Cornerstone Insurance Plc. was incorporated on 26th July 1991 as a private limited liability company and became a Public Limited Liability, quoted on the Nigerian Stock Exchange in 1997. Our organization was established to conduct Insurance business in a professional, ethical and customer-focused manner and has remained committed to these values over the years.
We are recruiting to fill the position below:
Job Title: Chief Financial Officer (CFO)
Location: Lagos
Employment Type: Full-time
Responsibilities
Efficiently implement the financial policies/procedures of the Company in line with generally accepted accounting policies;
Be responsible for the timely provision of relevant and reliable financial information to stakeholders;
Ensure availability and adequacy of funds to finance operations;
Ensure adequate control system and processes to secure the assets of the organization;
Provide leadership and continuous evaluation of short and long-term strategic financial objectives;
Provide advice and reporting on the state of the company’s finances to the Board;
Ensure credibility of the Finance team by providing timely and accurate analysis of budgets, financial trends and forecasts.
Provide Executive Management with advice on the financial implications of business activities;
Manage processes for financial forecasting and budgets;
Provide recommendations to strategically enhance financial performance and business opportunities;
Ensure that effective internal controls are in place and ensure compliance with applicable Federal, State and Local regulatory laws;
Serve as the principal advocate for prudent, consistent and accountable management of financial assets;
Responsible for the financial management operations which include the development of a financial strategy, metrics tied to that strategy and the ongoing development and monitoring of control systems designed to preserve assets and report accurate financial results;
Assist in formulating the company's future direction and supporting tactical initiatives;
Monitor and direct the implementation of strategic business plans;
Develop performance measures and monitoring systems that support the company's strategic direction;
Oversee the completion of timely annual audited financial statements.
Participate in key decisions as a member of the executive management team.
Performs other financial-related duties as required.
Set performance goals, monitor progress, and evaluate results.Set performance goals, monitor progress, and evaluate results.
Allocate resources (budget, personnel) within the group to achieve goals.
Nurture and develop leadership potential within the organisation.
Identify and mitigate risks relevant to business operations.
Lead and facilitate change initiatives within the organisation.
Ensure all policies align with GAAP; oversee the delivery of accurate and timely financial reports to stakeholders; establish strong internal controls to mitigate risks like fraud and data breaches; manage relationships with regulatory bodies (NAICOM, FIRS, Lagos IRS) to ensure compliance; provide ongoing leadership and evaluation of the company's short- and long-term financial strategies.
Advise the Board on the company's financial health through clear and insightful analysis; build trust through accurate analysis of budgets, trends, and forecasts; support the Executive Management team by providing financial guidance for business activities
Manage budgeting and forecasting processes to ensure accurate financial planning; Proactively seek opportunities to improve financial performance and profitability; champion strong internal controls and compliance (developing control procedures, internal audits, AML adherence); advocate for responsible and ethical financial management of the company's assets.
Shape financial strategy (metrics, resource allocation) and execution (collaboration, projections), tracks progress via KPIs, and ensures accurate financial reporting.
Actively participate in key strategic decisions across the organization; Contribute to the company's ERM framework by identifying, assessing, and mitigating financial risks; manage investor relations by communicating financial results to stakeholders; manage financial aspects of mergers and acquisitions, and be prepared to take on other financial duties as assigned by the company or Board.
Education
Bachelor’s degree or equivalent in Accounting, Economics, Banking & Finance, or related fields.
Professional Certification in Accounting (ICAN, FCA, CTIN, AAT).
Experience:
10 - 15 years experience, 5 years at board of senior management level.
Experience as a Credit Controller, Hands on experience in regulatory activities including IFRS reporting.
Application Closing Date
31st July, 2024.
Method of Application
Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.