Chief Financial Officer - Pretoria, South Africa - Momentum Life

Momentum Life

Verified Company

Pretoria, South Africa

2 weeks ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Introduction
Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme),
and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and
people from all walks of life to achieve their financial goals and life aspirations.

We help people grow their savings, protect what matters to them and invest for the future. We help companies
and organisations care for and reward their employees and members. Through our own network of advisers or via
independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions

Role Purpose

Provide strategic leadership on financial matters and oversee financial activities within Momentum Advice by providing professional and ethical financial practices and delivering an effective finance service offering that is aligned with business and Group Finance strategy; ensuring the sustained profitability of the business.

Requirements:

Post graduate degree in BCom Accounting ,Financial Management or Management Accounting
Registered chartered accountant with South African Institute of Chartered Accountants
MBA (preferred)
10 years post qualification experience in financial management in an insurance and financial services environment
35 years in a senior management position
Knowledge of the financial services, health, insurance and investment industry and applicable regulatory requirements and legislations.

Duties & Responsibilities

Lead and direct the finance function within Momentum Advice in support of business objectives. (Internal Process) -

Keep abreast of trends, legislation and best practices within the financial management field in order to optimise service offering and delivery.
Collaborate with senior management to formulate short and longterm strategic financial objectives and operating strategies for the business, in line with the overall business strategy of Momentum, as well as the overall financial strategy of the Group.
Oversee the design of effective and efficient futuristic financial modelling in support of the business strategy and new business ventures.
Support the development of new business initiatives by studying economic trends and revenue opportunities, unpacking the financial implications and make recommendations regarding the financial viability of new business.
Evaluate and advise on the financial impact and requirements of long range planning, introduction of new products/business and regulatory environment to support the realisation of the business strategy.
Provide executive management within Momentum Advice, with advice on the financial implications of business activities, and provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
Provide recommendations to strategically enhance financial performance and business opportunities.
Contribute to the design and development of Group Finance strategies, policies and practices and oversee the implementation of finance strategies, policies and practices within the segment.
Direct and oversee all aspects of the finance functions (accounting, tax, capital management etc.) of Momentum Advice, ensuring healthy financial management within the segment.
Build and maintain effective business relationships with Group Finance in order to manage service delivery in line with business expectations and requirements.
Establish and comply with finance governance principles and structures within the segments in line with finance best practice (GAAP, IFRS etc.).
Manage and minimize the company's financial risk exposure by developing and maintaining systems of internal controls, liaising with Risk Management functions as appropriate.
Support the planning and management of internal audit activities in collaboration with the risk team.
Provide direction for continuous improvement efforts by managing the identification of opportunities, cost reduction, improvements and systems enhancement.
Understand the profitability and growth drivers for the business and ensure that the key insights are well understood by the management team.
Ensure that sound financial controls and practices are in place within the segment and in the respective products and solutions centre of excellence to ensure the segment delivers on its stated financial objectives.

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