CFO (15h Left)
1 month ago
Minimum Requirements:
- Relevant finance degree.
- CA(SA) professional designation.
- 1-2 years within a management role.
- 2-4 years insurance industry knowledge.
- IFRS knowledge.
Key Responsibilities:
Strategic Financial Leadership:
- Develop and implement financial strategies aligned with HICs goals and objectives.
- Lead financial forecasting, budgeting, and long-term financial planning processes to support strategic initiatives.
- Provide actionable insights and financial guidance to support decision-making across the executive team.
Financial Reporting and Compliance:
- Oversee the preparation and analysis of financial statements and reports, ensuring compliance with regulatory and accounting standards.
- Ensure adherence to financial regulations, including IFRS and South African tax laws.
- Manage relationships with external auditors, tax advisors, and regulatory authorities, ensuring timely and accurate financial disclosures.
Risk Management and Internal Controls:
- Identify, assess, and mitigate financial risks, including operational, credit, and market risks.
- Develop, implement, and monitor internal controls to safeguard company assets and maintain the integrity of financial data.
- Support enterprise risk management and compliance initiatives.
Cost Control and Profitability:
- Monitor and optimize operational costs, enhancing profitability and cost-efficiency.
- Oversee cost-benefit analyses for new projects, capital expenditures, and other investments to maximize return on investment.
- Implement financial policies and procedures to support effective cost management.
Cash Flow and Treasury Management:
- Manage cash flow, banking relationships, and debt structures to ensure liquidity and financial stability.
- Develop strategies for optimizing working capital and managing investments to enhance cash flow.
Team Leadership and Development:
- Lead and mentor the finance team, fostering a high-performance culture that aligns with HICs values.
- Build talent within the team through training, professional development, and performance management.
- Encourage collaboration and communication within the team to ensure high productivity.
Stakeholder Communication:
- Act as a key financial spokesperson for the company, presenting financial results, forecasts, and strategic initiatives to stakeholders, including the board of directors.
- Build strong relationships with key stakeholders, providing transparent and timely financial information.
Key Performance Indicators (KPIs):
Financial Accuracy and Compliance:
- Achieve 100% accuracy in financial reporting, ensuring all financial statements and reports comply with regulatory standards and deadlines.
- Maintain an error-free external audit outcome and achieve full compliance with all regulatory and tax requirements.
- Coordinate the monthly reporting submissions required for various stakeholders
- Ad hoc data analytics and reporting
Budgeting and Forecasting Accuracy:
- Maintain a variance of less than 5% between budgeted and actual financial results.
- Develop and update accurate forecasts quarterly, reflecting changes in the business environment and market conditions.
Cost Efficiency and Profitability:
- Improve operational cost-efficiency by achieving a minimum of 10% reduction in controllable expenses year-over-year.
- Drive profitability by maintaining or improving the companys operating margin by at least 3% annually.
Cash Flow Management:
- Ensure positive cash flow each quarter, with cash reserves sufficient to cover 6 months of operational expenses.
- Optimize working capital.
Risk Management and Internal Control Compliance:
- Implement and maintain effective internal controls, with less than 1% of control deficiencies identified in quarterly audits.
- Ensure no significant risk-related losses, achieving a minimum score of 90% in annual risk management assessments.
Team Development and Satisfaction:
- Achieve a finance team engagement score of 80% or higher in annual employee satisfaction surveys.
- Ensure a minimum of 75% of team members participate in professional development or training programs each year.
Stakeholder Engagement and Communication:
- Provide timely, accurate, and insightful financial reports to stakeholders, achieving a satisfaction rating of 90% or higher from the board of directors.
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