We are leading Delhi based Consultant, empanelled with leading MNC's and top Indian Corporate Houses both in India and overseas. One of our esteemed Clients is Insurance Corporation of Afghanistan (ICA), a private sector Insurance Company with the backing of Lloyds London.
A brief on the Company is also placed below.
Economic Growth in AfghanistanThe International Monetary Fund has clearly highlighted that Afghanistan’s economy is reviving quickly. Afghanistan’s economic growth will accelerate over the next two years. Today’s foreign direct investment comes mostly from friendly governments, donors and international agencies. All Donor countries and agencies have promised more than $10 billion in assistance to Afghanistan in 2007-08. The US itself is set to give an aid of US $698 million in 2007-08. This is likely to increase in 2008-2009. The European Commission has offered 600 million euros over the next four years. All this aid together with the revival of the agro economy indicates a very sound economical future for Afghanistan.Insurance Industry in AfghanistanThe insurance industry in Afghanistan today is dormant and ill- prepared to serve a fast growing economy. Till some time ago there was only one Insurance Company i.e Afghan National Insurance company (ANIC) which only sold limited face value third party automobile liability insurance policies. There are some international insurers who thru brokers and surplus lines brokers do direct business with large international companies who operate in Afghanistan. Keeping the need for a sound Insurance Company , the Government of Afghanistan (GOA) therefore called on the private sector to create a cost effective, international style and standard insurance company.
INSURANCE CORPORATION OF AFGHANISTAN (ICA)ICA was born as a consequence of this need expressed by the Government. The Company is the result of a partnership between two expatriate American and one Afghan businessman. ICA is backed by Lloyd’s of London and is operating out of the fourth floor of modern, well appointed, professionally furnished and equipped commercial building located in the Taimani area of Kabul. The Taimani area is slowly becoming the new white collar business hub of Kabul.The operation of an insurance company to serve the needs of large international and domestic companies lies at the heart of this start up. A strong focus of this business has been placed on new financial and insurance technologies that utilize the latest software and techniques to offer immediate service and support as well as designing and offering of innovative insurance products and strategies to deliver significant, above expected value to customers. ICA is operating with a variety of products and services. Their manpower includes people from different nationalities including Indians, Pakistanis, Europeans and local Afghanis. Currently their offerings are being limited to policies for major companies in the market.
These include • Commercial General Liability• Defense Based Act Liability and workers compensation policies. • Aviation Policies • Group Life and Heath• Travel Insurance• Fleet Automobile InsuranceICA is looking for high profile FINANCE & ACCOUNTS professionals to be based at their Corporate Office at KABUL.
The Company would be providing free furnished Accommodation, Food & Transportation from Residence to Office and back, two weeks paid leave and one to and fro ticket to India/year. In addition, they are offering an attractive remuneration package ranging between 2500-4000 USD per month.Job Details are as underDesignation
CFO
Qualification MBA / CA / ICWA Experience Minimum 5 yrs of exp in Insurance IndustryIndustry Any (Preferably insurance industry)Location Kabul (Afghanistan) Reporting CEO Skills Good Communication & interpersonal skills A positive attitude and ability to maintain close working relationships. Negotiations and Influencing skills Good computer skills Able to work under pressure and to meet deadlinesKey Responsibility Areas• Manage the Company’s general ledger system; ensuring that all transactions are processed timely and accurately and that appropriate reconciliations are prepared each month and each quarter. • Manage cash & bank transactions, investments and payroll.• P&L, Cash-flow I&E ratio statements on a monthly, quarterly and annual basis • Annual budget • Maintain the Company’s accounts payable function, ensuring that all incoming charges are logged, duly authorized and that payments are made and processed accordingly.• Maintain the Company’s fixed asset register, including a regular asset count.• Assist the CEO to produce relevant financial management information required by the Board on a timely basis and ensure it is of sufficient quality to enable swift and effective decision making.• Prepare appropriate comprehensive working papers and other documentation to support financial management information and statutory accounts.• Assist the CEO to oversee and manage any finance-related outsource providers, such as technical accounting/credit control.• Assist the CEO in generating and booking to the general ledger, the Company’s earned insurance technical result. This requires use and monitoring of the Company’s interface between the underwriting process and general ledger and underlying MIS tools. Specify and develop, where necessary, additional models to strengthen controls over this process or improve its efficiency.
If you feel, you are looking for a fine growth opportunity, kindly send us the following.• Updated CV on anil.seth@careersun limitedindia. net (Pls do not change the subject line)• Current CTC• Scanned copy of Photograph
Comments