Job Description

We are looking to hire a financial manager to analyze market trends and various business opportunities from a financial perspective. You will be responsible for the preparation and reporting of accurate and complete financial results of AVBOB Financial Services and finance function that is specific to this entity under the leadership of Manager: Investment Administration.

You will be a strategic business partner for this entity providing sound (financial) advice to management. Work as a valued strategic partner to the business and are responsible for handling the monthly Group baseline accounting and financial analysis / reporting, managing effective and efficient controls, producing Group financial information for inclusion in board report in respect of AVBOB Financial Services.

You will be working for a last standing company with strong values which are customer centric. In return for your services, you will be paid a competitive package, which includes pension fund contributions and a medical aid allowance. You will have access to personal services through the employee assistance program and wellness programs. You will be working for an organisation that values employee development and rewards excellent performance.

YOUR RESPONSIBILITIES WILL INCLUDE THE FOLLOWING:

ENTITY ACCOUNTING

• Under the guidance of the Manager: Investment Administration
• Manage the accounting processes applied in the entity ensuring compliance to overall timely, accurate and reliable financial information in accordance with IFRS. This includes:

-Manage the ordering and creditors payments processes to ensure that all transactions are authorised and accounted for correctly.

-Manage the asset register and capital expenditure process.

-Responsible that all reconciliations are prepared monthly and that reconciling items are cleared. Review of reconciliations performed by accountants.

-Manage the general journal process and the posting of accruals, provisions and corrections within the delegation framework. Authorise financial transactions in department according to the delegation of authority.

-Manage the other accounting processes applied to the entity ensuring compliance to overall timely, accurate and reliable financial information.

-Together with Credit Management ensure that provision for irrecoverable debt on loans is adequate and calculated applying IRFS principles.

-Ensure the transactions comply with the delegation of authority.

-Approve write-offs in terms of Delegation of Authority.

-Release payments and approve other transactions in terms of bank mandates and delegation of authority.

-Identify key risk areas in the accounting system and processes, assess impact, report and where necessary take corrective action.

-Identify the need for system changes and manage the process of software implementations, upgrades and enhancements and the related testing of the programs.

- Manage and control the entitys daily cash-flow requirements to ensure that it has adequate cash balances available to fulfil its operational responsibilities. Working with the Investment Administration Department manage the investment of excess cash and withdrawal of investments in accordance with the delegation.

-Ensure that all systems and documents required by the bank, auditors and actuary are in place and approved.

BUDGETING

• Under the guidance of the Manager: Investment Administration and in accordance with the approved guidelines:

-Manage the budget process for the entity.

-As a business partner guide managers/ executives through the process.

-Responsible to evaluate the budget items based on the assumptions and work with management that budgets are aligned to assumptions and principles.

-Responsible to 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 * Under the guidance of the Manager: Investment Administration

-Responsible for the preparation of the monthly divisional management income statements, entity level income statement and balance sheets and other financial reports by the reporting deadline. This includes providing draft responsibility statements to responsible managers.

-Analyse and interpret the financial results of the entity compared to budget and provide feedback and recommendations where necessary on a monthly basis. Report on exceptions.

-Responsible that monthly management accounts are accurate and complete, including provisions, impairments etc.

-Provide the Financial Controller with draft report for inclusion in the Exco packs and the Board reports.

TAXATION * Under the guidance of the Manager: Investment Administration

-Responsible for the income tax calculations of the entity.

-Responsible for the completion of all company income tax returns for the entity for review of the Manager: Investment Administration. Responsible for submission by deadline.

-Responsible to calculate the provisional tax payments for approval based on actual results and appropriate forecast. Responsible to submit these returns and ensure that provisional tax payments are effected by the due dates.

-Responsible that all taxes are accounted for accurately and applied to transaction correctly.

-Responsible to check and approve the VAT returns and ensure that these are submitted on time and that VAT paid on time.

-Responsible to draft replies and deal with all audits, queries and communication with SARS.

-Responsible to identify all tax matters and risks related to the entity that require attention and ensure that these are dealt with.

ANNUAL REPORTING AND YEAR END * Under the guidance of the Manager: Investment Administration

- Responsible for the preparation of the entitys the annual financial statements in compliance with IFRS (and Group reporting standards). Responsible to provide consolidation information to the responsible manager. The impact of new IFRS statements must be determined well in advance, the solution approved and implemented, including the early audit of new detail disclosures.

-Responsible to meet year end reporting timetable.

-Responsible for provision of required information and explanations to external auditors as per timetable, and to build a good working relationship with the external auditors. Possible and actual issues must be identified as early as possible, solutions determined and agreed with Finance senior management and implemented.

-Responsible for preparation of statutory returns for entity in respect of Statssa and NCR.

-Responsible for the preparation of financial data in statutory returns to the Prudential Authority.

-Responsible to manage the process for agreed-upon-procedures external audits on any statutory return.

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 management of entity.

-Any reasonable request

DEPARTMENT MANAGEMENT

• In respect of all the departments under the incumbents control:

-Plan, select, develop and maintain suitable manpower capabilities for the function. Identify critical skills essential for sustainability of service delivery and the development of succession plans.

-Develop, lead and maintain a motivated high performing team.

-Create and maintain a climate conducive to performance to ensure that the department delivers against objectives.

-Identify and timeously address functional related problems and opportunities.

-Build and maintain relationships with stakeholders.

-Provide technical direction to the team.

- Mentor, manage and develop direct subordinates. subordinates - includes continuously providing feedback and coaching to ensure that your team members perform at optimum productivity levels. Managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.

-Guide larger, cross-divisional teams outside of direct span of control.

-Manage the department in accordance with agreed policies and procedures, standards and legal requirements.

- Monitor and measure the departments performance in accordance with the agreed upon metrics.

- Implement performance management in teams, through setting of smart targets that contribute to meeting the entitys objectives, tracking and monitoring performance.

-Identify and timeously address functional related problems and opportunities.

-Provide technical direction to department.

- Identify, manage and report on operational risks and manage these risks. Comply with the Groups risk management policies.

- Manage the departments annual capital and operational budget.

-Fulfils all the required management responsibilities.

• 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.

AVBOB