CFO (Insurance)

About Our Client

Our client is a leading player in the insurance sector, committed to providing compliant financial protection services and they're looking for talented individuals who are keen on driving changes and performance of the business to join them.

Job Description

• Strategic Financial Leadership:
  • Develop and execute the company's financial strategy in line with its overall business goals and Shariah compliance.
  • Collaborate with the CEO and executive team to set long-term financial goals and business objectives.
  • Provide financial insights and guidance to support strategic decision-making and business planning.
• Financial Management & Reporting:
  • Oversee the preparation and accuracy of financial reports, including income statements, balance sheets, and cash flow statements, ensuring they comply with Shariah principles.
  • Lead the budgeting, forecasting, and financial planning processes, ensuring alignment with company objectives.
  • Ensure timely and accurate financial reporting to stakeholders, including regulatory bodies, the Board of Directors, and investors.
• Risk Management & Compliance:
  • Implement and maintain a robust risk management framework that complies with Takaful regulations and Shariah requirements.
  • Monitor and manage financial risks, including investment risks, market risks, and operational risks, ensuring adequate protection of policyholder funds.
  • Ensure compliance with all relevant regulatory requirements, including those set by the central bank, insurance regulators, and Shariah boards.
• Investment Management:
  • Oversee the company's investment strategy, ensuring investments are Shariah-compliant and aligned with the company's risk appetite.
  • Manage relationships with investment managers, ensuring optimal performance of the investment portfolio.
  • Provide regular updates on investment performance to the Board and other stakeholders.
• Operational Efficiency:
  • Drive financial process improvements to enhance efficiency and accuracy across the organization.
  • Lead the implementation of financial systems and technology to support the company's operational needs.
  • Oversee treasury management, including cash flow management and liquidity planning.
• Capital Management & Fundraising:
  • Manage the company's capital structure, ensuring adequate liquidity and capital reserves to meet regulatory requirements and support growth.
  • Lead efforts to raise capital, including issuing Sukuk or other Shariah-compliant financial instruments.
  • Build and maintain relationships with banks, investors, and other financial institutions.
• Team Leadership & Development:
  • Lead, mentor, and develop the finance team, fostering a culture of continuous improvement and high performance.
  • Ensure the finance team has the necessary skills and knowledge to support the company's strategic objectives and compliance requirements.

The Successful Applicant

• Degree in Finance, Accounting, Economics, or a related field; MBA or CPA is preferred.
• Minimum 10 years of experience in finance, with at least 5 years in a senior leadership role within the insurance or Takaful industry.
• Strong knowledge of Shariah-compliant financial practices and Takaful regulations.
• Experience in investment management and risk management within a financial services environment.
• Strong communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.
• High level of integrity and commitment to ethical business practices.
• Strong problem-solving and analytical skills.

What's on Offer

The CFO plays a critical role in shaping the financial strategy of the company, overseeing all financial activities including budgeting, financial reporting, risk management, and compliance with Shariah principles. The CFO will also be responsible for driving financial efficiency and supporting the company's growth objectives in the Takaful insurance market.