Finance Business Partner

Talent Trace; Rosebank; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading company in South Africa seeks a Finance Business Partner to provide comprehensive financial reporting, strategic insights, and support for business units. Key responsibilities include preparing financial reports, collaborating with senior management, and improving financial processes. The ideal candidate should possess a Bachelor's degree in finance or accounting and have substantial experience in a similar role, particularly in the insurance sector.

Qualifications

• 5+ years experience in finance, including business partnering.
• Working knowledge of short-term insurance.
• Experience in coaching and developing team members.

Responsibilities

• Provide timely and accurate financial performance reporting.
• Support business planning and decision-making processes.
• Develop and track key performance indicators (KPIs).

Skills

Commerciality

Problem Solving

Analytical Skills

Communication

Strategic Thinking

Education

Bachelor's degree in Finance or Accounting

Job description

The Finance Business partner will be responsible for the provision of timely and accurate financial performance and budgetary reporting as well as business partnering insights to the Insurance Company's Leadership Team and finance support to the assigned business units.

Key Accountabilities
Business Partnering - To Specific Assigned Business Units

• Ensure accurate and timely financial reporting in compliance with relevant standards and regulations.
• Prepare and present financial reports and dashboards to senior management, highlighting key insights and recommendations.
• Provide strategic financial advice to business unit leaders to support business planning and decision-making processes.
• Collaborate with senior management to develop and implement financial strategies that align with the company's objectives.
• Monitor and analyse business performance, identifying trends, risks, and opportunities.
• Develop and track key performance indicators (KPIs) to ensure alignment with strategic goals.
• Conduct variance analysis and provide insights into financial performance against budget and forecasts.
• Identify opportunities for process improvements within the finance function and across business units.
• Implement best practices to enhance efficiency and effectiveness in financial planning, analysis, and reporting.
• Participate in or lead cross-functional projects, providing financial expertise and strategic insights.
• Support business units in evaluating new initiatives, investments, and strategic projects.
• Leading ad hoc projects

Stakeholder Management
Stakeholders Include:

• Finance Team
• Chief Financial Officer
• Group Reporting
• Actuarial department
• Assigned Business Units

Capabilities

• Experience in working with and providing support to a team of professionals
• High degree of commerciality and business acumen
• Able to delegate
• Financial management
• Knowledge sharing
• Strong analytical and problem-solving skills, with the ability to interpret complex financial data.
• Excellent communication and presentation skills, with the ability to convey financial insights to non-financial stakeholders.
• Proven ability to build and maintain relationships across different levels of the organisation.
• Strategic thinker with a proactive approach to problem-solving.
• Strong business acumen and understanding of operational processes.
• Ability to work independently and as part of a team.
• High level of integrity and professionalism

Education and Experience

• Bachelor's degree in finance, Accounting or a related field.
• Minimum of 5 years of experience in a finance role, with at least 2 years in a business partnering capacity.
• Experience in short-term insurance accounting and experience in working with coaching and developing team members

Additional Information

• This role is based at our Head Office (15 Biermann Street, Rosebank Johannesburg).
• Within the context of the Insurance Company Limited's Employment Equity Policy, all eligible candidates will be considered, however, preference will be given in the following order:
• The suitability of the candidate based on job-specific selection criteria of equally suitable candidates, the candidates from the designated group within the ambit of the Insurance Company Limited's Employment Equity Policy.
• Your application will only be considered should you meet the minimum requirements of the vacancy.
• If you have not received a response within 14 days from the closing date, please consider your application unsuccessful.
• The company reserves the right to not fill this post

Desired Skills:

• Insurance Industry Experience
• Bachelors Degree in Finance or Accounting
• Working Knowledge of Short Term Insurance

Desired Work Experience:

• 5 to 10 years Executive Management / Director