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South Africa

Chief Financial Officer

Company Medshield Medical Scheme
Reference # CFO2201
Published 13/05/2022
Contract Type Permanent
Location Randburg, Gauteng, South Africa
Introduction
Lead the design, coordination, implementation, resourcing and monitoring of Finance and Procurement strategy in line with the Scheme’s mandate and overall approved strategy, to ensure the execution of key deliverables to support the organization in its execution functions, while promoting good governance and sound financial, supply chain and business principles.
Job Functions Accounting,Finance,Procurement
Industries Healthcare
Specification
-Lead the development, management and execution of the Scheme’s Finance and Procurement strategy to ensure budget sustainability, and provide input into the overall strategy, policy and decision-making direction of the Scheme.
-Lead the planning, implementation and monitoring of the Scheme’s annual budget to ensure adequate financial resources to drive the strategic objectives.
-Ensure the alignment of the Finance and Procurement strategy with the requirements of all divisions, and the Scheme’s overall strategy.
-Set and drive comprehensive goals and objectives for performance and growth to support the Scheme’s financial strategy and objectives.
-Lead and ensure the establishment, maintenance and improvement of Standard Operating Procedures, policies, and guidelines relating to Finance and Procurement in consultation with the Principal Officer and other Executive members.
-Lead and contribute to key financial and procurement decisions to support the Scheme’s overall strategy, drive membership growth and retention, and safeguard the Scheme against non-compliance.
-Design, implement and use insights gained through business information to compile reports, and metrics to measure success and inform the business decision making process and realign objectives.
-Oversee all Finance and Procurement initiatives across the Scheme to ensure that their conception and implementation support the strategic intent.
-Lead the establishment and implementation of the Scheme’s annual procurement plans.
-Establish and lead working relationships with the business areas, to identify gaps and business needs in processes.
-Lead continuous innovation and optimisation by ensuring the development, alignment and implementation of end-to-end process and systems improvements in line with business requirements.
-Monitor and continuously evaluate progress of Finance and Procurement achievements against the tactical plan and strategic objectives.
-Lead the sourcing and approval of service partners and contracts in line with the Finance and Procurement strategy.
-Lead and drive the implementation of key financial interventions and services to execute the strategic objectives.
-Lead and drive the preparation and deployment of internal and external financial reporting (annual financial statements, management accounts, statutory reporting) in line with reporting standards.
-Lead and drive the effective management and oversight of the Scheme’s investment portfolio and asset consultants, to ensure maximum benefit.
-Lead and ensure that the Finance and Procurement team provide effective implementation support on special projects.
-Lead the conceptualising of the Finance and Procurement related sub-unit risk register in consultation with the Manager: ARC.
-Lead the deployment and enforcement of proper financial controls to manage the Scheme’s financial resources, and maintain full and proper oversight.
-Verify and approve Scheme expenditure based on the Delegation of Authority.
-Ensure the mitigation of the division’s risk profile through the application of fraud controls and risk prevention principles and implementing of sound governance and compliance processes and tools to identify and manage risks.
-Lead the coordination and maintenance of quality risk management in line with the requirements from ISO9001:2015.
-Monitor changes in the regulatory environment and ensure that appropriate operational controls are implemented to address new requirements.
-Lead and ensure effective support in the provision of evidence to all internal, external and ISO audit requirements.
-Lead and drive the maintenance and enforcement of all Finance and Procurement Service Level Agreements to minimise business risk and ensure business continuity.
-Ensure adherence in the Finance and Procurement team to all relevant laws, policies and Standard Operating Procedures throughout the organisation.
-Lead and drive the planning, collating and compilation of the Finance and Procurement annual budget and capital requests aligned to the tactical delivery plans to support the implementation of set objectives.
-Lead and ensure the effective implementation, management, and monitoring of the Finance and Procurement financial resources and mitigate and report on any variances.
-Lead the deployment and enforcement of proper financial controls to manage the divisional budget, and ensure that the Finance and Procurement division maintain full and proper oversight of its financial resources.
-Verify and approve Finance and Procurement related expenditure based on the Delegation of Authority.
-Build and lead an effective and cohesive team through the effective management of divisional resources.
-Lead the implementation of talent acquisition, succession planning, development, and retention strategies for the division.
-Lead the enhancement of relevant knowledge and skills through continuous coaching, mentoring and nurturing of divisional talent.
-Lead and drive a high-performance culture by translating and communicating the annual performance goals and measures based on agreed upon objectives.
-Drive a working environment that augments employee engagement, recognition and productivity.
-Lead and drive the management of poor performance and disciplinary matters in line with the Schemes policies and procedures.
-Build and maintain effective internal and external stakeholder relationships for the purpose of expectations management, knowledge sharing, integration and brand awareness.
-Lead the identification and mitigation of internal systems and procedural barriers to enhance excellent customer service.
-Represent and participate in the Scheme’s committees and tasks teams as member of the executive team.
-Lead the implementation of timeous communication on progress and challenges in achieving the strategic and tactical work plans to impacted stakeholders.
-Take the lead in industry related forums, conferences and workshops to gain industry insight for the purpose of business improvement.
Requirements
EXPERIENCE

-10 years in financial environment
-5-7 years in Medical Aid Industry

QUALIFICATION

-Postgraduate qualification
-B-Degree in Accounting/ CA (SA)
-Registered Chartered Accountant

KNOWLEDGE

-Relevant legislation and regulatory frameworks
-Risk Management practices and principles
-Business Acumen
-Technical problem-solving
-Financial budgeting and management processes
-Medical Knowledge
-Supply Chain principles
-International Financial Reporting Standards (IFRS)
-Accounting Principles
-Project Management principles

SKILLS

-Verbal and Written Communication
-Conflict Resolutions
-Presentations
-Project Management
-Coaching and Mentoring
-Negotiation

ATTRIBUTES

-Resilience
-Detail Orientation
-Innovative Thinking
-Customer Centric
-Strategic Thinking
-Conceptual Thinking
-Commercial Focused
-Results Focused
-Quality Focused
-Assertiveness
-Developing Others
-Directing Others
-Impact and Influence
-Relationship Building
-Teamwork
-Problem Solving
-Judgement and Decision Making
-Analytical Thinking
-Flexibility and Adaptability
-Logical Reasoning
Job Closing Date 23/05/2022
   
   
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Last Updated: 16-3-2022 [22.03.01.01]
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