Chief Financial Officer at Malander

Job description

Our client is seeking a CFO to join their team based in Belville, Cape Town.

Role Purpose

Ensure the provision of integrated financial and risk insights and intelligence within the segment that

enables decisions that directly impact the overall business performance of the Segment.

Requirements

• Post graduate degree in Accounting, Financial Management, Actuarial Science, Business
• Management or Risk Management;
• Registered chartered accountant with South African Institute of Chartered Accountants
• MBA;
• 10 years’ post qualification experience in an insurance or financial services environment;
• At least 3 years in a senior management position;
• Knowledge of Generally accepted accounting principles (GAAP), International Financial
• Reporting Standards (IFRS) and risk management principles;
• Knowledge of the financial services and insurance industry, and applicable regulatory
• requirements and legislation.

Responsibilities and work outputs

• Drives Financial Performance / Results of Segments - Apply 70/30 principle in strategic decision support through business insights (70% forward looking views, analysis on a consistent basis);
• Proactively engage in understanding causal link between business drivers and financial outcomes;
• Proactively engage and partner with group finance for planning purposes through to ensure that the performance leavers and metrics identified are appropriate to ensuring overall Segment performance in line with group targets;
• Through a forward-looking lens, enable leaders in the Segment with Intelligence that will enable them to remain agile to pre-empted changes in the environment/external influences;
• Provide guidance on prioritisation to product houses or Centres of Excellence (CoE) in partnership with business, through partnering with other businesses to ensure prioritisation in CoE's will lead to overall group performance;
• Effectively take ownership of delivery of the Finance transformation project to ensure clear integration of Segment needs into the envisioned world of work;
• Ensure the effective financial management within Segments;
• Ensure effective expense management by applying group and internal segment principles to reset the expense base; identify expense savings and opportunities to reset expense base within the segment;
• Ensure that the Segment aligns to the overall group budgeting cycle; effectively drive the crafting of a fit for purpose budget within the Segment;
• Enable the business with the relevant insights around budget variances projected budget totals compared to actuarial operating budget totals;
• Ensure effective financial controls are implemented to protect the group from financial losses and where losses are incurred take ownership of said losses, and manage through the reporting and governance processes;
• Ensure an effective Risk Management capability in the Segments to achieve the appropriate balance between risk and reward;
• Ensure the effective development and implementation of the Risk Appetite and Risk Strategy within the Segment, after which effective monitoring and reporting is applied – providing a trusted forward looking view of risk;
• Operationally enable and support the Risk Management capabilities within the Segment by leveraging and collaborating with the risk community;
• Ensure effective leadership and people management practices are adopted as senior leaders;
• Ensure an increased level of energy flow between employees and leaders, by creating opportunities to connect team to Group Strategic initiatives, Group Finance and Group Risk Objectives and initiatives, to ensure an informed workforce that will be able to effectively contribute to the objectives of the group;
• Ensures leader led change management within area, through high levels of energy flow between employees and leaders, to increase the level of employee resilience to change;
• Provide Coaching and mentorship to direct reports, to inspire employees to use their spikes;
• Ensure the development of your teams to enable collaboration, teamwork and shared Accountability;
• Ensure the cascading of the Company Way in alignment with the group process. Ensure a consistent transition of practices from the old practices to the new practices within the Company with the consistent application throughout your area;
• Improve talent management efficiency across group finance, by creating opportunities for people to grow through mobilisation strategies and focused development initiatives;
• Intentionally create a transformed working environment that enables the delivery on the Group EE Plan / intentionally identify and develop talent for fast tracking and advancement in support of addressing the gaps in our EE Plan on middle management level;
• Enable client centricity within area of responsibility by participating and contributing to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service;
• Effectively lead team to create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity;
• Manage budget and implement sound financial controls;
• Control the budget for area, including the authorisation of expenditures and implementation of financial regulations;
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy;
• Identify solutions to enhance cost effectiveness and increase operational efficiency;
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities;
• Implement and provide feedback on the effectiveness of financial policy, practice and procedures preventing illegal, unethical or improper conduct;
• Implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liability;
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.