Job Description

The Executive: Finance (PD and SI - Partnership Development and Social Insurance) will be responsible for the financial reporting and operational finance aspects of the business area(s). This will entail overseeing the internal and external reporting processes, as well as conducting the necessary business insights analysis for PD and SI. The incumbent will also be responsible of implementing finance change initiatives and building a best-in-class Finance division that will provide timely and intelligent insights, as well as transactional support, to help RMA become a Business of Significance.

WHAT WILL YOU DO?

Financial Reporting



Manage the reporting department to ensure sound financial control, adherence to policies, secure and



accurate financial reporting



Provide financial reports and interpreting financial information to managerial staff while recommending



further courses of action



Provide risk management with inputs for qualitative regulatory returns; Continuous process improvement



Address queries regarding IFRS accounting treatment



Review Internal Processes and ensure adequate system of Internal Control



Review the Group annual financial statements ensuring compliance with latest standards





Success Measure


AFS Monthly management accounts Clean control environment


Financial Analysis



Compile key business metrics and report on them to management



Maintain the overall financial health of the organisation by monitoring and evaluating the profitability



Review the performance of competitors and report on key financial benchmarking analyses



Interpret the company's financial results to management and recommend improvement activities



Create additional analyses and reports as requested by management



Develop trends and projections for the companies finances



Review all WIP variances and where necessary revise standard or average costs as necessary.



Produce key financial ratios for the Group as well as statistical information



Analyse costs, pricing, variable contributions, sales results and the company's actual performance



compared to the business plans





Success Measure
Monthly finance EXCO reports Analyses reports Budget


3. Budgeting and Business Planning



Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis



Manage the preparation of the company's budget



Ensure information is collated for budget planning process



Review and monitor cost data accumulation within the business and to ensure that the Ability accounting system is aligned to provide an appropriate level of costing information to management



Management the process of collation of strategic projects and their impact on the budget



Assist the business in managing capacity requirements and the impact on the budget





Success Measure
Approved budget and forecasts Input on the strategy


Management Of Costs And Analyses



Participate in target costing activities to create products that meeting predetermined price goals



Engage in benchmarking studies to establish areas of potential operational improvement In collaboration with the Actuarial team, assist in the determination of product pricing in relation to features offered and competitor pricing



Review cost model and ensure correct % and products used and taken into account for shared services, between the different entities



Review the analysis of different cost drivers for the insurance business and administration expenses and sign off reports and recommendations





Success Measure
Approved budget and forecasts Input on the strategy


Oversee Efficient Financial Operations Areas



Ensure adequate internal process to ensure efficient transactional operations



Develop adequate KPI's to monitor appropriate delivery and ensure compliance to legislative requirements for procurement, COIDA ACT membership collection



Premium collections and retentions targets maintained





Success Measure
Clean control environment Achievement of growth targets


Provide Financial Expertise In The Identification Of New Business/Investment Opportunities



As and when required, report on investment opportunities, analyse feasibility of opportunities and provide recommendations to management on profitability of new investment opportunities.



Collect and analyse data of present and past investments and operations, trends and costs, estimated and realised revenues, administrative commitments etc.



Develop and use high quality financial modelling to assess and predict outcomes, financial risks and returns of investment decisions



Provide expertise by conducting feasibility studies for business expansion and new business acquisitions



Conduct valuations for Mergers & Acquisitions (M&A) if and when required in conjunction with the Corporate Finance Specialist



Prepare and present proposals/business cases, pitches and/or formal presentations to senior management on investment/ capital allocation opportunities



Partner with the Corporate Finance Specialist to provide investment advice and recommendations to the Executive Committee, Shareholders and Board on how to meet targets, use and allocate excess capital (including but not limited to merger and acquisition initiatives, potential opportunities, and financial due diligence)



Develop and use high quality financial modelling to assess and predict outcomes, financial risks and returns of investment decisions



Provide expertise by conducting feasibility studies for business expansion and new business acquisitions



Conduct valuations for Mergers & Acquisitions (M&A) if and when required in conjunction with the Corporate Finance Specialist



Prepare and present proposals/business cases, pitches and/or formal presentations to senior management on investment/ capital allocation opportunities



Partner with the Corporate Finance Specialist to provide investment advice and recommendations to the Executive Committee, Shareholders and Board on how to meet targets, use and allocate excess capital (including but not limited to merger and acquisition initiatives, potential opportunities, and financial due diligence)



Provide input into commercial partner agreements by structuring the financial aspects thereof Negotiate and structure financial details



Partner with the Corporate Finance Specialist in advising on investment activities and provide strategies that the company should take





Success Measure
Business Cases to the Audit Comm and EXCO Acquisition valuations Partnerships and new product pricing


Staff Management and Leadership



Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met



Provide leadership and guidance to the finance team to provide efficient customer service to internal and external users of financial information



Success Measure



Achievements of set targets and objectives





Legal and Compliance



Liaise with auditors to ensure appropriate monitoring of company finances is maintained



Identify risks that could have financial implications for the company and provide business advise at all levels of the company



Ensure ongoing compliance to all relevant legislation and statutory requirements





Success Measure
Clean audit reports Compliance




Ad Hoc Projects



Assist and provide related finance reporting support for any ad hoc projects as and when required

WHAT YOU'LL BRING TO THE TABLE?

Undergraduate Degree / Honours Tertiary Degree NQF BCom with Articles



Level 7: BCom with Articles CA (SA)



Minimum Experience: 10 years post qualification experience, of which at least 5 years in a Senior Managerial level, commercial awareness & strong analytical skills, experience in a Regulated Financial Services firm



Preference will be given to candidate with experience in the life insurance space.



Proven track record in strategic financial planning, risk management, and regulatory compliance.

WHAT WILL YOU GET IN RETURN?

We offer great opportunities for personal and professional development in a stable company that's 130 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. Kindly note that should you not receive a response within 21 days please consider your application unsuccessful.




Undergraduate Degree / Honours Tertiary Degree NQF BCom with Articles



Level 7: BCom with Articles CA (SA)



Minimum Experience: 10 years post qualification experience, of which at least 5 years in a Senior Managerial level, commercial awareness & strong analytical skills, experience in a Regulated Financial Services firm



Preference will be given to candidate with experience in the life insurance space.



Proven track record in strategic financial planning, risk management, and regulatory compliance.