Head: Financial Reporting

PURPOSE OF THIS ROLE

The key purpose of this role is the day to day management of the Finance department to ensure efficient running of the unit and accurate reporting of accounts.

KEY ACCOUNTABILITIES, MEASURES & INTERFACES

• Under the direct supervision of the Chief Financial Officer, the Head of Finance will be responsible for:
• Develop, maintain and implement proper operational controls for financial efficiency;
• Ensure complete operational compliance with manuals and policies, Board and Management financial instructions and any applicable agreements/regulations;
• Update the policies timeously with the changes in the regulations and instructions from Board and Management;
• Ensure that proper books of accounts of ECIC are kept;
• Ensure that financial reports (including performance analysis and statutory returns) are timeously prepared for stakeholders such as Board and Management, Prudential Authority, Financial Sector Conduct Authority, National Treasury, SARS and the DTIC;
• Prepare the Annual Financial Statements in accordance to IFRS and ECIC’s accounting policies;
• Ensure that all standing instructions requiring any input control or action by the finance department are met and observed precisely and correctly at all times;
• Supervise the work performed by the Reporting accountant;
• Manage relationship with internal and external stakeholders;
• Co-ordinate with internal and external auditors;
• Ensure compliance with tax legislation;
• Responsible for the implementation of new accounting standards e.g. preparation of the implementation plan and related deliverables;
• Coordinate with the CFO on the best practice to manage ECIC financial resources;
• Keep the CFO fully informed at all times of any adverse or changed or unusual circumstances which may affect the corporation’s financial position;
• Ad-hoc activities as requested by the CFO.

Key Measures

• Number of audit observations;
• Compliance with procedural and legislative requirements;
• Management of client relationships and key stakeholders;
• Management of budget including operational expenses;
• Timeous submission of accurate financial reports.

Key Interfaces

• CFO;
• Head of Financial Accounting;
• Other business units particularly Risk Management, Legal, Underwriting, Actuarial and Investment;
• ECIC Executives and Managers;
• Internal and External Auditors.

QUALIFICATIONS & EXPERIENCE

• Qualified as a CA with strong technical expertise;
• At least 5 years post article experience in a finance unit in a supervisory or management level. Preference will be given to individuals from the financial and/or insurance industry;
• Excellent knowledge of information technology, advanced EXCEL, AX Microsoft Dynamics or similar accounting system.

SKILLS & ABILITIES

• Strict attention to detail and deadline oriented;
• Knowledge: IFRS, Tax, Auditing, PFMA;
• Strong commercial awareness; Strong business acumen;
• Strong financial statement analysis skills;
• Excellent communication skills in written and spoken English;
• Ability to work in a multi-cultural environment;
• Ability to communicate verbally and in writing at all levels;
• Ability to coordinate and manage multiple functions;
• Ability to forge relationships with other areas of the business and at all levels;
• Strong aptitude for problem resolution and decision making;
• Able to demonstrate a high degree of integrity;
• Problem solving skills to identify issues and present creative and practical solutions;
• Excellent analytical skills.

LEADERSHIP COMPETENCIES

• Inspirational leadership - Motivate and inspire others to work towards common goals. Proactively seek feedback and coaching to drive personal development. Develop capabilities of others and nurture future talent.
• Business Acumen - Demonstrate commercial and financial expertise. Uses a methodical problem solving approach as a foundation for effective decision making taking into account importance, urgency and risk.
• Delivery - Translates business objectives into practical, prioritised and organised action plans; ensures plans are safely and successfully implemented. Makes effective use of resources when executing; ensures processes are in place to achieve outcomes aligned to operational excellence standards.
• Leading & Managing Change - Embraces, leads and manages change, providing guidance and support during implementation.
• Teaming - Promotes collaboration, information sharing and learning within and across business boundaries. Focuses on ensuring stakeholder satisfaction by building mutually beneficial relationships with stakeholders.

APPLICATIONS

Closing Date: Wednesday, 15th January 2025.

NOTE: It is ECIC’s intention to promote equity through the filling of posts, according to the set Employment Equity targets.

Data Protection
Personal information collected and processed for purposes of recruitment will be protected from unauthorised access and improper use or disclosure.

Declaration and Informed Consent
By submitting your application for the advertised role, you give ECIC permission to process your personal information and you acknowledge that you understand the purpose for which it is required and for which it will be used. Furthermore, you declare that all personal information supplied to the ECIC for the purposes of recruitment is accurate, up to date, not misleading and that it is complete in all respects.