POSITION TITLE: Financial Director

DEPARTMENT: Finance

ACCOUNTABLE TO: Managing Director

EMPLOYMENT EQUITY: Recruitment done in accordance with EE targets

INDUSTRY: Financial Services

POSITION TYPE: Permanent SALARY: Market-Related

The purpose of this role is to lead business & its development through collaboration with the Executive Team, Board of Directors, & finance team. To direct, add value & enable business decisions through strong leadership capabilities, exceptional strategic thinking, & attention to detail. The role requires an understanding of South African financial & compliance regulations.

The role will report to the Managing Director of the division & have three direct reports.

Main activities will include:

Overall responsibility & oversight of the divisions financial department & results.

Responsibility for all financial matters, including management & financial reporting; budget development, planning & analysis, billing, debtors, creditors & fund accounting.

The management of operational matters, including directing of staff & monthly payroll.

Leading financial processes while ensuring cost containment & financial discipline, effective management of internal & external audit.

Strategic Financial Leadership:

Lead the development & implementation of the division’s financial strategy in alignment with business objectives.

Advise the executive team & board on financial planning, forecasting, & risk management.

Champion projects that have broad implications across the organisation by aligning & influencing all key stakeholders.

Provide key insights to support business growth, acquisitions, & other strategic initiatives.

Participation in board, executive & insurance fund committees.

Financial Management & Reporting:

Oversee accounting standards selected & implemented by the organisation.

Oversee the preparation of accurate & timely financial statements & other financial reporting in compliance with IFRS (International Financial Reporting Standards) & relevant South African regulations.

Ensure the integrity of the division’s financial reporting, including monthly, quarterly, & annual financial statements & other financial reports.

Identify & implement best practice management; provide strategic insight on the content of reports.

Select & drive the development of appropriate financial & operational indicators.

Analysis, forecasting & budgeting:

Lead budgeting & forecasting processes & ensure financial plans are aligned with business objectives.

Set standards for business analysis to support strategic direction & comparison; develop & implement finance solutions to complex & high-value commercial decisions including risk & business delivery.

Financial Process, Control, Compliance & Risk Management:

Analysis of insurance product performance & interact with actuaries.

Ensure compliance with local tax laws, financial regulations, & governance standards in South Africa.

Manage internal controls & implement best practices to mitigate financial risks.

Identify & manage financial risks & ensure the development of appropriate risk management frameworks.

Oversee the auditing process & liaise with external auditors, tax department, & other regulatory bodies.

Set demanding & realistic targets for process improvement & ensure changes to existing processes are carried out in a systematic & logical way.

Team Leadership & Development:

Lead, mentor, & develop the finance team, fostering a high-performance culture.

Ensure proper staff training, performance evaluations, & succession planning within the finance department.

Critical thinking & inquisitive nature. An entrepreneurial spirit. Strong analytical ability to interpret financial information, attention to detail. Ability to multi-task, cope under pressure, & succeed in a high-performance culture. Strong operational finance & people management experience. Strong focus on ensuring internal controls are in place to mitigate risk & ensure the safeguarding of business assets. Experience with business & financial systems. Strong ability to adapt to change. Strong verbal & written communication. Strong MS Office skills. Good current-day knowledge of IFRS. Experience in a leadership role in a similar environment. Experience in the motor or insurance industry will be advantageous. CA (SA) & 10 years post articles; preferably worked across industries including financial services Experience in Financial Risk Management in insurance sector. Experience with governance, policies, & financial controls. Clear criminal and credit records. Own and live up to the Company values. Attend training initiatives to improve work quality and enhance own skills.

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