Chief Accounting Officer

Requirements:

1. Bachelor’s degree in Accounting, Finance, or a related field; ACCA or relevant certifications is highly advantageous.
2. Extensive experience in the reinsurance or insurance industry, with a strong understanding of reinsurance accounting principles and regulatory requirements.
3. Deep understanding of reinsurance accounting, including reserve setting, premium recognition, and claims management.
4. Strong knowledge of financial systems and proficiency in accounting software.
5. Exceptional leadership and team management skills.
6. Strong ability to lead and inspire the accounting team to achieve organizational goals.
7. In-depth knowledge of reinsurance accounting standards and regulatory requirements.

Scopes:

1. Oversee the preparation of financial statements in accordance with IFRS 17, ICAF, or local accounting standards applicable to the reinsurance industry.
2. Monitor and implement new accounting pronouncements and ensure compliance with evolving accounting standards.
3. Ensure compliance with all regulatory requirements specific to the reinsurance industry.
4. Manage the day-to-day accounting operations, including general ledger, accounts payable, accounts receivable, and tax functions.
5. Lead the month-end, quarter-end and year-end closing processes, ensuring accuracy and timeliness.
6. Oversee the reconciliation of reinsurance contracts, including premium, claims, and reserve accounting.
7. Provide strategic leadership to the accounting department, setting goals and ensuring alignment with the overall business strategy.
8. Collaborate with the CFO and other executives to provide financial insights and analysis that support decision-making and strategic planning.
9. Develop and mentor accounting teams, fostering a culture of high performance, accountability, and continuous improvement.
10. Act as a trusted advisor to senior management on complex accounting and financial issues.
11. Identify and manage accounting-related risks, ensuring the integrity of financial reporting and compliance with risk management frameworks.
12. Ensure accurate accounting for reinsurance contracts, including reserve adequacy, loss development, and premium allocation.
13. Coordinate and manage internal and external audits, including preparation of audit schedules and responding to auditor inquiries.
14. Ensure proper documentation and compliance with accounting policies and internal control processes.
15. Work with the accounting team to manage cash flow and liquidity, ensuring the company’s ability to meet its financial obligations.

Experience Required: Min 5 Year/s