Partner with business and Finance teams to support and guide business decision-making through financial analysis, data and insights that drive business performance.
Requirements
- BCom Accounting, Financial Management or Management Accounting
- Registered chartered accountant with South African Institute of Chartered Accountants or management accountant Chartered Institute of Management Accountants (preferred)
- 5-7 years in financial management in an insurance environment
- Knowledge of the insurance and investment industry
Internal Process
- Keep abreast of trends, legislation and best practices within the financial management field in order to optimise service delivery.
- Develop partnerships with business leaders to determine their finance requirements and obtain insightful business understanding.
- Collaborate with business leaders to formulate short and long-term financial objectives and financial models for the business, in line with the overall business strategy of the segment.
- Partner with business leaders to assess the financial implications of new business initiatives and provide input to the financial feasibility of business cases.
- Contribute to the development of business cases for new initiatives and ensure that business cases are financially sound.
- Channel and evaluate request for financial information and analysis from the business in order to provide the business with meaningful and value adding information.
- Analyse financial information and provide financial analysis and data that supports the decision making for long range planning to support the realisation of the business strategy.
- Oversee the delivery of financial analysis, forecasting and what-if scenarios based on business requirements.
- Provide business leaders with insight regarding the interpretation and explanation of financial analysis, forecasts and scenarios in order to guide business decision making.
- Identity and measure key financial KPIs that support financial and strategic objectives.
- Drive the delivery of daily, weekly and monthly KPI reporting and ensure the business is provided with readily obtained, accurate, meaningful measurements.
- Prepare management reports and identify where management action is required.
- Provide input into continuous improvement efforts by identifying opportunities, cost reduction, improvements and systems enhancement.
- Support and influence key operational and strategic business decision using financial analysis and data.
- Manage the execution of operational financial activities.
- Build and maintain relationships with clients and stakeholders.
- Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
- Define fair and innovative client service practices which build rewarding relationships, and allows team to provide exceptional client service.
- Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.
- Contribute to a client service excellence culture which builds enduring relationships and allows team to provide exceptional client service.
- Develop client service level agreements and standards in order to ensure clients receive clear and accurate information and are kept informed at all times.
- Drive efforts to improve client service and fair treatment of clients within area of responsibility.
- Incorporate client feedback into the enhancement of daily business processes and management operating systems.
- Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
- Create a positive work climate and culture to energise employees, give meaning to work, minimise work disruption and maximise employee productivity.
- Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational values.
- Select and recruit suitably qualified talent in line with Employment Equity principles and MMI values.
- Drive a culture that guides and directs best practice, fostering an environment of continuous learning, improvement and cohesiveness.
- Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.
- Execute effective workforce planning practices to ensure that staffing requirements are accurately forecast.
- Identify employee growth and development needs and schedule interventions to enable ongoing development, training and personal growth.
- Effectively manage performance within the team in order to ensure business objectives are achieved.
- Encourage innovation, change agility and collaboration within the team.
- Share and transfer product, process and systems knowledge to colleagues.
- Facilitate and manage the budgeting process and evaluate budget information received and discuss errors or omissions with stakeholders.
- Manage the monitoring and tracking of fit for purpose budgets to ensure the segment operating model is adequately budgeted for.
- Proactively engage with business to forecast expenses and identify solutions to enhance cost effectiveness and increase operational efficiency.
- Control the budget for area of responsibility, including the authorisation of expenditures and implementation of financial regulations.
- Monitor financial performance by measuring and analysing business results, initiating corrective actions and minimizing the impact of variances.
- Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
- Implement risk management, governance and compliance policies in own practice area, to identify and manage governance and risk exposure liability.
- Investigate reported willful acts of non-compliance to organisation policy and practice and report on findings.
