Chief Financial Officer

3 weeks ago

Johannesburg, South Africa Munich Re Full time

**Chief Financial Officer**:
Career Level 5

**Location**
Johannesburg, South Africa

As the world's leading reinsurance company with 40,000 employees at over 50 locations in all parts of the world, Munich Re introduces a paradigm shift in the way you think about insurance. **By turning uncertainty into manageable risk we enable fundamental change.**

Join us working on topics today that will concern society tomorrow, whether that may be climate change, major construction projects, medical risk assessment or even space travel.

**Together we embrace a culture where multiskilled teams dare to think big.**

We create the new and the different for our clients and cultivate innovation.

**Sounds like you? Make it happen and be part of Munich Re**

Your job

The CFO is expected to contribute to Munich Re of Africa strategy and the attainment of its goals as stated in its balance scorecard, and bears overall responsibility for:

- Technical accounting and credit control for both Life and Non-life business
- Financial accounting, including bank & cash, accounts payable, receipts and payments, fixed assets
- Corporate Actuarial: Life and Non-Life Reserving
- Local financial & management reporting
- Regulatory reporting to the Financial Services Board and SARB
- Direct and indirect tax management and accounting
- Investment accounting & administration
- Capital management and reporting
- Support business management and development by providing analysis and transparency on technical profit/loss drivers (profitability analysis) as well as management expenses
- Ensure that effective internal controls are in place
- Support the Reinsurance CFO and Head Office functions by delivering the financial information required by Munich Re Group
- Provide leadership and management to the FMR team
- Establish and maintain relationship with senior management (across the region), external auditor, tax advisor and banks
- Cultivate good working relationships with external auditors and regulators to build trust and confidence
- Contribute to the RI CFO international organisation strategy and development
- Accountable for the transition, implementation and operation of the new IFRS17 standard across the company

**Profile**:

- Qualified CA or Actuary preferred
- Extensive relevant experience (10 years) in financial services organisations
- Reinsurance industry financial experience is preferable
- Life Actuarial experience would be beneficial
- Ability to demonstrate successful management of the annual financial cycle in a senior financial management role within the financial services industry

About us

Find out Who we are, What we do, Our Strategy and How we can Support & Reward you

Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This integration is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the centre of this interaction is each of us.

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