Chief Finance Officer
2025-05-13T02:36:12+00:00
True North Consult Ltd
https://cdn.greatugandajobs.com/jsjobsdata/data/employer/comp_7431/logo/True%20North%20Consult%20Ltd%20.jpeg
https://truenorthafrica.com/
FULL_TIME
Kampala
Kampala
00256
Uganda
Engineering Services
Accounting & Finance
2025-05-18T17:00:00+00:00
Uganda
8
About the Client
The Client is the first and only provider of Sharia-compliant insurance solutions in Uganda, offering a comprehensive suite of Takaful products
Job Purpose
The Client is seeking a highly experienced Chief Finance Officer (CFO) to lead and oversee all financial operations of the company in accordance with Sharia principles.
The CFO will be a key member of the executive leadership team, contributing to the overall strategic direction of the organization. This role requires a deep understanding of Islamic finance and Takaful principles, strong financial acumen, exceptional leadership skills, and the ability to drive financial performance and sustainable growth within an ethical and Sharia-compliant framework.
The CFO will be responsible for developing and executing financial strategies, managing financial risks in a Sharia-compliant manner, ensuring compliance with both regulatory and
Sharia requirements, and providing insightful financial analysis to support decision-making.
Responsibilities
Financial Strategy and Planning (Sharia-Compliant)
- Develop and implement the company's overall financial strategy, aligning with its business objectives, Sharia principles, and the guidance of the Sharia Supervisory Board.
- Lead the annual budgeting and forecasting processes, ensuring accuracy and alignment with strategic goals and Sharia compliance.
- Develop long-term financial plans and models to support strategic initiatives and capital allocation decisions, adhering to Islamic finance principles.
- Provide strategic financial insights and recommendations to the CEO and the executive leadership team, ensuring Sharia compliance in all financial matters.
- Financial Reporting and Accounting (Sharia-Compliant)
- Ensure compliance with statutory provisions in respect of financial reporting, taxation and other statutory payments.
- Ensure expenses are fully paid and properly accounted for in accordance with company procedures/guidelines and ensure that approved signed mandates are complied with.
- Supervise the preparation of year-end financial reports and statements in compliance with financial reporting and Sharia standards.
- Maintain financial records and reports in accordance with the various statutory and compliance obligations.
- Ensure reconciliations are properly and promptly done.
- Oversee the preparation and analysis of accurate and timely financial statements in accordance with relevant accounting standards and Sharia-compliant accounting practices.
- Maintain financial records and reports in accordance with the various statutory and company obligations.
- Provide insightful financial analysis and reporting to management, the board of directors, and regulatory authorities, highlighting Sharia compliance.
- Ensure the integrity and accuracy of all financial data and reporting systems, adhering to Sharia guidelines on transparency and disclosure.
Risk Management and Compliance (Sharia-Compliant)
- Identify, assess, and mitigate financial risks in accordance with Sharia principles, including managing the Takaful fund and participant contributions ethically.
- Ensure compliance with all relevant insurance regulations, accounting standards, tax laws in Uganda, and the rulings of the Sharia Supervisory Board.
- Develop and maintain strong internal controls that are consistent with Sharia principles and safeguard company assets and participant contributions.
- Manage relationships with external auditors and regulatory bodies, including those overseeing Islamic finance.
Investment Management (Sharia-Compliant)
- Oversee the company's investment portfolio, ensuring all investments are Shariacompliant and aligned with investment policies approved by the Sharia Supervisory Board.
- Develop and implement Sharia-compliant investment strategies to optimize returns while adhering to ethical investment guidelines.
- Monitor investment performance and provide regular reports to the board and management, highlighting Sharia compliance.
Takaful Fund Management
- Oversee the management of the Takaful fund in accordance with the chosen Takaful model (e.g., Wakala, Mudharaba) and the guidelines of the Sharia Supervisory Board.
- Ensure the appropriate allocation of surplus and deficit within the Takaful fund as per Sharia principles.
- Maintain transparency and accountability in the management of participant contributions.
