About the Role

FNB, a prominent South African financial institution, is seeking a dynamic and technically proficient Financial Manager to join their Short-Term Insurance division based in Randburg. This role is an exciting opportunity for a CA(SA) to immerse themselves in a fast-paced, adaptable environment, contributing significantly to the financial health and strategic decision-making of the business unit. You'll be joining a team that prides itself on innovation, collaboration, and a shared commitment to driving positive change within the organisation. The company fosters a culture of continuous learning and encourages individuals who are curious, adaptable, and eager to grow their careers. This position offers a chance to work alongside talented professionals in a supportive and progressive setting, making a tangible impact on financial operations and reporting.

As a Financial Manager at FNB, your primary responsibilities will revolve around providing crucial financial expertise, insights, and guidance to business stakeholders. You will be instrumental in designing and refining financial processes to ensure the efficient and value-driven delivery of financial services. A key aspect of your role will involve the accurate preparation, analysis, and allocation of costs across various products, business units, and cost centres. This is essential for robust financial reporting and informed decision-making.

Your duties will extend to actively supporting the budget preparation process, conducting monthly cost reporting, performing variance analysis, and contributing to forecasting activities, all aimed at effective cost management. You will collaborate closely with business stakeholders to enhance costing methodologies, improve data integrity, and proactively identify opportunities for cost savings.

A significant part of your remit will be the monthly reporting on the insurance portfolio's financial performance, including the preparation of flash reports and updates for senior leadership. You will gain valuable exposure to the broader budget process and play a part in preparing the budget presentation.

Furthermore, you will leverage financial systems such as Essbase and HFM to extract and analyse financial data. Your responsibilities will also include the approval of invoices pertaining to the short-term insurance entity. A crucial element of this role is partnering with stakeholders to offer financial insights that influence operational and general business decisions. Continuous self-assessment, seeking feedback, and identifying training needs will be encouraged, alongside actively participating in fostering a development-oriented culture by sharing knowledge and insights.

What They're Looking For

The ideal candidate for this Financial Manager position is a technically adept, fully qualified Chartered Accountant (CA(SA)). While the company is open to considering candidates with varying levels of post-qualification experience, ideally, they are looking for individuals with 0-5 years of post-qualifying experience. Exceptional academic achievement, demonstrated from matriculation through to CTA, articles, and board exams, is a key indicator of the calibre of candidate they seek.

In terms of experience, a background in costing would be highly advantageous. Exposure to or understanding of IFRS17, as well as experience within the insurance sector, would also be beneficial. Familiarity with financial systems like Essbase and HFM is considered advantageous.

Strong communication skills are essential, with the ability to articulate opinions clearly and effectively in both written and spoken English. You should possess excellent research capabilities and a meticulous approach to your work.

On a personal level, FNB is looking for individuals who are seeking longevity and commitment in a permanent role. A self-starter attitude, coupled with a genuine passion for their career and a drive for self-development, is highly valued. Candidates who thrive in a flexible and modern working environment, demonstrating patience and a collaborative spirit, will find this role a good fit. Proficiency in Microsoft Excel and PowerPoint is a prerequisite. Essential personal attributes include adaptability, curiosity, the ability to analyse complex data sets, and a desire to work collaboratively within a team.

In South Africa, a Financial Manager role with these responsibilities, especially within a large financial institution and requiring a CA(SA) qualification, typically commands a competitive salary. While exact figures vary greatly based on experience and specific company structures, it's common to see remuneration packages in the range of R700,000 to R1,200,000+ annually. Major banks, insurance companies, and large corporate entities are the primary employers for such positions, offering clear career progression paths from Financial Manager to more senior finance roles.

Qualifications:

• Fully qualified CA(SA), ideally 0 – 5 years’ post-qualified however all candidates will be considered equally on their own merits.
• Exceptional academic track record (track record of excellence from matric through to CTA, academic articles and board exams)

Key skills and experience

• Experience in costing, highly advantageous

• IFRS17 understanding or exposure, highly advantageous
• Exposure to the insurance sector, advantageous
• Essbase working experience, advantageous
• HFM working experience, advantageous
• Articulate in speech, and in written English, when expressing opinions
• An excellent and thorough researcher

Personality

• And individual who is looking for longevity in a permanent role
• Self-starter with a passion for their career and their own self-development
• Candidates who are looking for a flexible and modern environment
• Patient as the role mainly depends on others to provide information and data
• Proficiency in excel and power point

You will have access to:

• Opportunities to network and collaborate
• A challenging working environment that is progressive and agile
• Opportunities to innovate where initiative is taken and owned end to end

We can be a match if you are:

• Adaptable and curious
• Analyse complex data sets
• Thrive in a collaborative environment

Apply now if you are interested in taking the next step. We look forward to engaging with you!

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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Important Closing Date Note

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.