Job Description

Mission/ Core purpose of the Job:

• To manage and oversee accurate and detailed monthly financial reporting for client.
• To manage the execution of the budgeting and forecasting process, ensuring accurate and detailed reporting and forecasting
• Define and drive a framework for the effective management of the Reporting environment to ensure valid and accurate reporting. Oversee Group Hyperion financials and non-financial reporting as well as providing timeous consolidated decision-making information.
• To ensure a commercial risk governance function in business area function, aligned with BRM polices, framework and guidelines.
• To manage and ensure Supersonic compliance (CIPC AND SARS).

• Highly dynamic and fluctuating Telecommunications industry
• Within the legal, regulatory and commercial environment of South Africa
• Highly competitive market with new and established competitors
• Custodian of corporate governance and therefore ensuring that decisions/actions are in line with King II and ICASA principles
• A high need for compliance
• Cross-functional role where there are dependencies and inter-dependencies from all environments, especially the Network Group, Legal & Regulatory, Product Marketing, Retail, and Billing.
• Pressurised environment with strict month end and Group reporting deadlines and requirements.
• Operate within best practise RA frameworks which includes but are not limited to Tele Management Forum practises, GRAPA practises, client practises and external audit frameworks

Strategic Input:

• Contribute to and implement the long-term strategy for the Financial Operations
• Provide input regarding the impact of related financial decisions made across the business.
• Analyse trends and highlight areas of the business that may be developed further.
• Provide strategic input and analysis to the MD and CFO finance and operations related matters
• Development of a financial risk management matrix; provide input into reviewing organisational activities and development of adequate risk mitigation strategies
• Design and implementation of appropriate working capital management strategies
• Design and implementation of diverse cash management strategies in line with best practice and innovation
• Contribute towards long-term forecasts and predictions (2-5 years), analysing trends and highlight areas of the business that may be developed further

Operational Planning:

• Translate targets and strategies into operational plans, driving the execution thereof and taking corrective actions where necessary.
• Manage the Financial Operations team, review the monthly operational results and ensure all finance reporting is accurate,
• Compile, update and implement relevant polices and procedures within the finance operations and reporting function
• Develop and define adequate financial controls and processes to minimize risk and effect operations with no adverse audit comments.
• Consider the long term (1-2 years) implications of actions, controls and processes on the viability of the business from a broad perspective, including the impact on other areas of the business and the interdependency of departments.
• Resolve internal and external queries that are escalated to this level.
• Liaise with internal and external auditors to resolve audit points by ensuring that they are dealt with effectively and timeously.
• Define and initiate ad hoc Financial Operations related projects, providing business plans, support and input as required.
• Fulfil a specialist role for ad hoc projects where required, giving specialist input, in respect of financial modelling (business cases) for decision support

General Ledger:

• Define the general ledger process and ensure compliance and proper application
• Manage all Financial Operations reconciliations and ensure validity of all prepared journals.
• Identify and manage risks within Opco financials by ensuring all financial PPPs are adhered to within the business.
• Identify and manage risks within all internal departments by ensuring compliance to all finance PPPs.
• Manage reconciliations and accruals to ensure accruals are completely accounted for on a month to month basis.
• Prepare, process and post journals.
• Present monthly income statement and balance sheet for the Flash report

Fixed Assets:

• Review of capital expenses and determine whether capital or non-capital Ensure capitalisation of fixed assets
• Review assets dispose proposal and ensure accurate accounting of profit / loss on disposal of assets
• Manage the Fixed Asset register and ensure data integrity

Inventory Financial Management:

• Maintain controls over stock counts and variance resolution
• Manage the inventory obsolescence levels and provisions
• Maintain and review relevant system configurations to ensure the correct recording of inventory

Cash Flow:

• Authorize payments according to the authorisation framework for Cheque/EFT signatory on Payment related accounts.
• Manage all transactions in the cash management sub-systems to ensure they map through to the general ledger correctly.

Audits:

• Liaise with internal & external auditors to resolve audit points by ensuring that they are dealt with effectively and timeously
• Consolidate audit schedules for internal and external audits.
• Assist the audits in fielding or referring questions and requests from the auditors

Reporting:

• Oversee development and management of the internal and external end-to-end reporting process to deliver against internal and external stakeholders requirements
• Ensure the preparation of and manage information requirements from Group, external analysts, internal virtual finance users and Regulators (ICASA)
• Refine the reporting function by continually seeking additional information to include in the reporting pack that may add value to the users of information. Manage month-end closure and ensure timeous reporting by providing guidance to interdepartmental managers where necessary.
• Analyse and define methods to support the reporting process and compilation of annual financial statements
• Streamline financial reports to ensure that they are aligned to the accounting system
• Manage the preparation of all financial reconciliations, Analyze results and highlight variances and corrective action
• Assess report information to provide value-adding commentary for the business and Corroborate financial and non-financial data in order to develop key business insights
• Communicate key insights to key stakeholders
• Responsible for monthly, quarterly, biannual commentaries, as well as financial commentaries to the CFO, Exco and MTN group finance teams
• Oversee the preparation of Monthly and Quarterly Opco Packs (Hyperion- Financials & Non Financials) on a periodic
• Prepare the annual financial statements.

Financial Planning and Budget Management:

• Receive inputs from business units with the agreed translation of Strategic Plan financials to a yearly budget plan for function
• Participate in and drive the business planning process. Ensure that the financial considerations of strategic objectives are appropriately reported/ reflected during this process
• Oversee the detailing of the top-down budget
• Oversee preparation of guidelines specifying requirements, parameters and timelines for the budget process. Ensure these are distributed timeously to the relevant stakeholders in function - Oversee and drive budget allocation to the different departments within Business units

Risk Governance / Management:

• Identify and monitor commercial risks. Analyse commercial contracts and identify potential risks for the business - escalate to CFO
• Raise red flags to CFO, identifying potential risks that could arise - propose action plans to mitigate risks
• Proactively identify tax risks, applying a framework defined by BRM and Group Tax. Escalate to CFO and client Tax team
• Support recommendations analysis to the function to reduce business risk. Assess and evaluate the the Finance departments internal control environment Assist CFO in the daily execution of their daily governance, risk management and compliance management activities

Customer Satisfaction:

• Build, develop and maintain solid relationships with all relevant stakeholders. Respond to escalated queries and resolve timeously.
• Ensure customer needs and requirements are satisfied through appropriate systems, processes and procedures.
• Adopt a proactive management approach to prevent future problems.
• Drive continuous improvement as an important element of service delivery

Project Management:

• Develop and drive the execution of agreed projects
• Drive the implementation, tracking, monitoring and compliance of Projects Contract management in line with Procurement Policies
• Co-ordinate project reporting
• Ensure effective implementation of the integrated project management model Project Risk management

Business Analysis:

• Determine, document, and review requirements for projects within the scope of the value stream or impacting processes and systems
• Design, analyse and document workflow and make appropriate recommendations that will positively impact operational effectiveness
• Identify Business Improvement and Optimisation opportunities that will result in improvement of process performance
• Construct business cases for initiations proposed by the business. Research and consider best practice, local conditions, trends, as well as competitor activity

Supervisory / Leadership / Managerial Tasks:

• Define the divisional KPAs and KPIs that will be cascaded down to each area Build and enforce a customer centric approach
• Build employee relations and collaborative teamwork
• Build professionalism, loyalty and commitment to the organization Communicate actively and effectively resolving any potential conflicts that may arise
• Display insight into leadership style and how it impacts on performance positively and negatively
• Have the self-insight and flexibility to adapt to different situations
• Manage boundaries that separate units to optimise workflow

Talent Evolution