Financial Manager (Savings) at 5th Dimension Consulting

Aug 3, 2023 | Accountant, Financial Services

Responsible for the management accounting function in the business, providing sound financial advice, ensuring that stringent and rigorous accounting processes and controls are in place, ensuring accurate reporting of financial results, ongoing operations are financially sound and operates within the governance framework.

Support and be responsible for finance operations of the Savings business and assist in implementation of the business strategy in alignment with the company culture and ensuring that it is financially sound.

Responsibilities

Financial reporting including Balanced Scorecard, Treating Customers Fairly (TCF)

Budgeting and forecasting for New Business Volumes, Profit, Value of New Business (VNB), Return of Group Equity Value (ROGEV) and Expenses.

Translating impact of financial decisions into business impact on Equity Value (EV), VNB, Profit and other measures.

Expense tracking, management and reporting, including providing input into cost allocation model, and maintaining the unit cost.

Optimising and influencing of cost efficiencies.

Supporting and development of accounting solutions and standards.

Assisting with implementation of strategies and projects.

Pro-actively engaging with Finance colleagues and driving plans to ensure successful implementation.

Ensuring effective controls and procedures are in place, and adhere to approval framework.

Liaising with all internal and external stakeholders e.g. Actuarial, IT, Shared Services and auditors.

Identifying BI opportunities to drive informed and data driven decisions in the business.

Providing regular feedback on critical issues.

Qualifications

Chartered Accountant (CA)

Experience

At least 3 – 5 years relevant Insurance Reporting experience.

Knowledge

Sound Financial Services Industry, preferably Insurance Industry knowledge.

Knowledge of financial reporting systems.

Understanding actuarial calculated profit, VNB and EV principles.

Understanding of re-insurance.

Computer skills (Excel advanced level)