Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

We are seeking a dynamic and strategic Chief Financial Officer (CFO) to join the Social Investment Cluster. This pivotal role is designed for a visionary financial leader who will be responsible for a significant business unit, function or segment. The successful incumbent needs to be passionate about defining and implementing financial strategy and ensuring the ongoing financial soundness and profitability of the business unit, function or segment. The CFO will be instrumental in achieving results through other managers and their teams, over periods of 1 to 2 years.

Key Outputs

Contributes to and implements financial strategy.Translates strategy into business plan.Monitors financial processes and performance for business unit/segment.Accountable for preparation of financial reports and record keeping for business unit/segment.Drives commercial aspects of business.Ensures best financial operating practice and IAS compliance within a unit.Responsible for audit liaison as well as tax, legislative & statutory requirements.Influences business on corrective actions required on issues raised by financial accountant.Could include consolidation of accounts.Looks for opportunities to minimise tax and improve the organisation's position.Has responsibility for significant business unit, function or segment.

Manage and coordinate the company's financial function, including general accounting, cost management, budgeting, and payroll, in accordance with corporate policies and procedures to meet the company’s business requirements. This is the top finance position for a specific location, but it is governed by policies and frameworks established by the larger corporation.

ResponsibilitiesFinancial Policies, Guidelines, and Protocols

Lead and coordinate the development and delivery of financial policies, guidelines, and protocols across the business to ensure the company complies with regulations and good financial practice.

Financial Management and Control

Take responsibility for developing and delivering the organization's financial management and/or control systems.

Financial Modeling

Undertake strategic and tactical financial analysis, modeling, and evaluation to support business leaders in their decision-making.

Data Collection and Analysis

Make authoritative recommendations that have a significant impact on the business over the short and long term. Recommendations could be technical or professional in nature.

Organizational Risk Management

Take responsibility for developing and delivering the organization's risk management and/or risk control policies and procedures.

Financial Information Systems

Own the development of financial systems for the company or group. Own the governance of finance systems to ensure they adhere to group accounting and statutory rules.

Functional Strategy Formation

Lead the development and implementation of strategy for a significant area of responsibility, anticipating complex issues, challenges, and opportunities and ensuring integration with wider corporate strategy.

Information and Business Advice

Provide authoritative specialist advice to the leadership team of a small or nationally based organization or subsidiary to guide the implementation of policy and the design and implementation of projects and change initiatives.

Leadership and Direction

Identify and communicate the actions needed to implement the function's strategy and business plan within the business area or department; explain the relationship to the broader organization's mission, vision, and values; motivate people to commit to these tenets and do extraordinary things to achieve local business goals.

Performance Management

Manage and report on the performance of the function/business area; set appropriate performance objectives for direct reports and hold individuals accountable for achieving them; take appropriate corrective action where necessary to ensure the achievement of annual business objectives.

Organizational Capability Building

Identify the capabilities needed to meet the current and emerging business needs of a significant business area. Evaluate current capabilities, identify gaps, and prioritize development activities. Motivate others to develop their capabilities and fulfill their personal potential. Build capabilities elsewhere in the organization through mentoring and other informal methods.

Budgeting

Take responsibility for setting and managing area budgets so they align with organizational strategy.

Skills

Accountability, Accounting, Adaptive Thinking, Budget Management, Business Objectives, Communication, Corporate Strategies, Data Compilation, Data Controls, Evaluating Information, Executing Plans, Finance, Financial Accounting, Financial Acumen, Financial Auditing, Financial Management, Financial Modeling, Leadership, Management Accounting, Numerical Aptitude, People Management, Policies & Procedures, Strategic Objectives

Competencies

Balances Stakeholders

Business Insight

Decision Quality

Ensures Accountability

Financial Acumen

Instills Trust

Manages Complexity

Optimizes Work Processes

Education

Chartered Accountant (Required), NQF Level 9 – Masters

Closing Date

19 January 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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