Capital Management (Sharia-Compliant)
- Manage the company's capital structure and ensure adequate capital levels to support business growth and regulatory requirements, adhering to Sharia principles on permissible capital structures.
- Develop and execute capital planning strategies that are consistent with Islamic finance guidelines.
Relationship with Sharia Supervisory Board
- Serve as the primary point of contact for the Sharia Supervisory Board on all financial matters.
- Ensure that all financial policies, procedures, and transactions are reviewed and approved by the Sharia Supervisory Board.
- Facilitate the provision of necessary financial information and reports to the Sharia Supervisory Board.
Leadership and Team Management
- Lead and mentor the finance department, fostering a high-performing and collaborative team environment that understands and respects Sharia principles.
- Set clear objectives, provide regular feedback, and support the professional development of team members, including training on Islamic finance.
- Promote a culture of financial accountability, transparency, and Sharia compliance throughout the organization.
Stakeholder Management
- Build and maintain strong relationships with external stakeholders, including banks, regulatory authorities.
- Represent the company in financial discussions and negotiations, ensuring adherence to Sharia guidelines.
Person Specification
Education, Training, Skills & Experience Education, Experience & Qualifications
- A recognized relevant University degree
- Must be a member of the Institute of Certified Public Accountants
- At least four (4) years’ working experience as an accountant
- In-depth knowledge of the Ugandan insurance market, regulatory environment, and industry best practices.
- Strong understanding of Islamic finance principles, particularly Takaful models and Sharia compliance requirements.
- Characteristics
- Strategic thinker with excellent interpersonal & communication skills
- Strong financial acumen and analytical skills.
- Ability to build relationships with stakeholders at all levels.
- Demonstrated ability to lead and inspire a diverse team.
- Sound decision-making and problem-solving abilities.
Financial Strategy and Planning (Sharia-Compliant) Develop and implement the company's overall financial strategy, aligning with its business objectives, Sharia principles, and the guidance of the Sharia Supervisory Board. Lead the annual budgeting and forecasting processes, ensuring accuracy and alignment with strategic goals and Sharia compliance. Develop long-term financial plans and models to support strategic initiatives and capital allocation decisions, adhering to Islamic finance principles. Provide strategic financial insights and recommendations to the CEO and the executive leadership team, ensuring Sharia compliance in all financial matters. Financial Reporting and Accounting (Sharia-Compliant) Ensure compliance with statutory provisions in respect of financial reporting, taxation and other statutory payments. Ensure expenses are fully paid and properly accounted for in accordance with company procedures/guidelines and ensure that approved signed mandates are complied with. Supervise the preparation of year-end financial reports and statements in compliance with financial reporting and Sharia standards. Maintain financial records and reports in accordance with the various statutory and compliance obligations. Ensure reconciliations are properly and promptly done. Oversee the preparation and analysis of accurate and timely financial statements in accordance with relevant accounting standards and Sharia-compliant accounting practices. Maintain financial records and reports in accordance with the various statutory and company obligations. Provide insightful financial analysis and reporting to management, the board of directors, and regulatory authorities, highlighting Sharia compliance. Ensure the integrity and accuracy of all financial data and reporting systems, adhering to Sharia guidelines on transparency and disclosure. Risk Management and Compliance (Sharia-Compliant) Identify, assess, and mitigate financial risks in accordance with Sharia principles, including managing the Takaful fund and participant contributions ethically. Ensure compliance with all relevant insurance regulations, accounting standards, tax laws in Uganda, and the rulings of the Sharia Supervisory Board. Develop and maintain strong internal controls that are consistent with Sharia principles and safeguard company assets and participant contributions. Manage relationships with external auditors and regulatory bodies, including those overseeing Islamic finance. Investment Management (Sharia-Compliant) Oversee the company's investment portfolio, ensuring all investments are Shariacompliant and aligned with investment policies approved by the Sharia Supervisory Board. Develop and implement Sharia-compliant investment strategies to optimize