Head, Finance – Cosmopolitan Health Insurance

Job Description

Role Title: Head, Finance
Department: Finance
Reports To: Chief Executive Officer
Direct Reports:

• Senior Officer, Finance
• Officer, Finance
  ROLE PURPOSE
  To provide strategic leadership and oversight for the Finance function by ensuring sound
  financial management, regulatory compliance, effective financial reporting, and optimal
  utilization of financial resources to support business performance and sustainability.
• 
  KEY RESULT AREAS (KRAs)

1. Strategy & Policy Development
2. Financial Accounting & Control
3. Management Accounting & Budgeting
4. Investment & Treasury Management
5. Stakeholder Management
6. Information & Reporting
   
   KEY RESPONSIBILITIES

• Provide strategic direction and leadership for the Finance Department in alignment with
  overall corporate objectives.
• Develop and implement financial policies, SOPs, systems, and control frameworks to
  ensure prudent financial management.
• Oversee the preparation of accurate and timely financial statements, reports, and
  analyses.
• Ensure effective internal controls, including general ledger management, reconciliations,
  and financial risk monitoring.
• Supervise accounts payable/receivable processes, payroll administration, and invoicing to
  ensure compliance with policies.
• Monitor cash flow and oversee treasury functions, including banking relationships and
  fund transfers.
• Lead the preparation and monitoring of annual budgets, including variance analysis and
  cost control measures.
• Ensure compliance with statutory obligations, including tax, SSNIT, NHIA, and other
  regulatory requirements.
• Provide financial insights and analysis to support strategic decision-making and business
  planning.
• Manage company investments, including evaluation of opportunities, risk assessment,
  and profitability analysis.
• Develop and maintain relationships with key external stakeholders, including auditors,
  regulators, and financial institutions.
• Ensure timely preparation and submission of statutory and regulatory reports.
• Oversee financial data management systems to support accurate reporting and decisionmaking.
• Supervise, mentor, and develop team members, including performance management and
  succession planning.
• Ensure efficient allocation and utilization of departmental resources.
• Perform any other duties as may be assigned by Management.
  INTERNAL & EXTERNAL RELATIONSHIPS
  Internal: CEO, Heads of Departments, all staff
  External: Financial Institutions, External Auditors, GRA, SSNIT, NHIA, PF Fund Managers,
  Health Service Providers
  
  
  JOB SPECIFICATION
  Education, Professional Qualification & Experience
• Master’s Degree in Finance, Accounting, or related field
• Must be a Chartered Accountant
• Minimum of 7 years’ relevant experience, with at least 3 years in a managerial role,
  preferably within the health insurance industry
  
  
  Technical Competencies
• Strong knowledge of accounting standards, IFRS, and financial regulations
• Proficiency in financial modelling, budgeting, and forecasting
• In-depth knowledge of treasury and investment management
• Good understanding of NHIA and statutory regulatory requirements
• Proficiency in accounting systems and Microsoft Office tools
• Knowledge of enterprise-wide financial systems
• Strong analytical and financial reporting skills
  
  
  Managerial Competencies
• Ability to lead, supervise, and develop teams
• Strong decision-making and problem-solving skills
• Ability to plan, organize, and execute effectively
• Ability to design and implement control systems
• Strong delegation and performance management skills
  
  
  Personality Competencies
• High integrity and ethical standards
• Strong analytical and attention to detail
• Excellent communication and presentation skills
• Ability to work under pressure
• Strong interpersonal and relationship management skills
• Ability to maintain confidentiality

HOW TO APPLY

Kindly send your CV with a cover letter to info@cosmopolitanhi.com