Chief Finance Officer (CFO)

Job Description

Title: Chief Finance Officer (CFO)

Company Name: Prime Insurance Company Limited.

Vacancy: 01

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ MBA/MBS/M.Com in Accounting/Finance;
∎ Candidates having CA qualified as FCA/ACA will be given preference.

Experience Requirements:
∎ At least 5 year(s)

Job Context:
∎ Prime Insurance Company Ltd. is the first ISO 9001:2015-certified well-reputed second-generation non-life Insurance Company in Bangladesh having 40 branches in the key points all of over the country. Prime established in 1996 and listed with Dhaka Stock Exchange Ltd. & Chattogram Stock Exchange Ltd. in the year 2001. The Company is going to launch a digital insurance product very soon. Credit rating of the Company is "AA+" (Pronounced Double A Plus) for the year 2023 which indicates the high claims-paying ability & strong financial position, having a unique corporate & congenial working environment with a 100% online system is looking for ambitious, confident, highly motivated, and energized individuals for appointment in the above position:
∎ Only short listed candidates will be called for interview.

Job Responsibilities:
∎ To administer the Finance and Accounts Department.
∎ Oversee the preparation and communication of monthly, quarterly and annual financial statements.
∎ Ensure compliance with appropriate Accounting Principles adopted in Bangladesh.
∎ To initiate Memo for Meetings of Board, Executive Committee and Audit Committee relating to Finance and Accounts Department.
∎ To present the realistic Yearly Budget of the Company.
∎ To prepare materials of Accounts related information for Annual Report.
∎ To ensure proper deductions regarding source tax and VAT from bills before payment to parties.
∎ Ensure timeliness, accuracy, and usefulness of financial reporting.
∎ To supervise and ensure proper record keeping & reporting, smooth functioning of Accounts & Finance Department and legal and regulatory compliance regarding all finance.
∎ Monitor statutory and special audits.
∎ Ensure payment of advance tax timely and proper & timely filing of tax returns.
∎ To ensure the most profitable use of Company's fund through proper and effective investment (FDRs, shares and bonds etc).
∎ Maintain banking relationships and initiate appropriate strategies to enhance cash positions.
∎ Ensure establishment and maintenance of appropriate internal controls and financial policies and procedures.
∎ To evolve most economic system of managing the Company in an efficient and economic manner.
∎ To maintain all the rules and regulations of the Company & Rules and Regulations of IDRA and ensure financial payments timely.
∎ To ensure departmental cooperation and functioning.
∎ To ensure maintenance of proper books of accounts and timely submission of financial, administrative and other information to the IDRA & other regulatory authorities.
∎ To ensure that Company's accounts, financial matters etc are regularly and periodically audited by the internal and external auditors.
∎ To manage efficiently and effectively the Company's fund and take appropriate steps to prohibit, minimize & probable misuse of fund.
∎ To synchronize management reporting system and to bring harmonization of intradepartmental functions.
∎ To ensure that the Company is maintaining required Solvency Margin Ratio as per the Insurance Act.
∎ To assist the Company Secretary as and when required.
∎ Liaison with the legal advisor to obtain legal guidance relating to finance for the company.
∎ Any other jobs assigned by the Board, CEO from time to time in the greatest interest of the Company.

Additional Requirements:
∎ Minimum 5 years' of practical working experience in a renowned non-life Insurance Companies in the following area(s):
∎ Preparation of Financial Statements;
∎ Finance, Audit, VAT & TAX;
∎ Insurance Act-2010, Income Tax Ordinance-1984;
∎ Other a related Insurance laws in Bangladesh;
∎ Rules & circulars of IDRA.

Salary: Negotiable

Compensation & Other Benefits:
∎ As per Company Policy.

Job Source: Online Job Posting.

Application Deadline: 21 Mar 2023

Company Information:
∎ 15 Mar 2023
∎ Prime Insurance Company Limited.

Category: Bank/Non-Bank Fin. Institution


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