Executive Finance

The Executive Finance RMA will be responsible for overseeing the financial reporting and operational finance

aspects of the RMA Business, this will involve oversight of the internal and external reporting processes and

undertaking business insights analysis that is required for RMH. The incumbent will also be responsible for

delivering on finance change initiatives and a best-in-class Finance division that will provide timely and

intelligent insights and transactional support to help make RMA a Business of Significance.

**WHAT WILL YOU DO?**

Financial Reporting

Manage the reporting department to ensure sound financial control, adherence to policies, secure and

accurate financial reporting

Provide financial reports and interpreting financial information to managerial staff while recommending

further courses of action

Provide risk management with inputs for qualitative regulatory returns; Continuous process improvement

Address queries regarding IFRS accounting treatment

Review Internal Processes and ensure adequate system of Internal Control

Review the Group annual financial statements ensuring compliance with latest standards

Success Measure
- AFS
- Monthly management accounts
- Clean control environment

Financial Analysis

Compile key business metrics and report on them to management

Maintain the overall financial health of the organisation by monitoring and evaluating the profitability

Review the performance of competitors and report on key financial benchmarking analyses

Interpret the company's financial results to management and recommend improvement activities

Create additional analyses and reports as requested by management

Develop trends and projections for the companies finances

Review all WIP variances and where necessary revise standard or average costs as necessary.

Produce key financial ratios for the Group as well as statistical information

Analyse costs, pricing, variable contributions, sales results and the company’s actual performance

compared to the business plans

Success Measure
- Monthly finance EXCO reports
- Analyses reports
- Budget

3. Budgeting and Business Planning

Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis

Manage the preparation of the company’s budget

Ensure information is collated for budget planning process

Review and monitor cost data accumulation within the business and to ensure that the Ability accounting system is aligned to provide an appropriate level of costing information to management

Management the process of collation of strategic projects and their impact on the budget

Assist the business in managing capacity requirements and the impact on the budget

Success Measure
- Approved budget and forecasts
- Input on the strategy

Management Of Costs And Analyses

Participate in target costing activities to create products that meeting predetermined price goals

Engage in benchmarking studies to establish areas of potential operational improvement In collaboration with the Actuarial team, assist in the determination of product pricing in relation to features offered and competitor pricing

Review cost model and ensure correct % and products used and taken into account for shared services, between the different entities

Review the analysis of different cost drivers for the insurance business and administration expenses and sign off reports and recommendations

Success Measure
- Approved budget and forecasts
- Input on the strategy

Oversee Efficient Financial Operations Areas

Ensure adequate internal process to ensure efficient transactional operations

Develop adequate KPI’s to monitor appropriate delivery and ensure compliance to legislative requirements for procurement, COIDA ACT membership collection

Premium collections and retentions targets maintained

Success Measure
- Clean control environment
- Achievement of growth targets

Provide Financial Expertise In The Identification Of New Business/Investment Opportunities

As and when required, report on investment opportunities, analyse feasibility of opportunities and provide recommendations to management on profitability of new investment opportunities.

Collect and analyse data of present and past investments and operations, trends and costs, estimated and realised revenues, administrative commitments etc.

Develop and use high quality financial modelling to assess and predict outcomes, financial risks and returns of investment decisions

Provide expertise by conducting feasibility studies for business expansion and new business acquisitions

Conduct valuations for Mergers & Acquisitions (M&A) if and when required in conjunction with the Corporate Finance Specialist

Prepare and present proposals/business cases, pitches and/or formal presentations to senior management on investment/ capital allocation opportunities

Partner with the Corporate Finance Specialist to provide investment advice and recommendations to the Executive Com