Talent Pool: Finance Manager MMH260714-29

Momentum; Centurion; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

Momentum is seeking a seasoned finance leader to oversee the finance function, ensuring accurate reporting, solvency, cost control and delivering value to members. The role aligns financial activities with strategic objectives and operational efficiency in a regulated environment.

You will manage cash flow, budgeting, statutory reporting under the Medical Schemes Act, IFRS compliance, and drive improvements in controls and processes to support decision-making and performance.

Qualifications

• BCom Accounting or Financial Management or related degree.
• Registered Chartered Accountant with SAICA (CA(SA)).
• 3–5 years of experience in Finance Management.
• Minimum 3 years in a managerial role.
• Knowledge of the Medical Aid Industry is compulsory.
• Knowledge of International Financial Reporting Standards is compulsory.

Responsibilities

• Oversee all financial reporting to align with statutory and regulatory requirements.
• Keep abreast of trends and regulatory changes, communicating implications.
• Review and present financial information, including management accounts and annual financial statements.
• Manage cash flow planning and financial instruments, ensuring funds availability.
• Review financial reports, monitor accounts, and prepare forecasts.
• Oversee budgeting, auditing, tax-related material, and statutory submissions.
• Develop and monitor financial controls and procedures.
• Communicate potential risks in a timely manner.
• Oversee cash, investment, and asset management.
• Monitor solvency ratios and other key financial metrics.
• Facilitate appropriate insurance coverage.
• Champion improvements to financial processes, controls, and reporting frameworks.
• Understand Scheme drivers impacting financial results to inform analysis and recommendations.
• Analyse past trends to support forecasting and target setting.

Skills

Leadership

IFRS knowledge

Financial reporting

Regulatory compliance

Medical aid industry knowledge

Education

BCom Accounting or Financial Management or related degree

Registered Chartered Accountant with SAICA (CA(SA))

Job description

Role Purpose
The objective is to oversee and manage the finance function while adhering to professional and ethical financial practices. This involves providing quality, accurate financial information and reporting to support business processes, decision-making, and performance. The goal is to lead the finance function in alignment with strategic objectives and operational efficiency, with a focus on solvency, cost control, and delivering value to members.

Requirements

• BCom Accounting or Financial Management or related degree
• Registered Chartered Accountant with South African Institute of Chartered Accountants
• Minimum 3-5 years of experience in Finance Management
• Must have 3 years in a managerial role
• Knowledge of the Medical Aid Industry is compulsory
• Knowledge of International Financial Reporting Standards is compulsory

Duties and Responsibilities

• Oversee all financial reporting to align with statutory and regulatory requirements, including the Medical Schemes Act and related regulations.
• Keep abreast of trends, Medical Schemes Act changes and best practice, assess their impact on the Scheme, and communicate implications to relevant stakeholders.
• Review and present the prepared financial information, including monthly management accounts, annual financial statements, and other relevant financial reports to internal and external stakeholders.
• Manage cash flow planning and financial instruments, and ensure the availability of funds.
• Review financial reports, monitor accounts, and prepare activity reports and financial forecasts.
• Oversee the Scheme’s fiscal activity, including budgeting, reporting, auditing, and statutory completion of tax-related material and submission thereof.
• Develop and monitor financial controls and accounting procedures.
• Communicate potential risks timeously.
• Oversee cash, investment, and asset management.
• Monitor financial risk and solvency ratio, and other key ratios.
• Facilitate appropriate insurance coverage.
• Champion initiatives to improve financial processes, controls, and reporting frameworks.
• Have a clear understanding of Scheme drivers that impact financial results, to apply to analysis and recommendations.
• Analyse and review past financial trends to assist Scheme with prediction models, forecasting, scenario testing and target setting, to drive Scheme results.