KPMG Nigeria – Our client is one of Nigeria’s foremost leading insurance services companies. Over the years, the company has built a reputation of honouring its underwriting commitments and excellence in claims handling. In line with our client’s decision to ensure key roles are filled by suitably qualified candidates who have hands-on experience with implementing leading practices in financial management processes, the company is seeking to hire an exceptional individual to fill the position below:


Job Title: Chief Finance Officer
Ref #: CFO/INS/007
Location: Lagos, Nigeria
Detailed Job Description

  • Reporting to the MD/CEO and the Board, the jobholder will provides financial direction, planning and accounting to the business.
  • The role also plans and directs short-term and long term financial goals, ensure fiscal compliance & governance and manages short & long term funding.

Liquidity & Treasury Management:

  • Ensures that optimal liquidity is available to deliver business plan.
  • Review working capital/cash flow requirement on a regular basis.
  • Monitor Banking activities for the entire Group for proper running and ensure regular reconciliations of all banking transactions with the cash books.
  • Negotiate/arranges external finance, when necessary.

Budgeting and Financial Forecast:

  • Develop plans, budgets, forecasts and financial results to guide management decisions by forecasting requirements; analyzing variances and initiating corrective actions.
  • Present operating and capital expenditure budgets for review and approval.

Financial Analysis & Interpretation:

  • Monitors financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.
  • Reports financial status by developing forecasts; reporting results; analyzing variances; developing improvements.
  • Coordination of Financial Reports coming from companies (subsidiaries and associate) within the Group.
  • Responsible for presenting and reporting accurate and timely historical financial information of the Group (Company and subsidiaries).
  • Should be able to demonstrate understanding of insurance financials as well as advanced business finance and performance analysis.

Regulatory & Statutory  Relationship:

  • Oversee the coordination and activities of independent auditors (Internal and External Auditors).
  • Coordinating regulatory and supervisory functions – Complied with regulatory requirements by approving and files statements and reports; files returns and pays taxes.
  • Managing relationship with Regulatory and Statutory bodies, i.e. NAICOM, FIRS, Lagos State Internal revenue Service, etc.

Internal Control & Monitoring:

  • Ensure adequate controls are installed and maintained to cover all financial transactions, including safeguarding financial assets.
  • Ability to develop versatility for the handling of various business application within the Group.
  • Oversees the activities of all FCs for proper coordination and should be able to coordinate branch financial activities properly.

People Management:

  • Oversees activities of Employees In Teams (i.e. hires, coaches, appraises rewards, motivates, discipline, recommends and terminates as necessary.
  • Works through HODs in setting standards, priorities and schedules.
  • Employee Engagement for Finance Group.

Educational Qualifications & Functional / Technical skills

  • Bachelor’s degree in Accounting or Finance related field.
  • A qualified / certified Accountant (ACA/ACCA); CFA is mandatory.
  • Working knowledge of IFRS.
  • Strong budget and management skills, including proven ability to project/process manage.
  • Ability to adapt to change quickly and multi-task.
  • Excellent ability as a consultant/negotiator to influence company senior management.
  • Demonstrable understanding of insurance financials as well as advanced business finance and performance analysis.
  • Knowledge of statutory and regulatory issues as well as Global best practices.

Relevant Experience:

  • Minimum of 15 years financial experience, with at least 5 years in Senior Financial Management capacity spanning Corporate, Business Planning, Revenue Assurance, Treasury Management and Accounting with excellent knowledge of insurance Business.

How to Apply
Interested and qualified candidates should:
Click here to apply


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