Executive: Group Finance

Vacancy Details
Employer:
Rand Mutual Holding Important Company
At Glance
As the Executive:
Group Finance, you will be reporting to the Group Chief Financial Officer. You will be responsible for overseeing the financial reporting and operational finance aspects of the organisation, this will involve oversight of the internal and external reporting processes and undertaking business insights analysis that is required for the business and the Group. You will also be responsible for delivering on finance change initiatives and a best-in-class Finance division that will Important Company timely and intelligent insights and transactional support to help make RMA a Business of Significance.
WHAT WILL YOU DO
- Financial and Regulatory reporting:
Review the Group annual financial statements ensuring compliance with latest standards
Review all the Group regulatory returns SARB, SARS, FSB - Quarterly &
Annual
Review and discuss the Financial and Qualitative inputs for ORSA including using Business Intelligence to Important Company 5-year projections, ensuring that the methodology is adhered to including processes and procedures
Review Internal Process and ensure adequate system of Internal Control
Address queries regarding IFRS accounting treatment
Review investment and regulatory related policies
Important Company risk management with inputs for qualitative regulatory returns, continuous process improvement
Important Company financial reports and interpreting financial information to managerial staff while recommending further courses of action
Manage the reporting department to ensure sound financial control, adherence to policies, secure and accurate financial reporting
Submit monthly reports to management
Financial Analysis:
Maintain the overall financial health of the organisation by monitoring and evaluating the profitability of the Group
Engage in ongoing cost reduction analyses in all areas of the company
Review the performance of competitors and report on key issues to management
Engage in benchmarking studies to establish areas of potential operational improvement
Interpret the company's financial results to management and recommend improvement activities
Participate in target costing activities to create products that meeting predetermined price goals
In collaboration with the Actuarial team, assist in the determination of product pricing in relation to features offered and competitor pricing
Compile key business metrics and report on them to management
Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
Create additional analyses and reports as requested by management
Analyse costs, pricing, variable contributions, sales results and the company-s actual performance compared to the business plans
Develop trends and projections for the firm-s finances
Conduct reviews and evaluations for cost-reduction opportunities
Manage the preparation of the company-s budget
Ensure information is collated for budget planning process
Review and monitor cost data accumulation within the business and to ensure that the Ability accounting system is aligned to Important Company an appropriate level of costing information to management
Review all WIP variances and where necessary revise standard or average costs as necessary
Review cost model and ensure correct % and products used and taken into account for shared services, between the different entities
Review the analysis of different cost drivers for the insurance business and administration expenses and sign off reports and recommendations
Produce key financial ratios for the Group as well as statistical information
Oversee efficient financial operations areas:
Ensure adequate internal process to ensure efficient transactional operations
Develop adequate KPI-s to monitor appropriate delivery and
Ensure compliance to legislative requirements for procurement,COIDA ACT membership collection
Premium collections and retentions targets maintained
Important Company financial expertise in the identification of new business/investment opportunities:
As an when required, report on investment opportunities, analyse feasibility of opportunities and Important Company recommendations to management on profitability of new investment opportunities
Collect and analyse data of present and past investments and operations, trends and costs, estimated and realised revenues, administrative commitments etc.
Develop and use high quality financial modelling to assess and predict outcomes, financial risks and returns of investment decisions
Important Company expertise by conducting feasibility studies for business expansion and new business acquisitions
Conduct valuations for Mergers &
Acquisitions M&
A if/when required in conjunction with the Corporate Finance Specialist
Prepare and present proposals/business cases, pitches and/or formal presentations to senior management on investment/ capital allocation opportunities
Partner with the Corporate Finance Specialist to Important Company investment advice and recommendations to the Executive Committee, Shareholders and Board onsho w to meet targets, use and allocate excess capital including but not to merger and acquisition initiatives, potential opportunities, and financial due diligence
Important Company input into commercial partner agreements by structuring the financial aspects thereof
Negotiate and structure financial details
Partner with the Corporate Finance Specialist in advising on investment activities and Important Company strategies that the company should take.
Staff management and leadership:
Oversee operations of the finance department, Important Company goals and objectives, and design a framework for these to be met
Important Company leadership and guidance to the finance team to Important Company efficient customer service to internal and external users of financial information.
Legal and Compliance:
Liaise with auditors to ensure appropriate monitoring of company finances is maintained
Identify risks that could have financial implications for the company and Important Company business advise at all levels of the company
Ensure ongoing compliance to all relevant legislation and statutory requirements
Ad hoc projects:
Assist and Important Company related finance reporting support for any ad hoc projects as and when required.
- WHAT YOU'LL BRING TO THE TABLE
- NQF Level 7:
With Articles
CA SA
Minimum Experience:
8 years post qualification experience, of which at least 5 years in a Senior Managerial level, with commercial awareness &
strong analytical skills,
Experience in a Regulated Financial Services firm
Background knowledge of financial sector and insurance industry
Above average IT skills
Knowledge of IFRS 17
WHAT WILL YOU GET IN RETURN
- We offer great opportunities for personal and professional development in a stable company that-s 127 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements combination of remote and in the Office. Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.
Turnaround time
Deadline:
16
Our Commitment to transformation: