Head, Reporting and Tax- Insurance Experience

Head Reporting and Tax

Senior Manager

Finance

Head of Finance Reporting and Tax will lead and oversee all financial reporting accounting and tax planning activities for the company. This role is responsible for ensuring accurate and timely financial reporting tax and regulatory compliance and the development of financial strategies that support the companys overall growth and profitability.

Chief Finance Officer

Head Office

What will Make you Succeed

Executive/Master degree in Financial Management Accounting or similar field.

Qualified Accountant with ICAGH ACCA or its equivalent

Ten (10) and above years extensive experience Finance Accounting and Investment with over 5 years in management role.

Accounting & Reporting

Assist the CFO in the strategic planning and direction of the Company by providing commercial and financial insights both strategic and operational as a member of the Senior Management Team.

Prepare and ensure proper consolidation of financial data for group-level reporting.

Participate in implementing all financial aspects of the strategic plan and achieving associated objectives.

Collaborate to manage and maintain the business planning and budgeting process including budgets capital expenditures budget monitoring and forecasts/run rates.

Ensure the Company has effective financial systems controls and processes in place utilized consistently throughout the organization.

Assist in providing a comprehensive range of financial accounting and reporting services for profitability assessment across various segments (MM CC Branch Line of Business Channel and selected agents).

Review various schedules for external and internal reporting requirements including the monthly management accounts pack NIC prudential reports financial reports for board meetings tax computations and annual financial statements.

Prepare monthly quarterly and annual financial statements in compliance with group statutory regulatory and IFRS 17 requirements.

Assist in analyzing and assessing the reporting impact on the organization developing strategies to ensure compliance with new reporting (IFRS 17) and disclosure requirements.

Coordinate develop and update written policies and procedures related to the financial reporting process

Ensure the timely development and maintenance of high-quality reports to meet financial reporting deadlines.

Collaborate closely with colleagues at all levels to ensure commercial priorities financial targets and disciplines are well understood and adhered to.

Ensure the Company meets its corporate statutory and fiscal obligations in a timely and cost-effective manner.

Generate monthly cost statements comparing actuals against budgets and forecasts.

Analyze and interpret financial information.

Monitor and interpret cash flows and forecast future trends.

Implement appropriate operational procedures to ensure efficient operation and monitoring of the finance department meeting SLAs with the business.

Assist in conducting reviews and evaluations for cost-reduction opportunities.

Provide the CFO with accurate and up-to-date management information both individualized and comparative regarding the Companys financial operations.

Maintain a robust fixed assets management system.

Tax Compliance and Filing

Oversee all tax compliance processes including the preparation review and timely submission of tax returns (corporate income tax VAT payroll tax and other relevant taxes).

Ensure accuracy in tax filings and adherence to local national and international tax regulations to prevent penalties or legal issues.

Develop and implement effective tax strategies to optimize the companys tax position while remaining fully compliant with applicable tax laws.

Identify and mitigate potential tax risks by establishing strong internal controls and monitoring changes in tax regulations.

Strategic Support Advisory and Other Duties

Work closely with other departments (e.g. Actuarial Underwriting Marketing) to provide financial guidance and support for business initiatives.

Conduct pre-audits of insurance and non-insurance payments and supplier requisitions to ensure they are within budget before approval for payment.

Oversee a smooth external audit process with NIC Ghana Revenue Authority and external auditors.

Address findings resulting from external audits.

Respond to findings from internal audits operational risk assessments and compliance reviews.

Ensure the finance team remains informed about financial reporting best practices to continuously improve reporting quality.

Write and oversee the timely performance evaluations for direct reports and their subordinates.

To represent the CFO on selected committee

Facilitate training where required in order to build and develop capacity for team members.

Understanding of accounting principles practices regulations and procedures related to financial reporting and Tax.

In-depth understanding financial regulations and compliance of General Insurance Business including regulatory requirements

Financial reporting in compliance with IFRS and regulatory requirements (including IFRS 17)

Conversant in NIC provisions and prudential reporting

Conversant in Income Tax Act 896

Accounting system software (eg. Sage ERP etc.)

Skilled in data processing techniques for accounting systems. (eg. Sage ERP etc)

Proficient in the Microsoft Suite with intermediate to advanced Excel skills.

Budgeting

Project Management skills

Experience with Premier Integrated software is a plus.

Agility in decision making

Integrity and accountability

Ability to effectively supervise and manage a team.

Proficient in managing the performance of subordinates.

Foundational team leadership skills to foster team development minimize conflicts and manage team dynamics.

Team development and mentorship

Change Management

Strong people skills.

Adaptability to change and diversity.

Agility in cognitive reasoning

Personal credibility and self confidence

Results oriented

High integrity creativity and good interpersonal ability