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Finance Manager

Business Unit:  Discovery Insure
Function:  Financial Analysis
Date:  4 Jul 2024

 

Discovery – Insure

 

Finance Manager

 

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

 

About Discovery Insure

Discovery Insure is committed to creating a nation of great drivers and building better businesses through our innovative Shared-value Insurance model. Discovery Insure is South Africa’s fastest growing short-term insurance company with comprehensive products that provide protection against current and emerging risks facing clients in the motor, home and business insurance sectors. Vitality Drive, an internationally-recognised and award-winning programme, is a key differentiator in the market that incentivises and rewards clients for driving well. The Vitality Drive programme has been scaled to local and international markets which now include Europe and the Middle East. The company employs over 1 000 people who are committed to putting our customers and financial advisers first by providing unique and innovative solutions and cover.

 

Key Purpose

To effectively lead a team of people who are responsible for all financial reporting as well as actioning processes, procedures and financial controls within the business. To run with all month end & year end reporting of Discovery Insure as well as ensuring that all regulatory returns are submitted timeously. To further ensure effective financial controls are implemented across the business i.e. budgets, financial reporting and cost control.

 

Areas of responsibility may include but are not limited to

 

Financial Controls:

  • Operations: Make recommendations to ensure controls are maintained or even improved.
  • Regular meetings with cost centre managers to ensure the finances of operations are well maintained.
  • Operational-based financial activity: Prepare regular reports and ensure all controls are in place and operate effectively.
  • Budgets: Compile budgets and monitor costs against the budget on a continuous basis.

 

Reporting and analysis

  • Prepare monthly reports and analyse results to maintain and improve controls. Review monthly financial reconciliations. Assistance with preparation of Board packs.

 

Liaison

  • Represent Insure with external parties FSCA, SASRIA & SARS on a continuous basis. Liaise with Discovery’s external auditors.

 

Skills and Knowledge

  • Providing solutions - balance needs with financial controls (Advanced)
  • Analytical (Advanced)
  • Rational & Logical Thinking (Advanced)
  • Relationship Building (Advanced)
  • Communication (Advanced)
  • Leadership (Advanced)
  • Financial acumen (Advanced)
  • Business Savvy (Intermediate - Advanced)
  • SA Business environment (Intermediate)
  • Computer Literacy (Advanced)

 

Education and Experience

 

Education:

  • Matric (Essential)
  • BCom  / Accounting (Essential)
  • Chartered Accountant (Advantageous)

 

 Minimum Experience:              

  • 5 -10 years Financial experience (Essential)
  • 2-3 years’ experience in any Leadership position (Essential)

EMPLOYMENT EQUITY   
                             
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

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