Job Description

Job Summary

Calling all finance experts!

Do you have the skills and knowledge to oversee our financial activities, such as budgeting, forecasting, and financial analysis? Join us as a Finance & Administration Manager and ensure every dollar is strategically allocated and every administrative function runs seamlessly. Your keen eye for detail and analytical skills will be essential in preparing accurate financial reports and providing valuable insights for decision-making.

You'll also lead our administrative team, overseeing office operations, managing human resources functions, and ensuring compliance with regulatory standards. Your organisational prowess will keep our administrative processes running smoothly and empower our team. If so, Diaspora Insurance seeks someone qualified to join our dynamic team as a

Finance and Administration Manager!

Destiny Finance Ltd t/a Diaspora Insurance is a consultancy firm based in Birmingham, United Kingdom, that specialises in the designing, marketing and distribution of insurance products & risk management solutions targeted at foreign nationals living and working in developed markets like the UK, EU, North America, Canada, Australia & New Zealand. You will be joining a dynamic and ambitious firm focused on making a huge impact on expatriate communities in terms of managing their insurable risks.

Key Responsibilities:

1.

Overseeing the Finance Function:

1.1 Develop and manage financial budgets, forecasts, and financial reports.

1.2 Supervise and manage the finance and administrative team.

1.3 Ensure compliance with accounting regulations and standards.

1.4 Prepare and present financial performance analysis to senior management.

1.5 Implement and maintain financial policies and procedures.

1.6 Identify cost-saving opportunities and drive financial efficiencies.

1.7 Handle payroll processing and vendor payments.

1.8 Manage relationships with financial institutions, auditors, and regulatory bodies.

1.9 Oversee procurement processes and manage vendor relationships.

1.10 Implement systems to track and monitor expenses and revenues, FCA accounts preparation, reconciling and tracking of clients' premiums,

1.11 Sales team commission computations & tracking, Sales reports & targets tracking

1.12 Premium receipts variations analysis, allocate premiums paid directly into the company's bank accounts, Preparing & submitting direct debits, Portfolio age analysis,

1.13 Underwriter & re-insurer monthly bordereau returns

1.14 Coordinate administrative functions, including office maintenance and supplies.

1.15 Streamline administrative processes to improve organisational efficiency.

1.16 Manage employee benefits, insurance, and other administrative tasks.

2

. Managing budgets and expenditures:

2.1 Reviewing and monitoring financial performance, preparing operational plans, and ensuring adherence to budgetary allocations.

2.2 Creating systems to discourage unplanned expenditure and accountability for money spent.

2.3 Creating expenditure approval structure and levels

3. Implementing policies and procedures:

3.1 Developing and/or enforcing all approved Finance policies and procedures to ensure consistency and compliance.

3.2 Assessing and recommending areas that need improvement and policing

4. Supervising staff:

4.1 Participate in hiring, training, and managing Finance staff to ensure they are performing their duties effectively and adhering to company policies.

4.2 Supporting human resources management and optimal deployment.

5. Providing administrative support:

5.1 Assisting with administrative tasks, such as coordinating with partners and stakeholders, performing file audits, and offering administrative support to company directors.

6. Managing vendor relationships:

6.1 Acting as a liaison between clients, service providers, stakeholders, and internal teams to ensure smooth operations and address client concerns.

7. Ensuring compliance:

7.1 Monitoring compliance with relevant regulations and policies in liaison with Compliance Department and making sure we have a system to log and track all key tasks in the Compliance Department.

8. Stakeholder communication:

8.1 Communicating with clients, brokers, and other stakeholders to address inquiries, resolve issues, and ensure client satisfaction.

9

Finance & Accounts Department:

9.1 Review of and consolidation of division company accounts (Destiny Call Center RSA) and,

9.2 Any other duties as may be assigned, and occasionally working in the field

Specific tasks within the insurance industry:

10. Claims management:

Overseeing the claims process, including verifying coverage, processing claims, and ensuring compliance with policies and regulations.

Skills

Bachelor's degree in finance, Accounting, Business Administration or related field. Proven experience in financial management and operations. Strong knowledge of accounting principles and financial regulations. Proficiency in financial software and MS Office, particularly Excel. Minimum of 5 years of experience in finance and administration roles. Excellent leadership and team management skills. Exceptional analytical thinking and problem-solving abilities. Strong communication and interpersonal skills. Ability to adapt to changing environments and priorities. Professional certifications such as CPA or CFA are a plus Required: UK driver's license
Job Type: Full-time

Pay: 32,000.00-36,000.00 per year

Benefits:

Casual dress Company pension Employee mentoring programme On-site parking Relocation assistance Sick pay
Work Location: In person