We are seeking an experienced Financial Manager
As a key member of our organization, you will play a pivotal role in overseeing financial operations, driving strategic initiatives, and contributing to the overall financial health and success of the company. If you are a seasoned financial professional with a proven track record of excellence, we invite you to apply and be part of our dynamic and forward-thinking team.
Duties & Responsibilities
Responsibilities and Duties
- Manage the financial management process of the business including timeous and insightful commercial reporting, accurate and timely submission of statutory, tax and other returns.
- Preparation of budgets and forecasts and monitoring of financial, strategic and operational KPI's.
- Ensure the recording and reporting of transactions (valid, accurate and complete) to measure the financial performance as well as reflect the financial position of the company.
- Manage the Internal Control Environment, ensuring a robust control environment in order to protect company assets and enable accurate and complete financial reporting.
Reporting
- Report on the financial performance and position of the business to BSure Africa management, the group management, regulatory authorities and relevant stakeholders as required.
- Ensure accurate and timely preparation of the Annual Financial Statements of BSure Group Holdings.
- Oversee input into the interim and annual reports of the group.
- Prepare the financial reports for the BSure Group Holdings board of directors.
- Ensure complete and accurate recording of revenue and expenses in the general ledger (allocations, timing etc) and monitor expenses to budget and forecast.
- Manage expenses through authorisation, adjusting or redirecting expenditure.
- Ensure monthly processes are completed in a timely manner, for reporting and close off to comply within the group deadlines.
- Review and improve revenue and expense recording processes where relevant.
- Track performance of the business against target via dashboards and KPI measurements.
- Ensure complete and accurate recording of reserves in the general ledger.
- Look for operational efficiencies within the company leading to cost saving opportunities.
Maintain Internal Controls
- Ensure the operating effectiveness of internal controls (finance and business where a breakdown in controls may result in a negative financial impact).
- Design and implement controls where controls are absent and/or deficient.
- Prepare and support the business where appropriate for internal and external audits.
- Address audit findings relating to finance and ensure that adverse findings relating to other business areas are addressed by the relevant Manco member.
- Ensure documentation is maintained and adhered to for accounting policies, limits of authority and accounting procedures and controls.
Taxation
- Assist in the accurate computation of tax for BSure Group Holdings.
- Create plans to obtain tax efficiencies.
- Ensure adequate controls on tax computation and processes.
- Ensure the accurate and timely submission of tax returns of BSure Group Holdings.
Ensure Solvency of the Business
- Monitor the solvency and capital adequacy of BSure Group Holdings.
- Analyse underlying drivers of capital and solvency, identify necessary structural changes for the long-term solvency of the business.
- Provide input to Group team on solvency and Solvency Capital Requirement.
- Ensure timely and accurate reporting to the regulator regarding solvency.
Working Capital and Cash Flow
- Manage and monitor the working capital cycle and ensure that the business has sufficient liquidity to meet obligations including distributions to the companies within BSure Group Holdings.
Budget and Forecasts
- Responsible for the budget and forecast process in line with the requirements of BSure Group Holdings.
- Compile the budget presentation within the timeframes stipulated.
- Communicate the final revenue and expense and forecast to all department relevant managers.
- Constantly assess the budget and forecast process and implement improvements where necessary.
Leadership and People Management
- Ensure team and individual objectives are defined and measurable, and that they are aligned to the organisational objectives.
- Manage, support, inform, mentor, motivate and develop the finance team.
- Promote a high-performance culture.
- Continuously improve general employee retention and engagement to optimise people productivity.
- All meetings/conference should be adequately prepared for: put actions plans together; discuss challenges, PowerPoint presentations, etc.
- Attend all meetings and action/follow up on minutes from all meetings and or conferences.
- All other assigned duties.
Desired Experience & Qualification
- Registered Chartered Accountant (CA) in South Africa
- 3 - 5 years post qualifying experience
- Experience in managing a diverse team
- Articles completed at one of the big four is advantageous
- Financial services experience or experience working in the insurance sector is beneficial
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