Apply now for the Head of Finance position at CIC Insurance Uganda. Lead IFRS 17 reporting, financial control, and strategic financial management. Deadline: 28th July 2025.

Head of Finance

Location: Kampala, Uganda
Industry: Finance
Type: Full-time

Deadline: 28th July 2025

CIC Insurance Uganda is hiring a Head of Finance responsible for overseeing the IFRS 17 reporting workflow, ensuring data validation, accuracy, and regulatory compliance. This role provides strategic support in board reports, internal control, and regulatory submissions while leading financial operations and compliance.

Primary Responsibilities

IFRS 17 Compliance & Financial Reporting

• Prepare monthly IFRS 17 finance data and coordinate with the actuarial team.
• Oversee IFRS 17-compliant management and statutory financial reports.
• Review and approve IFRS 17-compliant Risk-Based Supervision (RBS) returns.
• Ensure timely and accurate submission of all statutory and regulatory returns.

Financial Controls & Compliance

• Evaluate internal financial and operational controls, recommending improvements.
• Ensure compliance with the Insurance Act and company investment policy.
• Maintain asset register accuracy and support internal/external audits.

Strategic Financial Management

• Approve financial reports and board papers.
• Lead annual budgeting and variance analysis.
• Drive expense management and cost-saving initiatives.
• Authorize payments and accurate cost center postings.

Credit Control & Receivables Management

• Develop and manage credit control strategies and policies.
• Lead the credit control committee and track execution of its resolutions.
• Set cash collection targets and reduce outstanding premiums.

Cash Flow & Stakeholder Management

• Manage liquidity and ensure healthy cash flow.
• Engage with banks, URA, IRA, and other stakeholders.

Other Responsibilities

• Perform other duties as assigned by executive management or the board.

Qualifications and Experience

• Education: Bachelor's degree in Accounting, Finance, or Business Admin (bias in accounting); Master’s degree is a must.
• Professional: CPA or ACCA is a must.
• Experience: Minimum 7 years relevant experience, including 4 at supervisory level.

Key Competencies

• Strategic thinking and analysis
• Negotiation and communication
• Leadership and management
• Customer care and relationship building
• People management and coaching

How to Apply

Submit your application, CV, and certified copies of academic and professional certificates as a single document to [email protected] no later than 28th July 2025.

Note: Only shortlisted candidates will be contacted.