The Ugandan Jobline

Job Title:   Chief Finance Officer

Organisation: Jubilee Life Insurance Company Uganda

Duty Station:  Kampala, Uganda

JOB REF. No. HRJLICU0130

About the Company:

Jubilee Life Insurance Company Uganda is the number 1 insurance provider in Uganda.  We boost of over 80 years of service provision all over East Africa.

Job Summary:   We currently have an exciting career opportunity for the role of Chief Finance Officer, Jubilee Life Insurance Company of Uganda (JLICU). The position holder will report to the Chief Executive Officer.

Key Duties and Responsibilities:

Strategy

• Lead the development of short and long-term financial objectives, ensuring alignment with Jubilee Group standards.
• Coordinate budget processes and financial evaluations for strategic initiatives, M&A activities, and new operations.
• Provide financial insights to support decision-making and foster relationships with financial institutions to optimize partnerships.

Accounting

• Implement new accounting standards (e.g., |FRS 17) and monitor their impacts.
• Work with internal and external auditors and actuaries to ensure compliance and accurate valuations.
• Manage the finance team’s performance against budget targets.

Controlling and Reporting

• Oversee the preparation of annual financial statements and reports.
• Analyze financial data, comparing actual performance with budget and industry benchmarks.
• Ensure compliance with regulatory reporting and maintain effective financial controls.
• Advise the CEO and Board on financial matters and ensure sound financial management practices.

Compliance

• Stay updated on financial regulations and ensure adherence to industry standards and internal policies.
• Implement risk management strategies to mitigate operational, financial, and regulatory risks.

Leadership and People

• Provide transformational leadership and build a high-performing finance team.
• Foster a corporate culture that supports ethical practices, employee motivation, and development.
• Ensure adequate recruitment, training, and succession planning within the finance department.

Qualifications, Skills and Experience:

Key Competencies and Skills

• Strong knowledge of life insurance industry practices, products, and regulatory requirements.
• Strategic, performance-driven individual with excellent leadership, communication, and stakeholder management skills.
• Proficient in risk management, financial planning, and reporting, with a proven record of revenue growth.

Relevant Experience

• Master’s in Finance, Business Administration, or related field.
• Bachelor’s in Finance or related field.
• CPA/ACCA qualification or equivalent.
• Minimum of 10 years of experience in finance, particularly in regulated environments, with a focus on the insurance sector.

How to Apply:

If you are qualified and seeking an exciting new challenge, please apply via RecruitmentLife@jubileeUganda.com quoting the Job Reference Number and Position

Deadline: 14th December, 2024.

NB: Only shortlisted candidates will be contacted.

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