Chief Finance Officer (Insurance Company)

• Finance function set-up (start-up phase): set up the Uganda entity in the accounting software/ERP (MBC), including chart of accounts aligned to Group, opening balances, approval workflows and user access
• Management and periodic closing: manage General Ledger accounting in the accounting software/ERP (MBC)
• Ensure compliance with Ugandan laws and regulations applicable to the business, including the Insurance Act, 2017, the Insurance (Intermediaries) Regulations, 2021, the Insurance (Licensing and Governance) Regulations, 2020 and the Insurance (Mobile Insurance) Regulations, 2020
• Controls, tax and regulatory compliance: oversee Ugandan tax filings and internal financial controls
• Revenue assurance and working capital management: reconcile revenue between the IT systems, the mobile money/payment aggregator and underwriting partners
• Oversee monthly reconciliation of premium deductions/collections with the MNOs (e.g. MTN MoMo, Airtel Money) and the payment aggregator
• Ensure premium remittance discrepancies are escalated and resolved in a timely manner

Qualifications & Experience:

• A recognized university degree in accounting, finance, commerce or a related field
• Holder of the CPA qualification and a member in good standing of the Institute of Certified Public Accountants of Uganda (ICPAU)
• At least four (4) years of working experience as an Accountant, including hands-on month-end closing, Ugandan tax filings and external audit management in insurance, insurance intermediation, microinsurance, fintech or mobile money businesses
• Must obtain written approval from the Insurance Regulatory Authority of Uganda (IRA) for the appointment, in accordance with Section 103(1) of the Insurance Act, 2017

Skills & Competencies:

• Must satisfy the IRA fit-and-proper criteria (Schedule 2 of the Insurance Act, 2017), including provision of a police clearance certificate, certified academic and professional certificates, and professional references
• Hands-on experience with ERP/accounting software and month-end closing
• Strong knowledge of Ugandan tax and insurance regulation
• Strong reconciliation, analytical and attention-to-detail skills