Finance Business Partner: Balance Sheet and Operation Expense Management at Hollard Insurance

Job Advert Summary    

• Manage Opex reporting process, ensuring that all month-end journals are processed to correct GL accounts and cost center.
• Communicate Opex monthly results to cost center managers and attend to queries flowing from EVR discussion.
• Overall Opex management – budget and forecast management for support areas.
• Balance sheet management – managing the balance sheet process, ensuring all balance sheet accounts are reconciled, and reconciliation queries are followed up and cleared timeously.
• Provide effective Balance Sheet risk management to ensure that write-offs that result in financial losses are prevented.
• Collaborate with the broader finance community to set up Balance Sheet milestones and standard operating processes.
• Effective provision process ensuring that debtors' (receivables) loans are adequately provided for.
• Provide input in setting up BEE targets for BU and monitor BEE targets.

Key Responsibilities

Opex Portfolio

• Quality of financial accounting records as well as quality and timing of monthly results, ensuring that meaningful commentary is provided on month-end results.
• Manage allocation of operational expenses from cost centers to profit centers.
• Maintain opex allocation basis.
• Own and maintain opex allocation basis.
• Provide strategic support to exco members in managing operational expenses, ensuring that cost savings initiatives are identified and planned savings are achieved.
• Tracking delivery of committed cost savings per cost center.
• Report on acquisition and renewal unit cost per policy.
• Maintain fixed asset register and provide feedback on the asset that needs to be capitalized or retired.
• Manage forecast and budget process for support areas, ensuring that Budget and forecast are completed within the agreed timelines. Communicate results of Opex expenses with cost center owners.
• Maintain Delegation of Authority (DOA) and update all changes that occurred to ensure that payments are made on time.
• Manage inter-departmental expense recoveries and Opex allocation process and obtain approval from receiving and transferring cost center managers.
• Follow up on EVR queries and resolve them before the end of the new reporting month.
• Support cost center owners with invoice allocations.
• Manage and track asset license usage between departments.
• PO verification, ensuring that POs are created in the correct cost centers and GL code.
• Own IFRS17 opex allocation model and coordinate delivery with actuarial team.
• Maintain IFRS17 driver tables in TM1.

Balance Sheet Management

• Monitor and enforce adequate controls on Balance Sheet accounts for Life Solutions and communicate outcomes of Balance Sheet review to heads of finance departments.
• Establish Balance Sheet standard operating processes and consistently apply balance sheet controls across different finance teams.
• Alignment of balance sheet accounts across performance cells, ensuring consistent use of GL balance sheet accounts.
• Ensure consistent and effective provision for non-recoverable receivables is implemented promptly and that timely follow-up is done on outstanding recoverable.

Reporting

• Produce accurate, timing, insightful consolidated reporting to Group and Life Solutions Exco – Income Statement, Balance Sheet and Cashflow reporting
• Compile CAM Report
• Credit committee pack consolidation
• Own compilation of performance dashboard

Coordination

• Central point for management of GIA findings/interaction.
• Central point for management of External audit process and remediation of findings.
• Central point for management of RACMs/IFC.
• Ownership of accounting policies held withing the BU and liaison with Group-on-Group policies.

Required Knowledge and Experience    

• Advanced financial reporting writing.
• Experience in building relations with senior management and driving change management.
• PC literate (Advanced MS Office, Great Plains & Power BI, an advantage).
• Technical Insurance accounting, financial and management accounting.
• Knowledge of accounting packages, systems and controls including budgeting, understanding of Line of business systems and their integration into the accounting system.
• Financial and management accounting (IFRS 17)
• Knowledge of regulatory and related insurance industry general information
• Knowledge of systems and controls, budgeting, forecasting and variance analysis

Educational Requirements    

• CA qualification and minimum of three years leadership experience within Insurance.

Deadline:27th August,2025