Finance Director at Prime Insurance Ltd: (Deadline 28 March 2023)
Job Vacancy FINANCE DIRECTOR
- BACKGROUND
Prime Insurance Limited is an insurance company, established in 1995 by Rwandan investors, a licensed general insurance company authorized by the National Bank of Rwanda (BNR).
The Company is seeking to recruit a highly skilled, self- motivated and experienced person to fill the following post:
- FINANCE DIRECTOR
Under the supervision of Chief Executive Officer, the Finance Director shall oversee the development and implementation finance strategies in accordance with company goals and objectives aimed at accelerating growth.
Job Title Finance Director
Supervisor Chief Executive Officer
Duration Open ended
Salary Competitive package based on qualification and experience
Closing Date Tuesday, March 28th, 2023 (5:00PM, Kigali time)
Essential duties & responsibilities
The Finance Director shall plan, oversee, supervise and execute the duties and responsibilities here below;
FINANCE
- Provide leadership and support for all financial management areas including accounting, payments, and reporting systems
- Ensure development, implementation, dissemination, monitoring and adherence of Standard Operating procedures (SOPs)for the entire finance function
- Responsible for annual budgeting process. Providing direct supervision of forecasting and costing out of items proposed in the budget. Manages and consolidates projections from all departments
- Oversee the monthly projections of expected expenses and monitors expenditure within the company
- Coordinate with related staff to ensure that project budgets, accounting and fiscal control procedures are implemented effectively
- Analyse and present financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements
- update and implement all necessary policies and accounting practices; improve the finance department’s overall policy and procedure
- Ensure financial records and backup documentation is ready and adequate for internal and external audits;
- Coordinate and lead the annual audit process, liaise with external auditors;
- Invest in stable and high return investment portfolio;
- Ensure that all expenses are genuine for the company and that are in the line with adopted budget
- Ensure that the risk of volatile return is adequate mitigated
- Ensure that all receivables are collected
- Pay all genuine claims and other payables as quick as possible
- Give feedback on all queries received from customers and colleagues
LEADERSHIP
- Provide leadership and supervise the finance functions ensuring they are professional, effective and efficient
- Ensure the relevant SOPs are regularly updated and stored and training sessions on the same arranged
- Ensure the smooth day-to-day running of the office through supervision and management of staff
- Develops and maintains good working relationship with external partners, vendors, contractors and other stakeholder
- Provide originality, initiative and good judgment in applying Prime Insurance Ltd policies to new and unusual problems
- Manage and monitors workload within the unit and prioritizes work assignment accordingly
- Plan and execute annual process reviews for the entire finance function
Required Skills & Qualities
- High profile personality with ability to engage high level business and public executives for business partnerships. Having been in Senior Management positions is an added advantage
- Exercise good judgment and seek guidance as appropriate when confronted with unanticipated problems
- Strong computer skills and finance systems
- Strong verbal and written French and English language skills
- Knowledge of economy dynamics and institutional relations
- Ability to work independently with minimum supervision
- Good interpersonal skills and confidence in decision making
- Good leadership, communication, and networking skills
- Must understand marketplace trends and best practices to meet clients’ and regulatory needs
- Ability to prioritize and self-manage work load for self and staff
- Strong negotiating skills
- Ability to work in a fast-paced environment and provide good customer care services
- Having a high sense of integrity
Education & Experience
- Possess a professional qualification in accounting from a recognized institution such as ACCA or CPA;
- Be a holder of Master’s degree in accounting or finance;
- Having an experience of at least five (5) years in finance or accounting in financial institution in senior management role is compulsory;
- Having been in a similar position in an insurance or reinsurance company is an added advantage;
- Rwandan Nationals of age between 35-50 years are only eligible Candidates.
- APPLICATION PROCEDURE:
- Application letter addressed to Chief Executive Officer,
- Recent Curriculum Vitae (CV) with proven work Experience (work certificate),
- Notarized education certificates,
- A copy of National Identification;
- Three referees.
Please send your application on hrm@prime.rw.
The deadline for submitting applications is March 28th, 2023 at 5pm local time.
NB: Only candidates who fulfil the requirements will be contacted.
Done at Kigali, March 17th, 2023
Signed by:
Chief Executive Officer
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