Reporting to the Head – Operational Finance. Overall responsibility for all components of monthly reporting to Corporate Finance and corresponding reconciliations. Responsible for daily/weekly/monthly processes with respect to the payment of Claims and Exit payments to members. There must be a focus on simplification and automation. Ultimate involvement in the oversight of IT Agile teams. Involvement in Risk management processes. Responsible for IFRS 17 reporting and ongoing requirements.
Relevant to both PPS Insurance & PPS Namibia.
Education:CA(SA)Experience:
At least 10-12 years post article experience
Management experience (5+ years)
Industry experience (10+ years)
Work non-standard business hours from time to time.
Financial/Administration experience
Experience in the development and enhancement of current business processes.
Working knowledge of IFRS.
Competencies:The candidate must have an ability to identify automation opportunities and therefore an understanding of how the operations finance systems are functioning.Must consistently meet deadlines.Must be able to manage and engage with larger teams.Good stakeholder management.Complex problem solvingAdapting and responding to changeInnovation and Forward ThinkingPersuading and InfluencingDeciding and Initiating ActionDuties and ResponsibilitiesMonthly reporting
Ultimate responsibility for the completeness and accuracy of the Policy administration system trial balance for PPS Insurance and PPS Namibia.
Improve and monitor day-to-day operational finance systems and processes and ensure the monthly reporting for all financial processes reporting (cash Books, bank accounts and payment processes, cash control accounts, insurance receivables and payables) is done accurately and completely.
Review of monthly reconciliations.
Review of IFRS17 submissions and responsible for all further requirements.
Responsible for all other Group Finance regulatory reporting requirements.
Claims and Exit payments to members.
Responsible / oversight for processes and managers heading up the relevant areas, ensure key performance indicators (KPIs) are in place and targets and service level requirements are met.
Specifically, regarding Exit payments - oversight of key business processes such as the complex calculation and settlement of Exit benefits. Driving the automation and simplification of processes specifically regarding this area.
Supports the Head – Operational Finance in the development of financial and budgetary plans.
Overall responsibility for the staff management of these areas.
Risk, Compliance and Governance
Ensures compliance of all Operational Finance services to the defined Security, Risk and Governance frameworks of PPS.
Maintain and continuously improve policies, standards and procedures to ensure demonstrable regulatory and legal control for all information and risk for the organization from an Operational Finance perspective.
Maintain the Operational Finance risk register, contribute results to corporate dashboard submitted to the Audit and Risk Committees of PPS (Together with Head – Operational Finance & Group Risk Function).
Complete Operational Finance risk assessments and escalate key issues (where necessary) to the Head – Operational Finance.
Stakeholder management
Liaising across the subsidiaries, participating in real-time online conversations by answering questions, offering solutions, mediating conversations, and developing an Operational Finance team for this purpose.
Supporting the larger Operations areas in a technical and financial capacity where required.
People Leadership and Culture
Provide team leadership ensuring the effective implementation of strategy through leadership of the management team (setting individual objectives, managing performance, developing and motivating team members, provision of formal and informal feedback and appraisal) in order to ensure that the highest level of performance is achieved.
Mentor team members as needed or required; conducts peer review of key deliverables.
Creates an environment where people are encouraged to take ownership and use their initiative to find the best way of implementing plans.
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