Chief Finance Officer
Jobs at:Old Mutual
Deadline of this Job:
06 June 2021
Date Posted: Thursday, June 03, 2021 , Base Salary: Not Disclosed
Job title: Chief Finance Officer
The purpose of the role is partner with the business to ensure that the business remains financially viable by taking overall responsibility for the finance function of the country. It is individually accountable for the execution of the financial strategy through Managers and their teams, over a 1-2 year period.
o Contributes to and implements broader financial strategy across the business.
o Long term focus on future financial direction of the business.
o Sets operational policies for the business, develops and takes accountability for a business plan.
o Could manage non-financial functions.
o May be responsible for actuarial valuation of the business.
o Translates strategy into business plan.
o Manages Financial resources
o Accountable for preparation of financial reports, results and commentary
o Manages Financial and Operational performance
o Responsible for planning and forecasting
o Manages capital and Tax
o Ensures best financial operating practice and compliance.
o Responsible for audit liaison as well as tax, legislative & statutory requirements.
o Influences business on corrective actions required on issues raised by financial accountant.
o Could include consolidation of accounts
o Looks for opportunities to minimize tax liabilities of the organization.
o Carries out technical actuarial work, often using complex systems and packages.
Qualifications and Experience
o Qualified CA/ ACCA
o Extensive experience in a senior financial management role.
o Previous experience in CFO role is an added advantage.
o Financial Reporting:
o Accountable for preparation of financial reports and record keeping for business unit through other managers and their teams.
o Could include consolidation of accounts.
o Develops and takes accountability for the business unit business plan.
o Sets operational policies for the business which have financial implications.
o Governance & Compliance:
o Ensures best financial operating practices are in place.
o Responsible for internal and external audit liaison.
o Ensures tax, legislative and statutory requirements are met.
o Ensures IAS compliance within a unit.
o Sets operational policies for actuarial valuation of the business.
o Contributes to and is individually accountable for implementing the broader financial strategy across the business over a 1-2-year period.
o Translates strategy into business plan.
o Plays an active role in the Finance community and champions the financial soundness and profitability of the business unit.
o Aligns financial and governance strategy to needs in the external market (inclusive of legislative changes).
o Understands and supports the business strategies of other segments and markets.
o Manages staff and aligns staff performance contracts to business plans.
o Leads team to optimise delivery.
o Holds first line managers accountable for managerial work, including selection,
performance management and talent management.
o Develops MO's & specialists under supervision.
o Selects potential MO's to sustain pipeline.
o Risk Management:
o Monitors financial processes and performance for business unit/segment.
Looks for opportunities to minimise tax liabilities of the organisation.
o Information Monitoring
o Business Awareness
o Decision Making
o Gaining Commitment
o Ownership, Planning & Organising
o Technical Knowledge
o Thinking Skills, Aligning Performance for Success, Gaining Commitment
Education Requirement: No Requirements
Job Experience: No Requirements
Work Hours: 8
Job application procedure
Click here To Apply Now
Closing Date: 6th June 2021
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