Scheme Financial Manager

SUMMARY:

POSITION INFO:
This role holds the financial heartbeat of a medical scheme. You’ll oversee financial health, regulatory compliance, and risk management while leading the finance function to support long‑term sustainability, member value, and operational efficiency.

In other words:
You’ll keep the scheme solvent, compliant, well‑governed, and resilient, even when market conditions, regulations, or claim trends try to test your patience.

Key Responsibilities:

• Oversee all financial reporting in line with statutory and regulatory requirements, including applicable healthcare funding legislation.
• Stay ahead of regulatory changes, industry trends, and best practices, translating impact into clear guidance for stakeholders.
• Review and present monthly management accounts, annual financial statements, and regulatory reports.
• Manage cash flow planning, funding availability, and financial instruments.
• Oversee budgeting, forecasting, auditing, and statutory reporting, including tax‑related submissions.
• Develop, monitor, and continuously improve financial controls and accounting procedures.
• Ensure accurate monitoring of financial performance, accounts, and forecasts.
• Monitor solvency ratios, financial risk exposure, and other critical performance indicators.
• Oversee cash, investment, and asset management.
• Facilitate appropriate insurance coverage.
• Communicate financial risks proactively (before they turn into real problems).
• Maintain a deep understanding of scheme drivers that impact financial results.
• Analyse historical trends to support forecasting, scenario testing, target setting, and predictive modelling.
• Champion improvements in financial processes, reporting frameworks, and data quality.

Qualifications, Skills & Experience Required:

• Chartered Accountant or equivalent postgraduate qualification.
• Registered CA with the relevant professional body.
• Minimum 5 years’ experience in Financial Management.
• At least 3 years in a managerial role.
• Medical Aid / Medical Scheme industry experience is essential.
• Strong working knowledge of IFRS and regulated financial environments.
• Excellent communication and leadership skills
• Strong organisational and interpersonal capability
• High level of accuracy and attention to detail
• Ability to balance compliance, risk, and strategic insight

• Financial Managers
• Financial Accountants
• Financial Controllers
• Chartered Accountants
• Group Reporting & Consolidations Accountant
• Commercial Finance and FP&A positions