Group Manager, Strategic Fin and Insurance - Exxaro Recruitment - Centurion

Job Advert Summary PURPOSE: To assist General Manager to evaluate, negotiate and implement investments, acquisitions and divestments in line with the Group strategy to ensure an optimum return from these merger and acquisition, divestment, listing and other corporate actions. To assist the General Manager to ensure that projects and business transactions are appropriately structured from a commercial perspective. To execute scenario planning at group and company level over the short to medium term including assessment of financial covenants and financial metric risk threshold achievement. Performance of accounting, impairment and deal making valuations. Construction and maintenance of project and group financial models including models for concept and bankable project studies. To manage Capital Project budgets/improvement tasks through execution of prescribed standards, maintenance, and process requirements. Financial reviews of investment opportunities and compilation of capital budgets. High level/top-down target setting of key financial metrics. Drive the long-term strategy for Exxaro’s insurance captive to ensure adequate insurance cover for Exxaro’s insurable risk. Manage the insurance portfolio and associated claims processing. To manage interaction with service providers and experts to ensure optimal management of insurable risk through the insurance captive. To compile all regulatory returns in terms of the Short-Term Insurance Act and associated legislation. MAJOR CHALLENGES: Allocation of financial resources according to group priorities Alignment between budget, cost and demand Skills shortage especially in modelling environment and with regards to industry specific knowledge. Commercial soundness with varying levels of data to inform the decision Challenging environment with innovative and untested new ventures Negotiation at the highest level with counterparties. Legislation, Regulation (Financial Service Board), Insurance Act 18 of 2017, and Accounting Standard changes. Multi- national transactions with different legislative requirements. Minimum Requirements QUALIFICATIONS: Chartered Accountant (CA) (Essential/Minimum or) Chartered Financial Analyst Level 3 (Essential/Minimum) Management Development Programme (Essential/Minimum) Master of Business Administration (Recommended/Desirable) EXPERIENCE: At least 10 years’ experience in corporate finance or investment banking environment at mining/resource, corporate or investment bank from origination to closing of transaction. Relevant financial, modelling, accounting, management and commercial experience, with demonstrable experience in corporate deal making. Relevant experience in managing insurance captive and compliance with Financial Sector Conduct Authority and related legislative requirements. Strong planning, organising and integration skills, with proven ability to manage multiple projects and prioritise tasks effectively. Strong analytical and problem-solving skills, and proven ability to trouble shoot complex issues and resolve them. Ability to work in a dynamic and challenging environment under pressure and manage tight deadlines. (Essential/Minimum) Management REQUIREMENTS: Psychometric Assessment (Essential/Minimum) Certificate of Fitness (Essential/Minimum) SA Institute for Chartered Accountants (Essential/Minimum) Registered with Professional Body (Recommended/Desirable) Duties & Responsibilities BBBEE Transaction Maintenance of the current Eyesizwe RF BEE transaction, including any shareholding and debt restructurings, including assessment of the need for a replacement or top-up transaction, e.g. for one of the operations to comply with the mining charter Best Practice and Knowledge Management Confer and share strategic and tactical information with relevant stakeholders to discuss issues, coordinate activities and resolve. problems related to execution of company strategy, commercial ventures and new agreements. Business Performance and Operations Evaluate start-up/operating opportunities from commercial, financial, strategic and limited technical perspective. Negotiate and advise on commercial terms of agreements. Permanent member of all SteerComs. Occupy director or trustee appointments as and when required. Develop and execute corrective action plans. Work with General Manager to develop group financial plan. Assist general manager with capital budgeting, due diligence, investigations, financial reviews, target setting, performing valuations (incl. accounting, impairment testing, Mergers and Acquisitions (M&A), project), corporate modelling and establishing long term capital plans. Macroeconomics and commodity price analysis and forecasting. Commodity Strategy and Strategic Sourcing Keep abreast of market conditions including technical and professional developments and new industry practices. Assist in the formulation of strategy. Test commercial soundness of strategy. Compliance, Governance and Assurance Assist in developing policies, procedures, standards, and guidelines for financial management and capital management. Ensure investment proposals comply with the Company’s capital management governance process. Develop policies for financial modelling in the Company. Ensure all information and reporting has integrity and is in strict compliance with proper accounting principles. Review commercial and financial transaction detail before submission to approval authorities. Responsible for negotiation of annual Risk Finance (Insurance) renewal and ensure effective management as far as both Property and Casualty liability is concerned for assets and liability covers in local and international reinsurance markets. Customer and Client Relationship Management Support core business