Head of Finance - Johannesburg, South Africa - B-Sure

B-Sure

Verified Company

Johannesburg, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Job Overview:

Date Posted:

Posted 3 hours ago-
Location: Johannesburg, Gauteng-
Job Title: Head of Finance-
Education Level: Bachelors Degree-
Job Level: Senior-
Minimum Experience: 5- 7 Years
Head of Finance required in Bedfordview, Johannesburg
:

We are seeking an experienced Financial Manager to join our extraordinary team.

As a key member of our organization, you will play a pivotal role in overseeing financial operations, driving strategic initiatives, and contributing to the overall financial health and success of the company.

Duties and Responsibilities:

Manage the financial management process of the business including timeous and insightful commercial reporting, accurate and timely submission of statutory, tax and other returns.
Preparation of budgets and forecasts and monitoring of financial, strategic and operational KPI's.
Ensure the recording and reporting of transactions (valid, accurate and complete) to measure the financial performance as well as reflect the financial position of the company.
To Manage the Internal Control Environment, ensuring a robust control environment in order to protect company assets and enable accurate and complete financial reporting.
Reporting
Report on the financial performance and position of the business to BSure Africa management, the group management, regulatory authorities and relevant stakeholders as required.
Ensure accurate and timely preparation of the Annual Financial Statements of Sure Group Holdings.
Oversee input into the interim and annual reports of the group.
Prepare the financial reports for the BSure Group Holdings board of directors.
Financial Management
Ensure complete and accurate recording of revenue and expenses in the general ledger (allocations, timing etc) and monitor expenses to budget and forecast.
Manage expenses through authorisation, adjusting or redirecting expenditure.
Ensure monthly processes are completed in a timely manner, for reporting and close off to comply within the group deadlines.
Review and improve revenue and expense recording processes where relevant.
Track performance of the business against target via dashboards and KPI measurements.
Ensure complete and accurate recording of reserves in the general ledger.
Look for operational efficiencies within the company leading to cost saving opportunities.
Maintain Internal Controls
Ensure the operating effectiveness of internal controls (finance and business where a breakdown in controls may result in a negative financial impact).
Design and implement controls where controls are absent and / or deficient.
Prepare and support the business where appropriate for internal and external audits.
Address audit findings relating to finance and ensure that adverse findings relating to other business areas are addressed by the relevant Manco member.
Ensure documentation is maintained and adhered to for accounting policies, limits of authority and accounting procedures and controls.
Taxation
Assist in the accurate computation of tax for B-Sure Group Holdings.
Create plans to obtain tax efficiencies.
Ensure adequate controls on tax computation and processes.
Ensure the accurate and timely submission of tax returns of the B-Sure Group Holdings.
Ensure Solvency of the Business
Monitor the solvency and capital adequacy of B-Sure Group Holdings.
Analyse underlying drivers of capital and solvency, identify necessary structural changes for the longterm solvency of the business.
Provide input to Group team on solvency and Solvency Capital Requirement.
Ensure timely and accurate reporting to the regulator regarding solvency.
Working Capital and Cash Flow
Manage and monitor the working capital cycle and ensure that the business has sufficient liquidity to meet obligations including distributions to the companies within BSure Group Holdings.
Budget and Forecasts
Responsible for the budget and forecast process in line with the requirements of BSure Group Holdings.
Compile the budget presentation within the timeframes stipulated.
Communicate the final revenue and expense and forecast to all department relevant managers.
Constantly assess the budget and forecast process and implement improvements where necessary.
Leadership and People Management
Ensure team and individual objectives are defined and measurable, and that they are aligned to the organisational objectives.
Manage, support, inform, mentor, motivate and develop the finance team.
Promote a highperformance culture.
Continuously improve general employee retention and engagement to optimise people productivity.
All meetings/conference should be adequately prepared for: put actions plans together; discuss challenges, PowerPoint presentations, etc.
Attend all meetings and action/follow up on minutes from all meetings and or conferences.
All other assigned duties.