Segment Chief Financial Officer Jobs in Cape Town, South Africa at Old Mutual
Description
Develops and drives the financial strategy for the segment aligned to the business strategy and oversees operational delivery of the finance portfolio and provision of strategic finance support to the business. The incumbent develops tools and systems to provide critical financial and operational information to the MD – Corporate and makes actionable recommendations on both strategy and operations. The role ensures that the segment is aligned to Group requirements, policies and frameworks
The incumbent is accountable for achieving results through internal and external stakeholders over periods of up to 5 years.
• Part of the CFO forum run by the OML Group CFO.
• Participates in the Old Mutual Corporate Executive Committee, and as such contributes to the wider strategy and delivery of the segment.
• Chairs the segment’s RICA (Risk Compliance and Audit) committee
Key Responsibilities but not limited to:
Develops and drives Segment 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
Facilitates investment decision making process for operational and strategic projects
Provides M&A support to the business working with internal and external partners
Translates and cascades Strategic directives into Operational goals
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)
Accurate, timely and fit for purpose financial reporting for Group, regulatory reporting requirements as well as internal business management
Compliance with IFRS, Prudential Authority, FSCA, JSE 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
Lead the annual business planning process
Provide input and analysis to enable planning
Ensure alignment of the financial plan with the segment strategy
Assist customer segment heads to craft customer level pricing strategies
Provide input into product pricing and assumption setting
Enable financially informed decisions at product and customer levels
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; transformation per the BBBEE targets of the segment and national EAC (economically active population), skills development and training for a sustainable operating model and diverse high performing team
Encourage a culture of continuous…
Title: Segment Chief Financial Officer
Company: Old Mutual
Location: Cape Town, South Africa
Category:
