned.

DIMENSIONS AND SCOPE OF ROLE

• Operate within Policy and Procedure of all applicable Laws and Regulations

• Operates in accordance with the IAS/IFRS professional standards

• Operate within the Policy and Procedure of the Company

• Responsibility for the Company’s financial statements

KEY CAPABILITIES

Customer Focus:

A strong understanding of the customer service culture and the significance of the customer to the success

of the business; Ability to manage key relationships and respond promptly to customer needs

Leadership: Ability to influence, motivate and enable others to contribute to the effectiveness and success of the company.

Culture: Culturally sensitive and uses diversity to advance team efforts and enhance performance

Change Agent: Manage the transformation process as a catalyst for “mindset” change and changes in attitude and standards of behaviour

Problem Solving and Analytical:  Ability to analyse complex data and prioritise key issues; creates insightful solutions to problems and ensures their proper execution