Description<\/p>\n
THE JOB AT A GLANCE<\/p>\n
\tAs the Head: Operational Finance will be responsible for overseeing the day to day, operational finances of the Group.
\n\tYou will be responsible for ensuring seamless transaction of all operational finances whilst ensuring compliance with all the relevant standards and company policies and procedures.
\n\tYou will also be responsible for overseeing the procurement and facilities teams.<\/p>\n
WHAT WILL YOU DO?<\/p>\n
\tOversee unit finances and assets:
\n\tDevelop strategic and operational plans in line with the budget
\n\tEnsure that planning takes place in line with standards, and that necessary compliance controls are implemented
\n\tDiscuss and recommend divisional budgets to Exco
\n\tMonitor unit budget on an ongoing basis
\n\tEnsure that all departmental planning is carried out on a regular basis, as issues arise, or in advance of anticipated needs
\n\tReview monthly cost centre reports
\n\tSubmit monthly reports to top management
\n\tReview the analysis of department expenses and preparing monthly department expense reports
\n\tMonitor and review recoveries (labour, overhead, 3rd part recoveries)
\n\tReview monthly & quarterly cash flow forecasts.<\/p>\n
Oversee Debtors and Collections, and Tax:<\/p>\n
\tReview processes followed by the debtor manager to ensure targets are achievable relating to premium collection
\n\tReview and obtain reasons for long outstanding debtors and procedures to be performed to ensure reduced
\n\tReview the reconciliation between clientcare, fincare, ability and Excalibur to confirm billing accuracy and completeness
\n\tSign term letters for members and refunds
\n\tReview and maintain refunds higher than R25K for AML purposes
\n\tEnsure overall compliance and adherence to company policies and procedures
\n\tEnsure compliance with latest tax legislation and correct application of the tax act e.g. travel reimbursive rates.<\/p>\n
Staff Management:<\/p>\n
\tAllocate tasks to staff
\n\tDevelop KPA for staff
\n\tEnsure that staff is trained to carry out duties
\n\tSet goals for own finance team
\n\tDo performance management and address below standard performance
\n\tDaily and weekly supervision of subordinates through informal and formal discussions
\n\tImplement and use the performance management system fully in order to monitor the performance of subordinates
\n\tLiaise with HR on staff related issues
\n\tIdentify training requirements for staff, through effective staff management and assist them in meeting their training requirements, by helping to arrange suitable training for them
\n\tDraft staff work plans and ensure implementation
\n\tAttend relevant industry related committee \u2013 international forums
\n\tDevelop strategic and operational plans for the unit
\n\tEnsure implementation of the plans by supervising staff
\n\tMonitor and review plans on an ongoing basis
\n\tDraft, develop, maintain and implement policies and procedures in relevant competency
\n\tMaintain relationships with the CF, banks, SARS, Broker\/ED and any other relevant stakeholders including management.<\/p>\n
Oversee the commissions function:<\/p>\n
\tImplement and maintain a set of Comprehensive financial Policies and Procedures
\n\tReview the reconciliations for payments to be made- Pensions, Claims, commission and funeral and confirm accuracy, completeness and validity thereof
\n\tReview the reversal report and obtain explanations
\n\tReview of the commission and funeral reports including trend analysis
\n\tReview reconciliation between modules pension, fincare and ability
\n\tReview unallocated funds report.<\/p>\n
Oversee the Procurement and BEE function:<\/p>\n
\tProvide strategic thinking and contributions to crafting long term Procurement business plans
\n\tProvide guidance on the cost effectiveness principles in planning and delivery to contribute to achievement of divisional financial targets and own cost reduction targets
\n\tManage allocated budget through monitoring and seeking cost effective ways to achieve departmental goals
\n\tEnsure alignment to business objectives
\n\tTrack and report key functional metrics to reduce expenses and improve margins
\n\tOversee risk management regarding supply contracts and agreements
\n\tEnsure control spend and the creation of long-term savings on procurement costs
\n\tThe execution of procurement strategies
\n\tProvide guidance during the RFQ processes review the reports and provide guidance, in designing a checklist and what items to include
\n\tReview supplier database and sign off on changes every 5 years
\n\tProvide guidance during the company\u2019s BBBEE verification process
\n\tOversee the management of the BBBEE scorecard across business activities and opportunities for each pillar
\n\tReview all annual submissions related to the portfolio
\n\tProvide guidance and play an active advisory role to business on Employment Equity, Diversity, Enterprise development and preferential procurement
\n\tReview and sign off policies, practices and processes that affect BBBEE within Company
\n\tReview BBBEE spending against targets set up for various departments and divisions, including ensuring the accuracy of such information
\n\tReview and sign off the Employment Equity Plan
\n\tReport to the DOL progress on company score.<\/p>\n
Oversee the facilities function:<\/p>\n
\tEnsure that Facility manager follows up on all queries are resolved relating to the building including but not limited to:
\n\tManagement of the internal administration of the company
\n\tManagement of all assets for company and regions
\n\tManagement of access to the buildings in terms of security
\n\tEnsure that health and safety measures are in place
\n\tOversee the coordination of air conditions, Toilets, Canteen, Transport
\n\tEnsure that staff has a safe building to work in
\n\tEnsure the building project will be completed.<\/p>\n
Reporting and participation in various forums\/committees and providing compliance support:<\/p>\n
\tParticipate in and represent Finance on various forums and committees:
\n\tAttend quarterly Audit committee
\n\tBoard \u2013 on request
\n\tAttend investment meetings
\n\tAd hoc meetings
\n\tAttend Risk register meetings and keep updated
\n\tAdhere to internal controls
\n\tTimeously produce reports for all committees
\n\tEXCO – Monthly
\n\tOPSCO \u2013 Monthly
\n\tDirect activities to produce financial reports monthly which reflect the organisation\u2019s actual performance
\n\tEnsure that proposed new products are researched to evaluate financial viability and to forecast performance; Present such reports to top management
\n\tEnsure compliance with mandatory requirements and all applicable international and bilateral agreements
\n\tReceive and update comments on agreements on an ongoing basis or on demand
\n\tAct as a Public officer by ensuring that tax matters are up to date and that all tax and vat returns submitted
\n\tAct as Money laundering Reporting Officer
\n\tEnsure that all work is performed in terms of required standard and regulation
\n\tEnsure that all relevant insurances and licenses for the Group are in place
\n\tEnsure timely submission of various periodical reports, highlights of the previous month\u2019s reports
\n\tEnsure external audits are completed on time and are successfully coordinated
\n\tPerform any other processes important to identify any fraudulent activities within the Group.<\/p>\n
Project Management:<\/p>\n
\tReview the projects scope high level ensure process is adequate
\n\tAttend meetings when required, provide inputs
\n\tAllocate resources to projects and review outputs
\n\tPlan and manage projects within budget.<\/p>\n
WHAT YOU’LL BRING TO THE TABLE?<\/p>\n
\tCA(SA)
\n\t8 years post articles experience in accounting field, at a management role
\n\tBackground knowledge of financial sector and insurance industry
\n\tAbove average IT skills<\/p>\n
go to method of application \u00bb<\/p>\n
Apply via company website ( ) or<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"","_company_name":"Rand Mutual - RMA","_company_website":"","_company_tagline":"","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-types":[12],"class_list":["post-16915","job_listing","type-job_listing","status-expired","hentry","job_listing_region-gauteng","job-type-full-time"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/16915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=16915"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=16915"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=16915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}