Overview
Executive Finance – RMA Jobs in Johannesburg, South Africa at Rand Mutual Assurance
The Executive Finance RMA will be responsible for overseeing the financial reporting and operational finance
aspects of the RMA Business , this will involve oversight of the internal and external reporting processes and
undertaking business insights analysis that is required for IAH. The incumbent will also be responsible for
delivering on finance change initiatives and a best-in-class Finance division that will provide timely and
intelligent insights and transactional support to help make RMA a Business of Significance.
WHAT WILL YOU DO?
Financial Reporting
Manage the reporting department to ensure sound financial control, adherence to policies, secure and
accurate financial reporting
Provide financial reports and interpreting financial information to managerial staff while recommending
further courses of action
Provide risk management with inputs for qualitative regulatory returns;
Continuous process improvement
Address queries regarding IFRS accounting treatment
Review Internal Processes and ensure adequate system of Internal Control
Review the Group annual financial statements ensuring compliance with latest standards
Success Measure
- AFS
- Monthly management accounts
- Clean control environment
Financial Analysis
Compile key business metrics and report on them to management
Maintain the overall financial health of the organisation by monitoring and evaluating the profitability
Review the performance of competitors and report on key financial benchmarking analyses
Interpret the company’s financial results to management and recommend improvement activities
Create additional analyses and reports as requested by management
Develop trends and projections for the companies finances
Review all WIP variances and where necessary revise standard or average costs as necessary.
Produce key financial ratios for the Group as well as statistical information
Analyse costs, pricing, variable contributions, sales results and the company’s actual performance
compared to the business plans
Success Measure
- Monthly finance EXCO reports
- Analyses reports
- Budget
3. Budgeting and Business Planning
Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
Manage the preparation of the company’s budget
Ensure information is collated for budget planning process
Review and monitor cost data accumulation within the business and to ensure that the Ability accounting system is aligned to provide an appropriate level of costing information to management
Management the process of collation of strategic projects and their impact on the budget
Assist the business in managing capacity requirements and the impact on the budget
Success Measure
- Approved budget and forecasts
- Input on the strategy
Management Of Costs And Analyses
Participate in target costing activities to create products that meeting predetermined price goals
Engage in benchmarking studies to establish areas of potential operational improvement In collaboration with the Actuarial team, assist in the determination of product pricing in relation to features offered and competitor pricing
Review cost model and ensure correct % and products used and taken into account for shared services, between the different entities
Review the analysis of different cost drivers for the insurance business and administration expenses and sign off reports and recommendations
Success Measure
- Approved budget and forecasts
- Input on the strategy
Oversee Efficient Financial Operations Areas
Ensure adequate internal process to ensure efficient transactional operations
Develop adequate KPI’s to monitor appropriate delivery and ensure compliance to legislative requirements for procurement, COIDA ACT membership collection
Premium collections and retentions targets maintained
Success Measure
- Clean control environment
- Achievement of growth targets
Provide Financial Expertise In The Identification Of New Business/Investment Opportunities
As and when required, report on investment opportunities, analyse feasibility of opportunities and provide recommendations to management on profitability of new investment opportunities.
Collect and analyse data of present and past investments and operations, trends and costs,…
Title: Executive Finance – RMA
Company: Rand Mutual Assurance
Location: Johannesburg, South Africa
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