Job Title: Chief Financial Officer
Number of Positions Open: 1
Reports To: Chief Executive Officer
Location: Nairobi, Kenya
Closing Date: Open Until Filled
Summary
Our client is a Medical Insurance Provider registered under the Insurance Act. They utilize managed care principles to provide access to comprehensive health care.
The purpose of this role is to direct and oversee all of the financial
activities, including the preparation of current financial reports and
forecasts for future business growth.Number of Positions Open: 1
Reports To: Chief Executive Officer
Location: Nairobi, Kenya
Closing Date: Open Until Filled
Summary
Our client is a Medical Insurance Provider registered under the Insurance Act. They utilize managed care principles to provide access to comprehensive health care.
The Chief Financial Officer is responsible for leading and directing the timely and efficient delivery of support services to the business which includes: financial management and procurement, investment management and risk management.
Primary Responsibilities
Monitoring, Controlling and Reporting
Formulating annual budgets in close relation with departments for Board approval
Analyze and forecast critical financial performance indicators such as cash flow, cost controls and actual figures against budgets / targets. Convey these analyses to the CEO, the Board Business Committee, and recommend on corrective actions where needed
Analyze and review aged accounts, accounts receivable and make recommendations for improvement
Analyze and recommend methods to improve cost effectiveness
Ensure adherence to limits contained in signed agreements with shareholders, financiers, clients and other key partners
Ensuring optimal investment of excess funds to maximize investment income
Present the financial performance reports to the Board
Supporting Business
Contribute to strategic planning and development as a member of the executive team
Contribute to the achievement of the company objectives by providing advice and guidance on financial strategy
Assesses the long term financial trends and review prospects for future growth of income and new product areas, and pinpoint potential weak areas
Represent the company to financial partners and other investor relations. Provide financial updates, reports and equity/debt tracking
Act as the principal contact officer in dealing with banks and financial institutions with respect to credit terms, funding and communicating the company’s performance to them
Overseeing Accounting Systems and Procedures
Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, tax planning
Approve and coordinate changes and improvements in automated financial and management information systems for the company
Oversee the coordination and activities of the external auditor and ensure all audit issues are resolved
Establish and maintain appropriate internal control safeguards
Review and improve finance, accounting, billing, and auditing procedures
Develop and implement risk management policies
Managing finance department
Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures
Manage, motivate, recruit, select and evaluate financial staff
Provide guidance and training to financial staff in order to further improve their overall financial knowledge
Skills and Requirements
Qualification
A bachelors and a masters degree from a recognized University; in Business Administration, Strategic Management, Economics or Finance
Knowledge of finance, accounting, budgeting, and cost control principles including International Financial Reporting Standards (IFRS)
Experience
Minimum 7 years relevant experience with at least 5 years in senior management
Minimum 5 years experience in service industry
Experience working in a fast growing environment
Key Competencies:
Ability to analyze financial data and prepare financial reports, statements, and projections
Ability to generate professional written reports
Strategic thinking skills
Negotiation skills
Strong communication and interpersonal skills
Planning and organizational skills
How to Apply
Interested candidates holding the necessary requirements, good performance and / or references are encouraged to apply with detailed CVs, inclusive of names and contacts of 3 referees, current telephone number and email address by:
Sending CV to recruiter@personnelresource.com
Only short listed candidates will be contacted.
“Personnel Resource is an equal opportunity employer”
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