Chief Financial Officer - FEM - Johannesburg

The Federated Employers Mutual Assurance Company (RF) Proprietary Limited (FEM) was established as a mutual insurer in 1936 and on the introduction of the Workmen’s Compensation Act 1941 was granted a license to continue to transact workmen’s compensation insurance for the building and construction industry. This insurance compensates employees or their dependents following an injury arising from occupational accidents and illness occasioned by industrial diseases. FEM’s operations are essentially confined to the insurance of employers against their liabilities under the Compensation for Occupational Injuries and Diseases Act 1993 (COIDA). FEM operates under license from the Minister of Employment and Labour and is also registered as a non-life insurer, with premium income in excess of R1 billion and total assets in excess of R9 billion. FEM is looking to appoint a Chief Financial Officer (CFO). Reporting to the CEO the successful applicant will have the overall responsibility for financial management in accordance with agreed business plans and annual budgets. The position is also responsible for inter-alia formulating the capital and financial management strategy of the organisation to ensure the implementation of best practice systems, policy, procedures, and financial controls, aligned to the company’s overall business strategy. The successful applicant will serve on the Executive Committee and will be an ex-officio member of the Board and may also serve on other board committees. The applicant will also be an ex-officio member of the FEM Education Foundation NPC and will be responsible for the management and skills set of the finance team. The applicant will oversee the company’s investments in conjunction with the Investment Committee, investment consultants and with input from the Chief Risk Officer. The applicant will also oversee the valuation of the company’s liabilities and management of the company’s capital in terms of the Solvency Assessment and Management (SAM) regulations in conjunction with the actuaries and with input from the Head of Actuarial Function and Chief Risk Officer. Working knowledge of company statute, South African tax laws and financial reporting standards including IFRS 17 as well as the ability to demonstrate competence to learn and apply new rules and regulations is a requirement of the position. The minimum requirements of the position are a CA (SA) with a membership in good standing with the South African Institute of Chartered Accountants (SAICA) and a minimum of 5-years post articles experience coupled with 5-years relevant industry experience or an Actuary in good standing with the relevant actuarial body and minimum of 5-years post qualification experience with 5-years relevant industry experience The successful applicant must be able to demonstrate experience and progressive advancement in financial positions within a financial environment and in addition experience of working with executive teams and reporting into formal forums, namely boards and executive committees. An applicant who currently operates as a CFO or who is a Financial Manager reporting into the CFO in an insurance or financial services organisation will be considered if the applicant meets the minimum requirements of the position. In exchange for the candidate’s successful services, FEM offers a competitive total cost to company remuneration with good benefits. The role will be located in Rosebank, Johannesburg. FEM currently works on a hybrid basis . Candidates are invited to submit a detailed CV to the Chief HR Officer, Ayesha Ismail online using https://fema.simplify.hr/Vacancy/88380 by close of business on 30 April 2024. FEM promotes the principles of Employment Equity, and the appointment of this candidate will be at FEM’s sole discretion. FEM promotes the principles of Employment Equity and the appointment of this candidate will be at FEM’s sole discretion. Apply Now

Share this job with someone you think should apply!

Facebook

Chief Financial Officer - Johannesburg

Related Jobs

Head Of Product Pricing JHB - Northern Suburbs - North Johannesburg

Head of Product Development & Pricing - North Johannesburg

Chief Investment Officer - North Johannesburg

Chief Investment Officer Johannesburg North - North Johannesburg

Financial Manager Group Johannesburg - Johannesburg

Want to do another search?