returns while adhering to ethical investment guidelines. Monitor investment performance and provide regular reports to the board and management, highlighting Sharia compliance. Takaful Fund Management Oversee the management of the Takaful fund in accordance with the chosen Takaful model (e.g., Wakala, Mudharaba) and the guidelines of the Sharia Supervisory Board. Ensure the appropriate allocation of surplus and deficit within the Takaful fund as per Sharia principles. Maintain transparency and accountability in the management of participant contributions. Capital Management (Sharia-Compliant) Manage the company's capital structure and ensure adequate capital levels to support business growth and regulatory requirements, adhering to Sharia principles on permissible capital structures. Develop and execute capital planning strategies that are consistent with Islamic finance guidelines. Relationship with Sharia Supervisory Board Serve as the primary point of contact for the Sharia Supervisory Board on all financial matters. Ensure that all financial policies, procedures, and transactions are reviewed and approved by the Sharia Supervisory Board. Facilitate the provision of necessary financial information and reports to the Sharia Supervisory Board. Leadership and Team Management Lead and mentor the finance department, fostering a high-performing and collaborative team environment that understands and respects Sharia principles. Set clear objectives, provide regular feedback, and support the professional development of team members, including training on Islamic finance. Promote a culture of financial accountability, transparency, and Sharia compliance throughout the organization. Stakeholder Management Build and maintain strong relationships with external stakeholders, including banks, regulatory authorities. Represent the company in financial discussions and negotiations, ensuring adherence to Sharia guidelines.
Person Specification Education, Training, Skills & Experience Education, Experience & Qualifications A recognized relevant University degree Must be a member of the Institute of Certified Public Accountants At least four (4) years’ working experience as an accountant In-depth knowledge of the Ugandan insurance market, regulatory environment, and industry best practices. Strong understanding of Islamic finance principles, particularly Takaful models and Sharia compliance requirements. Characteristics Strategic thinker with excellent interpersonal & communication skills Strong financial acumen and analytical skills. Ability to build relationships with stakeholders at all levels. Demonstrated ability to lead and inspire a diverse team. Sound decision-making and problem-solving abilities.
JOB-6822b01cac415
Vacancy title:
Chief Finance Officer
[Type: FULL_TIME, Industry: Engineering Services, Category: Accounting & Finance]
Jobs at:
True North Consult Ltd
Deadline of this Job:
Sunday, May 18 2025
Duty Station:
Kampala | Kampala | Uganda
Summary
Date Posted: Tuesday, May 13 2025, Base Salary: Not Disclosed
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JOB DETAILS:
About the Client
The Client is the first and only provider of Sharia-compliant insurance solutions in Uganda, offering a comprehensive suite of Takaful products
Job Purpose
The Client is seeking a highly experienced Chief Finance Officer (CFO) to lead and oversee all financial operations of the company in accordance with Sharia principles.
The CFO will be a key member of the executive leadership team, contributing to the overall strategic direction of the organization. This role requires a deep understanding of Islamic finance and Takaful principles, strong financial acumen, exceptional leadership skills, and the ability to drive financial performance and sustainable growth within an ethical and Sharia-compliant framework.
The CFO will be responsible for developing and executing financial strategies, managing financial risks in a Sharia-compliant manner, ensuring compliance with both regulatory and
Sharia requirements, and providing insightful financial analysis to support decision-making.
Responsibilities
Financial Strategy and Planning (Sharia-Compliant)
- Develop and implement the company's overall financial strategy, aligning with its business objectives, Sharia principles, and the guidance of the Sharia Supervisory Board.
- Lead the annual budgeting and forecasting processes, ensuring accuracy and alignment with strategic goals and Sharia compliance.
- Develop long-term financial plans and models to support strategic initiatives and capital allocation decisions, adhering to Islamic finance principles.
- Provide strategic financial insights and recommendations to the CEO and the executive leadership team, ensuring Sharia compliance in all financial matters.
- Financial Reporting and Accounting (Sharia-Compliant)
- Ensure compliance with statutory provisions in respect of financial reporting, taxation and other statutory payments.
