Head of Finance.

Introduction:

Reporting to the Divisional CFO: IAH, the Head: Finance IAH will be responsible for leading and coordinating the division’s finance function, translating business strategy into robust financial plans, delivering accurate and timely management information, and providing commercial insight that enables sound decision-making. The role is accountable for financial planning and analysis, reporting, governance, control, operational finance and business partnering, while driving finance improvement initiatives and developing a capable, service-oriented finance team.

Description:

THE JOB AT A GLANCE

Reporting to the Divisional CFO: IAH, the Head: Finance IAH will be responsible for leading and coordinating the division’s finance function, translating business strategy into robust financial plans, delivering accurate and timely management information, and providing commercial insight that enables sound decision-making. The role is accountable for financial planning and analysis, reporting, governance, control, operational finance and business partnering, while driving finance improvement initiatives and developing a capable, service-oriented finance team.

The role forms part of the RMA Group Finance, Insurance, Asset Management and Health (IAH) team.

WHAT YOU WILL DO

• Translate divisional strategy into an integrated finance strategy, operating plan and performance framework. Provide strategic financial advice to the Divisional CFO and Divisional EXCO and act on delegated finance matters.
• Provide forward-looking financial and commercial leadership across IAH, challenging assumptions, evaluating strategic options and influencing executive decisions on growth, sustainability, resource allocation and value creation.
• Lead divisional budgeting, forecasting and medium-term planning, including approval of key assumptions and scenarios, consolidation of financial inputs and accountability for performance against plan.
• Set standards for management information and ensure accurate, integrated and decision-useful reporting. Present financial performance, outlook, risks and recommendations to executive and governance forums.
• Provide senior oversight of IFRS, IFRS 17, taxation, statutory reporting, audit, accounting policies and financial controls. Oversee material financial judgements and remediation plans, escalating significant risks to the Divisional CFO.
• Lead financial analysis relating to profitability, costs, pricing, products, channels, investments and capital allocation. Sponsor strategic business cases and provide recommendations on financially material initiatives.
• Define the divisional finance operating model, capability requirements, service standards and systems roadmap. Sponsor automation, data, process and reporting improvements and oversee the realisation of intended benefits.
• Lead the Senior Financial Manager and other finance leads, setting functional priorities and ensuring effective operational delivery, resource allocation, succession planning and talent development.
• Represent divisional finance in senior internal and external engagements. Coordinate specialist input from Group Finance and assurance functions and maintain trusted relationships with executives, auditors and governance stakeholders.
• Maintain an integrated view of financial risks and opportunities, drive timely corrective action and provide scenario-based financial insights and recommendations to support strategic and emerging business decisions.

Requirements:

WHAT YOU WILL BRING TO THE TABLE

• NQF Level 7 or higher qualification in Accounting, Finance or a related discipline.
• CA(SA) or CIMA professional qualification required; a relevant postgraduate qualification is advantageous.
• Minimum of 10 years’ relevant finance experience, preferably within financial services or insurance.
• At least 5 years’ senior management experience with accountability for a significant finance function, portfolio or business unit.
• Proven experience providing strategic financial advice to executives and presenting to executive management and governance committees.
• Demonstrated experience across financial planning and analysis, management and statutory reporting, financial governance and controls, commercial finance and finance transformation.
• Demonstrated experience leading managers and senior finance professionals and integrating delivery across multiple finance disciplines.
• Strong experience operating within a regulated environment, with sound insurance-sector knowledge and exposure to finance systems, process or operating-model transformation.

• Strategic financial leadership, commercial judgement and executive-level business partnering.
• Advanced knowledge of IFRS and financial reporting