This Financial Manager role at FNB in Johannesburg focuses on the specialised area of cell captive insurance. The position is crucial for providing financial expertise, managing operations, and driving strategic insights for a portfolio of cell captive arrangements. It requires a seasoned finance professional who can navigate the complexities of insurance accounting, regulatory compliance, and stakeholder management within a dynamic financial services environment.

About the Role

The core purpose of this position is to ensure the sound financial management, accurate reporting, and robust governance of FNB's cell captive insurance operations. You will be instrumental in translating financial data into actionable strategies that support the sustainable growth and profitability for both cell owners and shareholders. This involves a blend of operational financial management and strategic financial guidance, ensuring that all financial activities align with business objectives and regulatory requirements. The role demands a proactive approach to identifying opportunities for financial improvement and a strong understanding of the unique financial drivers within the insurance sector.

Your responsibilities will span a broad range of financial activities critical to the success of the cell captive insurance portfolio. This includes:

• **Financial Reporting and Analysis:** Preparing and managing comprehensive financial reports, budgets, forecasts, and conducting variance analysis. You will be responsible for monitoring underwriting performance, profitability metrics, capital utilisation, and ensuring accurate profit-share calculations and cell owner settlements.
• **Strategic Financial Support:** Delivering precise financial reporting, management information, and insightful analysis to empower informed business decision-making. This involves close collaboration with underwriting, actuarial, risk, compliance, tax, and operational teams to achieve shared business goals.
• **Compliance and Governance:** Ensuring strict adherence to International Financial Reporting Standards (IFRS), relevant tax legislation, regulatory mandates, and internal governance frameworks. This extends to preparing annual financial statements, statutory reports, and coordinating with external auditors.
• **Financial Operations and Controls:** Overseeing financial accounting activities, including reconciliations, maintaining financial records, and ensuring the integrity of supporting documentation. You will also manage budgeting and forecasting processes, track performance against budgets, and recommend corrective actions as needed.
• **Process Improvement and Stakeholder Engagement:** Driving continuous enhancements in financial processes, reporting methodologies, systems, and overall operational efficiency. Building and nurturing strong, collaborative relationships with stakeholders through a service-oriented approach is paramount.
• **Team Leadership:** Leading, coaching, and developing finance team members to cultivate capability and foster high performance. You will also promote knowledge sharing, a culture of continuous improvement, and professional development within the team.

What They're Looking For

To excel in this Financial Manager position, candidates will need a solid foundation in finance, coupled with specific experience relevant to the insurance industry, particularly cell captives. The ideal candidate will possess:

• A relevant bachelor's degree.
• A CA(SA) qualification.
• A minimum of three to five years of post-articles experience.
• Preferred experience within the insurance sector.
• A strong understanding of cell captive business models and their profitability drivers.
• Sound knowledge of IFRS, insurance accounting principles, regulatory reporting requirements, taxation, and financial controls.
• Proven experience in managing audits, budgeting, forecasting, and financial reporting processes.
• Excellent analytical, commercial acumen, and stakeholder management skills, with the ability to translate complex financial information into clear, actionable business insights.

In South Africa, a Financial Manager role with this level of specialisation and responsibility, particularly within a banking or insurance group like FNB, would typically command a competitive salary, often ranging from R700,000 to over R1,000,000 per annum, depending on experience and the specific complexities of the portfolio managed. The path for progression could lead to senior finance management positions within the insurance division or broader financial services group.

Minimum Requirements

• A relevant bachelors' degree
• CA(SA) qualification with a minimum of 3 - 5 years' post-articles experience.
• Insurance experience is preferred
• Strong understanding of cell captive business models and profitability drivers.
• Sound knowledge of IFRS, Insurance accounting, Regulatory reporting, Taxation, and Financial controls.
• Experience managing Audits, Budgeting, Forecasting, and Financial reporting
• Strong analytical, commercial, and stakeholder management skills with the ability to translate financial information into actionable business insights

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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.