Head, Financial Control at Fosad Consulting

Our client is a leading global financial institution offering Life Assurance and Short-Term Insurance services and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients' circumstances.

Job Description

Key Focus

• Responsible for the financial accounting/ control function in the business unit.
• Carries overall responsibility for the preparation and quality of financial accounts and maintenance of financial records
• Contributes to and implements financial strategy.
• Assists in deciding on the financial and business viability of new and existing projects and programmes.
• Analyses financial records such as income trends.
• Plans and prepares budgets and documents such as the annual report, according to organisational goals.
• Analyses and monitors the effect of budget or policy changes on business unit productivity.
• Responsible for audit liaison as well as tax, legislative & statutory requirements.

Key Result Areas

Financial Control

• Contributes to and implements financial strategy.
• Responsible for the financial accounting / control function in the business unit through other managers and their teams.
• Carries overall responsibility for the preparation and quality of financial accounts.

Financial Analysis

• Analyses financial records such as income trends.
• Analyses and monitors the effect of budget or policy changes on the business unit's productivity.
• Assists in deciding on the financial and business viability of new and existing projects and programmes.

Financial Reporting

• Plans and prepares budgets and documents such as the annual report, according to organisational goals.

Governance and Compliance

• Liaises with internal and external auditors.
• Ensures tax, legislative and statutory requirements are met.

Team Effectiveness

• Individually accountable for staff time, tasks and output quality, over periods of up to 1 year.
• Guides and directs staff to achieve operational excellence standards.
• Balances own priorities with directing and motivating others.
• Creates a climate for optimal performance.

Accountability

• Manages performance.
• Selects potential staff to sustain customer / client service delivery.

Qualifications

• 15 years’ experience minimum
• Individually accountable for the financial accounting/ control function in the organisation through staff supervised over periods of 3 months to a year. 
• Carries overall responsibility for the preparation and quality of financial accounts and maintenance of financial records.
• Knowledge of local and global insurance practices.
• Qualified Accountant – ICAN, ACCA, etc.
• Experience in a financial services firm (Big Four) is an advantage.
• Managerial skills.
• Presentation skills.
• High level Financial Acumen.
• Great Interpersonal skills.