Financial Manager

SUMMARY:
Our client, one of the biggest Pension/Retirement Fund in SA, seeks to employ an experienced Financial Manager.

POSITION INFO:

Act as financial custodian for Organization

• Determine and implement policies, procedures and processes for Finance in line with the wider organizational Finance policies, regulatory/statutory requirements and good practice
• Periodically review the extent to which policies, procedures and processes are adhered to and take corrective action where needed.
• Establish and implement the necessary governance and decision-making frameworks within Finance.

Manage the annual budgeting process

• Lead the annual budget process for the Fund.
• Proactively manage costs against approved budget, provide meaningful
• variance analysis reports and ensure corrective action is taken.
• Undertake periodic cost reviews and identify areas for cost optimisation
• Identify and assess applicable cost metrics, track and report on these regularly

Manage the Financial Reporting process

• Generate monthly management accounts and flash reports, as required.
• Develop monthly financial reports and present to relevant Management, Executive and Fund Committees for approval, reflecting accurate information by due dates.
• Generate Annual Financial Statements in compliance with accounting standards and regulatory requirements and oversee the external audit process in line with annual reporting plan.
• Lead the Integrated Report for CFO finalisation and approval.

• Stakeholder management and finance business partnering support
• Provide financial governance and oversight for organizations projects
• Plan and lead finance projects to ensure that they are successfully implemented against plan and managed within cost and time constraints.
• Oversee Accounts Receivable and Payable and Cash Management and Taxation

Manage Accounting processes

• Ensure accurate and timely of posting and updating to General Ledger
• Oversee the maintenance of the chart of accounts and accounts groups in terms of completeness and accuracy.
• Oversee month-end and year-end journal entries in accordance with stipulated policy and procedure.

Oversee Asset Management

• Ensure Fund’s assets are acquired, depreciated, maintained and disposed off in line with relevant policies.

People Leadership

• Lead, guide and manage direct reports and other members of the team,
• Ensure sufficient capable resources are in place to meet service and value delivery to stakeholders, maintaining the effective and efficient capability of the department.
• Build a high performing team where the best people are deployed in the right roles and deliver against strategy.
• Ensure that all employees are motivated, developed and sufficiently
• rewarded and recognised.
• Manage employees’ performance and ensure that their individual and collective performance is of the required standard.

Duties of the SAICA CA(SA) Reviewer, Evaluator and Assessor

• Attend refresher training on a regular basis.
• Meet with the CA Trainees prior to the beginning of a rotation and the content of the meeting shall cover the items listed on page 23 of the Reviewer Training manual.
• Monitor the trainee’s performance on an on-going basis and provide regular feedback to the trainee.
• Complete the Technical Skills Review and Professional Skills Review as defined by the organizational guideline (policy).
• Complete evaluations as defined by the organizational guidelines.
• When required act as an assessor as defined by the organizations guidelines and SAICA requirements.