Job Description

Introduction

Through our client-facing brands Metropolitan and Momentum, with Momentum Multiply (our wellness and lifestyle rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.

We help people grow their savings, protect what matters to them and invest for the future. We help companies and organizations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilizing new platforms Momentum Metropolitan provides practical financial solutions for people, communities, and businesses. Visit us at www.momentummetropolitan.co.za

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Manage the finance function through professional and ethical financial practices and services that provide quality and accurate financial information and financial reporting in order to support and enable business processes and decision-making.

Requirements

5 - 8 years' experience in financial management (essential)
5 - 8 years' experience in managing people (essential)
CA SA / CIMA (Advantageous)
Relevant industry experience (desirable)

Duties & Responsibilities

INTERNAL PROCESS

Deliver to the Head of Finance monthly accurate and relevant management reports and analysis that add value and offer insights on:
the financial results of the Support Areas and Momentum Digital Connect.
key financial performance indicators.
return on investment for key growth initiatives.
internal financial controls.
Manage the accuracy, validity and authorisation of journals processed within the area of responsibility.
Manage the creation and maintenance of records on the financial management system to ensure the accuracy and integrity of financial records and documents.
Manage the resolutions of financial queries.
Facilitate and manage the budgeting process and evaluate budget information received and discuss errors or omissions with stakeholders.
Proactively engage with the Head of Finance and business to forecast future expenses and identify solutions to enhance cost effectiveness and increase operational efficiency.
Development and maintenance of budget and forecast manex frameworks.
Provide consolidated reporting for the Momentum Retail expenses for the support areas and Momentum Digital Connect as well as Consolidated views for Mom Retail results including GWS.
Manage the consolidate headcount for Mom Retail and provide consolidate reporting of Headcount for Mom Retail on a monthly basis.
Document all business drivers that impact financial results (revenue and expenses), which may be applied to financial analysis.
Support financial discipline of the business unit by making recommendations to improve cost management where relevant. Also manage Cost optimisation and monitoring.
Lead role for the development of the company's financial and GL module within the line of business system.
Internal and external collaboration with key stakeholders
Effective balance sheet management and manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
Contribute towards the development of financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
Monthly internal financial control reporting for all financial processes across the business unit
Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.
Keep abreast of trends, legislation and best practices within the financial management field in order to optimise service offering and delivery.
Finance lead for various financial projects providing guidance as well as practical solutions for problems identified.
Support the ET process. Maintenance and analysis of the Mom Retail charges and recoveries processed on the Expense Tool for budgets, actuals and forecasts for the support areas and Momentum Digital Client.
Understanding and balancing intercompany loans once charges and recoveries are complete.
Manage the implementation and adherence to financial controls on all line of business and financial systems and ensure that authorisation levels are adhered to and raise exceptions with the relevant stakeholder.
Staff Management and development.

CLIENT

Build and maintain relationships with clients and internal and external stakeholders.
Define service practices which builds rewarding relationships, encourages innovation and allows others to provide exceptional client service.
Deliver on service level agreements made with clients and internal and external stakeholders in order
Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

PEOPLE

Manage and maintain stakeholder relationships between business and centralised Group Finance, to ensure alignment and collaboration.
Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.
Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth.
Effectively manage performance within the team in order to ensure business objectives are achieved.
Encourage innovation, change agility and collaboration within the team.
Support the building of the team's capability in order to ensure that the team is equipped to strategically partner with business and provide leading solutions.

FINANCE

Assist with the design, implementation and consistent improvement of financial frameworks through engagement with stakeholders within the business unit and across Momentum Group Limited.
Provide useful and relevant financial dashboard and reports, including trend analysis and insights to support management action and decision making in finalising financial forecasting and projections
Understand business and it's value chain
Align the expense management process of the business unit with Momentum Group Limited expectations ensuring all financial reporting tools and expense allocation models are updated within required timeframes with appropriate and correct input.
Ensure effective financial controls are implemented to protect the business unit from financial losses and implement actions to mitigate the current and any future such losses.
Ensure appropriate statutory accounting aligned with IFRS and reconciliations are being performed and outstanding matters are followed up on timeously

Competencies

Stakeholders

Stakeholder management
Presentation skills
Problem-solving skills
Analytical skills
Technical accounting skills
People management skills

Behavioural Competencies

Providing Insights
Making Decisions
Managing Tasks
Empowering Individuals
Interpreting Data
Developing Expertise
Meeting Timescales
Directing People
Examining information
Adopting Practical Approaches
* Upholding Standards