Expense Management Reporting Specialist

2 weeks ago


Centurion, Gauteng, South Africa Group Finance Full time

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 organisation's 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

Requirements:

MINIMUM QUALIFICATIONS:

  • BCom in Accounting, Financial Management, Management Accounting or similar.

MINIMUM EXPERIENCE:

  • 5 years' work experience in Life Insurance environment
  • Indepth understanding of cost allocation methodologies and expense efficiency indicators.
  • Relevant financial systems
  • Accounting practises
  • Relevant office computer software
  • Relevant ledger posting processes

Duties & Responsibilities

(Internal Process):

  • Allocation of costs to business units to enable the construction of appropriate management accounts for business entities in the group.
  • Input into the MMH group chart of accounts and making sure expense account definitions are standardised.
  • Develop partnerships with business leaders to determine their finance requirements and obtain insightful business understanding.
  • Analyse expense variances on both budget and forecast and engage with relevant business to discuss variances and agree on appropriate action.
  • Provide input into continuous improvement efforts by identifying opportunities, cost reduction, improvements, and systems enhancement.
  • Control and track the budget for the various departments.
  • Prepare a summary of all departmental budgets that roll up to the consolidated budget.
  • Support the embedding and operationalisation of new allocation methodologies (including automation and transparency).
  • Identify financial and business risks to the company and escalate/address accordingly.
  • Continuously look for innovative and new ideas to improve current expense management practices.
  • Support Function for Group Packs, ICP Balances ,Recons (VAT, Loan accounts),Debtors and Creditors control

Enable client centricity within area of responsibility(Client Services):

  • Continuously monitor turnaround times and quality standards and resolve issues speedily to enhance client service delivery
  • Drive client service delivery goal achievement in line with predefined standards in order to ensure that clients receive appropriate advice and after sales service.
  • Manage client query processes and ensure that queries are tracked, accurately resolved and used as a mechanism to improve client service and business processes
  • Provide regular reports on delivery of services against agreed service level agreements and in terms of overall client targets.
  • Provide authoritative, expertise and advice to clients and stakeholders

Self-management and teamwork (People):

  • Adopt a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
  • Develop and maintain productive and collaborative working relationships with peers and stakeholder
  • Continuously develop own expertise in terms of professional, industry and legislation knowledge
  • Contribute to continuous innovation through the development, sharing and implementation of new ideas
  • Take ownership for driving career development

Manage budget and implement sound financial controls:

  • Control the budget for area of responsibility, including the authorisation of expenditures and implementation of financial regulations.
  • Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
  • Investigate reported wilful acts of noncompliance to organisation policy and practice and report on findings.

Competencies

  • Business Acumen
  • Client/ Stakeholder Commitment
  • Drive for Results
  • Leads Change and Innovation
  • Motivating and Inspiring Team
  • Collaboration
  • Impact and Influence
  • Self-Awareness and Insight
  • Diversity and Inclusiveness
  • Growing Talent


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