Planning, Controlling & Reconciliation Manager - Insurance Industry

Key Responsibilities:

General Duties

• Assist in managing and maintaining the business planning and budgetary process including budgets, capital expenditure, budget monitoring and reforecasts / run rates.
• Ensure that the company has effective financial systems, controls, and processes in place and that these are used throughout the company.
• Assist in preparing documentation and reports for audits and regulatory reviews.
• Assist in the Coordination, development and update of written policies and procedures over the financial reporting process.
• Collaborate with Reporting and Tax to churn out high-quality and timely reports to meet deadlines for financial reporting.
• Monitoring and interpreting cash flows and predicting future trends.
• Ensure appropriate operational procedures are put in place for efficient operation and monitoring of the finance department to ensure that SLAs with the business are met.
• Assist in conducting reviews and evaluations for cost-reduction opportunities.
• Identify opportunities for process improvements in financial planning, controlling and reconciliation.
• Identify potential financial risks and recommend strategies for mitigation.

Bancassurance Reconciliation

• Timely reconciliation with all Bancassurance partners to ensure monthly premiums are received on time.
• Investigate and resolve discrepancies between internal records and external statements, ensuring timely and accurate reporting.
• Consult with bank representatives to ensure completeness of all premiums.
• Collaborate with Payables unit for smooth and timely bank reconciliations.

Accounting & Reporting

• 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).
• Assists to prepare group and regulatory reports.
• Maintain accurate financial records and ensure data integrity in financial systems
• Assists to produce monthly, quarterly, and annual financial statements in compliance with group, statutory, regulatory, and IFRS 17 requirements.

What will Make you Succeed?

Technical Competencies

• Conversant with insurance accounting
• Financial Analysis
• Budgeting & Forecasting
• Reconciliation Techniques
• 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
• Data processing techniques to accounting systems.

Leadership Competencies

• Strategic Thinking
• Integrity and accountability
• Decision Making
• Team Collaboration

Personal Competencies

• Attention to Detail
• Adaptability to change and diversity.
• Agility in cognitive reasoning
• Personal credibility and self confidence
• Results oriented
• High integrity, creativity, and good interpersonal ability

Academic and Professional Qualifications Required

• Minimum of 8 years’ experience in accounting
• Bachelor’s degree in accounting, Business administration or a related field
• Qualified Accountant or Partly qualified with ICAGH, ACCA or its equivalent.

Key Relationships:

• Relates with Motor Mass Market & Partnerships, P& R and MIS with regards to prompt and accurate payments approved requests
• Relates with the Sales and Distribution Team with regards to prompt tracking of funds received from customers
• External relationships for with banks

Location: Accra

Salary: Attractive