Finance Business Partner - Insurance & Asset Management at Standard Bank Group

Job Purpose

To partner with the Head, Insurance and Asset Management, in developing & implementing the strategy through the establishment of sound financial management, accounting, procurements, provisioning & internal control systems & processes, in compliance with relevant legislative requirements for the efficient operations. To provide financial analysis & performance on product performance across Insurance and Asset Management.

Key Deliverables 

Financial Management

• Analyse & interpret financial & accounting reports to provide financial insights to the business.
• Collaborate with Head, Insurance and Asset Management & key stakeholders in ensuring the financial preparation, reconciliation & reporting within the business in alignments with financial reporting, compliance & business requirements & adhere to all accounting policies, processes & procedures.

Strategy

• Develop & implement in partnership with the business Finance strategy in order to enable the achievement of Insurance and Asset Management objectives.
• Prepare & analyse the financial results for Insurance and Asset Management, identifying problem areas & potential for improvements by means of understanding the macro-economic landscape & understanding the impact on Insurance and Asset Management business performance, highlight potential risks & opportunities.

Data

• Assist in the preparation of the Insurance and Asset Management reports & documents, that is tabled at the respective Leaderships Councils on Group & country specific levels, on a monthly basis
• Prepare monthly, quarterly & annual deliverables & reports in alignment with reporting cycles, as well as ad-hoc weekly projects deliverable reports. Review budgetary planning & performance measurement controls for Insurance and Asset Management to ensures reporting is effectively done in the Cube.

Risk, Regulatory, Prudential & Compliance

• Review the budgetary planning & performance measurement control for Insurance and Asset Management, to ensure that budgets are completed within the set timelines & specific country regulatory & geographical requirements for compliance purposes.

Product

• Review & maintain NIR mapping & product structure blueprints on a regular basis & alignment by country, by collaborating & leveraging from product teams to understand pricing, volumes & use information to provide financial analysis & insight.
• Identify & develop new product structures to be set up & facilitate the process implementation by supporting Insurance and Asset Management, specifically regarding new accounting initiatives & business case template support.

Technology & Architecture

• Identify GAPs in product automated mapping that will improve the financial & MIS reporting capabilities, working with GBM & core banking teams, initiate recommendations for improvement & manage the implementation of recommendations.

QUALIFICATIONS

Minimum Qualifications

• Type of Qualification: First Degree 
• Field of Study: Finance and Accounting 

Other Minimum Qualifications, certifications or professional memberships

• CPA (K) finalist or equivalent

Experience Required

Product Management

• 5 years 
• Experience in advising business leaders on financial aspects & relevant stakeholders on decision making processes & strategic objectives in a financial services environment.

Financial Insights & Analytics

• 5-7 years
• Experience in running income statement to identify problems with general ledger entries & familiar with financial controls & practices in a large corporate