Job Summary

The purpose of the role is partner with the business to ensure that the business remains financially viable by taking overall responsibility for the finance function of the country. It is individually accountable for the execution of the financial strategy through Managers and their teams.

  • Minimum Qualification: Others
  • Experience Level: Senior level
  • Experience Length: 5 years

Job Description

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 17 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.


We seek the services of a Chief Finance Officer


Job Title: Chief Finance Officer


Job Location:  Accra, Greater Accra


Job Description

  • Contributes to and implements broader financial strategy across the business.
  • Long term focus on future financial direction of the business.
  • Sets operational policies for the business, develops and takes accountability for a business plan.
  • Could manages non-financial functions.
  • May be responsible for actuarial valuation of the business.
  • Translates strategy into business plan.
  • Manages Financial resources
  • Accountable for preparation of financial reports, results and commentary
  • Manages Financial and Operational performance
  • Responsible for planning and forecasting
  • Manages capital and Tax
  • Ensures best financial operating practice and compliance.
  • Responsible for audit liaison as well as tax, legislative & statutory requirements.
  • Influences business on corrective actions required on issues raised by financial accountant.
  • Could include consolidation of accounts.
  • Looks for opportunities to minimize tax liabilities of the organization. Carries out technical actuarial work, often using complex systems and packages.

 

Qualification and Requirements

  • Minimum of a Qualified CA/ ACCA
  • Extensive experience in a senior financial management role.
  • Previous experience in CFO role is an added advantage.

 

Financial Reporting

  • Accountable for preparation of financial reports and record keeping for business unit through other managers and their teams.
  • Could include consolidation of accounts.

 

Business Planning

  • Develops and takes accountability for the business unit business plan.
  • Sets operational policies for the business which have financial implications.

 

Governance & Compliance

  • Ensures best financial operating practices are in place.
  • Responsible for internal and external audit liaison.
  • Ensures tax, legislative and statutory requirements are met.
  • Ensures IAS compliance within a unit.
  • Sets operational policies for actuarial valuation of the business.

 

Financial Strategy

  • Contributes to and is individually accountable for implementing the broader financial strategy across the business over a 1-2-year period.
  • Translates strategy into business plan.
  • Plays an active role in the Finance community and champions the financial soundness and profitability of the business unit.
  • Aligns financial and governance strategy to needs in the external market (inclusive of legislative changes).
  • Understands and supports the business strategies of other segments and markets.
  • Management Effectiveness
  • Manages staff and aligns staff performance contracts to business plans.
  • Leads team to optimise delivery.
  • Holds first line managers accountable for managerial work, including selection,performance management and talent management.
  • Develops MO & specialists under supervision.
  • Selects potential MO & to sustain pipeline.

 

Risk Management

  • Monitors financial processes and performance for business unit/segment.

 

Tax Management

  • Looks for opportunities to minimise tax liabilities of the organisation.

 

Competencies

  • Information Monitoring
  • Business Awareness
  • Decision Making
  • Gaining Commitment
  • Ownership, Planning & Organising
  • Technical Knowledge
  • Thinking Skills, Aligning Performance for Success, Gaining Commitment Discretion and trustworthiness: you will often be party of confidential information
  • Flexibility and adaptability
  • Good oral and written communication skills
  • Organisational skills and the ability to multitask
  • The ability to be proactive and take initiatives
  • Tact and diplomacy
  • A knowledge of standard software packages and the ability to learn company-specific software if required

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