Chief Finance Officer (Britam General Insurance) – (25000047)

Job Purpose:

To provide strategic financial leadership and oversight across all aspects of the company’s financial operations. This includes financial planning and analysis, statutory and regulatory reporting, capital and investment management, reinsurance accounting, actuarial collaboration and risk management. 

The CFO ensures the company’s financial sustainability, regulatory compliance and operational efficiency, while supporting profitable growth, maintaining strong internal controls and advising the CEO and Board on financial strategies that drive long-term value for shareholders. The role will report to the Chief Executive Officer and Britam Holdings Plc Finance and Strategy Director

Key Responsibilities:

• Oversee timely and accurate preparation of statutory, regulatory, and management reports in compliance with IFRS and internal frameworks.
• Lead the development of strategy, annual budgets, business plans and forecasts, including variance analysis to drive alignment with strategic goals.
• Analyzing and forecasting critical financial performance indicators such as cash flow, cost controls and actual figures against budgets / targets and conveying these analyses to the CEO, the Board Committee and recommend on corrective actions where needed
• Manage relationships with regulators, external auditors and tax authorities, ensuring smooth audits, inspections and compliance engagements.
• Develop, implement, and enforce finance policies, procedures, and internal controls to safeguard assets and ensure accuracy in financial reporting
• Ensure full compliance with tax laws, regulatory requirements, and financial reporting standards, and coordinate timely tax filings and payments.
• Optimize investment of excess funds and manage relationships with financial institutions
• Develop and oversee company-wide financial and operational risk management frameworks, and ensure timely closure of audit and risk issues.
• Safeguard the integrity of the general ledger, trial balance and reconciliations through effective controls and oversight.
• Monitor receivables, enforce credit policies, and take action to improve collection performance.
• Oversee the effectiveness of financial systems and support continuous improvement of budgeting, reporting, and analysis tools.
• Partner with functional leaders to ensure financial strategies are aligned with operational priorities and data-driven decision-making.
• Support business development initiatives by providing financial modelling, evaluating new markets, products, partnerships and ensuring commercial viability of growth opportunities.
• Oversee fixed asset management, including accounting, controls, and reporting.
• Mentor, coach and develop the finance team to build high-performing talent pipelines and ensure succession readiness.
• Provide the CEO and Board with forward-looking financial insights, forecasts, and strategic recommendations to guide business growth.
• Exercise authority in line with the approved Delegated Authority Matrix.
• Perform any other duties as may be assigned from time to time

Qualifications and Experience:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field. Actuarial Science will be an added advantage.
• Professional certification such as CPA (K), ACCA, CFA or equivalent is mandatory. Must be a Member of Institute of Certified Public Accountants or equivalent
• A Master’s degree in Finance, Accounting, Business Administration, or a related field is an added advantage
• 10+ years of progressive experience in finance, with at least 5 years in a senior leadership role (preferably within the insurance or financial services sector).
• Proven experience in financial reporting under IFRS, regulatory reporting, and statutory compliance.
• Demonstrated expertise in budgeting, forecasting, investment management, and strategic financial planning.
• Experience working in a fast-growing environment
• Strong background in insurance finance operations, including reinsurance accounting, claims reserves, and actuarial collaboration
• Ability to analyze financial data and prepare financial reports, statements, and projections
• Experience in managing external audits, regulatory inspections, and risk & control environments.
• Hands-on experience with ERP systems and financial reporting tools (e.g., SAP, Oracle, Hyperion).
• Excellent team leadership skills, communication, organization and presentation skills