CFO

SUMMARY:
ARE YOU A CHIEF FINANCIAL OFFICER?

CA(SA) QUALIFIED?

LISTEN UP!!!

A top-tier Underwriting Management Agency in Germiston is searching for a game-changing Chief Financial Officer (CFO) to join their powerhouse team! If you’re bursting with energy, brimming with enthusiasm, and hungry to make a real impact, this is your moment to shine. 

• CA(SA) essential.
• Insurance Knowledge essential.
• IFRS Knowledge essential.
• Management Experience essential.

POSITION INFO:
Minimum Requirements:

• Relevant finance degree.
• CA(SA) professional designation.
• 1-2 years within a management role.
• 2-4 years insurance industry knowledge.
• IFRS knowledge.

• Develop and implement financial strategies aligned with HIC’s goals and objectives.
• Lead financial forecasting, budgeting, and long-term financial planning processes to support strategic initiatives.
• Provide actionable insights and financial guidance to support decision-making across the executive team.

• Oversee the preparation and analysis of financial statements and reports, ensuring compliance with regulatory and accounting standards.
• Ensure adherence to financial regulations, including IFRS and South African tax laws.
• Manage relationships with external auditors, tax advisors, and regulatory authorities, ensuring timely and accurate financial disclosures.

• Identify, assess, and mitigate financial risks, including operational, credit, and market risks.
• Develop, implement, and monitor internal controls to safeguard company assets and maintain the integrity of financial data.
• Support enterprise risk management and compliance initiatives.

• Monitor and optimize operational costs, enhancing profitability and cost-efficiency.
• Oversee cost-benefit analyses for new projects, capital expenditures, and other investments to maximize return on investment.
• Implement financial policies and procedures to support effective cost management.

• Manage cash flow, banking relationships, and debt structures to ensure liquidity and financial stability.
• Develop strategies for optimizing working capital and managing investments to enhance cash flow.

• Lead and mentor the finance team, fostering a high-performance culture that aligns with HIC’s values.
• Build talent within the team through training, professional development, and performance management.
• Encourage collaboration and communication within the team to ensure high productivity.

• Act as a key financial spokesperson for the company, presenting financial results, forecasts, and strategic initiatives to stakeholders, including the board of directors.
• Build strong relationships with key stakeholders, providing transparent and timely financial information.

• Achieve 100% accuracy in financial reporting, ensuring all financial statements and reports comply with regulatory standards and deadlines.
• Maintain an error-free external audit outcome and achieve full compliance with all regulatory and tax requirements.
• Coordinate the monthly reporting submissions required for various stakeholders
• Ad hoc data analytics and reporting

• Maintain a variance of less than 5% between budgeted and actual financial results.
• Develop and update accurate forecasts quarterly, reflecting changes in the business environment and market conditions.

• Improve operational cost-efficiency by achieving a minimum of 10% reduction in controllable expenses year-over-year.
• Drive profitability by maintaining or improving the company’s operating margin by at least 3% annually.

• Ensure positive cash flow each quarter, with cash reserves sufficient to cover 6 months of operational expenses.
• Optimize working capital.

• Implement and maintain effective internal controls, with less than 1% of control deficiencies identified in quarterly audits.
• Ensure no significant risk-related losses, achieving a minimum score of 90% in annual risk management assessments.

• Achieve a finance team engagement score of 80% or higher in annual employee satisfaction surveys.
• Ensure a minimum of 75% of team members participate in professional development or training programs each year.

• Provide timely, accurate, and insightful financial reports to stakeholders, achieving a satisfaction rating of 90% or higher from the board of directors.