Finance Manager

Location: Johannesburg, South Africa
Salary: Market
Recruiter: We Place
Job Ref: JHB000222/JC
Date posted: Monday, December 23, 2019
Summary: We have an exciting opportunity at a Commercial Bank in Sandton. They are looking for a Financial Manager to review financial reports, monitor accounts and prepare the activity reports and financial forecasts.Furthermore; provide the necessary support and analysis to Senior Management to add value that will assist in decision making.



Job Description


  • Understand the operations of the various systems feeding into the GL for the Insurance Partner.
  • Understand Billing for Insurance Partner
  • Review GL mapping to ensure accuracy and consistency for Insurance Partner
  • Improve processes, turnaround times and controls within the finance area for Insurance Partner
  • Implementation of controls to mitigate process weaknesses.
  • Pursue potential cost saving/ revenue enhancement initiatives for Insurance Partner where applicable
  • Provide expert advice to Senior Management regarding the Finance Operations and processes and procedures involved.
  • Communicate such change to all departments and advise executives to facilitate decision.
  • Provide expert advice on proactive measures to be taken into account and ensure streamlined process implementation.
  • Manage the financial risk for Insurance Partner.
  • Utilize management information tools innovatively to assist the business unit in their decision making process.
  • Analyse performance of the business and deliver only relevant information to the Management team to enable them to recommend appropriate actions, in order to improve business performance across the division / business unit
  • Analyse and interpret financial information and forecasting as well as the measurement, and to report financial results for the division / business unit to provide early warning to management of any probable issues and proposed solutions
  • Monitor and review business performance results on a monthly and quarterly basis, supported by the preparation and despatch of business performance reports
  • Continuously monitor performance and progress of the Insurance Partner, in relation with agreed key performance measures
  • Revenue leakage identification, analysis, reporting and tracking
  • Development and maintenance of profitability and pricing models where required
  • Knowledge and analysis of pricing, in regard to being able to correlate income with costs
  • Financial Analysis of MI and key performance indicators
  • Monitor product performance, pricing and profitability analysis
  • Maintain activity based costing methodologies in conjunction with Bank 

Minimum Requirements:

  • CA (SA)
  • 5 years’ previous experience in managing a business area
  • Understanding of operations in the bank
  • 3-5 years’ experience in similar industry and role

Should you not receive a response from us within one week of your application, your application has unfortunately not been successful.

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