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Malawi Group CFO

Published on 12.01.2022

Company

Website : https://www.oldmutual.co.za/
Industries :
Advice, audit, accounting
Services other
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Old Mutual Limited is a premium pan-African financial services group that offers a broad spectrum of financial solutions to retail and corporate... read more

Job Ad & Profile Description

Position : Malawi Group CFO

Job Description

The individual will be accountable for defining and implementing financial strategy for the Malawi Group and ensuring the ongoing financial soundness and profitability of the Group. The successful candidate will be accountable for achieving results through other managers and their teams over the long term.

The CFO, will be expected to provide overall leadership to the finance team. He/she will develop and nurture a sustainable long-term financial operating environment.

JOB SPECIFICATION

The individual will be accountable for defining and implementing financial strategy for the Malawi business and ensuring the ongoing financial soundness and profitability of the Group. The incumbent will develop tools and systems to provide critical financial and operational information to the GCEO and make actionable recommendations on both strategy and operations. The role will ensure that the Malawi business is aligned to the Old Mutual Limited requirements, policies and frameworks.

The successful candidate will be accountable for achieving results through other managers and their teams over the long term.

The Group CFO, will be expected to provide overall leadership to the finance team. He/she will develop and nurture a sustainable long-term financial operating environment.

Objectives And Responsibilities

DEVELOPS AND DRIVES FINANCIAL STRATEGY

Accountable for setting policy and financial strategy for capital management and for compliance with accounting standards across the business. Aligns financial and governance strategy to needs in the external market (inclusive of legislative changes). Defines and implements best operating practices for the financial function. Provides scenarios and analysis to enable long term strategic planning (+3yrs) and decision making

TRANSLATES AND CASCADES STRATEGIC DIRECTIVES INTO OPERATIONAL GOALS

OVERSEES FINANCIAL MANAGEMENT

Identify, construct, and track the right financial metrics aligned to business strategy outcomes. Efficient revenue management – accurate recording, reconciliations and reporting. Drive the development of revenue optimisation strategies. Efficient and effective expense management through budgeting support, monitoring and analysis and engagement with value chain functions. drive expense optimisation programmes across the business. Balance sheet management – responsible for actuarial liability and accounting provision assumption setting and provisions in line with the group financial management framework. Ensure optimal capital structure and management. Enable executives responsible for interface to group functions to manage cost/benefit for outsourced and group services (e.g. human capital, marketing, etc).

OVERSEES INTERNAL AND EXTERNAL REPORTING

Accurate, timely and fit for purpose financial reporting for group, statutory and regulatory reporting requirements as well as internal business management. Compliance with IFRS, RBM and MSE listing and any other external regulatory requirements. Ensure group reporting and external reporting portrays old mutual corporate effectively for investors and shareholders to appropriately understand, model and value the business.

LEADS BUSINESS PLANNING AND ANALYSIS

Lead the annual business planning process. Provide input and analysis to enable planning. Ensure alignment of the financial plan with the segment strategy.

FACILITATES ROBUST BUSINESS PARTNERING AND STAKEHOLDER MANAGEMENT

Provide ongoing thought leadership and expert decision support for all parts of the value chain. Work with customer segment teams to ensure accurate support on business casing new opportunities and customer propositions. Manages broad stakeholder relationships. Role model client centric behaviour.

MODELS MANAGEMENT & LEADERSHIP EFFECTIVENESS

Define performance parameters and measurements for area under supervision. Manage service delivery through other managers and their teams. Hold first line managers accountable for managerial work, including selection, performance management and talent management. Ensure effective talent management including succession planning, skills development and training for a sustainable operating model and diverse high performing team. Encourage a culture of continuous learning and development in the organization. Champions and enables change initiatives and facilitates constructive culture shift.

Required profile for job ad : Malawi Group CFO

Skills

Education

  • Bachelor of Accounting (BAcc): Accounting Finance (Required), Chartered Accountant: Accounting (Required)

Closing Date

20 January 2022

Job criteria for job ad : Malawi Group CFO
Job category :
Accounting, controlling, finance
Industries :
Advice, audit, accounting
Services other
Employment type :
Permanent contract
Region :
Blantyre - Central - Lilongwe - Mzuzu - Northern - Southern
Experience level :
2 to 5 years
Educational level :
Bachelor
Number of Position(s) : 1

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