Chief Financial Officer - CFO  
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Job Title:   Chief Financial Officer - CFO
Category:   Accounts
Total Positions:   1
Job Location:   Islamabad
Gender:   No Preference
Minimum Education:   Bachelors
Career Level:   Experienced Professional
Minimum Experience:   5 Years
Apply By:   Sep 13, 2020
Job Description:

ICA, a reputable Insurance corporation, based and registered in Afghanistan, is seeking to recruit an experienced on the position of Head of Finance Manager or Senior Finance Manager with a solid track record of running and managing the day to day business affairs and to meet reporting requirements to all the stakeholders on a timely basis.

Reporting into the Chief Executive Officer,

This position will include overall responsibility is to manage ICA's financial accounting, monitoring and reporting systems requirements on a timely basis.

Detail about the responsibilities are as follows:

  • Monitor the day-to-day financial operations within ICA, such as payroll processing, vendor invoicing, management of receivables-payables and other operational transactions i.e. health and other sector financial claims etc.;
  • Oversee financial department employees and to guide & direct to them on their roles and responsibilities to achieve the objectives of the department and ICA;
  • Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary;
  • Track the ICA's financial status and performance to identify areas for potential improvement;
  • Providing and interpreting financial information;
  • Analyzing changes and advising accordingly;
  • Ensuring compliance with required financial controls available;
  • Seek out methods for minimizing financial risk exposure to the ICA
  • Provide insightful information and expectations to senior executives (Chief Executive Officer, Chief Underwriting Officer etc.)  to aid in long-term and short-term decision making and planning.
  • Review financial data and prepare monthly, quarterly, half-yearly and annual reports within the time frame communicated by the stakeholders.
  • Developing external relationships with appropriate bodies, e.g. auditors, solicitors, bankers and statutory and regulatory organizations (income tax authorities, CBR department, Afghanistan insurance authority (AIA)
  • Ensure to pay all the taxes (Wage withholding taxes, rental taxes, contract’s taxes, BRT etc.) on a timely basis to avoid any related penalties imposed by Income Tax Authorities of Afghanistan.
  • Ensure monthly, quarterly and yearly reporting requirements of Afghanistan Insurance Authority within due time period communicated.
  • Ensure to prepare and maintain all underlying accounting and other records properly all the time.
  • Ensure to prepare all the reconciliation on a monthly basis (bank reconciliations, written business reconciliation, reconciliation with the related parties etc.)
  • Stay up to date with technological advances and accounting software will be used for financial purposes in the future.
  • Ensure to provide support for the procurement and development of accounting an insurance software modules during all the phases; so that related reporting and financial requirements could be designed accurately.
  • Establish and maintain financial policies and procedures for the ICA on identified or missing areas.
  • Understand and adhere to financial regulations and legislation (income tax law, insurance law and other major laws and regulations etc.)
  • Managing the annual budgeting cycle,
  • Monitoring and interpreting cash flows and predicting future trends,

Company Information
Company Name:  InFrontier
Company Description:

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