Chief Financial Officer - Insurance Sector

AI overview

Drive financial strategy and operational excellence for a leading insurance organization, ensuring regulatory compliance and fostering digital transformation initiatives.

Position Summary

The Chief Financial Officer (CFO) is the strategic financial leader of a leading insurance organization in Abu Dhabi. This role is responsible for financial strategy, capital management, regulatory compliance, and investor/stakeholder relations, ensuring sustainable growth and long-term value creation.

The CFO combines deep financial expertise with strategic foresight, driving operational efficiency, digital transformation, and governance excellence. This role is pivotal in shaping financial policy, strengthening internal controls, and ensuring compliance with UAE Central Bank and regulatory requirements.

Key Responsibilities

Strategic Leadership and Financial Stewardship
• Formulate and execute the company’s long-term financial strategy, aligned with business objectives and growth ambitions
• Drive value creation through disciplined capital allocation, profit optimization, and investment planning
• Advise CEO and Board of Directors on strategic decisions, business performance, and financial implications
• Lead initiatives in financial planning, budgeting, forecasting, and performance management

Regulatory Compliance and Governance
• Ensure full compliance with Central Bank of UAE and other applicable insurance regulations
• Oversee preparation of IFRS 17-compliant financial statements with accuracy, transparency, and timeliness
• Manage relationships with auditors, regulators, and external advisors to maintain governance credibility
• Provide insights to the Board on risk, solvency, and financial stability matters

Operational Excellence and Digital Transformation
• Lead finance transformation, implementing automation, ERP, and AI-based analytics to enhance reporting and efficiency
• Manage working capital, liquidity, and cost, balancing profitability and risk
• Collaborate with cross-functional teams on financial systems aligned with InsurTech and digital initiatives

Treasury, Investment and Risk Management
• Oversee treasury operations, banking relationships, and investment portfolios
• Establish controls for asset-liability management, FX exposure, and reinsurance settlements
• Support M&A, restructuring, and corporate projects with robust financial modeling and due diligence

Requirements

• Minimum 15+ years of progressive finance leadership, including 5+ years in a CFO/Deputy CFO role in insurance/reinsurance

• Industry Expertise: Proficient in insurance accounting, IFRS 17, solvency frameworks, reinsurance, and regulatory compliance

• Bachelor’s or Master’s in Finance, Accounting, or Business Administration

• Certifications: CPA, ACCA, ACA, or CMA

• Leadership Experience: Proven record of managing finance functions and teams in large or complex insurance organisations

Skills and Competencies

• Ability to convert financial insights into strategic decisions
• Strong understanding of UAE corporate and insurance laws
• Capable of mentoring multicultural teams across multiple entities
• Excellent Board, stakeholder, and regulator engagement skills
• Upholds highest ethical and fiduciary standards

Benefits

Compensation and Benefits

• Executive Package: Competitive monthly salary aligned with UAE market standards
• Benefits include family medical insurance, annual flight allowance, performance incentives, and end-of-service gratuity

Perks & Benefits Extracted with AI

  • Health Insurance: Benefits include family medical insurance
  • End-of-service gratuity: end-of-service gratuity
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