Junior CFO

SUMMARY:
READY TO STEP INTO A CFO ROLE?

CA(SA) QUALIFIED?

LISTEN UP!!!

A top-tier Underwriting Management Agency in Germiston is searching for a game-changing Junior Chief Financial Officer (CFO) to join their powerhouse team! If you’re bursting with energy and ready to transition from an FM to CFO this is your moment to shine. 

• Maximum budget is R1.2 million per annum CTC.
• 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.