Financial Manager (Scheme Finance) MMH260703-4

Role Purpose

Preparation, interpretation and presentation of accurate financial information.

Requirements

• CA (SA) accreditation is essential
• 2 - 3 years' experience in the insurance industry
• Understanding of the financial services environment

Duties and Responsibilities

• Financial reporting in compliance with statutory requirements
• Review and presentation of accurate financial information, monthly management accounts and annual financial statements to internal and external stakeholders.
• Review and submission of regulatory reporting requirements for the Council for Medical Schemes
• Develop and maintain relationships with Board of Trustees, Scheme Committees and Scheme Management.
• Oversee the delivery of accurate and relevant management reports and analysis that add value and insight for the business.
• Deliver monthly financial statements to stakeholders within agreed timeframes and adequately address and resolve stakeholder queries.
• Manage the implementation and adherence to financial controls and ensure that authorisation levels are adhered to and raise any exceptions with the relevant stakeholder.
• Implement process improvements in order to enhance financial management processes and creates efficiencies.
• Prepare and provide necessary documentation to complete timely audit.
• Contribute to the internal and external audit process and resolve any audit queries within deadlines.
• Manage the resolutions of scheme financial queries.
• Review the reconciliations of the transactions on the bank statement and sub ledgers to the General Ledger.
• Investigate, identify and make improvements for effective cost management.
• Manage execution of the financial aspects of contracts and verify that all financial commitments listed in agreement are met based on the terms written in the contract.
• Implement system improvements in order to enhance financial management processes and create efficiencies.
• Monitoring of financial compliance with the Medical Schemes Act and the regulations thereto including the review and understanding of changes to legislation and review of impact upon the Scheme and the communication of the impact upon the Schemes.

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