Chief Financial Officer : Santam Re

Santam Insurance; Cape Town; On-site; ZAR 80 000 - 150 000; Full time

Job summary

An established industry player is seeking a dynamic CFO for their Cape Town office. This pivotal role involves overseeing the full financial function, ensuring compliance with IFRS, and managing financial reporting processes. You will collaborate with diverse stakeholders to enhance strategic financial management and lead a talented team. The ideal candidate will have extensive experience in the insurance sector, strong analytical skills, and the ability to drive results in a fast-paced environment. Join a forward-thinking company committed to innovation and excellence in the financial landscape.

Qualifications

• 10+ years in a senior financial role with expertise in financial reporting.
• Strong experience in data management and analytics is essential.

Responsibilities

• Lead monthly financial management reporting in compliance with IFRS.
• Manage statutory and regulatory reporting processes effectively.

Skills

Financial Reporting

Analytical Skills

Communication Skills

Relationship Management

Team Leadership

Data Management

Education

Bachelor's Degree in Finance or Accounting

Professional Accounting Qualification (CA, CIMA)

Tools

Financial Reporting Systems

Job description

The CFO : Santam Re is responsible for the full financial function within the Santam Re business, including financial management and reporting, financial data management, risk and regulatory reporting, and the risk and governance of the finance function.

The CFO : Santam Re will work closely with internal and external stakeholders to ensure the delivery of quality, accurate, and complete financial reporting in compliance with International Financial Reporting Standards (IFRS) and the Santam Group's management reporting methodology. This will enable understanding of the Santam Re business and enhance strategic, risk, and financial management.

The CFO : Santam Re will be an integral part of the Santam Re Executive Team, which develops and implements the business unit's strategic playbook.

This role will be based in Cape Town.

What will make you successful in this role? The key responsibilities include:

1. Monthly financial management reporting in accordance with the Santam Group requirements and accounting policies, including IFRS and Regulatory requirements.
2. Ensure accurate technical accounting of all reinsurance arrangements.
3. Establish processes to ensure efficient and effective delivery of reporting requirements by Business Units within the required Group Reporting timelines.
4. Support financial reporting changes necessitated by business changes.
5. Variance analysis and reporting of revenue and expenses, managing head office cost allocation rules relevant to Santam Re.
6. Forecasting, budgeting, scenario planning, and analysis, including supporting the Santam Re Business with financial planning and strategic business case development.
7. Implement and manage accurate Statutory (IFRS) and Regulatory reporting processes.
8. Manage review and audit engagements by external auditors.
9. Lead team management, training, mentoring, and coaching.
10. Lead strategic projects, including business case development and strategy management reporting.
11. Coordinate monthly and quarterly reporting to various stakeholders, ensuring alignment with Group Finance.
12. Perform ad hoc data analytics and reporting.
13. Lead and manage a diverse team, driving employee engagement, succession, and development.
14. Act as trusted counsel to the CEO and Santam Re Exco.

Qualifications and Experience:

• Minimum 10 years in a senior financial role.
• Experience setting up financial reporting processes.
• Data management and analytics experience strongly recommended.
• Experience in reinsurance technical accounting and Enterprise Risk Management reporting advantageous.
• Insurance industry experience strongly recommended.

Knowledge and Skills:

• Financial reporting systems experience.
• Excellent analytical, communication, and relationship management skills.
• Ability to work under pressure with resilience and a positive attitude.
• Strong attention to detail, self-confidence, and assertiveness.
• Skills in leading, planning, organizing, analyzing, interpreting, creating, and adhering to principles and values.

Core Competencies:

• Cultivates innovation
• Customer focus
• Drives results
• Collaborates
• Being resilient

About The Company:

Santam is the market leader in the general insurance industry in Southern Africa, expanding into emerging markets in Africa and Asia. Our success is rooted in our passion for clients and delivering Insurance Good and Proper.

We're about people.

We aim to recruit the best people, embracing diversity and transformation to create an inclusive workforce that reflects societal demographics. We prioritize employment equity and give preference to applicants from designated groups in line with our targets.