Financial Director

Job Description

M-Sure has been focused on providing the best Value Added Products (VAPS) to our clients for over 20 years. Previously known as Regent VAPS & SA Warranties, the coming together of these two powerful brands led to a new brand with a shared vision of driving smart solutions in the automotive industry in South Africa. M-Sure is a subsidiary of Motus Holdings, a leading JSE listed company in the Automotive Industry & is seeking to employ an energetic, deadline driven & hardworking individual with strong financial acumen in the role Finance Director. The company is based in Edenvale, Johannesburg.

The purpose of this role is to lead business & its development through collaboration with the M-Sure Executive Team, Board of Directors, & finance team. To direct, add value & enable business decisions through strong leadership capabilities, exceptional strategic thinking, & attention to detail. The role requires an understanding of South African financial & compliance regulations.

The role will report to the Managing Director of the division & have three direct reports

Position Overview

Main activities will include:

• Overall responsibility and oversight of the division’s financial department and results
• Responsibility for all financial matters, including management & financial reporting; budget development, planning & analysis, billing, debtors, creditors and fund accounting
• The management of operational matters, including directing of staff and monthly payroll
• Leading financial processes while ensuring cost containment and financial discipline, effective management of internal and external audit

Specific Role Responsibilities

• Strategic Financial Leadership:
  • Lead the development and implementation of the division's financial strategy in alignment with business objectives
  • Advise the executive team and board on financial planning, forecasting, and risk management
  • Champion projects that have broad implications across the organisation by aligning and influencing all key stakeholders
  • Provide key insights to support business growth, acquisitions, and other strategic initiatives
  • Participation in board, executive & insurance fund committees
• Financial Management & Reporting:
  • Oversee accounting standards selected and implemented by the organisation
  • Oversee the preparation of accurate and timely financial statements and other financial reporting in compliance with IFRS (International Financial Reporting Standards) and relevant South African regulations
  • Ensure the integrity of the division's financial reporting, including monthly, quarterly, and annual financial statements and other financial reports
  • Identify and implement best practice management; provide strategic insight on the content of reports
  • Select and drive the development of appropriate financial and operational indicators
• Analysis, forecasting and budgeting:
  • Lead budgeting and forecasting processes and ensure financial plans are aligned with business objectives
  • Set standards for business analysis to support strategic direction and comparison; develop and implement finance solutions to complex and high-value commercial decisions including risk and business delivery
• Financial Process, Control, Compliance & Risk Management:
  • Analysis of insurance product performance & interact with actuaries.
  • Ensure compliance with local tax laws, financial regulations, and governance standards in South Africa
  • Manage internal controls and implement best practices to mitigate financial risks
  • Identify and manage financial risks and ensure the development of appropriate risk management frameworks
  • Oversee the auditing process and liaise with external auditors, tax department, and other regulatory bodies
  • Set demanding and realistic targets for process improvement and ensure changes to existing processes are carried out in a systematic and logical way
• Team Leadership & Development:
  • Lead, mentor, and develop the finance team, fostering a high-performance culture
  • Ensure proper staff training, performance evaluations, and succession planning within the finance department

Qualifications and Experience

• CA (SA) and 10 years post articles work experience
• Experience in a leadership role in a similar environment.
• Experience in Financial Risk Management in insurance sector
• Experience with governance, policies, & financial controls.
• Critical thinking and inquisitive nature
• An entrepreneurial spirit
• Strong operational finance & people management experience.
• Strong focus on ensuring internal controls are in place to mitigate risk & ensure the safeguarding of business assets
• Strong analytical ability to interpret financial information, attention to detail
• Ability to multi-task, cope under pressure, and succeed in a high-performance culture
• Strong ability to adapt to change
• Strong verbal and written communication
• Strong MS Office skills (Word, Excel (Advanced), PowerPoint, Visio)
• Good current-day knowledge of IFRS
• Experience with business & financial systems.
• Experience in the motor or financial services industry will be advantageous

Skills and Personal Attributes

• Clear criminal and credit records
• Own and live up to the Company values
• Attend training initiatives to improve work quality and enhance own skills