Finance Director at AIG

Main Duties And Responsibilities

• The South Africa Finance Director is accountable for all financial activities in the entity. He/She manages controlling activities (operational and investments), ensures compliance with tax and accounting regulations and manages the relationships with banks and external auditors.
• Report accurate reliable financial results within the prescribed deadlines and quality
• Manage financial operations and activities, including accounting, controlling, capital management and financial planning
• Ensure that the external audit process is controlled and that unqualified audit reports are obtained.
• Ensure the implementation and adoption of internal controls, aiming at ensuring the integrity of the accounts in compliance with standards and regulations in a business-oriented manner.
• Treasury management: Monitor the cash flow, the cash resources of the entity and the Working Capital Requirements.
• Provide a complete procurement support function for all expenditures with external suppliers, responsible for the provision of professional expertise regarding the implementation and development of procurement. Assist in developing a strategy related to preferential procurement and align to business strategy.

Overall responsibility for the financial management of the business. This includes but is not limited to:

• Preparing and reviewing of monthly balance sheets and income statements for management packs
• Preparing and reviewing monthly commentary on income statements and balance sheets variances for management packs

Reviewing of:

• monthly general ledger reconciliations
• supporting reinsurance schedules and reconciliations
• annual budgets and forecasts
• Performing any ad hoc requests and projects, including financial modelling
• Assistance with technical, audit or accounting queries
• Assisting with the preparation of technical papers on new IFRS impact on the company
• Preparing and having a good understanding of financial reporting related to the qualitative and quantitative solvency regime
• The implementation of necessary system changes to ensure reporting requirements for the regulatory authorities can be met on an ongoing basis
• Ensuring timely reporting to the regulatory authorities, which includes reporting from within the Finance space under the current and future requirements
• Reviewing of year-end procedures and statutory annual financial statements
• Liaising with internal and external auditors
• Preparation and contribution to various ad hoc projects within the Finance environment
• Responsible for the implementation of IFRS17

Formal Qualifications

• Matric
• CA(SA) + Big 4 – Non-negotiable
• 5+ years of post articles Senior Finance experience
• Meet the FAIS Fit & Proper requirements

Experience

And Knowledge

• Experience in co-ordinating monthly & quarterly management reporting
• Big Experience in management position and having gained significant short term insurance experience;
• Financial and operational management experience
• Ability to engage and report to Executives
• Experience in controlling credit, insurance, and other financial risks
• Experience in drafting management and Statutory reporting (Annual Financial Statements, Regulatory returns etc)
• Experience in the development and enhancement of current business processes
• Up to date knowledge of the accounting standards
• Up to date knowledge of taxation legislation
• It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.