Job Description

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.