Job Description

Closing Date 2023/12/04
Reference Number MMH230327-7
Job Title Financial Manager
Position Type Permanent
Role Family Finance
Cluster Momentum Investments
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
Introduction

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and 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 organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities and businesses.
Role Purpose

The purpose of this role is to develop and manage a best practice framework for the Finance function that fulfils a statutory, financial management reporting and compliance function to Investments and Savings.
Requirements

• CA (SA) with post articles experience: 5 yearsxe2x80x99 experience in a similar role, in the financial services sector.

• Proficient with IFRS and corporate tax.

• Experience in insurance accounting/tax will be beneficial.

• Thorough understanding of the Investments and Savings industry.

• Exposure to the requirements of the new Solvency Assessment and Management regulatory regime.

• Strong technical accounting and tax knowledge.

• Ability to design and implement accounting processes and internal controls.

Duties & Responsibilities

Perspective: Process

• Develop, plan for, implement and take accountability for the strategy and operating model of the Finance function, in execution of the Investments and Savings strategy.

• Establish governance systems and take accountability for the effective implementation of corporate governance within the finance area.

• Establish and take accountability for internal financial monitoring, reporting and auditing frameworks.

• Ensure robust operational and tax processes are embedded in the business to adhere to all tax legislation.

• Facilitate delivery of financial and administrative support services to Investments and Savings, particularly:

• Financial control.

• Budgeting and forecasting.

• Revenue collection and recording.

• Prepare financial statements for each financial year and ensuring compliance with all relevant statutory requirements, regulations and standards.

• Perform the tax calculations and returns of statutory entities.

• Manage, prepare and present the annual budget process.

• Liaise with external and internal auditors and co-ordinate reports.

• Prepare and present management reports in a format that will assist the business in reaching its stated operational goals.

• Where possible, ensure that service delivery is automated, efficient and scalable.

• Act as the custodian to ensure compliance to Finance governance, relevant legislation and risk mitigation strategies.

Perspective: Finance

• Ensure that the Finance functionxe2x80x99s strategy and operating model is adequately budgeted for through the development and implementation of a fit for purpose budget.

• Continuously search for cost saving initiatives that will support business growth and profitability.

• Developing and maintaining financial management policies, procedures, processes and systems to promote efficiency in the finance function.

• Oversee all accounts, ledgers, and reporting systems and ensure compliance with appropriate accounting standards, regulatory and audit requirements.

Perspective: People

• Ensure that all the Finance team members consistently discharge their duties in terms of the financial processes.

• Develop, implement and manage a People Capability plan that ensures that the Division has the human resources and skills required to deliver on the strategy for the short-, medium- and long term.

• Develop an empowered employee and specialist structure set in the context of delegation and accountability.

• Identify, attract, appoint, grow, engage, reward and retain top talent to drive strategic execution.

• Identify, develop, embed and demonstrate aligned values that drive and support the required behaviour to achieve the articulated vision and strategy.

• Demonstrate leadership behaviour of personal involvement, commitment and dedication to the business area in support of the organisationxe2x80x99s culture.

• Communicate a meaningful strategic context to apply people best practice, fostering an environment of continuous learning and improvement.

• Provide mechanisms and support to implement major changes to the Communication function by acting as a change agent.

Competencies

• Knowledge/Skills/Attributes.

• Accountability.

• Decision making and problem solving.

• Leading and Living the Vision and Values.

• Budgeting and Budgeting Control.

• Business Knowledge.

• Financial and Accounting Control.

• Financial and Accounting Control.

• Financial Planning.

• Risk and Compliance.

• Teamwork and cooperation.

• Self-Development.

• Stakeholder engagement and Management.

Policy

We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Metropolitan