A key player in the automotive insurance sector is seeking a highly skilled and experienced Finance Manager to oversee and drive the financial operations of the business. The ideal candidate will have a strong background in financial management, reporting, and strategic decision-making within the insurance or automotive-related financial services environment. This is an excellent opportunity for a proactive finance professional to contribute to the growth and efficiency of a leading organization in the industry.
Responsibilities
General Accounting & Financial Management
Oversee and manage the day-to-day financial operations of the business within the automotive insurance environment.
Prepare budgets, forecasts, and monthly flash results to support operational and actuarial planning.
Conduct Gross Profit (GP) and claims cost analysis to support underwriting and pricing decisions.
Prepare and present monthly management reports and financial statements in line with insurance reporting standards.
Develop and implement financial strategies aligned to business objectives, including premium management and claims expenditure control.
Manage and approve credit notes, ensuring proper alignment with policy adjustments and customer accounts.
Monitor cash flow, budgets, and forecasts, providing recommendations to improve financial performance and operational efficiencies.
Ensure compliance with regulatory requirements (e.g., FSCA, IFRS 17 exposure) and maintain strong internal controls.
Lead cost-optimization initiatives across claims, commissions, and operational spend.
Supervise, mentor, and develop the finance team to ensure high performance.
Provide financial support to operational, underwriting, and claims departments.
Review payroll outputs and perform variance/accuracy analysis.
Oversee cashbook management and daily banking activities.
Manage annual rate reviews and implement premium or pricing adjustments.
Debtors & Creditors Management
Direct and supervise the Accounts Receivable and Accounts Payable functions.
Manage debtor age analysis, premium collections, and invoice submissions to brokers and partners.
Oversee allocation accuracy for premiums, recoveries, and payments.
Approve credit limits and credit notes, ensuring alignment with underwriting guidelines.
Manage intercompany creditors within multi-entity insurance structures.
Review payments and reconciliations for all third-party creditors, including brokers, assessors, and service providers.
Requirements
Bachelor of Commerce (BCom) Degree in Accounting, Finance, or a related field.
Bachelor of Commerce Honours (BCom Hons) in Accounting, Finance, or a related discipline.
Completed SAICA or SAIPA Articles, demonstrating professional accounting competency and adherence to South African auditing and financial reporting standards.
Minimum 5 years' experience in financial management, preferably within insurance, financial services, or automotive-related sectors.
Strong knowledge of financial reporting, analysis, and strategic financial planning.
Proven ability to drive informed financial decision-making across underwriting, claims, and operations.
Advanced proficiency in financial systems and MS Excel.
Excellent communication, leadership, and stakeholder management skills.
Strong attention to detail with solid problem-solving abilities.
Benefits
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