Role Title: Head, Finance
Department: Finance
Reports To: Chief Executive Officer
Direct Reports:
• Senior Officer, Finance
• Officer, Finance
ROLE PURPOSE
To provide strategic leadership and oversight for the Finance function by ensuring sound financial management, regulatory compliance, effective financial reporting, and optimal utilization of financial resources to support business performance and sustainability.
KEY RESULT AREAS (KRAs)
- Strategy & Policy Development
- Financial Accounting & Control
- Management Accounting & Budgeting
- Investment & Treasury Management
- Stakeholder Management
- Information & Reporting
KEY RESPONSIBILITIES
Provide strategic direction and leadership for the Finance Department in alignment with overall corporate objectives.
Develop and implement financial policies, SOPs, systems, and control frameworks to ensure prudent financial management.
Oversee the preparation of accurate and timely financial statements, reports, and analyses.
Ensure effective internal controls, including general ledger management, reconciliations, and financial risk monitoring.
Supervise accounts payable/receivable processes, payroll administration, and invoicing to ensure compliance with policies.
Monitor cash flow and oversee treasury functions, including banking relationships and fund transfers.
Lead the preparation and monitoring of annual budgets, including variance analysis and cost control measures.
Ensure compliance with statutory obligations, including tax, SSNIT, NHIA, and other regulatory requirements.
Provide financial insights and analysis to support strategic decision-making and business planning.
Manage company investments, including evaluation of opportunities, risk assessment, and profitability analysis.
Develop and maintain relationships with key external stakeholders, including auditors, regulators, and financial institutions.
Ensure timely preparation and submission of statutory and regulatory reports.
Oversee financial data management systems to support accurate reporting and decision-making.
Supervise, mentor, and develop team members, including performance management and succession planning.
Ensure efficient allocation and utilization of departmental resources.
Perform any other duties as may be assigned by Management.
INTERNAL & EXTERNAL RELATIONSHIPS
Internal: CEO, Heads of Departments, all staff
External: Financial Institutions, External Auditors, GRA, SSNIT, NHIA, PF Fund Managers, Health Service Providers
JOB SPECIFICATION
Education, Professional Qualification & Experience
Master’s Degree in Finance, Accounting, or related field
Must be a Chartered Accountant
Minimum of 7 years’ relevant experience, with at least 3 years in a managerial role, preferably within the health insurance industry
Technical Competencies
Strong knowledge of accounting standards, IFRS, and financial regulations
Proficiency in financial modelling, budgeting, and forecasting
In-depth knowledge of treasury and investment management
Good understanding of NHIA and statutory regulatory requirements
Proficiency in accounting systems and Microsoft Office tools
Knowledge of enterprise-wide financial systems
Strong analytical and financial reporting skills
Managerial Competencies
Ability to lead, supervise, and develop teams
Strong decision-making and problem-solving skills
Ability to plan, organize, and execute effectively
Ability to design and implement control systems
Strong delegation and performance management skills
Personality Competencies
High integrity and ethical standards
Strong analytical and attention to detail
Excellent communication and presentation skills
Ability to work under pressure
Strong interpersonal and relationship management skills
Ability to maintain confidentiality
