Chief Financial Officer (CFO)

Job Description

Title: Chief Financial Officer (CFO)

Company Name: Homeland Life Insurance Co. Ltd.

Vacancy: 1

Age: 35 to 45 years

Location: Dhaka

Salary: Negotiable

Experience:
∎ 7 to 10 years
∎ The applicants should have experience in the following business area(s):Insurance

Published: 1 Aug 2024

Education:
∎ Bachelor of Commerce (BCom) in Accounting
∎ Commerce background of Masters, CA, (ACA, FCA, ACMA, FCMA) from the Institute of Chartered Accountants of Bangladesh (ICAB)

Requirements:

Additional Requirements:
∎ Age 35 to 45 years
∎ The applicants should have experience in the following area(s): Accounts, Finance, Tax (VAT/Customs Duty/Income Tax), Cash Management, Banks, Funds investment management. Experience on Life Insurance Sector will be preferred.
∎ Should have knowledge in Corporate Governance and Corporate Affairs in accordance with applicable laws/regulations in Bangladesh.
∎ Strong financial and analytical skill with a track record of driving financial performance. Ability to analyze strategies and solve problems.
∎ Ability to work under pressured environment.
∎ Must have sound knowledge on computer literacy.

Responsibilities & Context:
∎ Drive the Company's financial planning.
∎ Monitor the whole accounts and finance requirements of selected factories.
∎ Provide timely and accurate analysis of Budgets, Financial Reports and Financial Trends in order to assist the Management team to perform their responsibilities.
∎ Ensure that all financial transactions are handled and processed in-line with the approved policies and procedures.
∎ Manage the preparation of the official annual report of actual revenues, transfers, and expenses.
∎ Maintain communication with the corporate finance team to meet the day-to-day fund demand.
∎ Lead and coordinate with all other department the preparation of annual operating budget and developing 3-10 years business plans for the company.
∎ Designing for maximizing revenue, profitability & liquidity.
∎ Meeting Official Account, Costing & statutory auditing requirements including internal audit by implementing functional systems, monitoring and achieving cost reduction.
∎ Analyzing, Coordinating proper mix of equity & debt fund requirements.
∎ Advising on TAX & VAT planning (Within current legislation to enable them to minimize the Tax liabilities).
∎ Ensure the timely reporting of all monthly financial information, statements and reports. Follow up existing Bank interest / profit service charges etc. as per sanction letter. Monitor the monthly and actual expenses to expenditure.
∎ Projection of fund disbursement plan.
∎ Develop and update the internal operational policy and procedures in Accounts.
∎ Implement the internal control procedures.
∎ Review the accounting documentations, reports, data, flowcharts etc.
∎ Develop a reliable cash flow projection process.
∎ Reports delivery to IDRA (as per requirements) on time to time.
∎ Any other tasks in accounts related.
∎ Drive the Company's financial planning.
∎ Monitor the whole accounts and finance requirements of selected factories.
∎ Provide timely and accurate analysis of Budgets, Financial Reports and Financial Trends in order to assist the Management team to perform their responsibilities.
∎ Ensure that all financial transactions are handled and processed in-line with the approved policies and procedures.
∎ Manage the preparation of the official annual report of actual revenues, transfers, and expenses.
∎ Maintain communication with the corporate finance team to meet the day-to-day fund demand.
∎ Lead and coordinate with all other department the preparation of annual operating budget and developing 3-10 years business plans for the company.
∎ Designing for maximizing revenue, profitability & liquidity.
∎ Meeting Official Account, Costing & statutory auditing requirements including internal audit by implementing functional systems, monitoring and achieving cost reduction.
∎ Analyzing, Coordinating proper mix of equity & debt fund requirements.
∎ Advising on TAX & VAT planning (Within current legislation to enable them to minimize the Tax liabilities).
∎ Ensure the timely reporting of all monthly financial information, statements and reports. Follow up existing Bank interest / profit service charges etc. as per sanction letter. Monitor the monthly and actual expenses to expenditure.
∎ Projection of fund disbursement plan.
∎ Develop and update the internal operational policy and procedures in Accounts.
∎ Implement the internal control procedures.
∎ Review the accounting documentations, reports, data, flowcharts etc.
∎ Develop a reliable cash flow projection process.
∎ Reports delivery to IDRA (as per requirements) on time to time.
∎ Any other tasks in accounts related.

Compensation & Other Benefits:

Workplace:
∎ Work at office

Employment Status: Full Time

Gender:
∎ Only Male

Job Location: Dhaka

Read Before Apply:

Interested applicants are requested to send the application along with a cover letter & 2 pp size recent photograph to the Head of Human Resources Department at the following address two weeks from publication date.

Human Resource DivisionHomeland Life Insurance Company Ltd.Ellal Chamber (2nd Floor), 11 Motijheel C/A, Dhaka-1000. Or send CV to the E-mail: [email protected]