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  • Posted: Nov 12, 2020
    Deadline: Not specified
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    Momentum is a trusted partner on your journey to financial wellness. We guide you by offering leading advice, products and services. We are committed to helping you fulfill your lifelong financial needs, by providing relevant and unique solutions to suit your budget and individual circumstances. It is our aim to build and maintain enduring relationships by p...
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    Chief Financial Officer

    Role Purpose

    The CFO at Client Engagement Solutions is expected to provide strategic leadership on financial activities for the Multiply, Transactional Banking, and the Client Hub businesses. This role is responsible for delivering professional, ethical and effective financial practices that are aligned with the Group Finance strategy, to ensure sustained profitability of the business.

    Responsibilities and work outputs

    • Keep abreast of trends, legislation and best practices within the financial management field and industry in which the company operates 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 segment, as well as the overall financial strategy of the Group.
    • Oversee the design of effective and efficient futuristic 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 segment 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.
    • Contribute to the design and development of Group Finance strategies, policies and practices and oversee the implementation of finance strategies, policies and practices within the segment.
    • Direct and oversee all aspects of the finance functions (accounting, tax, capital management etc.) of the segment, ensuring healthy financial management within the segment.
    • Build and maintain effective business relationships with 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 segments in line with finance best practice (GAAP, IFRS etc.).
    • Manage and minimize the company'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.
    • Understand the profitability and growth drivers for the business and ensure that the key insights are well understood by the management team.
    • Ensure that sound financial controls and practices are in place within the segment and in the respective products and solutions centre of excellence to ensure the segment delivers on its stated financial objectives.

    Competencies required

    • Business Acumen
    • Strategic Thinking
    • Diversity and Inclusiveness
    • Leads Change and Innovation
    • Self-Awareness and Insight
    • Drive for Results
    • Impact and Influence
    • Institutional Process Analysis & Redesign
    • Client / Stakeholder Commitment
    • Motivating and Inspiring Team

    Experience and Qualifications

    • Post graduate degree in BCom Accounting , Financial Management or Management Accounting.
    • Registered chartered accountant with South African Institute of Chartered Accountants
    • MBA (preferred).
    • 10 years post qualification experience in financial management in an insurance and financial services environment.
    • 3-5 years in a senior management position.
    • Knowledge of the wellness and rewards, financial services, health, insurance and investment industry and applicable regulatory requirements and legislations.
    • Knowledge of Generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS), Tax Act, Companies Act and risk management principles.

    Method of Application

    Interested and qualified? Go to Momentum on www.linkedin.com to apply

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