Website AfroCentric Group
AfroCentric Investment Corporation Limited ("AfroCentric”) is a black-owned, investment holding company which is substantially invested in healthcare. AfroCentric was established in 2008 and is listed in the healthcare sector on the JSE. Through its operating subsidiaries, AfroCentric provides hea… read morelth administration and health risk management solutions to the healthcare funding industry. In addition, AfroCentric provides a range of complementary services to its traditional medical scheme clients as well as a portfolio of healthcare-related enterprises. These services include IT solutions, transactional switching and specialised disease management. AfroCentric acquired a 100% interest in Pharmacy Direct, a courier pharmacy; 100% of Curasana, a pharmaceutical wholesaler; and a 26% stake in Activo Health, a southern African distributor of generic medicines as well as complementary nutraceutical products effective 1 August 2015. These acquisitions should not only improve the Group’s earnings, but will provide greater access to the wider healthcare delivery value chain and greater visibility in the relevant markets. Sanlam Limited concluded its acquisition of a 28.7% stake in ACT Healthcare Assets, a wholly-owned subsidiary of the Group, subsequent to year-end. This strategic alliance with one of the country’s foremost financial institutions will enhance the Group’s marketing and distribution initiatives and position certain divisions within the Group on an improved growth path. Growth and diversification outside South Africa has always been a strategic imperative. Medscheme has a presence in Botswana, Namibia, Swaziland, Kenya and Zimbabwe, and through its business process outsourcing centre in Mauritius provides services to several large European and UK-based health insurance companies. AfroCentric seeks to invest in related businesses that demonstrate prospects for growth, while contributing to the sustainable health and welfare of South African communities. Medscheme is the Group’s largest subsidiary and is one of South Africa’s largest medical scheme administrators and managed care providers. Founded over four decades ago, Medscheme has more than 3.2 million lives under management through its 15 client medical schemes in South Africa. It is the largest black-owned medical scheme administrator, with a national footprint of 16 offices in all the major centres in South Africa, employing over 3 000 staff. In striving to achieve its vision of "facilitating the delivery of sustainable healthcare services” AfroCentric continues to provide the healthcare sector with practical strategies for expanding the membership of its medical scheme clients, and new initiatives that promote more efficient and effective patient care and treatment management. Florida North, Johannesburg, Gauteng
What will you do?
To ensure that the financial operations of the entity, including but not limited to, Debtors, Creditors, Banking, Fixed Assets, Insurance and the BEE pillar is managed efficiently and in line with the company’s policies and procedures, including the review of monthly reconciliations. Manage resources to attain and maintain service level agreements.
Qualification and Experience
Relevant degree, honours preferable
Minimum 8 years’ experience in finance environment, with at least 4 years management experience essential
Experience in introducing/implementing automation using various digital tools/platforms
Accountabilities:
Compliance and Risk Management
Defined legal, statutory and regulatory compliance is appropriately implemented and maintained at the required standards for the team
Implemented operational risk and governance structures, measures and frameworks are monitored within the team and necessary action is taken to address issues, when necessary
Ensure the preparation and implementation of policies and procedures
Establish and maintain a sound financial control environment, including banking, cashflows and audits.
Financial Management
Manage expenses, costs and identify cost saving opportunities to support the department in achieving its financial goals and targets.
Operating Model
Develop and implement team operational plans that will ensure the defined delivery objectives are met through supporting, and being supported by, other teams within and linked to the department / project
Identify opportunities to improve the teams’ core operational internal processes and internal supply chain
Resolve operational conflicts
Set achievable yet challenging delivery targets/objectives and motivate the team to operate in a mutually supportive manner to ensure successful delivery
Ensure the review and finalisation of management accounts, including monthly reconciliations, by Service Level Agreement deadlines
Ensure the preparation and finalisation of financial statements and liaison with internal and external auditors
Ensure the review and finalisation of statutory returns.
Operational Implementation of Strategy
Plan and implement operational changes within the area of responsibility to respond to important external influences
Provide input into the business plan for the department and interpret this into an operational plan for the team
Ensure business plan is implemented in a manner that supports operational and quality standards and meets defined departmental priorities
Communicate business plan and team operational plan in alignment with the broader Medscheme strategic direction
Ensure implementation of plans in a way that maintains operational best practice and leads to continual delivery improvement.
Operational Leadership
Manage the operational performance of the team as per Human Capital frameworks and policies to ensure delivery to agreed standards and objectives
Provide appropriate staff development, coaching and mentoring and retain skilled and engaged employees within the team and Medscheme
Support transformation through valuing diversity within the team and department
Behave in alignment with the Medscheme values.
Stakeholder Management
Ensure appropriate, active and informative relationships with customers and relevant stakeholders are successfully maintained.
Specific deliverables:
Compliance and Risk Management:
Ensure the preparation and implementation of policies and procedures
Establish and maintain a sound financial control environment, including banking, cashflows and audits
Operating Model:
Ensure the review and finalisation of management accounts, including monthly reconciliations, by Service Level Agreement deadlines
Ensure the preparation and finalisation of financial statements and liaison with internal and external auditors
Ensure the review and finalisation of statutory returns
Position Specific Outputs
Ensure successful delivery of projects that leads to operational efficiencies and automation of processes.
Knowledge
Knowledge and application of relevant legislation and regulations
Understand and demonstrate agile development life cycles
Skill
Communication Skills
Innovates and Takes Risks
Task Management
Executive Business Writing Skills
Financial Acumen
Neural network architecture
Change Management
Interpretation of financial statements
Quality driven
Computer Technology Skills
Apply via company website ( http://www.afrocentric.za.com/ ) or
www.linkedin.com