About the position
Oversee the operations of the finance department, set goals, objectives and design a framework for these to be met.
Key Performance Areas
- Assist with Budgets
- Compile financial reports
- Advise on financial procedures
- Optimization of reporting deadlines
- Team management
- Managing agreed upon projects.
Key Tasks
Assist With Budgets
- Develop detailed annual budgets for the Finance Department, aligned with company goals and strategic plans.
- Provide accurate forecast estimates of income and expenditure based on historical trends and business projections.
- Monitor actual income and expenditure against budgeted figures, identifying variances and trends.
- Prepare variance analysis reports with recommendations for corrective action to management.
- Collaborate with other departments to ensure budget compliance and support financial decision- making.
Compile Financial Reports
- Prepare monthly, quarterly, and annual financial statements in accordance with regulatory requirements.
- Analyze and interpret financial data to provide insightful reports to senior management for decision-making.
- Ensure all reports are accurate, timely, and compliant with relevant accounting standards.
- Liaise with internal and external auditors, providing necessary documentation, clarifications, and reconciliations.
- Assist in preparing regulatory submissions and ensure deadlines are met
Advise on Financial Procedures
- Assist in the development and implementation of budgetary, accounting, and internal control policies.
- Regularly review and update Standard Operating Procedures (SOPs) to reflect best practices and regulatory changes.
- Provide guidance and training to finance staff on policy changes and financial procedures.
- Ensure compliance with statutory and company requirements in all financial processes.
Optimization of Reporting Deadlines
- Ensure all financial and management reports are prepared accurately and submitted on schedule.
- Identify opportunities to streamline processes and improve reporting efficiency.
- Maintain a reporting calendar to track deadlines and deliverables across the finance team.
- Proactively address potential delays to avoid missed deadlines.
Team Management
- Lead, mentor, and develop a team of finance professionals to achieve departmental goals.
- Identify skills gaps and provide training, coaching, and development opportunities.
- Promote a collaborative and high-performance work environment.
- Resolve operational and personnel challenges effectively, maintaining team morale and productivity.
- Set clear objectives and conduct regular performance reviews to monitor progress and accountability.
Managing Agreed Upon Projects
- Take ownership of finance-related projects and initiatives assigned by management.
- Plan and execute projects with clearly defined timelines, deliverables, and budgets.
- Ensure timely and accurate completion of projects while maintaining high-quality standards.
- Monitor project progress, identify risks, and implement mitigation strategies.
- Provide regular updates to management on project status, outcomes, and financial impact.
- Where the job will be performed
- Benoni Branch
Essential Qualifications
- Matric / Equivalent.
- BCom in Finance, Accounting, or related field from a recognized tertiary institution.
- Academic grounding in financial management, accounting principles, and business administration.
Desirable Qualifications
- CA(SA) designation or equivalent professional accounting qualification.
- Additional certifications in financial management, corporate governance, or risk management.
- Professional development courses in leadership, strategic financial planning, or insurance finance.
Essential Experience
- Minimum of 5 years of progressive experience in financial management, preferably in a corporate environment.
- Hands-on experience in budget preparation, financial reporting, and variance analysis.
- Proven experience in leading finance teams, including mentoring and performance management.
- Demonstrated ability to implement financial controls and ensure compliance with internal policies and statutory requirements.
- Experience in forecasting, financial modelling, and strategic financial planning.
- Exposure to audits, reconciliations, and regulatory reporting.
Desirable Experience
- Experience in the insurance or financial services industry, with knowledge of relevant regulations and reporting standards.
- Familiarity with insurance products, policies, and actuarial principles.
- Experience working with financial software or ERP systems commonly used in the insurance sector.
- Participation in cross-functional projects or initiatives within a regulated financial environment.
Knowledge and Skills
- Strong leadership and management skills to guide and develop a finance team effectively.
- Excellent communication and interpersonal skills for engaging with stakeholders at all levels.
- Active listening skills to understand and resolve issues accurately.
- Exceptional financial management and analytical skills, including budgeting, reporting, and forecasting.
- Strong problem-solving skills to address operational and financial challenges.
- Effective time management, planning, and organizational skills to meet deadlines.
- Ability to interpret and analyse complex data to support strategic decision-making.
Attributes
- Strong attention to detail and commitment to accuracy.
- Ability to make supporting decisions independently within delegated authority.
- Innovative and able to propose improvements to processes and systems.
- Resilient and able to perform under high-pressure situations.
- Honest, Hardworking and Humble
Desired Skills:
- financial management
- budget preparation
- financial reporting
- audits
- reconciliations
- strategic financial planning
