Financial Controller

About Turaco

• It is urgent to figure out a way to insure people who are not insured. Turaco’s mission is to free people from the fear of financial shocks. Our 25-year goal is to insure a billion people, doubling the number of people insured worldwide.
• Turaco is a high-growth, well-capitalized fintech start-up in Africa that brings a new innovative insurance model to emerging customers. Turaco offers subscription-based insurance for the mass market bundled with regular transactions that people are already doing. Turaco works through fintech-enabled partners to offer affordable insurance products that add real value to people’s lives. At Turaco, we value simplicity, communication, and transparency and strive to transform how insurance works. When it comes to claims, our goal is to make the process as simple as possible and pay out fast.
• Turaco embraces diversity and inclusion in the workplace - we’re building a team where our differences complement each other and make us stronger. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic.
• Since launching in Feb 2019, Turaco has insured 2 million customers to date. Over the next 24 months, we are on track to triple in size and we’re looking for team members who can grow with us. To learn more, visit
  
  
  

Key Roles And Responsibilities

Finance

• Managing monthly reporting across the finance team, such that consolidation is as efficient and fast as possible
• Ensure IFRS17 compliance as Turaco becomes an underwriting entity in several of its operational jurisdictions
• Consolidate and reconcile entries and accounts for reporting
• Management Accounts: Accountable for the overall management accounts and presentation to the CFO and other leadership team members
• Preparing variance reports
  
  

Financial policy & planning

• Implement an efficient management reporting system including selecting and subsequently managing the integration of a new ERP
• Implement and maintain an adequate system of financial controls; proactively identify where additional controls may be needed
• Drive the company's financial and cash planning and preparation of cash flow forecasts
• Make recommendations to improve processes and systems, proactively planning for scale within the finance department
• Run the annual budgeting process
  
  

Team Management

• Lead a team sitting across Kenya, Uganda, and Ghana, reporting to the CFO
• Manage the output quality of the entire team, their performance management, and growth within Turaco
• Expand the team as needed, staffing the department with the right skills and functions.
  
  

External Stakeholder Management

• Develop and maintain relationships with key business partners (including banks, auditors, actuaries, and regulatory bodies across markets we are present
• Manage annual audits across all entities and country units
• Own key vendor relationships in the Finance unit
  
  

Knowledge Skills And Abilities

• Live Turaco’s values – care and protect our customers, do the right thing for our customers, and have fun!
• Bachelors-level degree in a financial discipline
• Professional qualification (CPA, ACCA)
• 10 years minimum experience with at least 2 years in a Controllership position or similar
• A Plus (but not compulsory) if you have previous experience working in a start-up, in multiple African countries and have an insurance industry background
• A hands-on builder, comfortable with complexity and the ever-changing aspects of a growing business
• Great attention to detail, with integrity, and can effectively communicate
  
  

You are the right candidate if...

• You have led a team, reviewed and consolidated their reporting, and built a sense-checking mechanism for reported numbers
• You have built finance functions from the ground up including, management accounts, setting up ERP systems, and building a team.
  
  

Our Company Culture

• Our company values are; Care & Protect, Do the right thing, Have fun, and Low ego. Our values inform the culture we have built at Turaco. Our work demands care and protects our customers, we believe in honesty, taking initiative, having fun while working, and being humble at all times. If these words describe you, join us!
  
  

Total Compensation & Benefits

• Turaco offers a competitive salary commensurate with experience. We combine that with a mix of useful employment benefits like stock option plans and healthcare and a company culture that allows you to enjoy your work while making meaningful connections.