Chief Finance Officer

at Sanlam Life Insurance (Uganda) Limited
Location Kampala, Uganda
Date Posted November 30, 2021
Category Accounting
Sales and Marketing
Job Type Full-time
Currency UGX


Main Purpose/Mission of the job:
The Chief Finance Officer shall be responsible for the effective running of all support areas, i.e. Finance & Administration, ensuring that Sanlam Uganda meets its financial and compliance obligations for all its stakeholders. As a member of the Senior Management team, contributes to strategic and operational planning and oversight, and where required, leads project initiatives and teams.

Critical Responsibilities
• Responsible for the financial & management reporting processes, ensuring the availability of timely and relevant information
• Responsible for the effective management of internal controls and the operation and effectiveness of all processing, including the payroll & accounting systems, and ensuring that all expenses are as per the approved authorization framework.
• Responsible for leading the development and review of annual financial plans, budgets & targets with other departments.
• Provides timely and relevant performance reports to the Board, CEO and other management as required.
• Ensures the integrity of the annual financial statements by ensuring that they provide a true & fair view of Sanlam Uganda’s affairs; meet legal requirements; comply with the relevant standards and reflect best practices.
• Responsible for the financial & management reporting processes in Sanlam Uganda, ensuring the availability of timely and relevant information.
• Responsible for the effective management of internal controls and the operation and effectiveness of all processing, including the payroll & accounting systems.
• Responsible for ensuring all statutory returns are prepared and filed with relevant authorities in an accurate & timely fashion.
• Responsible for managing/monitoring any tax issues – e.g., direct/indirect/withholding taxes.
• Responsible for ensuring that the Company secretary adequately fulfils their duties to the company.
• Management of relationship with the external auditors, including being the key contact for audit planning and completion. Implements any action points arising from the Audit Management Letter.
• Liaising with SEM on Johannesburg when requests are made or information is required

• Responsible for identifying emerging governance issues e.g. in Reporting; Accounting Standards and Health & Safety. Keeping Board, CEO and staff appraised and determining action where appropriate.
• Ensures best practices in procurement.
• Management of the company’s bankers, legal advisors, insurance brokers, and other professional advisors.
• Responsible for Risk Management and Contingency Planning/Disaster Recovery.
• Undertakes other duties and projects as may be specified by the CEO from time to time.
• Preparing for and presenting at Board meetings, BOD committee meetings and General meetings

Key Performance Measures
1. Management
2. Financial Reporting
3. Risk Management
4. Relationships Management
Important Relationships
• Auditors
• Bankers
• Asset Managers
• Insurance Regulatory Authority (IRA) and other regulators
• Lawyers
• Vendors, suppliers,
• Internal staff and Directors.

• experience and personal competencies:
Knowledge required (to do the job):

• Fully qualified accountant (ACCA or CPA).
• Bachelor’s in Commerce/Business Administration degree
Experience required (to do the job):
• Minimum of eight (8) years of general management experience in the areas of Finance and Administration, reflecting the key duties of this role.
• Similar experience in the Financial Services Industry

• Membership of the Institute of Certified Public Accountants of Uganda (ICPAU).
• Be highly skilled in the use of Microsoft Office applications.
• Have excellent written and verbal communication skills.
• Ability to prioritise workloads and be capable of managing a broad range of areas.
• Have sound judgement and a capacity for innovative thinking.
• Be enthusiastic and motivated.
• Working knowledge of an accounting package, preferably Sage.

Applying Instructions

Applicants should send their applications via the email  

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