Deputy Chief Financial Officer

A Medical Insurance Company based in Benoni, Gauteng is looking for a Chief Financial Officer.
As a Chief Financial Officer, you will play a pivotal role in providing strategic financial insights, deliver on financial objectives to achieve the return on investments for the company.
The CFO will provide required leadership to the Finance team, develop investment and revenue collection strategies over and above compiling and signing off results for the Exco and the Board.
In addition, the CFO will be responsible for financial and other reporting required by the Audit Committee including corrective measures and direction provided by the Audit Committee and the Board.
The CFO will be required to provide specialised knowledge of financial accounting, financial reporting, IFRS and all related accounting practices required in the Life Assurance environment.
The company is highly regulated by the Prudential Authority and FSCA and therefore the CFO must be aware of the requirements and ensure there are mechanisms in Finance to meet the conditions set out by these regulatory bodies.
The CFO will work closely with other relevant Executives to collaborate in the achievement of the objectives of the Company.

Key Performance Areas

• Compile and sign off Annual Financial Statements.
• Gather and analyse financial information regarding the revenue and expenditure of the company.
• Advise and ensure that management is supported in planning and controlling the company’s financial activities.
• Ensure that the company is Tax compliant.
• Ensure that the company is compliant with all other relevant requirements of the oversight bodies.
• Manage assets of the company and ensure constant valuation for appreciation and depreciation.

Key Tasks

Compile and sign off Annual Financial Statements

• Develop accurate, timely, and meaningful financial statements and reports.
• Perform audit trails on selected transactions.
• Prepare financial statements and reports.
• Monitor the production of financial statements and review them on a regular basis.
• Substantiate financial transactions by auditing documents.
• Summarise current financial status by collecting information, preparing balance sheets, profit and loss statements, and other reports.

Gather and analyze financial information regarding the revenue and expenditure of the company

• Use accounting information systems to produce reports and analyse accounting data.
• Perform financial forecasting and budgeting.
• Identify, research, and recommend potential business opportunities.
• Prepare asset, liability, and capital account entries by compiling and analysing account information.
• Recommend financial actions by analysing accounting options.
• Maintain customer confidence and protect operations by keeping financial information confidential.

Advise and ensure that management is supported in planning and controlling the company’s financial activities

• Develop and maintain internal controls.
• Maintain financial security by following internal controls.
• Liaise with clients.
• Prepare, monitor, and maintain the accounting records.
• Advise management on financial matters.
• Make recommendations to improve financial operations and achieve corporate goals.
• Work closely with corporate and divisional management to minimise risk, control costs, and meet financial goals.

Ensure that the company is Tax compliant

• Perform tax-related duties for the company and report accordingly.
• Perform other duties and projects as assigned.
• Monitor new requirements in both the Tax and Companies Act related to Finance and advise the Exco and the Board of new requirements that must be implemented from the financial perspective.

Ensure that the company is compliant with all other relevant requirements of the oversight bodies

• Keep abreast of the conditions from the PA and FSCA and other regulatory oversight bodies and their requirements.
• Advise on how the company can achieve some of the conditions that are finance related.
• Create systems that will make it easy to track compliance and non-compliance in liaison with GRC.

Manage assets of the company and ensure constant valuation for appreciation and depreciation

• Keep a complete and effective register of assets of the company.
• Ensure that assets are analysed, audited and valuated on a regular basis for investments and other decisions by the Exco and the Board.

Essential Qualifications

• Bachelor’s Degree in Accounting, Finance
• Honours Degree in Accounting
• Registered as a CA (SA)

Essential Experience

• Minimum 10 to 15 years’ experience in accounting/finance management roles.
• Financial Analysis modelling in accounting, finance and tax.
• Deal structuring and settling new systems for a new business/acquisition.
• Experience with profit and loss statements, balance sheets, and cash flow statements.
• Experience with financial reporting requirements to both Exco and the Board.
• Experience with accounting software and data entry preferably on Sage.
• Excellent understanding of accounting rules and procedures including a good understanding of IFRS and the ability to identify key IFRS issues within a business.
• Sign off of Annual Financial Statements.

Desirable Experience

• Awareness of the Insurance industry and/or high level analysis of the economic trends.

Knowledge and Skills

• Strong knowledge of GAAP and IFRS.
• Reporting skills.
• Strong analytical skills.
• Advanced knowledge and experience of spreadsheets and accounting information.
• Ability to analyse financial statements and develop budget forecasts.
• Strong communication skills and ability to interact with all levels of management.
• Interpretation of numbers for information purposes.
• Ability to advise the CEO and the Board on financial matters resulting from accurate analysis of financial numbers.
• Ability to work in a team environment.
• Ability to influence decision making.
• Ability to perform at Executive level interfacing with Exco and the Board.

Attributes

• Problem solving attitude.
• Attention to detail.
• Entrepreneurial mindset.
• Ability to work under pressure and manage a high and complex numbers and workload.
• Ability to organise and prioritise work.
• Ability to lead and harness the high performance team.
• Ability to detect and manage underperformance.
• Honest, Hardworking and Humble