Financial Manager at FNB South Africa

Job Description

• To provide support to the CFO in various aspects including: finance leadership, instilling best practice and enhancing business profitability through provision of information and insight in key strategic meetings

Hello Future Financial Manager III,  

• Welcome to FNB, the home of the #changeables. We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.
• As part of our team in FR Short Term Insurance, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious. Now’s the time to imagine your potential in a team where experts come together and ignite effective change.

Are you someone who can:

• Lead Senior finance manager for the FNB Short Term who understands IFRS 17 insurance standard and HFM working experience
• Supervise and mentor the finance team, providing guidance on day-to-day duties.
• Foster a collaborative environment and ensure the team meets its objectives
• Cultivate and manage technical working relationships with colleagues and finance professionals across the business and group to share insights, experience and best practice.
• Maintain expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders.
• Monitor and coach behaviours that ensure a service culture which builds rewarding relationships, proposes innovations and allows others to provide exceptional client service.
• Manage and monitor risk to ensure that all processes fall within the risk and audit guidelines. Investigate and implement measures to correct audit findings.
• Oversee the preparation of financial reports, including income statements, balance sheets, and regulatory reports.
• Design and implement a control framework to ensure the integrity of operations, financial and accounting practices. Anticipate and apply and policies/procedures to manage and control both financial and non-financial risks to which the business unit(s) might be exposed.
• Analyze financial data and provide insights to senior management.
• Conduct cost-benefit analyses and recommend improvements.
• Monitor cash flow and investments to ensure financial security
• Manage end to end finance projects involving a segment, business unit, function or country/region from strategy articulation through to systems / programme design and implementation.
• Review the Regulator quarterly and yearly submissions to ensure compliance
• Review the VAT and Tax workings to ensure compliance
• Investor Reporting: Assist in preparing the annual financial statement analysis booklet for the insurance entity within the Group, managing the investor reporting for the entity.
• Financial Statement Preparation: Support the team in preparing financial statements for the entity, including collaborating with different finance teams on AFS workings, and liaising with both internal and external auditors as needed.
• Utilization of Essbase and HFM: Use Essbase and HFM systems to source financial data for recording and analysis.
• Invoice Approval: Approve invoices related.
• Analyse, plan and manage costs (including product pricing or supply chain analysis) to support implementation of business strategies.
• Apply and monitor governance to ensure that all processes and documentation on model rules and assumptions are aligned with technical committee and costing steerco guidance and methodologies.
• Define, develop and maintain policies, procedures, standards and frameworks to efficiently manage practice and provide thought leadership.
• Continuously assess own performance, seek timely and clear feedback and request training where appropriate
• Actively coach team through providing advice about subject matter, solutions, principles and processes with the aim to improve business performance.
• Plan and manage performance, skills development, employment equity, talent and culture of team in order to improve innovation and achieve efficiencies.
• Stakeholder Partnership: Collaborate with stakeholders to provide financial insights and guidance that influence operational and general decision-making.

You will be an ideal candidate if you have:

• Minimum of 7-10 years of experience in finance, with at least 3 years in a managerial role.
• Strong leadership and team management abilities
• Excellent analytical, problem-solving, and decision-making skills.
• Strong knowledge of insurance financial regulations and accounting principles

Key skills and experience:

• Exposure to the insurance sector
• IFRS17 understanding, highly advantageous
• Essbase working experience, advantageous
• HFM working experience, advantageous
• Confident and comfortable to give specialized advice on technical matters
• Strategic financial planning and analysis.
• Budget management and cost control.
• Risk assessment and management.
• Financial reporting and compliance.
• Team leadership and development.
• Effective communication and collaboration
• Technically strong, demonstrating attention to detail, especially when it comes to IFRS.

Personality:

• And individual who is looking for longevity in a permanent role
• Self-starter with a passion for their career and their own self-development
• Candidates who are looking for a flexible and modern environment
• Patient as the role mainly depends on others to provide information and data
• Proficiency in excel and power point

You will have access to: 

• Opportunities to network and collaborate
• A challenging working environment that is progressive and agile
• Opportunities to innovate where initiative is taken and owned end to end

We can be a match if you have the following:

• Adaptable and curious
• Have a proven successful track record.
• Thrive in a collaborative environment.