by ensuring appropriate stakeholder relationships toward enhancing corporate profile. Manage internal and external relations, including interface with external providers or other functions responsible to ensure that business needs are met. Represent the Company at applicable forums. Provide relevant and specialised support to applicable stakeholders. Negotiate with counterparties. Employee Stock Ownership Plan Maintenance of the ESOP and community trust structures, including restructuring required as a result of M&A transactions, additional Exxaro or Eyesizwe RF share to be acquired to provide for new employees, etc Financial Management Constructing of financial model. Populating of financial model assumptions. Scenario planning based on corporate financial model. Financial Services Support Support all M&A with sound Corporate Financing modelling to ensure the profitability Provide support in all M&A studies Asses the affordability of M&A activity at group level Provide financial support with all aspects required with the critical assessment of new business opportunities Support with the due diligence and valuation on mergers/acquisition targets, with specific focus on the financial due diligence Support in the sourcing of capital to support the M&A Functional Excellence Adhere to functional policies, standards, guidelines, procedures, end- to-end processes, tools, templates etc. Assist in standardising, simplifying and speeding-up functional processes and eliminate duplication/bureaucracy Apply functional best practices and promote sharing of best practices/knowledge Assist in the execution of functional excellence initiatives Set standard and practices for group wide modelling Functional Management Governance: Ensure function adheres to Exxaro governance, policies, standards, statutory and legal compliance. Entrench a culture of discipline Engagement/communication: Communicate and engage functional employees, incl. virtuals. Engage with managers, operations and cross-functionally with peers. Insurance Responsible for reviewing the company's insurance arrangements (underwriters and brokers); ensuring adequate insurance cover is maintained; administering the company's insurance policies and administering claims where necessary; liaising with the company's insurance brokers Perform all processes within group governance processes requirements Manage Liability and Peripheral Short-Term Insurance Claims Manage Asset Short Term Insurance Claims Assist Manager with underwriting information and engagement with local and international insurance market to effect the annual renewal People Management Performance management: Clarify roles/responsibilities and expectations. Define individual performance standards, monitor and measure performance, reward and recognise high performance. Apply consistent performance and consequence management and take prompt action against non-performance Talent development: Actively manage talent through regular assessment of employees’ strengths, development needs and development progress. Provide ongoing mentoring, coaching and development feedback to employees. Manage functional talent pipeline and succession planning process. Promote a culture of continuous learning. Encourage and empower team to make decisions Exxaro Culture/functional climate: Embody, translate and entrench Exxaro culture and values in function and address behaviours that undermine values. Foster effective teamwork and unity. Create an environment in which people are inspired to perform and a high performance culture Communication/engagement: Proactively address conflicts and initiate difficult conversations Team development: Develop effective and high performing team. Create an environment of accountability and trust. Positive influence of business decisions through participation in steercoms etc. Project and Acquisition Finance Support all M&A activity with debt raising when required take the lead in arranging any ring-fenced project finance if required. Asses the affordability of any additional debt at a group level Oversee the conclusion to financial close of all significant project and acquisition finance transactions Risk Management and Control Analyse management reporting documents Support execution of budget and forecasting activities to fund operations, maximize investments and increase financial efficiency Analyse, interpret and integrate information with organisational needs and operational strategic objectives Financial review of business opportunities. Safe and Healthy Work Environment Maintain and ensure a healthy environment and safe operations practices. Ensure compliance with all applicable Safety Health and Environmental (SHE) policies and procedures in line with set standards Encourage a culture that focuses on safety in all operations. Behavioural Alignment Demonstrates the following: Creativity, collaboration, sociable and awareness to the ecosystem Stewardship, accountability, ability to develop trust, safety conscious and ethical Ability to respond quickly to business needs/agility, flexibility, continuous learning, innovation and proven ability to experiment on creative business solutions Ability to be inclusive, eagerness for multiple skills, embraces multiple cultures, accepts different approaches and be human-centric/empathetic Results oriented, quality driven, excellence, entrepreneurial abilities, efficient and effective The appointment will be made in accordance with Exxaro’s Employment Equity policy. If you have not been contacted within 28 days of the closing date of this advertisement, please accept that your application was unsuccessful. Apply Now

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Group Manager, Strategic Fin and Insurance - Centurion

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