Job Description
About the Role
As a Scheme Financial Manager at Network Finance in Johannesburg North, you will be responsible for overseeing the financial health and regulatory compliance of our medical scheme. You will lead the finance function to support long-term sustainability, member value, and operational efficiency.
Key Responsibilities
- Oversee all financial reporting in line with statutory and regulatory requirements, including applicable healthcare funding legislation.
- Stay ahead of regulatory changes, industry trends, and best practices, translating impact into clear guidance for stakeholders.
- Review and present monthly management accounts, annual financial statements, and regulatory reports.
- Manage cash flow planning, funding availability, and financial instruments.
- Oversee budgeting, forecasting, auditing, and statutory reporting, including tax-related submissions.
- Develop, monitor, and continuously improve financial controls and accounting procedures.
- Ensure accurate monitoring of financial performance, accounts, and forecasts.
- Monitor solvency ratios, financial risk exposure, and other critical performance indicators.
- Oversee cash, investment, and asset management.
- Facilitate appropriate insurance coverage.
- Communicate financial risks proactively (before they turn into real problems).
- Maintain a deep understanding of scheme drivers that impact financial results.
- Analyse historical trends to support forecasting, scenario testing, target setting, and predictive modelling.
- Champion improvements in financial processes, reporting frameworks, and data quality.
Requirements
- Chartered Accountant or equivalent postgraduate qualification.
- Registered CA with the relevant professional body.
- Minimum 5 years’ experience in Financial Management.
- At least 3 years in a managerial role.
- Medical Aid / Medical Scheme industry experience is essential.
- Strong working knowledge of IFRS and regulated financial environments.
Qualifications
No qualifications mentioned.
Salary & Benefits
Salary information not provided.
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How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Gauteng
The finance and accounting sector is a significant contributor to the economy of Gauteng, South Africa, providing numerous opportunities for professionals looking to advance their careers. With major financial institutions, banks, and multinational corporations based in the province, there is a high demand for skilled finance and accounting professionals.
Salary ranges in Gauteng are generally in line with national averages, but can vary depending on factors such as industry, company size, and level of experience. According to recent job postings, average salary ranges for finance and accounting positions in Gauteng include:
R250 000 – R350 000 per annum for junior finance professionals
R400 000 – R600 000 per annum for experienced accountants
R700 000 – R1 200 000 per annum for senior finance managers
Key skills required for success in the finance and accounting sector in Gauteng include:
Financial planning and analysis
Accounting standards and compliance (e.g. IFRS)
Data analytics and reporting
Communication and interpersonal skills
Budgeting and forecasting
Risk management
Business acumen and strategic thinking
Major employers in the finance and accounting sector in Gauteng include:
Standard Bank, one of South Africa’s largest banks, with its headquarters located in Sandton, Johannesburg.
Multinational corporations such as IBM, which has a significant presence in the province, and Unilever, a leading consumer goods company.
The Johannesburg Stock Exchange (JSE), which is also based in the province and provides opportunities for finance professionals to work in investment banking and stockbroking.
Career growth opportunities are available in the finance and accounting sector in Gauteng, with many companies investing in training and development programs to support their employees’ career progression. Senior finance managers can move into executive roles, while experienced accountants can take on leadership positions or start their own businesses. Additionally, the JSE offers a range of training programs and certifications for finance professionals, such as the Certified Financial Analyst (CFA) program.
Overall, the finance and accounting sector in Gauteng presents numerous opportunities for career advancement and professional growth, with a high demand for skilled professionals and competitive salary ranges.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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