Engagement Director
Outshine Africa
Total years of experience :17 years, 10 months
• Assists the client in developing the strategy through provision of insightful strategic analysis on competitor activities, pricing trends and sensitivity, economic analysis and such other relevant macro trend analysis.
• Assists in the financial plans/budgets including analytical support of the budget drivers and processes of the plans for the specific units/Corporate in liaison with the budget.
• Manages the units/corporate performance including Income, Cost and Balance Sheet, material variances and reporting regularly to the Management with recommendations for timely strategic actions.
• Monitors market developments and builds relationships with product and marketing teams in designing strategic pricing initiatives and structures to drive financial performance.
• Performs analysis on corporate consumption (client) in liaison with premium received and provides recommendation report on loss/potential business.
• Owns and coordinates the development and management of robust, relevant, timely and effective management information (MI)/reports that drives corporate business direction and performance enhancement.
• Supports the operations on their duties, designing and managing business processes that minimizes income leakages and assist in reviewing business processes to achieve efficiency and cost effectiveness.
• Manages and coordinates the income collection and cost reduction processes including monitoring of Pharmacy, Lab, Roster, Visit, utilization and general pricing.
• Assists the Chief Executive officer in aligning individual and team targets ensuring that the agreed individual and team targets adequately contributes to the achievement of overall corporate business financial goals and objectives.
• Develop/Support monthly detailed performance pack and monthly performance dashboard Board providing explanations to on the variances.
• Constructively challenges monthly results and forecasts for units/Corporate and Finance Reporting. Assisting in identifying value adding initiatives to improve on performance.
• Manages and coordinates the monthly team performance meetings for Units to review financial performance and strategic forecasting. Monitors and tracks agreed action points from these meetings to drive performance.
• Coaching employees on how individual and team financial targets are measured proactively reflecting on their feedback to win for effective and efficient review and process improvement.
• Promote team work in delivering performance by designing performance measurement processes that recognizes performance both at individual and team levels.
• Oversee the accounts, finance and tax functions while ensuring statutory compliance with statutory regulations
• Ensure adherence to general acceptable accounting standards and principles and IFRS
• Maintain proper financial records and ensure that there are clear audit trails
• Participate in the preparation of budgets and forecasts and report in a clear and timely manner on the attainment of these forecasts and budgets
• Developing financial management mechanisms that minimise financial risk
• Plan, manage and coordinate end of month and end of year closing process and procedures
• Participate in the formulation of internal controls and ensure that these controls are implemented fully
• Prepare clear and concise periodic financial statements and reports as required
• Document and audit company assets as required
• Monitor the company’s cash flows and provide regular cash flow position reports as required as well a general treasury management
• Preparation of annual financial statements for auditing
• Formulation and implementation of budgets, monitoring performance against budgets.
• Conduct Projects and Investments appraisal
• Formulating strategic and long-term business plans
• Institution and continuous improvement of internal controls
• Management of working capital; cash flows and short-term investments, debtors and creditors management, according to company policies
• Researching and reporting on factors influencing business performance.
• Developing financial management mechanisms that minimise risk
• Manage the controls around stock and purchases
• Generate monthly management accounts for the company, analyze various operational and financial reports and report to management on the implications to the business.
• Reconcile system reports with financial information available in the P and L.
• Ensuring regulatory compliance; tax obligations, statutory audits, annual returns, staff entitlements
• Maintain an updated fixed asset register,
• General business advice and support.
• Financial reporting; preparation of monthly management accounts and statutory accounts, reviewing accounts analysis, bank reconciliations.
• Formulation and implementation of budgets, monitoring performance against budgets.
• Institution and continuous improvement of internal controls
• Identification of key cost drivers and ways of managing them
• Management of working capital; cash flows and short-term investments, debtors and creditors management, according to company policies.
• Administration of payroll and commissions
• Ensuring regulatory compliance; tax obligations, statutory audits, annual returns, staff entitlements
• Liaising with re-insurer providers to ensure timely production and delivery of bordereau’s to appropriate risk carriers, and ensuring settlement of premiums payable and claims receivable.
• Analyzing profitability of new and existing products, and claim experience
• Monitor and review accounting and related system reports for accuracy and completeness.
• Preparation of sales, payments and collection reports on weekly and daily basis.
• Filling of quarterly statutory remittances and reports to the commissioner for insurance Tanzania.
• Preparation of budgets and monitoring performance.
• Administration of payroll and remits statutory deductions.
• Cash flow management on daily, weekly and monthly basis.
• Preparation of monthly commission and sales production reports.
• Administration of fixed assets registers.
• Compile and analyze financial information to prepare entries to accounts, such as suspense accounts, and business transactions to resolve accounting discrepancies.
• Preparation of debtors, creditors, and bank and inter-company accounts reports on monthly basis.
• Preparation of daily claims and debt collection arising from premium.
• Interact with internal and external auditors in completing audits.
• Perform any other duties as may be directed by supervisor
• Daily reconciliation of current account, ATM, , and nostro bank accounts and ensures no long pending items.
• Produce accurate position reports, regulatory compliance reports and ALCO reports daily and monthly.
• Regularly review supplier invoices and effect payments
• Produce accurate weekly and monthly report for the bank of Tanzania.
• Preparing monthly management account.
• Liaise with Suppliers, regulators and other stake holders for any matter that might require the CBA attention
• Maintain and update regularly the fixed asset register.
• timely remittance of statutory payments i.e. NSSF, PPF withholding tax including PAYE & SDL, VAT, quarterly tax provisional returns etc.
• Preparation of monthly expense accruals, provisions and amortization journals.
• Review the unusual movements on the trial balance and general ledger and make follow up for corrections.
• Regular reconciliation of general ledger accounts especially suspense accounts.
• Assist in the external and internal audits.
• payroll and petty cash management
• Safe custody of bank and finance records.
• General business support.
• Perform any other duties as may be directed by supervisor.
• Cash flow management on daily, weekly and monthly basis.
• Ensure all transactions are accurately done, recorded and properly filed (manually / computerized)
• Preparing and verifying monthly statement for members and keeping records for the member’.
• Ensuring filling is done in a timely and accurate manner as per SCCULT requirements.
• Reconciling the bank accounts
• Preparing and verifying monthly statement for members and keeping records
• Prepare and analyze on regular basis the SACCO plans, budgetary estimates and provide explanations on variances.
• Carrying out financial analysis/preparations, financial projections and budgeting