Finance Director - JHB at Talented Recruitment Specialists

Requirements: 

• At least 2 years' experience in the finance industry and managing a team in a dynamic and highly competitive environment
• Chartered Accountant
• Experience in the insurance industry is beneficial.
• Experience in a Senior Finance Manager, Finance Director or CFO role.
• Exposure to and experience in financial modelling.
• Audit and Risk Committee feedback
• Board level experience advantageous
• Knowledge of insurance regulatory submission advantageous
• Demonstrated ability and experience advising and influencing executives, providing insights that lead to key decision making within the business
• Substantial experience in leadership and an ability to motivate and promote professional development of a cross-functional team
• Creative, strategic, and financial acumen coupled with strong business intellect necessary for taking the business to the next level
• Ability to influence and motivate others to maximise their efforts towards achieving the company’s business purpose
• Demonstrate business acumen, finance expertise and strategic planning skills
• Visionary leader who demonstrates the ability to interface and maintain effective working relationships with all departments
• Proven management skills
• Ability to collaborate with executives at a strategic and tactical level
• Deep understanding of regulation, coupled with an understanding of cost and revenue, capital allocation, and stakeholder considerations
• In-depth understanding of performance reporting and financial / budgeting processes

Duties and Responsibilities: 

Commercial:

• Understanding the key value drivers of the business and implementing optimisation measures to maximise profitability.
• Building strong relationships with key stakeholders so as to ensure optimal margin extraction through the value chain.
• Leveraging technology to provide meaningful insight and analysis into financial reporting and analysis

Financial Reporting:

• Ensure timeous, accurate and complete monthly, quarterly and annual financial reporting
• Stakeholder financial and compliance reporting requirements
• Board and audit and risk committee reporting
• Group consolidation experience

Budgeting:

• Producing the annual Financial Services budget for submission to the Board of Directors comprising income statement, balance sheet and cash flow statement.

Forecast collation:

• Provide timeous forecast financial results on a continuous forward 12 month basis.
• Provide insight and analysis on the rolling 12 month forecast with key emphasis on EBITDA and cash generation for the Financial Services business.

Income Tax compliance:

• Responsible for income tax submissions
• Key liaison with SARS in respect to all Financial Services company income tax matters
• Dividend tax returns

Actuarial function:

• Management of internal and outsourced actuarial function
• IFRS 17 implementation
• External auditor liaison:
• Key liaison with external audit in respect of Financial Services companies
• Drive external audit deliverables so as to ensure timeous external audit completion.
• Project manage operational finance deliverables to auditors

BEE Compliance:

• Experience in managing BEE Scorecard 
• Liaison with external audit

Governance:

• Attendance of the board meeting and audit and risk committee meetings
• Responsible for submission of all financial and actuarial regulatory returns to regulatory authorities
• Internal audit liaison:
• Implementation of audit improvements on findings and liaison with internal audit

Treasury:

• Take responsibility for Financial Services treasury and forecast cash generation.
• Investment management

People management and leadership:

• Provide leadership and manage a team of individuals in achieving the organisational objectives.