Finance Manager – Insurance Sector

Location: Malawi

Reports To: Shareholders

Department: Finance/Operations

 

 Job Summary

The Finance Manager will oversee the financial operations of the insurance company, ensuring compliance with regulatory requirements and optimizing financial performance. This role requires expertise in General Insurance, Life & Pensions, Asset Management, and Treasury, along with a strong understanding of insurance operations.

 

Key Responsibilities: Financial Management & Reporting: Oversee financial planning, budgeting, and forecasting processes. Prepare and analyze financial statements, ensuring accuracy and compliance with IFRS (must have worked with IFRS 17) and local regulations. Monitor financial performance and provide strategic recommendations to senior management. Ensure timely submission of regulatory financial reports to relevant authorities.

 

 Treasury & Investment Management: Manage liquidity, cash flow, and capital adequacy to ensure financial stability. Oversee investment portfolios, ensuring alignment with risk appetite and regulatory requirements. Develop and implement treasury policies, including asset-liability management strategies. Optimize working capital and manage relationships with banks and financial institutions.

 

 Insurance Operations & Risk Management: Ensure financial controls and compliance with insurance regulations. Collaborate with underwriting and claims teams to assess financial impact and profitability. Conduct risk assessments and implement mitigation strategies. Support actuarial functions in pricing and reserving strategies.

 

 Asset Management & Pension Fund Oversight: Manage insurance company assets, ensuring optimal returns and risk management. Oversee pension fund investments and ensure compliance with pension regulations. Develop strategies for asset allocation and investment diversification.

 

Leadership & Stakeholder Engagement: Lead and mentor the finance team, fostering a culture of excellence and accountability. Liaise with auditors, regulators, and external stakeholders to ensure compliance and transparency. Provide financial insights to support business growth and strategic decision-making.

 

Qualifications & Experience: Bachelor’s degree in Finance, Accounting, Economics, or related field (Master’s degree preferred). Certifications: CPA, CFA, ACCA, or equivalent. Minimum 5-10yrs in financial management within the insurance sector. Strong knowledge of insurance accounting, IFRS, and regulatory frameworks. Expertise in treasury management, investment strategies and risk assessment. Proficiency in financial modelling, budgeting, and forecasting. Excellent leadership and stakeholder management skills. A generous salary package will be offered to the successful candidate. If you possess the required attributes and competencies, please attach your CV in word format and send to: cvs@oxfordrecruitment.co.zw    

 

 Only shortlisted candidates will be contacted.