Chief Financial Officer

time left to apply End Date: April 18, 2025 (5 days left to apply)

job requisition id R31710

Job Description

Lead and manage the overall finance portfolio/s for the Business Unit, ensuring professional and ethical financial standards, practices and governance, and a cohesive finance service offering that is aligned to the Business Unit and Segment strategies. Determine and direct financial strategy for the Business Unit in partnership with the CEO and Exco.

Serve as an active member of the senior-management team, providing specialist support and advice that guides business decision making for short- and long-term performance and growth of the Business Unit, and ensure that financial transactions, policies and procedures meet business objectives and regulatory body requirements.

• Continuously assess own performance, seek timely and clear feedback and request training and development where appropriate.
• Provide stewardship of the overall business portfolio ensuring business integrity, financial health and control.
• Practice sound and ethical financial management through the technical application of financial, accounting and business knowledge.
• Monitor and enforce effective control, governance and compliance procedures to prevent and reduce financial losses.
• Manage people by executing line manager responsibilities and create an environment that encourages employee growth and performance delivery.
• Lead projects, overall performance and strategic direction of the relevant area/function.
• Engage and communicate effectively with relevant colleagues, regulators, auditors and other stakeholders.
• Effectively partner with the business and assume a strategic role in the overall management of the business.
• Draw up a budget aligned to tactical delivery plans, monitor effectiveness and report on variances.
• Develop financial strategies and supporting frameworks and execute defined strategies by translating them into financial operations.
• Develop and nurture internal relationships within the business enabling collaboration.
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.
• Control expenditure planning and reporting in area of responsibility, within approved budget parameters.
• Increase operational efficiency and suggest solutions to enhance cost effectiveness.
• Develop and run costing model to establish alignment.
• Control costs for functional/business area(s).
• Plan, implement, manage and report on cost effectiveness and communicate or escalate any variances.
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
• Define financial frameworks / structures which ensure control and governance.
• Formulate and implement finance strategies, objectives, policies and procedures for the business, effectively cascading these down to ensure achievement of financial objectives.
• Direct and oversee the end to end finance function and operations, ensuring healthy financial management and balancing short-term delivery, such as managing liquidity and profitability, with long-term vision and sustainable business success.
• Provide insights and analysis to support the business strategic planning.
• Ensure business decisions are grounded in sound financial criteria.
• Articulate the underlying assumptions and drivers that guide estimates of future performance.
• Represent the business's progress on strategic goals.
• Develop effective partnerships with relevant stakeholders, creating a common vision and view of organisational performance, challenges and opportunities.
• Ensure the effective management of processes for financial forecasting, budgets, consolidation and reporting.
• Ensure credibility of the relevant area/function by providing timely and accurate analysis of budgets, financial trends and forecasts.
• Lead key projects and initiatives in relevant area/function that support overall strategic goals.
• Ensure efficient and productive use of information systems, processes and controls.
• Develop understanding the critical business issues, drivers and business model in order to align the relevant area/function's strategy to business strategy for growth and efficiencies.
• Sign-off on Business Unit priorities for account plans. Set and communicate segment strategy and business plans.
• Ensure relevant and useful internal and external business reporting, financial and non-financial.
• Apply knowledge of budgeting and forecasting in order to deliver effective and insightful guidance on cost management and earnings.
• Understanding relevant technical accounting, financial reporting, taxation, audit and other pertinent matters.
• Stewardship of financial resources.
• Influence and guide effective risk management and internal control systems / processes.
• Practice effective governance and corporate responsibility and ensure that the business conducts itself in accordance with relevant legal and regulatory requirements, particularly as these pertain to different accounting, tax and treasury, regulatory and legal environments across multiple jurisdictions.
• Participate in annual risk-based audit plan that appropriately identifies and considers the relevant and evolving business risks facing the organisation.
• Demonstrate ethical leadership and business integrity.

In addition to the above, you are required to have the below:

• Industry Expertise: Extensive experience in the payments industry, with a deep understanding of its complexities and rapid changes.
• Financial Leadership: Proven track record of financial stability and performance, with strong accounting and financial management skills.
• Regulatory Knowledge: Ability to navigate and adapt to evolving regulatory environments, assessing their impact on our business model.
• Cost Optimisation: Expertise in identifying and implementing cost optimisation strategies, with familiarity in cost structures specific to the acquiring business.
• Strategic Pricing: Innovative approach to pricing strategies, analysing competitor pricing and developing solutions that differentiate our business.
• Technology Investment: Strong focus on innovation, with experience in evaluating and prioritizing investments in new payment technologies.
• Leadership and Alignment: Ability to lead the finance team, align with the Exco team, fostering strong internal and external relationships to drive the business forward.
• Proven Experience: Extensive experience in a CFO role, preferably within the payments industry.
• Demonstrated Success: Proven ability to implement innovative pricing and cost optimization strategies, and lead financial strategies to drive business growth.
• Key Skills: Strong understanding of regulatory environments and cost structures in the payments industry, along with excellent leadership, communication, and relationship-building skills.

Qualifications and Experience

• 8 years' relevant experience
• Finance Degree Hons (BCom Hons or Similar)
• CA(SA) or CIMA
• Financial Industry Experience

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Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

18/04/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.