- Ensure expenses are fully paid and properly accounted for in accordance with company procedures/guidelines and ensure that approved signed mandates are complied with.
- Supervise the preparation of year-end financial reports and statements in compliance with financial reporting and Sharia standards.
- Maintain financial records and reports in accordance with the various statutory and compliance obligations.
- Ensure reconciliations are properly and promptly done.
- Oversee the preparation and analysis of accurate and timely financial statements in accordance with relevant accounting standards and Sharia-compliant accounting practices.
- Maintain financial records and reports in accordance with the various statutory and company obligations.
- Provide insightful financial analysis and reporting to management, the board of directors, and regulatory authorities, highlighting Sharia compliance.
- Ensure the integrity and accuracy of all financial data and reporting systems, adhering to Sharia guidelines on transparency and disclosure.
Risk Management and Compliance (Sharia-Compliant)
- Identify, assess, and mitigate financial risks in accordance with Sharia principles, including managing the Takaful fund and participant contributions ethically.
- Ensure compliance with all relevant insurance regulations, accounting standards, tax laws in Uganda, and the rulings of the Sharia Supervisory Board.
- Develop and maintain strong internal controls that are consistent with Sharia principles and safeguard company assets and participant contributions.
- Manage relationships with external auditors and regulatory bodies, including those overseeing Islamic finance.
Investment Management (Sharia-Compliant)
- Oversee the company's investment portfolio, ensuring all investments are Shariacompliant and aligned with investment policies approved by the Sharia Supervisory Board.
- Develop and implement Sharia-compliant investment strategies to optimize returns while adhering to ethical investment guidelines.
- Monitor investment performance and provide regular reports to the board and management, highlighting Sharia compliance.
Takaful Fund Management
- Oversee the management of the Takaful fund in accordance with the chosen Takaful model (e.g., Wakala, Mudharaba) and the guidelines of the Sharia Supervisory Board.
- Ensure the appropriate allocation of surplus and deficit within the Takaful fund as per Sharia principles.
- Maintain transparency and accountability in the management of participant contributions.
Capital Management (Sharia-Compliant)
- Manage the company's capital structure and ensure adequate capital levels to support business growth and regulatory requirements, adhering to Sharia principles on permissible capital structures.
- Develop and execute capital planning strategies that are consistent with Islamic finance guidelines.
Relationship with Sharia Supervisory Board
- Serve as the primary point of contact for the Sharia Supervisory Board on all financial matters.
- Ensure that all financial policies, procedures, and transactions are reviewed and approved by the Sharia Supervisory Board.
- Facilitate the provision of necessary financial information and reports to the Sharia Supervisory Board.
Leadership and Team Management
- Lead and mentor the finance department, fostering a high-performing and collaborative team environment that understands and respects Sharia principles.
- Set clear objectives, provide regular feedback, and support the professional development of team members, including training on Islamic finance.
- Promote a culture of financial accountability, transparency, and Sharia compliance throughout the organization.
Stakeholder Management
- Build and maintain strong relationships with external stakeholders, including banks, regulatory authorities.
- Represent the company in financial discussions and negotiations, ensuring adherence to Sharia guidelines.
Person Specification
Education, Training, Skills & Experience Education, Experience & Qualifications
- A recognized relevant University degree
- Must be a member of the Institute of Certified Public Accountants
- At least four (4) years’ working experience as an accountant
- In-depth knowledge of the Ugandan insurance market, regulatory environment, and industry best practices.
- Strong understanding of Islamic finance principles, particularly Takaful models and Sharia compliance requirements.
- Characteristics
- Strategic thinker with excellent interpersonal & communication skills
- Strong financial acumen and analytical skills.
- Ability to build relationships with stakeholders at all levels.
- Demonstrated ability to lead and inspire a diverse team.
- Sound decision-making and problem-solving abilities.
Work Hours: 8
Experience in Months: 48
Level of Education: bachelor degree
Job application procedure
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