Finance Manager

Guardrisk is the undisputed market leader in cell captive insurance and risk solutions. We are renowned for our innovative approach to cell captive structures and other alternative risk transfer solutions for our clients. Guardrisk offers clients custom designed cover and is registered in South Africa as an insurer for all statutory classes of non-life and life insurance business.

Manage the finance service offering for the segment by providing professional and ethical financial practices and services that support business decision making and performance.

Oversee the delivery of Finance solutions that enable the achievement of business goals and objectives.
(Internal Process)

Manage the team responsible for the banking function for Guardrisk Group of companies
Build and maintain relationships with clients and internal and external stakeholders and various bank relationship managers
Portfolio support and management and servicing of all finance banking operations by working closely with the portfolio manager and other colleagues
Implement oversight and control of all bank accounts under the Guardrisk Portfolio to monitor unusual activity ensure compliance to regulations
Manage foreign bank accounts and foreign transactions including managing SARB approvals where required
Managing staff and providing support where required to ensure they carry out their responsibilities adequately
Overseeing unallocated cash process and ensuring outstanding cash is regularly followed up and allocated
Reviewing and signing off all promoter general ledger reconciliations and ensure all reconciling items are resolved withing a reasonable time
Managing the payments process and provide support to the relevant team members when required.
Review payment documents and obtain the necessary source documentation and authorisation to effect payments timely and with the determined service level agreement levels
Review expenses on a monthly basis to ensure accurate allocations and variances to budget.
Manage the expense budget annually and monitor variances on a monthly bassis
Meeting company and client accounting payment and reporting deadlines
Contribute to the enhancement of systems and processes issues in order to enhance financial and banking management
Identify and reconcile discrepancies and problems
Manage the segment chart of expense accounts cost-centre reporting hierarchy and levels of authority framework.
Oversee the development maintenance and optimisation of financial systems for the segment.
Manage the fixed asset registers.
Ensuring accuracy and timeliness of financial transactions
Managing month-end quarter-end and year-end close processes
Resolving escalated operational issues
Identify inefficiencies and implement process redesign
Build and maintain effective business relationships with the business in order to manage service delivery in line with business expectations and requirements.
Oversee the annual Audit process and assist staff where necessary ensuring all Audit requirements are met

Drive a client centric environment that focuses on best practice service delivery
(Client Services)

Build and maintain relationships with clients and stakeholders
Define fair and innovative internal client service practices which build rewarding relationships and allows team to provide exceptional client service.
Engage with key stakeholders to identify changing internal 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 internal client feedback into the enhancement of daily business processes and management operating systems.

Effectively lead team
(People)

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 forecasted
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.

Oversee the budgeting and financial reporting process and implement sound financial controls
(Finance)

Oversee and control the process for the budget for expenses.
Oversee the monitoring of financial performance by measuring and analysing expenses monthly by comparing actuals to budget.
Control the budget for area of responsibility including the authorisation of expenditures and implementation of financial regulations.
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 wilful acts of non-compliance to organisation policy and practice and report on findings.

Qualifications

• BCom Accounting Financial Management Management Accounting or Registered chartered accountant with South African Institute of Chartered Accountants (preferred)

Experience

• 6-8 years in financial management in an insurance environment
• 5 years experience in a managerial role
• Knowledge of the insurance and investment industry and applicable regulatory requirements and legislations
• Knowledge of Generally accepted accounting principles (GAAP) International Financial Reporting Standards (IFRS) and risk management principles
  
  
  
  

Business Acumen

Understands how the business operates what the key issues and risks are that drives business success; and how they impact on the commercial viability of potential ventures and the profitability of the Group

Collaboration

Prioritises the business interests of MMI and invests in the success of the group by aligning effort across divisions.

Client/ Stakeholder Commitment

Anticipates meets and exceeds clients needs by creating long lasting relationships that support the client value proposition supports their financial wellness and ensures client centricity.

Impact and Influence

Persuades convinces influences and inspires others both within MMI and externally to win support loyalty and gain commitment to the purpose of MMI.

Drive for Results

Drive a sense of urgency focus accountability agility and execution to deliver business results.

Self-Awareness and Insight

Manages self and relationships with others effectively deals with ambiguity uncertainty and pressure and provides perspective in difficult situations.

Leads Change and Innovation

Actively leads change does what is right for the business and drives continuous improvement through innovation.

Diversity and Inclusiveness

Is sensitive to individual and cultural differences and demonstrates humility and an openness to engage people from diverse backgrounds and cultures to the mutual benefit of all parties concerned.

Motivating and Inspiring Team

Creates and maintains an open positive working environment by generating commitment building trust a shared sense of purpose empowerment in others and encouraging them to contribute to the best of their ability.

Growing Talent

Takes responsibility for own development; and actively mentors coaches and develops talent in others. Builds leadership bench strength for MMI by providing opportunities and experiences to develop skills competencies and business knowledge.

Strategic Thinking
Creates competitive and breakthrough strategies to drive short term profitability and long-term business growth and shareholder value.