Chief Financial Officer (CFO)
Job Description
Title: Chief Financial Officer (CFO)
Company Name: Desh General Insurance Company Limited.
Vacancy: 1
Job Location: Dhaka
Employment Status: Full-time
Educational Requirements:
∎ Professional Degree of Certified Charter Accountant / ACA / FCA / FCMA
Experience Requirements:
∎ At least 10 year(s)
∎ The applicants should have experience in the following area(s):
Accounting, General Insurance
Job Context:
∎ About DGIC: Desh General Insurance Company Limited (DGIC) is one of the pioneering general insurance companies in Bangladesh. It was incorporated on February 08, 2000, as a public limited company, under the Companies Act 1994 and Insurance Act 1938 (Replaced by Insurance Act, 2010) and its operation commenced on 1st March 2000 with a paid-up capital of BDT 60.00 million. Now, Desh General Insurance Company Ltd. has amassed more than BDT 240 million with a credit rating of AA- (long term). Desh General Insurance Company (DGIC) has a presence in the strategically important parts of the country which includes 27 branches.
∎ Position Description: It is a top-level position based at DGIC Head Office located in the Dhaka, Bangladesh. We are looking for our Insurance Company for the head office as "Chief Financial Officer (CFO)" to determine potential monitor compliance with the Accounting Procedures, Company Policies and Financial reporting process. The successful candidate must be able to apply the proper rules which will result in Cost and Benefits Analysis financial terms & condition/services/leases/annual contracts and head office and local office undertakes for decision making.
Job Responsibilities:
∎ Ensure proper controls are in place and monitor compliance with the Accounting Procedures, Company Policies and Financial reporting process.
∎ Independently lead and manage the Finance Associates to ensure daily accounting work. Processing disbursements are performed in an efficient manner.
∎ Responsible for maintaining and preparing all aspects of finance and accounts following the legal requirements like BAS, IAS, IFRS & relevant laws & rules on the land in compliance with the regularity bodies.
∎ To maintain fund management, financial planning, budget preparation, treasury management, investment management etc.
∎ To follow the company's approval policy & disbursements as per instruction from respective authority.
∎ To communicate & assist the external auditors (including internal auditors), Tax authority, IDRA & any statutory bodies.
∎ To implement proper reporting system for controlling and monitoring of all financial transactions.
∎ Ensuring the all regulatory compliance relating to Insurance act, company act, income tax, VAT etc.
∎ To stewardship cash balance & cash forecasting report preparation & presentation.
∎ To make report on risk factors in operation.
∎ To furnish all information & documents of Board of Directors.
∎ Performing for anti-money laundering activities.
∎ Review Monthly Balance Sheet Reconciliation, Bank Reconciliation, and Fixed Assets Schedule and ensure they are properly done before submitting to Regional Finance Manager/ Corporate Finance Team.
∎ Review the Variance Report for Expenses/Headcount prepared by Senior Finance Officer and provides explanation for business review meetings.
∎ Review monthly cash funding requests and ensure that the funds requested are sufficient prior sending to Corporate Finance for processing.
∎ Provide Cost and Benefits Analysis for any new or renewal for services/leases/annual contracts that the local office undertakes for decision making.
∎ Ensure that the meetings for Subsidiary, audited accounts and tax filings are filed according to local statutory deadlines to maintain the VAT amount.
∎ Provide input in maintaining associates personal tax & company tax issue
∎ Review disbursements voucher, cash receipts voucher & general voucher
∎ Review different financial statement like balance sheet, trial balance, receipts & payments/income & expenditure statements etc.
∎ The main contact point for the preparation of budgets.
∎ Knowledge of local laws on Account & Finance procedure is essential.
∎ Highly developed analytical skills with ability to review complex data and make appropriate decisions with high degree of accuracy.
∎ Possess a high level of initiative, confidentiality, and integrity
∎ Understanding of legal and tax interrelationships with business strategies.
∎ Any other task assigned by the management.
Additional Requirements:
∎ Able to work under pressure and take ownership.
∎ Excellent problem solving skills.
∎ A team player who can also manage work independently.
∎ A self-starter with high sense of urgency
∎ Must be organized, self-motivated and Service minded.
∎ Strong Interpersonal communication & management skills.
∎ Must have good communication skills in both English and Bangla languages.
∎ Excellent command of spoken and written English.
∎ Sound knowledge to support business units for preparing short and long term strategic & operation plan based on financial analysis, ensure the ability of cost effective financing to meet the needs of the current and future requirements of the business.
∎ Must have basic application knowledge & skill in working with MS Word, MS Excel, Power Point, MS outlook, Internet Explorer-mail corresponding etc.
Salary: Negotiable
Compensation & Other Benefits:
∎ Weekly 2 holidays
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 16 Apr 2022
Company Information:
∎ 28 Mar 2022
∎ Desh General Insurance Company Limited.
∎ Address : 10, Dilkusha, C/A, Motijheel, Dhaka-1000.
∎ Web : deshinsurancebd.com
∎ Business : Here at Desh General Insurance Company Limited, since 2000 we are providing insurance coverage in respect of risks allied to individuals, properties, assets and business; our services mainly includes-FIRE, MARINE, ENGINEERING, MOTOR, MONEY INSURANCE, MISCELLANEOUS INSURANCE. We are providing insurance coverage in respect of risks allied to individuals, properties, assets and business; in this respect we are maintaining high level professional provisions of human resources to meet up the requirements of our valued clients.
Category: Accounting/Finance
:
Source: bdjobs.com
Deadline Expired on 16th Apr 2022
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