Budgeting, Financial Control, Reporting & Compliance Manager

SUMMARY:
Opportunity Available!! Our leading client in the Business Development Sector is looking to employ a Budgeting, Financial Control, Reporting & Compliance Manager to join their dynamic team in East London.

POSITION INFO:
Strategic Planning and Governance

• Provide input to the organisational strategy and Corporate Plan, as well as reviewing organisational activities and recommend corrective actions if necessary.
• Contribute to corporate strategy by identifying data that can be used to support, influence and leverage results.
• Enhance and implement treasury systems, processes, procedures, tools, and control systems.
• Implement controls within the organisation which minimize potential risk to stakeholders.
• Oversee that monthly, quarterly, and annual reports are prepared accurately, maintained, and submitted timeously to all stakeholders.
• Participate in management forums within the company, contributing expertise to enable sound decision making.
• Facilitate inter-departmental communication through appropriate structures and systems.
• Identify opportunities for maximising spend effectiveness, keeping costs tightly managed, and produce robust / informative cost reporting to enhance strategic decision making in the organisation.
• Develop and manage relationships with all internal and external stakeholders.

• Manage and control the capital and operational budget of the Unit to ensure effective and efficient functioning within budgetary constraints of the company.
• Prepare the accrual and cashflow budget of the Corporation.
• Develop and maintain budget policies and procedures.
• Prepare and review monthly and quarterly journals and reconciliations.
• Collaborate with stakeholders from the various units to obtain the budget requirements and needs
• Communicate the approved budget to the various units.
• Collaborate with stakeholders from the various units to manage and track performance against budget.
• Investigate and implement improvements in the management accounting function.
• Ongoing monitoring of underlying trends, key metrics, and market share, which can help the business to focus on the most promising prospects.
• Prepare and present reports detailing the status of expenditure and availability of funds for current and short-term interventions.
• Monitor, recommend and implement corrective measures to rectify deviations/acts contrary to budgetary provisions, financial regulations, audit requirements and departmental procedures.
• Prepare quarterly drawdown requests to DEDEAT and reconciliations of drawdown funds.
• Authorise requisitions, payments, etc. regarding expenditure as delegated.

• Ensure that all financial submissions adhere to the accounting policy and where applicable are in line with International Financial Reporting Standards (IFRS), Treasury and other regulatory requirements.
• Ensure Provincial Treasury and DEDEAT financial reporting requirements are adhered to.
• Ensure Monthly and Quarterly Management reports are prepared and submitted timeously.
• Develop management reporting templates based on predefined reporting requirements with the corporation’s Executives, and other stakeholders
• Prepare Executive and board-level documents for monthly, quarterly and annual reporting in addition to ad-hoc requests.
• Prepare cost-benefit analysis on operational decision-making requirements.

• Lead the development and implementation of stakeholder management strategies.
• Build and maintain excellent and highly efficient working relations with other agencies, key community leaders and groups of influence to ensure organisational goals are met.
• Gauge the performance of the various teams and recommend areas that need improvement and changes to achieve the targets.
• Identify development and training needs to achieve overall organisational objectives.
• Work in partnership across the business units to foster a collaborative employee and stakeholder engagement focus.
• Develop and manage relationships with all internal and external stakeholders.

• Provide leadership and guidance to coach, motivate, and lead team members to their optimum performance levels and career
• Identify designated staff responsibilities, authority and personal performance measurement criteria.
• Monitor the provision of outputs of direct reports to ensure deliverables of the team are met.
• Conduct performance reviews and address areas of non-performance.
• Identify training needs and development opportunities for direct reports.
• Determine staff levels and prepare motivation for the filling of vacancies to complement functional objectives and requirements

• Bachelor's Degree in Commerce (Accounting/Finance/Business Information Systems).
• 7 years working experience in budget management, financial reporting or related area of which 3 years must be at supervisory or consultancy level.

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