Finance Business Partner

**Job Advert Summary**:
Manage Opex reporting reprocess ensuring that all month end journals are processed to correct GL accounts and cost centre.

Communicate Opex monthly results to cost centre managers and attend to queries flowing from EVR discussion.

Overall Opex management - budget and forecast management for support areas.

Balance sheet management - managing of balance sheet process ensuring all balance sheet accounts are reconciled and reconciliation queries are followed up and cleared timeously.

Provide effective Balance Sheet risk management to ensure that write off that results into financial losses are prevented.

Collaborate with wider finance community in setting up Balance Sheet milestones and standard operating processes.

Effective provision process ensuring that debtors (receivables) loans are adequately provided for

Provide input in setting up of BEE target for BU and monitor BEE targets.

Job Responsibility

Opex Portfolio

Quality of financial accounting records as well as quality and timing of monthly results ensuring that meaningful commentary is providing on month end results

Provide strategic support to exco members in managing operational expenses ensuring that cost savings initiatives are identified and planned savings are achieved.

Maintain fixed asset register and provide feedback on the that asset that need to be capitalized or retired.

Manage forecast and budget process for support areas ensuring that Budget and forecast are completed within the agreed timelines. Communicate results of Opex expenses with cost center owners and a

Maintain Delegation of Authority (DOA) and update all changes occurred to ensure that payments are made on time

Manage inter-departmental expense recoveries and Opex allocation process and obtain buy between receiving and transferring cost center managers.

Follow up on EVR queries and resolve before the end of the new reporting month.

**Balance Sheet Management**

Monitor and enforce effective controls on Balance Sheet accounts for Life Solution and communicate outcomes of Balance Sheet review to heads of finance departments.

Alignment of balance sheet accounts across performance cells ensuring consistent use of GL balance sheet accounts.

Ensure consistent and effective provision for non-recoverable receivable is implement timeously and ensure timely follow up is done on outstanding recoverable.

**Working Capital and Cash flow forecast**

Manage working capital and cash flow forecast for BU and reporting to the centre

Provide commentary and insights on working capital ratios and cash flow projection requirements for Business Unit and help in identifying accounts that requires management intervention.

Champion process efficiency through use working capital results and help business to improve process of receivables collection and timely payment of suppliers

Monitoring of cash flow forecast against the actual cash flows and communicate results of cash flow analysis to the relevant heads of departments and

Planning and support of the year-end audit process

Assist auditors in their audit by providing explanations/ supporting document

Ad hoc attendance at business meetings (as requested)

**BEE Compliance reporting and tracking**

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Adequacy of processes to support Life Solutions' strategic objectives around Preferential Procurement and ESD targets from a BEE scoring perspective.

Liaise with the centre on mapping of qualifying BEE spend to ensure that expenditure is mapped to the correct cost centres.

**Required Knowledge and Experience**:
Insurance industry experience would be an added advantage

Experience in building relations with senior management and driving change management

PC literate (Advanced MS Office, Great Plains an advantage)

Technical Insurance accounting, financial and management accounting

Knowledge of accounting packages, systems and controls including budgeting, understanding of Line of business systems and their integration into the accounting system

Financial and management accounting (IFRS)

Some knowledge of regulatory and related insurance industry general information

Knowledge of systems and controls, budgeting, forecasting and variance analysis

**Educational Requirements**:
CA qualification and minimum of three years experience in operating at senior manager level