We are seeking a seasoned Chief Financial Officer (CFO) to provide strategic financial leadership within a regulated insurance environment. This role is accountable for the financial integrity, regulatory compliance, and long-term sustainability of the business.

The CFO will oversee financial management, capital adequacy, and solvency under the Solvency Assessment and Management (SAM) framework, while ensuring full compliance with IFRS (including IFRS 17), the Insurance Act, and SOX requirements. The role also serves as a key advisor to the CEO and Board on financial performance, risk, and capital strategy.

Key Responsibilities

Strategic Leadership

• Partner with the CEO and executive team to shape and execute business strategy
• Provide financial insights to support growth, product development, pricing, and distribution decisions
• Advise the Board on financial performance, capital management, and emerging risks

Financial Management & Reporting

• Lead budgeting, forecasting, and financial planning processes
• Ensure accurate, timely, and compliant financial reporting (monthly, quarterly, annual)
• Oversee implementation and compliance with IFRS 17 and IFRS 9
• Maintain robust financial control systems and governance frameworks
• Present financial results to the Board, Audit Committee, and executive leadership

Regulatory & Compliance Oversight

• Ensure compliance with the Insurance Act, FSRA, and Prudential Standards
• Oversee reporting to the Prudential Authority (PA) and FSCA
• Manage submission of statutory returns, including QRTs and annual regulatory filings
• Align financial and regulatory reporting frameworks (IFRS vs SAM)
• Oversee tax compliance (income tax, VAT, PAYE)

Capital, Solvency & Liquidity Management

• Ensure compliance with the SAM framework and SCR coverage requirements
• Manage capital adequacy, liquidity, and funding strategies
• Lead ORSA processes, including stress testing and scenario analysis
• Advise on dividend policy and capital optimisation

Risk & Governance

• Support enterprise risk management from a financial perspective
• Maintain strong internal controls aligned with best practice governance
• Contribute to Audit, Risk, and Investment Committees
• Collaborate with Risk, Actuarial, Compliance, and Internal Audit functions

B-BBEE & Transformation

• Oversee financial inputs into B-BBEE reporting under the Financial Sector Code
• Ensure accurate calculation of Total Measured Procurement Spend (TMPS)
• Support transformation strategy through budgeting, tracking, and reporting
• Engage with auditors and verification agencies

Investment & Asset Management

• Oversee investment strategy aligned to SAM and risk appetite
• Ensure effective asset-liability management (ALM)
• Monitor investment performance and regulatory compliance

Actuarial Collaboration

• Partner with actuarial teams on pricing, reserving, and capital modelling
• Translate actuarial outputs into financial insights for decision-making

Leadership

• Lead and develop a high-performing finance function
• Drive a culture of accountability, compliance, and continuous improvement

Key Deliverables

• Audited annual financial statements and regulatory returns
• Accurate and timely management reporting
• Approved budgets and forecasts
• Sustainable capital and solvency position
• High-quality regulatory submissions (PA & FSCA)
• Audit-ready B-BBEE reporting
• Strong financial controls and governance

Minimum Requirements

Qualifications

• Chartered Accountant (SA) – essential
• Postgraduate qualification (e.g. MBA) – advantageous

Experience

• 10+ years’ senior financial leadership experience in long-term insurance
• Minimum 5 years in a CFO or equivalent executive role
• Deep experience in insurance regulatory environments (PA & FSCA)
• Proven track record in SAM, capital management, and regulatory reporting
• Experience engaging with Boards and governance committees

Technical Expertise

• Strong knowledge of insurance regulation, SAM, and prudential standards
• Deep understanding of IFRS 17 and insurance finance
• Advanced financial modelling and analytical capability

Leadership & Competencies

• Strategic thinker with strong commercial acumen
• High level of integrity and governance orientation
• Strong stakeholder management, including regulators and Board-level engagement
• Proven ability to lead and scale finance teams

Performance Indicators

• Financial performance against business plan
• Solvency Capital Requirement (SCR) coverage
• Accuracy and timeliness of regulatory submissions
• Audit outcomes and control environment effectiveness
• B-BBEE reporting accuracy (including TMPS)
• Regulatory compliance and findings