Financial Strategy
Contributes to and is individually accountable for implementing the broader financial strategy across the
business over a 1-2 year period.
Translates strategy into business plan.Plays an active role in the Finance community and champions the financial soundness and profitability of the business unit.
Aligns financial and governance strategy to needs in the external market (inclusive of legislative changes).
Understands and supports the business strategies of other segments and markets.
Financial Reporting
Ensure the appropriate financial reporting systems, accounting systems and internal control mechanisms are in place to enable effective financial management of the business in line with statutory, regulatory, IFRS and internal company requirements.
Ensure the preparation of all statutory financial statements and regulatory reports in accordance with IFRS and other statutory requirements.
Ensure complete and accurate financial reporting in respect of the Group which includes forecasting, budgeting, tax planning and structuring
Manage and ensure efficient year-end processes and the submission of financial year-end statements.
Prepare and present Company results to all stakeholders
Accountable for preparation of financial reports and record keeping for the country through the finance team.
Oversee the execution of actuarial valuations.
Could include consolidation of accounts.
Business Planning
Takes accountability for running the financial components of the annual Business Planning process
Sets operational policies for the business.
Governance and Compliance
Ensures that the best financial operating practices are in place
Responsible for internal and external audit liaison.
Ensures tax, legislative and statutory requirements are met.
Ensures compliance within unit.
Sets operational policies for actuarial valuation of the business.
Tax Management
Seeks to minimise tax liabilities of the organisation.
Accountable for all strategic tax issues.
Treasury and banking
Management of the treasury function and banking operation, inclusive of practices and policies.
Implements and monitors treasury controls and policies.
Implements and monitors banking controls and policies.
Supports banking operation.
Capital Management
Manages liquidity risk and cash flow for policyholders and shareholders through the finance team.
Manages corporate financing.
Manages the investment portfolio by ensuring an optimum return.
Financial Analysis
Analyses business, financial and general operating information to identify trends and opportunities for development and produce management information to ensure that business developments remain financially viable.
Analyses and monitors the effect of budget or policy changes on business unit productivity.
Assists in deciding on the financial and business viability of new and existing projects and programmes.
Produce accounts; comply with statutory submissions to ensure compliance with relevant legislation.
Qualifications for the Chief Financial Officer Job
Fully Qualified Chartered Accountant
Minimum of 10 years post formal education/qualifications, within the retail ; Financial Services and/or within a major Accounting Firm.
Extensive experience in a senior financial management role.
Africa experience (advantageous)
Must have experience of multinational and commercial enterprises within the Financial Services or Insurance sectors.
Total understanding and personal implementation of best practice Corporate Governance
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