Finance Manager. Job Title. Reason for Vacancy. Reporting to: (name & position of manager and any indirect reporting lines)

Transcription

1 Finance Manager An exciting opportunity exists for a suitably qualified and experienced individual to join the team as a Finance Manager (FM) to the Financial Services Division. Job Title Finance Manager Reason for Vacancy Replacement Reporting to: (name & position of manager and any indirect reporting lines) Nombali Mbambo-CFO Main purpose of this position Reporting to the Finance Executive, with a strong dotted line to the Divisional Executive, the FM will be responsible for the overall finance function of the Financial Services division and accountable for driving business performance and finance priorities in line with the growth strategy. Key Deliverables and Weighting 1. Financial Reporting - Overall responsibility for the trial balance, including management and reconciliation of all balance sheet accounts. - Drive an efficient month end finalisation process and forecast bias, through the implementation of efficient standardised processes, and provide value adding analytics. - Overall responsibility for complete and accurate information submitted to Group Shared Services for processing and reporting, including the accuracy and validity of payroll, creditors, working capital, BEE, month end actualised results and full year forecast. - Complete, accurate and timely submission of the interim and year end results to Group Shared Services.

2 - Track and monitor B-BBEE plans and manage accurate and timely reporting to Group Shared Services. - Complete and accurate execution of the finance team deliverables, as planned, in line with business SLAs to all stakeholders including HODs, group requirement and external stakeholders. 2. Board and Exco Reporting - Responsible for developing and delivering, in collaboration with management, monthly Divisional Exco reporting packs. - Preparing quarterly management reports and board packs to be tabled and presented by the Divisional Executive; and ensuring the Divisional Executive is equipped with financial analysis for presentations of business performance to all stakeholders. - Responsible for maintaining the Risk register as part of the risk governance process, ensuring business risk owners formulate and maintain required controls to reduce identified risks. 3. Monitoring of Business Performance and Controls - Driving business growth priorities and monitoring business performance. - Together with the management team, drive organic and acquisitive growth through effective business partnering and supporting business decisions through value adding analytics. - Overall responsibility for maximising profitability in the division through expense management and bringing financial insights into all decisions. - Own and continuously develop a strong partnership with the Administration and Sales teams (and respective leaders), to ensure a detailed understanding of the link between finance and these teams. In particular, the process and controls inherent to this linkage. - Responsible for foreign currency management to ensure minimal impact on financial results. - Understanding the business strategy, including related Capex requirements, impact to financial results and responsibility for the fixed assets register review. - Responsible for implementing and continuous monitoring of internal controls and an appropriate financial reporting system, and ensure alignment with group objectives at all times. - Develop a risk based internal audit plan, together with group and Internal Auditors, and drive the internal audit process, including timely implementation of management action. 4. Budgeting - Overall responsibility for driving and managing the preparation of budgets, including timely completion and submission to Group Shared Services. - Assisting management with the preparation and formulation of the budget in line with the communicated overall strategic direction and guidelines. - Reporting to business heads and group on variances to required comparative periods and reasons for identified variances. - Ensure budget deliverables are delivered in line with the strategy and board requirements 5. Regulatory, Statutory and Legislative function - Responsible for preparing tax, vat and deferred tax computations and submissions, as applicable. - Responsible for maintaining relationships with corporate bankers to ensure requests are handled timeously - Preparation of statutory financial statements in CaseWare, where applicable for statutory entities. - Responsible for understanding and overall compliance with statutory and regulatory requirements, including IFRS, tax planning and structuring, as and when applicable. - Response for facilitating the external audit completion with no significant findings. - Keeping abreast of changes in legal and reporting frameworks that have an impact on recognition or disclosure of transactions. 6. Cash flow and Working Capital management - Daily and monthly working capital management. - Management of local and foreign cash balances in line with business objectives and associated forward planning.

3 - Daily monitoring of cashflows and timely collection of debtors, with focus on reducing debtors days and managing creditors payments and associated reconciliations. - Ensure payments are approved, loaded and released on the Online Banking system timeously and in line with the internal control framework. - Ensure relationships with key service providers are maintained and timely payment to avoid breakage in service delivery. 7. Finance Team learning and development - Management of an effective finance team structure, including coaching and mentoring to direct reports. - Training finance employees to ensure optimal performance is maintained. - For key positions, develop a succession plan and create back-ups. - Continuous engagement with finance staff and business heads to identify areas of improvement in processes and capacity constraints or opportunities for the finance team to deliver improved service offerings. Any other responsibilities as and when required. Management Level and Details of the Management Component of this role Technical Knowledge, Skills and Abilities Integrating Finance with the business - Actively engaging Finance with other functions and roles (external and internal) using effective communication methods Business focused financial analysis - Utilizing financial analysis skills to optimize business decisions Driving Value - Actively seeking and implementing opportunities to maximize value in any aspect of the business. Leading People - Motivating and developing people to deliver superior results in a responsible manner Living the Values - Aligning behaviours, decisions and actions with the company Values Leading Self - Taking responsibility and accountability for own behaviour, performance and development Continuous Improvement Mindset - Continuously seeking out and implementing improvements with commitment and drive Business Focused Collaboration - Leveraging the broader organisation for value creation through sharing knowledge, experience, resources and skills Strategic Effectiveness - Assisting (largely financial info and KPIs) with development and communicating rigorous and creative business strategies that drive sustainable value for the company Behavioral / Soft Competencies, Skills and Abilities

4 Strong leadership ability with personal credibility capable of effectively interacting with all stakeholders Sound influencing skills in dealing with internal and external stakeholders Focused and results oriented, driven by excellence and a change agent Sound values with high integrity Effective communicator at all level Computer skills And knowledge Details of Experience: Excellent PC literacy Accounting software experience Essential requirements: Minimum 5 years relevant finance/accounting experience preferably in an ICT environment Strong influencing, communication and presentation skills, with high accuracy and attention to detail Education and Qualification Essential requirements: CA(SA) Qualified. Desirable requirements: Postgrad qualification in business (MBA or equivalent) will be an advantage Working Environment & Travel Fast-paced, dynamic work environment. Must have a valid driver s license and own reliable transport. Working Hours Working hours are 8h00 17h00 What will make the incumbent successful in this role? The ideal candidate will have previous experience in a similar role, and a proven track record of delivering results in such a role.

5 Equity Statement? We are committed to employment equity in our recruitment process. It is our company policy to promote within where ever possible. Therefore, priority will be given to our internal applicants if this enables us to achieve our Equity goals. For more information, or if you have any questions, please contact: Lerato kgajwane