Chief Financial Officer at MMI Holdings

Job description

ROLE PURPOSE

Metropolitan is one of the oldest financial services brands in South Africa. With a 116 year legacy of serving the communities in which it operates, Metropolitan represents true empowerment in serving Africa’s people through affordable financial solutions that create financial growth and security.

WHAT YOU'RE GOING TO DO

• LEAD AND DIRECT THE FINANCE FUNCTION WITHIN THE BU IN SUPPORT OF BUSINESS OBJECTIVES:
• Keep abreast of trends, legislation and best practices within the financial management field in order to optimise service offering and delivery.
• Collaborate with senior management to formulate short and long-term strategic financial objectives and operating strategies for the business, in line with the overall business strategy of the BU, as well as the overall financial strategy of the Group.
• Oversee the design of effective and efficient future financial modelling in support of the business strategy and new business ventures.
• Support the development of new business initiatives by studying economic trends and revenue opportunities, unpacking the financial implications and make recommendations regarding the financial viability of new business.
• Evaluate and advise on the financial impact and requirements of long range planning, introduction of new products/business and regulatory environment to support the realisation of the business strategy.
• Provide executive management within the BU with advice on the financial implications of business activities, and provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
• Provide recommendations to strategically enhance financial performance and business opportunities.
• Oversee the implementation of finance strategies, policies and practices within the BU as directed by MMI Group Finance and the Health Centre of Excellence
• Direct and oversee all aspects of the finance functions (accounting, tax, capital management etc.) of the BU, ensuring healthy financial management within the BU
• Build and maintain effective business relationships with other BU’s and Group Finance in order to manage service delivery in line with business expectations and requirements
• Establish and comply with finance governance principles and structures within the BU in line with finance best practice (GAAP, IFRS etc.).
• Manage and minimize the BU’s financial risk exposure by developing and maintaining systems of internal controls, liaising with Risk Management functions as appropriate.
• Support the planning and management of internal audit activities in collaboration with the risk team.
• Provide direction for continuous improvement efforts by managing the identification of opportunities, cost reduction, improvements and systems enhancement.
• Ensure that sound financial controls and practices are in place within the BU and in the respective products and solutions centre of excellence to ensure the BU delivers on its stated financial objectives
• Build and maintain relationships with clients and stakeholders
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
• Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.
• Contribute to a client service excellence culture which builds enduring relationships and allows team to provide exceptional client service.
• Drive efforts to improve client service and fair treatment of clients within area of responsibility
• Incorporate client feedback into the enhancement of daily business processes and management operating systems.
• DRIVE A CLIENT CENTRIC ENVIRONMENT THAT FOCUSES ON BEST PRACTICE SERVICE DELIVERY :
• Build and maintain relationships with clients and stakeholders
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
• Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.
• Contribute to a client service excellence culture which builds enduring relationships and allows team to provide exceptional client service.
• Drive efforts to improve client service and fair treatment of clients within area of responsibility
• Incorporate client feedback into the enhancement of daily business processes and management operating systems.
• EFFECTIVELY LEAD THE TEAM:
• Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.
• Select and recruit suitably qualified talent in line with Employment Equity principles and MMI values
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
• Execute effective workforce planning practices to ensure that staffing requirements are accurately forecasted
• Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth.
• Effectively manage performance within the team in order to ensure business objectives are achieved
• Encourage innovation, change agility and collaboration within the team
• Share and transfer product, process and systems knowledge to colleagues.
• OVERSEE THE BUDGETING AND FINANCIAL REPORTING PROCESS AND IMPLEMENT SOUND FINANCIAL CONTROLS :
• Coordinate the process for the development, implementation and monitoring of fit for purpose budgets to ensure the BU operating model is adequately budgeted for.
• Control the budget for area of responsibility, including the authorisation of expenditures
• and implementation of financial regulations.
• Oversee the monitoring of financial performance by measuring and analysing business results, initiating corrective actions and minimizing the impact of variances.
• Oversee the production and delivery of accurate financial metrics, statements and reports for the BU (Income Statement, Profit and Loss Statement etc.) within agreed timelines.
• Ensure the integrity of data and systems to enable accurate financial reporting.
• Present a complete analysis of financial results including strategic and tactical insights and recommendations to executive committees and boards.
• Manage the timeous and accurate submission of statutory reports to the relevant authorities and governing bodies.
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

WHAT YOU'LL NEED:

• Registered chartered accountant with South African Institute of Chartered Accountants (preferable), or MBA
• 10 years post qualification experience in a health administration, insurance or financial services environment (preferred)
• 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 health, financial services, and insurance industry and applicable regulatory requirements and legislations.

WHAT COMPETENCIES YOU'LL REQUIRE

• Business Acumen
• Client/ Stakeholder Commitment
• Drive for Results
• Leads Change and Innovation
• Motivating and Inspiring Team
• Strategic Thinking
• Collaboration
• Impact and Influence
• Self-Awareness and Insight
• Diversity and Inclusiveness
• Growing Talent.

MORE POINTS TO PONDER

Shortlisted candidates will be subjected to the following statutory checks:

• ITC
• Criminal
• References

Qualification .

• Pyschometric assessments will be part of the selection criteria
• Should you not be contacted within two weeks, please consider your application unsuccessful