Group Finance Manager - CA (SA)

About the position

The Group Finance Manager is responsible for managing and coordinating the work of the Finance department comprised of Accounting, Treasury, Conservation and Revenue Collection/ distribution. Manage and lead a team through difficult periods including month end, year end audits and annual budgeting.
Key Performance Areas

• Financial Planning and Analysis: Assisting in developing financial plans, budgets, and forecasts to support the company's strategic goals.
• Financial Reporting: Ensuring accurate and timely preparation of financial statements and reports for internal and external stakeholders.
• Risk Management: Identifying and mitigating financial risks, ensuring compliance with regulations and implementing internal controls.
• Cost Management: Monitoring and optimizing expenses to enhance the company's financial performance.
• Cash Flow Management: Managing cash flow and liquidity to meet operational needs and financial obligations.
• Financial Strategy: Contributing to the development and execution of financial strategies aligned with organizational objectives.
• Stakeholder Management: Collaborating with various departments, auditors, and investors to communicate financial information effectively.
• Team Leadership: Supervising and supporting the finance team to achieve departmental goals.
• Tax and Regulatory Compliance: Ensuring compliance with tax laws and other financial regulations.
• Assist in the preparation of financial information required for monthly management meetings. Audit Committee packs, quarterly board packs and those required by various regulatory bodies e g Prudential Authority.

 
Tasks
Financial Planning and Analysis

• Assisting in developing financial plans, budgets, and forecasts to support the company's strategic goals
• Undertake strategic analysis and assist the FD with strategic planning and development of the annual and medium term plans and strategic objectives
• Accountable for timeous preparation of management accounts and financial reports and record keeping for the enterprise

Financial Reporting

• Ensuring accurate and timely preparation of financial statements and reports for internal and external stakeholders.
• Assist in the preparation of financial information required for monthly management information.
• Oversee vat and provisional tax computations.

 
Risk Management

• Identifying and mitigating financial risks, ensuring compliance with regulations and implementing internal controls
• Adhere to all regulatory requirements of all statutory bodies in conjunction with the Head of Compliance
• Develop and implement financial/accounting policies and internal controls in conjunction with the FD
• Responsible for internal and external audit liaison

 
Cost Management

• Monitoring and optimizing expenses to enhance the company's financial performance
• Oversee accounts payable and accounts receivable functions

 
Cash Flow Management

• Managing cash flow and liquidity to meet operational needs and financial obligations
• Review of accounts and investigation of variances and set recovery plans
• Involvement in commercial negotiations with banks and service providers

 
Revenue Collections

• Oversee the collection and distribution functions of the business together with the revenue team

 
Stakeholder Management

• Collaborating with various departments, auditors, to communicate financial information effectively

 
Team Leadership

• Supervising and supporting the finance team to achieve departmental goals
• Provide leadership, direction and management to the finance, revenue and accounting team

 
Tax and Regulatory Compliance

• Ensuring compliance with tax laws and other financial regulations

 
Essential Qualifications

• CA (SA)

 
Essential Experience

• 5 years or more Financial Services Managerial Experience
• Strong budgeting and finance experience in a corporate environment
• Numerical and information analysis experience for financial purpose
• Exceptional communication skills at all levels
• Ability to handle high levels of pressure and critical decision making
• Leading a team of financial specialists and Supervisors
• Multiple revenue systems and cash management
• Assets Management
• Developing and executing Financial Management policies

 
Desirable Experience

• 3 years or more experience in the Insurance Industry environment preferably with an understanding of IFRS17

 
Knowledge and Skills

• Excellent negotiator and communicator
• Active listening skills
• Good people skills
• High work ethic
• Good time management
• Analytical skills
• Team player
• Results driven and collaborative working skills

 
Span of Control

• Finance Team

Desired Skills:

• IFRS17
• Insurance Industry
• Financial Services Manager
• CA (SA)
• Assets Management