Head Of Finance Bedfordview

We are seeking an experienced Financial Manager

As a key member of our organization, you will play a pivotal role in overseeing financial operations, driving strategic initiatives, and contributing to the overall financial health and success of the company. If you are a seasoned financial professional with a proven track record of excellence, we invite you to apply and be part of our dynamic and forward-thinking team.

Duties & Responsibilities

Responsibilities and Duties

• Manage the financial management process of the business including timeous and insightful commercial reporting, accurate and timely submission of statutory, tax and other returns.
• Preparation of budgets and forecasts and monitoring of financial, strategic and operational KPI's.
• Ensure the recording and reporting of transactions (valid, accurate and complete) to measure the financial performance as well as reflect the financial position of the company.
• Manage the Internal Control Environment, ensuring a robust control environment in order to protect company assets and enable accurate and complete financial reporting.

Reporting

• Report on the financial performance and position of the business to BSure Africa management, the group management, regulatory authorities and relevant stakeholders as required.
• Ensure accurate and timely preparation of the Annual Financial Statements of BSure Group Holdings.
• Oversee input into the interim and annual reports of the group.
• Prepare the financial reports for the BSure Group Holdings board of directors.
• Ensure complete and accurate recording of revenue and expenses in the general ledger (allocations, timing etc) and monitor expenses to budget and forecast.
• Manage expenses through authorisation, adjusting or redirecting expenditure.
• Ensure monthly processes are completed in a timely manner, for reporting and close off to comply within the group deadlines.
• Review and improve revenue and expense recording processes where relevant.
• Track performance of the business against target via dashboards and KPI measurements.
• Ensure complete and accurate recording of reserves in the general ledger.
• Look for operational efficiencies within the company leading to cost saving opportunities.

Maintain Internal Controls

• Ensure the operating effectiveness of internal controls (finance and business where a breakdown in controls may result in a negative financial impact).
• Design and implement controls where controls are absent and/or deficient.
• Prepare and support the business where appropriate for internal and external audits.
• Address audit findings relating to finance and ensure that adverse findings relating to other business areas are addressed by the relevant Manco member.
• Ensure documentation is maintained and adhered to for accounting policies, limits of authority and accounting procedures and controls.

Taxation

• Assist in the accurate computation of tax for BSure Group Holdings.
• Create plans to obtain tax efficiencies.
• Ensure adequate controls on tax computation and processes.
• Ensure the accurate and timely submission of tax returns of the BSure Group Holdings.

Ensure Solvency of the Business

• Monitor the solvency and capital adequacy of BSure Group Holdings.
• Analyse underlying drivers of capital and solvency, identify necessary structural changes for the long-term solvency of the business.
• Provide input to Group team on solvency and Solvency Capital Requirement.
• Ensure timely and accurate reporting to the regulator regarding solvency.

Working Capital and Cash Flow

• Manage and monitor the working capital cycle and ensure that the business has sufficient liquidity to meet obligations including distributions to the companies within BSure Group Holdings.

Budget and Forecasts

• Responsible for the budget and forecast process in line with the requirements of BSure Group Holdings.
• Compile the budget presentation within the timeframes stipulated.
• Communicate the final revenue and expense and forecast to all relevant department managers.
• Constantly assess the budget and forecast process and implement improvements where necessary.

Leadership and People Management

• Ensure team and individual objectives are defined and measurable, and that they are aligned to the organisational objectives.
• Manage, support, inform, mentor, motivate and develop the finance team.
• Promote a high-performance culture.
• Continuously improve general employee retention and engagement to optimise people productivity.
• Attend all meetings and action/follow up on minutes from all meetings and/or conferences.
• All other assigned duties.

Desired Experience & Qualification

• Registered Chartered Accountant (CA) in South Africa
• 3 - 5 years post qualifying experience
• Experience in managing a diverse team
• Articles completed at one of the big four is advantageous
• Financial services experience or experience working in the insurance sector is beneficial

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