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.

Please send your application on [email protected].

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 17^th, 2023

Signed by:

Chief Executive Officer