Head of Finance 28 views

Purpose:

A financial services company is seeking a Head of Finance who will be responsible to lead a team responsible for the management and analysis of all financial activities; make recommendations in line with company strategy to enable the business to make informed financial decisions

Key Job Outputs:

• End to end financial responsibility of a specific product line in Transactional Services
• The HOF will be responsible to manage the validity, accuracy, and completeness of the financials for the product
• Tracking p and l of the product daily and reporting to the daily P&L CIB tracker
• Manage the processing and reporting of month end, quarter end, half year and year end to stakeholders in business, the CFO TS and group finance
• Review and analyse ratios relevant to profitability and return for the product
• Provide insight on key drivers of profitability and returns
• Robust understanding of the revenue drivers for the product and monthly review and reporting on validity, accuracy and completement of the expenses
• Ongoing collaboration with business on cost saving initiatives, set up and agree measurement targets for cost savings
• Track and report on a monthly basis
• Ensure that all products are reporting in line with International Financial reporting standards
• Manage daily activities to ensure accuracy and completeness of financials
• Conduct business-related activities prior to month-end to ensure the correctness of financial results
• Track ongoing financial performance by analysing month-end results and reporting to business and the Group
• Enable financial performance against targets by identifying deviations and recommending corrective action or providing justification
• Ensure business continuity by having processes and systems in place to support all activities
• Meet internal customer requirements to ensure adherence to service level agreements
• Build and maintain relationships with internal and external stakeholders through regular engagement
• Participate in internal and external forums and committees to share and acquire understanding of factors influencing the business and the Group
• Engage and co-ordinate with the business to translate business strategy into approved financial plans and targets in line with Group and regulatory requirements
• Ensure compliance by managing adherence to Group Risk and Compliance policies and regulatory requirements
• Mitigate financial risk by staying abreast of and aligning to changes in accounting standards, policies and regulatory requirements
• Plan, co-ordinate and manage team to achieve deliverables
• Enhance productivity by identifying, implementing and supporting process improvements
• Meet business objectives by making timeous and informed decisions
• Optimise efficiency and embed correct values by ensuring direct reports understand and support company vision, values and strategy and are measured on delivery against these
• Manage performance of reports and hold them accountable for managing the performance of their reports by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognising and rewarding achievement and taking appropriate corrective action where required
• Identify relevant development needs by assessing own performance and behaviour through formal and informal feedback
• Drive to execute own and direct reports planned development by attending learning, seeking coaching or other industry or technical learning events and opportunities
• Maintain a capable high performing team by identifying a talent pool through conducting career conversations and utilising the talent grid principles and developing talent retention programmes (e.g. rotation)
• Build depth of skills and knowledge in the team of managers by sharing knowledge and insight with team members, ensuring mentoring, coaching and day to day activities
• Improve productivity and reduce costs by improving work processes through offering innovative ideas and input and soliciting input from managers and teams
• Ensure transformational targets are met through consideration of targets during the staff recruitment, retention and training process and utilising suppliers listed on the preferred supplier list for department
• Contribute to a culture conducive to the achievement of transformation goals and support business strategies that improve the corporate image by ensuring self, managers and team participation in company culture building initiatives
• Deliver a world class service through others by ensuring a client centric culture through required interventions
• Identify areas of resource inefficiencies and promote optimisation through promoting multi-skilling and addressing capacity gaps by reviewing and improving work processes

Core Competencies:

Technical

• Business administration and management
• Client service management
• Financial accounting principles
• Governance, risk and controls
• Principles of project management
• Relevant regulatory knowledge
• Stakeholder management
• Strategic planning
• Talent management

Behavioural

• Building partnerships
• Communication
• Building talent
• Guiding team success
• Continuous improvement
• Building partnerships
• Driving for results

Qualifications:

• Essential: Advanced Diplomas/National 1st Degrees
• Preferred: Chartered Accountant

Experience:

• 7 years financial management in financial services sector
• 5 years managing others

Salary:   Market related

Should you not hear from us within 2 weeks, kindly consider your application as unsuccessful.

All personal information received will be processed in accordance with The Protection of Personal Information Act No. 4 OF 2013