Senior Finance Manager

The Focus Group; Johannesburg; Hybrid; ZAR 300,000 - 400,000; Full time

Job summary

A leading insurance company in Johannesburg seeks a Senior Finance Manager. Responsibilities include financial reporting, budgeting, internal controls, and team leadership. Candidates should have a Bachelor's degree in Accounting, CA or CFA certification, and at least 3 years in financial management. The role offers competitive remuneration and performance-based bonuses.

Benefits

Performance-based annual bonus

Subsidized Life and Disability Cover

Funeral Cover

Qualifications

• Minimum of 3 years of experience in financial management roles.
• Strong understanding of IFRS and regulatory requirements.
• Excellent analytical, problem-solving, and decision-making skills.

Responsibilities

• Oversee the company's financial operations ensuring reporting and compliance.
• Lead the annual budgeting process and monitor financial performance.
• Manage and monitor cash flow to ensure liquidity.

Skills

Financial reporting

Budgeting

Internal controls

Cash flow management

Team leadership

Education

Bachelor's degree in Accounting or Finance

Chartered Accountant (CA), CFA or equivalent

Tools

Sage ERP

Job description

Overview

Reports To: Chief Financial Officer
Location: Bedfordview, Germiston (with possibility of Hybrid)

Company Overview:
We are an exciting insurance company, with over 25 years of experience in non-traditional sectors, looking for a Senior Finance Manager to join our team. We are focused on client centricity and solving needs for South Africans with innovation, unique and creative solutions, and products.

Role Description

The Senior Finance Manager will oversee the company\'s financial operations, ensuring accurate financial reporting, robust internal controls, and regulatory compliance. This position requires an individual who is highly motivated and able to handle a fast-moving, dynamic organisation, who is constantly looking to improve and grow. The successful candidate will collaborate closely with the Chief Financial Officer, to ensure operational efficiency is optimised, departments are driven to automation; and areas of cost saving, innovation and revenue generation are unlocked.

The Senior Finance Manager will also oversee the sales enablement department. The individual must be able to provide strategic direction, as well as oversee the practical day-to-day management of the storeroom, dispatching and receiving activities, vehicle maintenance, fuel management, repairs, vehicle roadworthy compliance and internal policy compliance. They will also be responsible for integration and disposal of newly acquired vehicles, seamlessly into the fleet.

Key Responsibilities, Duties, and Tasks

• Financial Reporting & Analysis
  • Prepare and present monthly, quarterly, and annual financial reports.
  • Ensure compliance with accounting standards and local regulations.
  • Conduct variance analysis to provide insights on financial performance.
  • Oversee the preparation of consolidated financial statements for the group.
• Budgeting & Forecasting
  • Lead the annual budgeting process, including developing financial models and scenario analysis.
  • Monitor financial performance against the budget and provide monthly forecasts.
  • Provide strategic input to improve cost efficiencies and revenue growth.
• Internal Controls & Compliance
  • Maintain strong internal controls to mitigate risks and ensure financial integrity.
  • Oversee compliance with tax, legal, and statutory obligations (e.g., VAT, income tax).
  • Liaise with auditors, tax advisors, and regulators to ensure full compliance.
• Cash Flow Management
  • Manage and monitor cash flow to ensure liquidity and optimize working capital.
  • Oversee the treasury functions, including banking relationships and funding strategies.
• Team Leadership & Development
  • Lead, mentor, and develop the finance team, fostering a high-performance culture.
  • Ensure team members are aligned with financial goals and have the tools and training to succeed.
• Process Improvement
  • Continuously assess and improve financial processes and systems to enhance efficiency and accuracy.
  • Implement automation tools and accounting software upgrades where necessary.
• Strategic Business Partnering
  • Partner with key business leaders to provide financial insights that drive decision-making.
  • Contribute to long-term financial planning and strategy development.
• Sales Enablement
  • Monitor the allocation and utilisation of infield marketing assets.
  • Plan stock quantities departmental requirements and manage stock returned process.
  • Oversee and manage the procurement of accommodation.
  • Ensure the sales teams have adequate accommodation within budget.
  • Approve accommodation spend based on distribution lists.
  • Review and analyse accommodation spend, identifying key areas to optimise and improve on.
  • Oversee and manage the procurement of sales incentives.
  • Provide communication to agents on their performance during the month.
  • Manage and oversee FMR, fuel cards and roadside assistance facilities.
  • Manage and oversee fleet allocation and utilisation.
  • Manage departmental staff, including training requirements, performance, discipline, and timekeeping.
  • Supplier relationship building and management.

Qualifications, Skills, and Experience

• Bachelor’s degree in Accounting, Finance, or a related field (MBA or Master’s preferred).
• Chartered Accountant (CA), CFA or equivalent certification.
• Minimum of 3 years of experience in financial management roles.
• Strong understanding of IFRS, and regulatory requirements.
• Advanced proficiency in financial software and ERP systems (Sage).
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership abilities with experience managing and developing finance teams.
• Exceptional communication and presentation skills.

Remuneration & Benefits

• Market-related based on experience.
• Performance-based annual bonus.
• Subsidized Life and Disability Cover.
• Funeral Cover.