Finance Manager

SUMMARY:
To oversee and be responsible for all aspects of financial management, ensuring compliance with internal policies and procedures as well as manage the day-to-day work of the finance department.

POSITION INFO:
Outputs Financial management Monitor the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions Oversee financial department staff Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary Track the company''s financial status and performance to identify areas for potential improvement Provide insightful information and expectations to managers as input in decision making Manage the preparation of the company's budget Establish and maintain financial policies and procedures for the company Conduct reviews and evaluations for cost-reduction opportunities. Liaise with various other departments, discussing company plans and agreeing on future paths to be taken. Improvement of the overall control environment of the finance function Effective budgeting for the organisation to ultimately inform the MTEF and ENE processes General ledger review and ensure that all recons are completed and signed before management accounts finalization Timely and accurate creditor payments Keep up to date with IFRS, GRAP and relevant legislation, regulations and instructions to inform policies and procedures within the department Effective annual planning and coordination of year-end audit Timeous completion of year-end audit within approved timelines and within approved budget Secure an unmodified audit report with minimal significant Report to Management findings Statutory\/ regulatory management Submission of monthly and quarterly financial reports. Ensure compliance with all statutory requirements relating to financial control, financial management and accounting Ensure appropriate external audit arrangements are in place and manage the audit process Assist in a successful conclusion of an annual audit with an unqualified opinion. Compile the respective sections of the company's integrated annual report and ensure submission thereof on time with a satisfactory quality and accuracy Understand and adhere to financial regulations and legislation. Internal processes and general management: Finance policies and procedures to be up to date and approved Compliance with the company policies and procedures Timeous resolution of audit findings by agreed implementation dates Operate within departmental cost budgets Reporting Review financial data and prepare monthly and annual reports Ensure Monthly Management Accounts to be finalised on time and provides useful strategic information to users Ensure that Compliance to PFMA, National Treasury (NT) Regulations and the dtic reporting requirements is adhered to Ad hoc reporting to the dtic and the NT Ensure timely and accurate preparation of compliant AFS and NT packs Portfolio Management: Ensure timely and accurate investment disbursements Ensure timely and accurate collections and debit orders Ensure timely and accurate impairments and write-offs Manage portfolio analysis that provides strategic input to the business Cash Management: Ensure that there is a weekly and monthly review of bank recons as per the Finance Standard Operating Standards Cash management to maximize returns Maintain banking relationships Risk Management Seek and implement methods for minimising financial risk to the company Stay up to date with technological advances and accounting software to be used for financial purposes Committees: Actively participate in internal committees in order to provide strategic finance input People Management Develop work plans and allocation of work, ensure outputs from team are of an acceptable standard Manage staff performance continuously to ensure maximum productivity, projects delivery and high staff morale. Provide Mentorship\/Training and manage development Minimum requirements Experience \/ Skills Required Minimum 8 years in progressively responsible financial management roles that includes the following: ✓ Staff management ✓ Preparation of monthly reporting to management ✓ Preparation of annual financial statements ✓ Managing both internal and external audit ✓ Thorough understanding of GRAP and IFRS ✓ Understanding of PFMA and NT regulations ✓ Computer literacy - Excel proficiency, knowledge of accounting systems \/ programmes High level of integrity and dependability with a strong sense of urgency and results-orientation. Experience in the preparation and finalisation of accounts in accordance with current statutory regulations Experience in budget preparation and reporting Highly numerate and able to analyse statistical information and interpret financial data to produce reports which can be understood by non-financial colleagues IFRS 9 practical experience. Qualification Requirements Essential: B Com Degree in Finance, Accounting Honours Degree Preferred: CA(SA) Personal Attributes\/Behaviours\/Attitudes Attention to detail Deadline driven Excellent planning and organisational skills Analytical skills Strong interpersonal skills Ability to work under pressure Flexibility - ability to handle erratic working hours Ability to interact at all levels Leading\/ Managing Competencies Monitoring and Measuring Strategic Leadership Vision Creation & Motivation Functional Competencies Anticipating and Managing Change Business insight and Risk Awareness Commercial and Financial Acumen Organisational Awareness Process & Tech Competence