Permanent Head: Operational Finance | Rand Mutual Vacancies
Job Description
Rand Mutual Vacancies – Head: Operational Finance
Location: Parktown, Johannesburg
Company: Rand Mutual
Job Type: Permanent
Job Sector: Finance
Head: Operational Finance – Rand Mutual
THE JOB AT A GLANCE
As the Head: Operational Finance at Rand Mutual, you will oversee the day-to-day operational finances of the Group, ensuring seamless financial transactions while maintaining compliance with relevant standards, policies, and procedures. Additionally, you will lead the procurement and facilities teams.
WHAT WILL YOU DO?
Oversee Unit Finances and Assets
- Develop strategic and operational plans in line with the budget
- Ensure compliance with standards and implement necessary controls
- Recommend divisional budgets to Exco and monitor unit budgets
- Conduct regular departmental planning and review monthly cost centre reports
- Submit monthly reports to top management and analyze department expenses
- Monitor recoveries (labour, overhead, third-party recoveries)
- Review monthly and quarterly cash flow forecasts
Oversee Debtors, Collections, and Tax
- Review debtor management processes and premium collection targets
- Address long-outstanding debtors and implement reduction procedures
- Reconcile clientcare, fincare, ability, and Excalibur for billing accuracy
- Authorize member and refund letters and maintain AML compliance for refunds above R25K
- Ensure adherence to company policies and tax legislation
Staff Management
- Allocate tasks, set KPAs, and conduct performance management
- Train and supervise staff, addressing performance gaps
- Develop work plans and identify training needs
- Represent the team at industry forums and maintain stakeholder relationships
Oversee the Commissions Function
- Implement financial policies and procedures
- Review reconciliations for pensions, claims, commissions, and funeral payments
- Analyze commission and funeral reports, including trend analysis
- Ensure reconciliation between pension, fincare, and ability modules
- Oversee unallocated funds reporting
Oversee Procurement and BEE Function
- Contribute to long-term procurement business plans
- Manage budgets and identify cost-reduction opportunities
- Oversee supplier contracts, risk management, and procurement strategies
- Guide RFQ processes and maintain supplier database updates
- Lead BBBEE strategy, including scorecard management and compliance
- Review Employment Equity Plans and report to relevant authorities
Oversee the Facilities Function
- Manage internal administration, assets, and building security
- Ensure health and safety compliance and oversee building maintenance
- Coordinate logistics, including canteen, transport, and air conditioning
- Supervise facility-related projects, ensuring timely completion
Reporting and Compliance
- Represent Finance in Audit Committee, Board, and Risk Register meetings
- Produce financial reports for Exco and OPSCO
- Ensure compliance with tax (VAT, SARS) and regulatory requirements
- Serve as Money Laundering Reporting Officer and Public Officer
- Coordinate external audits and fraud detection initiatives
Project Management
- Review project scope and allocate resources
- Attend key meetings and ensure projects stay within budget
WHAT YOU’LL BRING TO THE TABLE?
- CA(SA) qualification
- 8+ years of post-articles experience in accounting, with management exposure
- Background in financial services or insurance
- Strong IT proficiency
WHAT WILL YOU GET IN RETURN?
Rand Mutual offers a competitive salary, benefits, and flexible work arrangements. Join a 131-year-old stable organization with opportunities for growth and a collaborative team culture.
Turnaround Time
Shortlisting begins after the application deadline. Unsuccessful candidates will not receive a response within 21 days.
Our Commitment to Transformation
In line with Rand Mutual’s employment equity goals, preference may be given to candidates from under-represented groups.
Qualifications:
- CA(SA)
- 8+ years post-articles experience (management level)
- Financial/insurance industry knowledge
- Advanced IT skills
APPLY NOW
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