Finance Manager

SCOPE OF WORK

 

 

Monthly reporting

• Monthly flash reporting
• Monthly Profit and Loss meetings – presentation of anticipated financial results for the current month as well as breakdown of anomalies of previous months.

 

Monthly management accounts

 

• Reviewing and signing of month end files (also used for Audit purposes).
• Monthly balance sheet reconciliations
• Preparing monthly management accounts for Sekta.
• Preparing monthly consolidated management accounts for Sekta.
• Consolidation of intercompany, loans, interest on loans and admin fees.
• Intercompany, interbranch transactions and journals.
• Intercompany payments, receivables, and loans.
• Tax calculations, income tax and deferred tax in accordance with IFRS
• Running and updating of Fixed Asset Deferred Tax report.
• Frequent following up on timeous completion of various transaction processing, updating of management information and ensuring deadlines are met
• Raise issues requiring attentions with Operations and other stakeholders

 

 

Policies and Procedures

• Keep a register of all company policies and procedures including subsidiary levels.
• Ensure that all policies are maintained and reviewed before due/expiry dates and that all policies are updated with changes required due to changes in the business environment or legislation.

 

Debtors Management

• follow-up on outstanding Debtors with accountant, clients and sites personnel.
• Monthly debtors report to CFO
• Ad hoc Debtors report to CFO
• Ensure debtors management on an ongoing basis and avoid any outstanding amounts in risk period

 

Value Added Tax (VAT)

 

Cashflow and creditors management

• Ensuring compliance through SARS VAT submissions and annual reconciliations.
• Weekly cashflow report to CFO

 

Budgets/Forecast

• Annual budget preparation for all divisions and companies.
• Creating a budget format aimed to assist Ops Managers who are not financially orientated through setting up, assisting, reviewing, final drafting and completing of variance schedules of budgets from costing to balance sheets.
• Consolidation of REDEC budgets
• Re-evaluating of Budgets to a Forecast format for remainder of financial year when required
• Monitoring of Budget to Actual as well as updating on monitoring of Forecast to see progress monthly (complete with balancing of each balance sheet company and per region)

 

Sundry Debtors (If applicable)

• Determine monthly revenue forecast and perform monthly revenue analysis.
• Weekly following up on timeous completion of revenue documentation and
  • calculations, updating of data bases and revenue in progress, raise issues with the client and Ops

Audit

• Assist in financial audits and implement audit recommendation

 

Transformation

• Participate in the attraction and Selection of top calibre EE candidates in line

           with targets

• Accelerate the development of key EE personnel for promotion and

            succession planning

• Contribute towards the achievement of the BBBEE targets (Scorecard)

 

Minimum Qualifications

• Matric
• Degree in Finance or Accounting
• BCom Honours (an advantage)
• Accreditation with relevant professional body (an advantage)

 

Experience

• Minimum of 5 years working experience as Financial Manager
• Previous supervisory experience (an advantage)
• Proven experience in a management position dealing with accounts, financial systems management, and operations in a large and complex organisation.
• Experience in asset management and procurement procedures (an advantage)
• Minimum of 5 years working experience with sundry debtors.

 

Skills

• Leadership
• Time-management
• Ability to multi-task
• Attention to Detail
• Deadline Driven
• Sound communication skills (written and verbal)

 

• Change Management
• Knowledge management
• Data gathering and analysis
• Collaboration
• Problem-solving
• Internal resource management
• Driving results
• Planning and organising
• Process Management

 

Knowledge

• Accounting standards, principles and basic understanding of IFRS (International Financial Reporting Standards)
• MS Office
• Advanced Excel Skills
• Finance and Accounting Systems (MS Dynamics AX/Financial Systems)
• Relevant legislation (i.e., Companies Act, Vat Act, Income Tax)
• Budgeting
• Forecasting and modelling
• Financial Statements
• Preparation for annual Audits
• Financial Compliance

 

Attributes

• Results oriented
• Analytical thinking
• Customer oriented
• Reliable, meticulous & precise
• Confidentiality
• Honesty & integrity
• Taking ownership
• Excellent interpersonal and organizational skills
• Assertive, dynamic & proactive individual

 

 

• Interpersonal Skills
• Accountability
• Deadline driven
• Ability to work under pressure
• Ability to work independently and as part of a team