Head Financial Control

Momentum Group Limited

About The Position

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms the Momentum Group provides practical financial solutions for people, communities and businesses. Role Purpose Oversee and manage an effective financial control function for the product platforms by implementing professional and ethical financial control practices and services that support strategic financial planning, business decision making and performance.

Requirements

At least 5 years’ experience within Financial Control
At least 5 years’ experience managing a financial team
At least 5 years’ financial services industry experience, with a good understanding of the retail life insurance business
Experience in an Agile, Digital or Data transformation environment
Bachelor’s degree in commerce, with specialisation in Financial Management, Internal Audit and/or equivalent relevant qualification
Relevant post graduate qualification
Qualified CA(SA)
SAICA membership
Knowledge of the insurance and investment industry and applicable regulatory requirements and legislations.
Knowledge of International Financial Reporting Standards (IFRS) and risk management principles.
Awareness of current and emerging technologies
Understanding of digital transformation initiatives and how to integrate new technologies into existing business processes
Analytical approach / good problem-solving skills.
Ability to be flexible with position duties and scope of work
Ability to generate team cooperation.
Strong process knowledge.
Able to work on own initiative and prioritize workload effectively.
Ability to build productive working relationships – internally and externally
Strong interpersonal/ business skills and time management skills.
Ability to communicate effectively both orally and in writing.
Excellent stakeholder management.

Nice To Haves

Experience in delivering a large-scale system migration (desirable)

Responsibilities

Plan and manage the Financial Control functional strategy and operating model
Establishing guardianship in respect of reviewing, training, promoting, and facilitating improvements and maintaining relentless adherence to administrative / financial control functions, policies, procedures, and processes.
Maintain finance governance principles and structures in line with finance best practice (IFRS etc.).
Drive the development and implementation of tools that allow for increased, efficient analytical capabilities that enable business leaders to understand key financial issues in a timely and effective manner.
Partner with business leaders to assess the financial implications of business initiatives and provide input to the financial feasibility of business cases.
Keep abreast of trends, legislation and best practices within the financial control and management field to optimise service offering and delivery.
Provide business leaders with insight regarding the interpretation and explanation of financial analysis, forecasts, and scenarios to guide business decision making.
Oversee the delivery of accurate and timeous reporting (including KPI and operational reports), analysis and insights.
Review consolidated reports to ensure that the information is appropriate and accurate.
Contribute to the audit process and resolve any audit queries within deadlines.
Build and maintain effective business client relationships for successful service delivery in line with business expectations and requirements.