Financial Manager

Pretoria, Gauteng, South Africa

Job Description


Job SummaryPurpose of Role:To analyze market trends and business opportunities. You will prepare and report financial results, working under the Manager: Investment Administration. Responsibilities include providing financial advice, managing monthly accounting and financial analysis, ensuring efficient controls, and producing board reports.QUALIFICATIONS & EXPERIENCE:

  • 3-Year Tertiary Qualification: (B Compt Accounting or equivalent).
  • Completed Articles to become a Chartered Accountant.
  • Intermediate level of proficiency relating to the MS Office Suite (in particular MS Word, MS Excel and MS PowerPoint).
  • 5-10 years of accounting experience applying International Financial Reporting Standards.
  • 5+ years of financial reporting and analytics experience.
  • Supervisory experience.
  • Advanced level of accounting principles, processes and procedures.
  • Extensive report writing experience.
KEY DUTIES AND RESPONSIBILITIES:Entity Accounting: Manage accounting processes to ensure compliance with IFRS for timely, accurate, and reliable financial information.
  • Oversee ordering and creditor payments, ensuring proper authorization and accounting.
  • Manage the asset register and capital expenditure.
  • Prepare and review monthly reconciliations, clearing any reconciling items.
  • Oversee general journal processes, including accruals, provisions, and corrections, and authorize transactions per Delegation of Authority.
  • Ensure accounting processes provide timely, accurate, and reliable financial information.
  • Ensure adequate provision for irrecoverable debt on loans, applying IRFS principles.
  • Ensure compliance with the delegation of authority for transactions.
  • Approve write-offs as per Delegation of Authority.
  • Release payments and approve transactions per bank mandates and delegation of authority.
  • Identify and address key risk areas in accounting systems and processes.
  • Manage software implementation, upgrades, enhancements, and related testing.
  • Control daily cash flow and manage investments with the Investment Administration Department.
  • Ensure all required systems and documents for the bank, auditors, and actuary are in place and approved.
Budgeting: Under the approved guidelines:
  • Manage the budget process for the entity.
  • As a business partner guide managers/ executives through the process.
  • Evaluate the budget items based on the assumptions and work with management that budgets are aligned to assumptions and principles.
  • Collate the forecast and budget (opex and capex) for the entity together with commentary for Exco and the Board.
  • Responsible that the approved budget is captured accurately (with phasing) in the accounting system
Management Reporting:
  • Prepare monthly divisional and entity-level income statements, balance sheets, and financial reports by the deadline.
  • Draft responsibility statements for managers.
  • Analyze financial results versus budget, provide monthly feedback, and recommendations, and report exceptions.
  • Ensure accuracy and completeness of monthly management accounts, including provisions and impairments.
  • Provide draft reports to the Financial Controller for Exco and Board reports.
Taxation:
  • Calculate the entity's income taxes.
  • Complete and submit company income tax returns on time.
  • Calculate and submit provisional tax payments; ensure timely payments.
  • Accurately account for and apply all taxes to transactions.
  • Review, approve, and submit VAT returns on time; ensure timely VAT payments.
  • Draft replies and handle audits, queries, and communications with SARS.
  • Identify and address all tax matters and risks related to the entity.
Annual Reporting & Year End:
  • Prepare the entity's annual financial statements in compliance with IFRS and Group reporting standards.
  • Provide consolidation information to the responsible manager.
  • Determine the impact of new IFRS statements in advance, approve and implement solutions, and ensure early audit of new disclosures.
  • Provide required information and explanations to external auditors on time, fostering a good working relationship.
  • Identify and resolve potential and actual issues early, coordinating with Finance senior management.
  • Prepare statutory returns for the entity as required by Statssa and NCR.
  • Prepare financial data for statutory returns to the Prudential Authority.
  • Manage the process for agreed-upon-procedures external audits on any statutory return.
Department Management: In respect of all the departments under the incumbent's control:
  • Build and maintain stakeholder relationships.
  • Provide technical direction to the team.
  • Mentor and develop direct subordinates, including feedback, coaching, work allocation, training, problem resolution, and performance evaluation.
  • Guide cross-divisional teams.
  • Manage the department per policies, standards, and legal requirements.
  • Monitor and measure departmental performance against metrics.
  • Implement performance management with SMART targets.
  • Identify, manage, and report operational risks, complying with risk management policies.
  • Manage the department's annual capital and operational budget.
Other:
  • Represent Finance on management committees and projects as allocated/requested.
  • Ensure that personal information is safeguarded in the department and that POPI requirements are met.
  • Provide sound financial advice to the management of the entity.
Sagen AdvisoryCompany

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Job Detail

  • Job Id
    JD1321906
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Pretoria, Gauteng, South Africa
  • Education
    Not mentioned