Chief Financial Officer at AllLife

Job description

Role Description:
Reporting tthe Managing Director, the Chief Financial Officer (CFO) actively supports the Managing Director in the development and execution of corporate strategy through design, deployment and management of financial functions, systems and processes. The CFplays a core leadership role in the executive team and together with the MD, acts as an interface tthe board of directors, exercising financial judgement and guiding the allocation of capital resources.

OVERVIEW OF CORE RESPONSIBILITIES

Strategic leadership

• Provide strategic financial leadership tthe business toptimise the company’s financial performance and tensure appropriate funding tenable strategic plans;
• Contribute fully tthe development of the company strategy across all areas of the business, challenging assumptions and decision-making as appropriate and providing financial analysis and guidance on all activities, plans, targets and business drivers.
• Be the custodian of financial governance and shareholders’ and funders’ interests.

Financial leadership and direction

• Assume responsibility for the overall finance and accounting function of the company.
• Develop scenarios and models tensure the effective deployment of capital.
• Ensure that company financial systems are fit for purpose, robust, compliant and support current activities and future growth.

Budget

• Prepare annual budgets for approval by the Board of Directors
• Oversee the budget process, monitoring and reviewing functional submissions
• Monitoring of actual and forecast business performance against budgets
• Actively managing the cash resources of the company, including forecasts and projected funding requirements

Financial Reporting

• Assume overall responsibility for financial reporting tinternal and external stakeholders
• Presentation of monthly and annual accounts with recommendations.Develop, implement and ensure compliance with all internal financial controls, policies and procedures
• Ensure that financial reports are accurate and in accordance with International Financial Reporting Standards
• Continuous monitoring of actual performance against set targets, including margins, VNB, cashflow, CAPEX etc;
• Key liaison with the corporate tax advisors, auditors and other service providers
• Business owner of the core policy host system, including the monthly debit order and collections process and remittances treinsurers
• Presenting financial results tthe Board and Exco.

Financial actuarial management

• Assume overall responsibility for the company’s actuarial valuation and reporting requirements
• Oversight of the preparation of data, analysis and reports tensure the company meets its periodic actuarial valuation and reporting requirements
• Develop and implement internal systems, models and reporting capabilities tensure monthly VIF, VNB and EV reporting tstakeholders.
• Monitoring the monthly VIF, VNB and EV against budget and evaluating proposals and trade-offs tensure the targets are reached.

Collaboration

• Provide thought partnership and guidance tother executives, team members and business functions tensure alignment and development of effective divisional strategies that support the achievement of overall business objectives.
• Engage all stakeholders proactively tmanage expectations and delivery;

Project management

• Sponsor and execute on key finance projects and change initiatives;
• Provide thought leadership in overseeing certain key organisational change projects through active participation in project steering committees;

Sustainability and governance

• Direct the development of a sound organisational plan, including retention and succession planning for key employees, codification of organisational knowledge, application of sound controls and risk management and promoting a culture of ethical behaviour.
• Ensure that all finance activities are performed in compliance with relevant laws, regulations and policies governing business operations;
• Apply effective risk management in managing finance and promote a culture of risk awareness and responsibility;

Team leadership and Management

• Actively develop management and staff;
• Be a mentor and coach tthe senior management team and tdirect management reports;
• Set clear goals and expectations and manage the finance team and individuals in a high-performance culture;
• Demonstrate a strong bias for learning and research;

Competencies to be demonstrated on the job

Leadership:

• Decision to lead
• Action orientation and decisiveness
• Inspiring and motivating

Persuasion and influence

• Influence and impact
• Persuasive and influential;
• Strong facilitation and synthesis skills torchestrate problem solving and buy-in for shared outcomes;
• Presenting and communicating information
• Excellent written and verbal communication skills;

Relating and networking

• Relationship building / orientation
• Customer service and relationship oriented;

Working with people

• Developing people
• Team player with a good attitude towards collaborative problem solving;

Formulating strategies and concepts

• Strong contributor tstrategic debate and decisions whilst being the “voice of reason” in marrying corporate strategy with execution capabilities and constraints;
• Big picture and connective thinking
• Strategic thinking and change management
• Judgement and decision making
• A proven ability tdevelop and twork under scenarios and trade-offs and tmake informed and effective short-, medium-, and long-term decisions at both a strategic and operational level;
• Structured thinker;

Creating and innovating

• Creativity and innovation

Learning and researching

• Monitoring and measuring
• Analytical thinking
• Learning agility
• Research and information gathering
• Ability tapply analytical methods tderive key insights and ttake informed decisions;
• Sound conceptual, quantitative and analytical problem solving skills;
• Quick learner and adaptive tchange;

Adapting and responding to change

• Solution focus problem solving
• Tolerance of ambiguity
• Ability to operate under ambiguous and uncertain conditions and tformulate sound business decisions under these conditions;

Delivering results and meeting expectations

• Results orientation
• Customer service orientation
• Planning and organisation, prioritisation
• Strong action orientation with an eye for execution;
• High attention tdetail;
• Strong problem solving skills;
• Driven and results oriented;
• Reliable and dependable,

Candidate Profile

• CA (SA) in good standing
• 15 years’ experience in accounting and financial management
• 3-5 years relevant board / executive management experience
• Previous life insurance / financial services experience will be beneficial

FIRST YEAR GOALS
Structuring AllLIfe as a stand-alone life insurance business with an appropriate funding strategy
Embedding systems and models tprovide accurate and meaningful business performance measurement and management information