Head: Financial Reporting at Export Credit Insurance Corporation of South Africa Soc Ltd (ECIC)

KEY ACCOUNTABILITIES, MEASURES & INTERFACES

• Under the direct supervision of the Chief Financial Officer, the Head of Finance will be responsible for:
• Develop, maintain and implement proper operational controls for financial efficiency;
• Ensure complete operational compliance with manuals and policies, Board and Management financial instructions and any applicable agreements/regulations;
• Update the policies timeously with the changes in the regulations and instructions from Board and Management
  Ensure that proper books of accounts of ECIC are kept;
• Ensure that financial reports (including performance analysis and statutory returns) are timeously prepared for stakeholders such as Board and Management, Prudential Authority, Financial Sector Conduct Authority, National Treasury, SARS and the DTIC;
• Prepare the Annual Financial Statements in accordance to IFRS and ECIC’s accounting policies;
• Ensure that all standing instructions requiring any input control or action by the finance department are met and observed precisely and correctly at all times;
• Supervise the work performed by the Reporting accountant;
• Manage relationship with internal and external stakeholders;
• Co-ordinate with internal and external auditors;
• Ensure compliance with tax legislation;
• Responsible for the implementation of new accounting standards e.g. preparation of the implementation plan and related deliverables;
  Coordinate with the CFO on the best practice to manage ECIC financial resources ;
• Keep the CFO fully informed at all times of any adverse or changed or unusual circumstances which may affect the corporation’s financial position.
• Ad-hoc activities as requested by the CFO

Key Measures

• Number of audit observations;
• Compliance with procedural and legislative requirements;
• Management of client relationships and key stakeholders;
• Management of budget including operational expenses.
• Timeous submission of accurate financial reports

QUALIFICATIONS & EXPERIENCE

• Qualified as a CA with strong technical expertise;
• At least 5 year post article experience in a finance unit in a supervisory or management level. Preference will be given to individuals from the financial and/or insurance industry;
• Excellent knowledge of information technology advanced EXCEL, AX Microsoft Dynamics or similar accounting system;