ABOUT UNITED GENERAL INSURANCE COMPANY LIMITED

United General Insurance Company Limited (UGI) is one of Malawi’s established insurance institutions, committed to delivering innovative insurance solutions, financial resilience, and long-term value to its stakeholders.

POSITION SUMMARY

The Chief Finance Officer (CFO) will provide strategic financial leadership to the organisation and serve as a key advisor to the Chief Executive Officer and the Board on matters relating to financial stewardship, governance, risk management, capital management, and long-term financial sustainability.

This is a mission-critical executive leadership role requiring a highly capable finance professional with strong technical depth, commercial insight, governance maturity, and the ability to operate effectively at Executive and Board level.

KEY RESPONSIBILITIES

Financial Leadership & Stewardship

• Budget planning, consolidation, and performance monitoring
• Preparation and presentation of management accounts and financial statements
• Oversight of working capital, cash flow, and investment portfolio

Governance, Risk & Compliance

• Design and maintenance of internal control systems
• Ensuring compliance with statutory and regulatory requirements
• Liaison with auditors, regulators, and external stakeholders

Board & Executive Support

• Preparation of Board papers and financial reports
• Company secretarial responsibilities and Board coordination
• Monitoring implementation of Board resolutions

Insurance-Specific Financial Oversight

• Monitoring reinsurance arrangements and recoveries
• Engagement with financial institutions, brokers, and regulators

Strategic Advisory Role

• Participation in corporate strategy formulation
• Tax planning and financial structuring
• Advising the CEO and Board on financial implications of decisions

ENVISIONED CFO SUCCESS BLUEPRINT (FIRST 12 MONTHS)

• Stabilise and enhance financial reporting and governance structures
• Strengthen internal control and compliance frameworks
• Optimise working capital efficiency and liquidity management
• Elevate Board reporting quality and decision-support capability
• Align finance strategy with business growth and profitability objectives

IDEAL CANDIDATE PROFILE

• A Bachelor’s Degree in Accountancy, Finance, or equivalent
• A professional qualification such as CA Malawi, ACCA, CIMA or equivalent professional accounting qualification
• Minimum of seven (7) years’ relevant experience, preferably within insurance, financial services, or other highly regulated environments
• Demonstrated experience in financial leadership and reporting; Governance and compliance; Strategic planning and decision support; Stakeholder and Board engagement
• Strong analytical, leadership, communication, and decision-making capability

PERSONAL ATTRIBUTES

• High integrity and professional ethics
• Strong leadership presence
• Commercial and strategic orientation
• Sound judgement and problem-solving capability
• Ability to operate effectively under pressure and conflicting deadlines

• Budget planning, consolidation, and performance monitoring
• Preparation and presentation of management accounts and financial statements
• Oversight of working capital, cash flow, and investment portfolio
• Design and maintenance of internal control systems
• Ensuring compliance with statutory and regulatory requirements
• Liaison with auditors, regulators, and external stakeholders
• Preparation of Board papers and financial reports
• Company secretarial responsibilities and Board coordination
• Monitoring implementation of Board resolutions
• Monitoring reinsurance arrangements and recoveries
• Engagement with financial institutions, brokers, and regulators
• Participation in corporate strategy formulation
• Tax planning and financial structuring
• Advising the CEO and Board on financial implications of decisions

• Strong analytical, leadership, communication, and decision-making capability
• High integrity and professional ethics
• Strong leadership presence
• Commercial and strategic orientation
• Sound judgement and problem-solving capability
• Ability to operate effectively under pressure and conflicting deadlines

• A Bachelor’s Degree in Accountancy, Finance, or equivalent
• A professional qualification such as CA Malawi, ACCA, CIMA or equivalent professional accounting qualification
• Demonstrated experience in financial leadership and reporting; Governance and compliance; Strategic planning and decision support; Stakeholder and Board engagement