Senior Financial Manager Ifrs - Insurance Sector Experience Is Essential Neg

IntroductionBA Personal as a specialist in our field of expertise with extensive experience in placing niche and specialized roles both Nationally and Globally, is known for attracting and representing high caliber candidates. Our clients are diverse leaders in their respective industries and representatives across all business sectors.Excellent opportunity for a highly experienced SENIOR FINANCIAL MANAGER, IFRS experience is essential - this role is within the Insurance.Duties & ResponsibilitiesUndertake strategic and tactical financial analysis, modeling, and evaluation to support business leaders in their decision making. Aiding business in structuring new commercial deals taking into account optimal TIH profit requirements whilst satisfying new partner relationships and expectations. Post project implementation tracking/reporting. Raise post project flags with relevant stakeholders and assist with implementation of corrective action measures within the agreed SLA. Manage the project review process; accurate and relevant information and recommendations provided to stakeholders to enable progress evaluation and agreement of change. Act as a custodian of existing STI business cases financial modeling to evaluate ability/feasibility using applicable financial management tools i.e., NPV, IRR etc., and provide recommendations to senior management. Lead ad-hoc analytical/modelling work to provide insights into critical decision factors. Timely hand-over of new business reports.Financial Management and ControlManage a significant portion of the organisation's financial management and/or control processes including strategic investment areas. Management of the legal entities within the organisation's compliance with International Financial Reporting Standards (IFRS) and other regulatory requirements such as the Companies Act and identifies areas of improvement. Management of team to ensure that each legal entity's financial records are accurate and up-to-date and that all financial transactions are correctly recorded and documented. Detailed review of monthly, quarterly and annual financial statements to ensure compliance with International Financial Reporting Standards (IFRS).Management and submission of quarterly and annual returns to ensure regulatory compliance with the Prudential Authority (PA) and other regulatory bodies. Management and submission of organisational entity budgets used for capital forecasting and group capital management.Financial Policies, Guidelines, and ProtocolsDevelop and deliver financial guidelines and protocols to ensure the company complies with regulations and good financial practice. Lead and co-ordinate the development and delivery of financial policies, guidelines, and protocols in own area of specialisation to ensure the company complies with regulations and good financial practice. Keep abreast of international reporting standards and all regulatory and legal frameworks. Ensure that all finance practices align to the regulatory and legal frameworks.Leadership and DirectionIdentify and communicate the actions needed to implement the function's strategy and business plan within the business area or department; explain the relationship to the broader organisation's mission, vision and values; motivate people to commit to these and to doing extraordinary things to achieve local business goals.Performance ManagementManage and report on the performance of a substantial, diverse team; set appropriate performance objectives for direct reports or project/account team members and hold them accountable for achieving these; take appropriate corrective action where necessary to ensure the achievement of team/personal objectives. Advise on corrective action measures where necessary to ensure the achievement of annual business objectives. Responsible for all aspects of staff resourcing, succession planning, management and development ensuring the right people are in place to support service delivery, achieving the goals of the finance function.AuditDevelop and/or deliver a plan for significant aspects of audit control with guidance from senior colleagues. End to end management of the organisation's external audit process, includes items such as; planning and overseeing audit strategy and timelines; communication with external auditors on significant changes within the business, and/or development of accounting policies; managing sign-off of technical position papers; managing collaboration of finance, audit, and business team to ensure audit internal and external deliverables are met; management of response to audit findings, to ensure only relevant items are reported, and that all reported items are adequately addressed subsequently; and management of finance component/contribution in relation to internal audit process.Insights and ReportingSet and lead execution of the data and analytics reporting plan, creating strategies and templates to report data in a meaningful way. Create, present, and communicate high-impact data and analytics insights and recommendations to critical internal and external stakeholders. Provide STI level FP&A insights. Assist the head of FP&A in updating reports with the latest results and variances; forming supporting commentary; and meeting corporate deadlines. Work closely with the Finance Operations and Systems team to build and enhance current processes and tools to facilitate the right level of management reporting/KPI reporting in the group to senior leadership. Provide high quality ad-hoc analysis as required. Contribute to the design and creation of reporting strategies and templates. Lead execution of complex reports, identify and interpreting complex patterns and trends, and translate those insights into user specific format to enable actionable recommendations and aid decision making.Identify and manage stakeholders up to top management level, finding out their needs/issues/concerns and reacting to these by leading and coordinating the development of stakeholder engagement plans to support the communication of business information and decisions.Manage relationships with internal clients and act as a business partner to them, building high levels of professional credibility and mutual trust, and managing the deployment of appropriate internal and/or external resources to support in delivering business strategy and plans. Provide authoritative specialist guidance to the relevant business unit or regional level to enable the implementation of policies, projects, and change initiatives. Advise and liaise with business regarding accounting best practice for new and existing business projects to ensure operational efficiencies and relevant financial and regulatory compliance.BudgetingDevelop and/or deliver budget plans in collaboration with the relevant stakeholders. Work with the relevant stakeholders on budgeting and financial forecasting related to area of functioning.Data Collection and AnalysisMake authoritative recommendations based on expertise that have a significant impact on the business over the short and long term. Recommendations could be technical or professional in nature.Plan and deliver financial systems changes and manage the team on a day-to-day basis to meet project timelines and quality and budget requirements. Engage with finance users to identify requirements and work with the team to design solutions. Ensure user and financial templates are maintained and compliant with accounting and/or other developments within the industry. Management of Financial Information Systems to ensure optimal use for all reporting purposes.Personal and Team Capability BuildingFunction as subject matter expert in an area of technology, policy, regulation, or operational management for the team. Maintain external accreditations and in-depth understanding of current and emerging external regulation and industry best practices through continuing professional development, attending conferences, and reading specialist media. Use the organisation's formal development framework to identify the team's individual development needs. Plan and implement actions, including continuing professional development specified by professional or regulatory institutions, to build their professional capabilities and any performance gaps identified.Information and Business AdviceProvide authoritative specialist advice to the leadership team of a business vertical or subsidiary to guide the implementation of policy and the design and implementation of projects and change initiatives.Desired Experience & QualificationGeneral EducationEXPERIENCEGeneral Experience8 or more years' experience as a Senior Management Accountant (Essential);3 or more years' experience and exposure to business operations (Essential);5 years post articles outside of an audit environment (Essential);Financial Insurance Experience (Advantageous); Experience in Financial Services environment (Advantageous).Managerial Experience5 or more years' management experience (Essential)
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