GM: Financial Accounting and Reporting (6 months)

SUMMARY:
To provide IFRS technical accounting advisory, managerial and operational expertise in order to provide relevant and reliable information for business decision making through the design, implementation and maintenance of effective financial processes, procedures and policies

POSITION INFO:

To provide IFRS technical accounting advisory, managerial and operational expertise in order to provide relevant and reliable information for business decision making through the design, implementation and maintenance of effective financial processes, procedures and policies. The role is also responsible for ensuring that internal financial controls are in place and are adhered to. Technical accounting advisory forms a critical part of the function of the role. Manage the Annual Financial Statements process and Audits for both the Company and Insurance.

Key Performance Areas:

1. Technical Accounting Advisory Services to the Group

Provides technical accounting advisory services for the Company

Liaises with Chief Financial Officer to determine the deliverables of the department and creates plans to achieve goals and objectives

2. Manage Financial Controls of the Company

Ensure that systems and controls are in place to reconcile the payments, accounts payable and employee complement, as indicated by Human Resources, with the payroll run each month.

Creates the criteria for Financial Management approaches and develops, implements and enforces appropriate policies.

Reviews, updates and enforces policies and procedures and suggests improvements.

Oversees and is responsible for the management and adherence to policies and processes relating to financial management.

Sign off reconciliations for accounting purposes are undertaken monthly.

Creates the criteria for Financial Management approaches and develops, implements and enforces appropriate policies.

Reviews, updates and enforces policies and procedures and suggests improvements.

Oversees and is responsible for the management and adherence to policies and processes relating to financial management.

Reviews balance sheet reconciliations on a monthly basis.

3. Management of Both the External Audit Process of the Company. Manage and co-ordinates clearance of all internal and external audit findings in the Company.

Liaises with both internal and external auditors and responds to audit queries / opinions. Manages the co-ordination of the external Audit Process - responsible for ensuring smooth interim and year-end audits, including coordination of Client Assistance Schedules.

4. Management of Finance Operations

Analyses the strategy and plan and creates the policies and approaches to support the plan through detailed sub-policies and processes: o Claims - Travel - Expenditure Policies o Manages Payroll, o Accounts Payable and Payments, o Travel and Events and Projects. o Debtors Management, excluding customer collections e.g. rent collections.

Ensure that systems and controls are in place to reconcile the payments, accounts payable and employee complement, as indicated by Human Resources, with the payroll run each month.

5. Manage Annual Financial Statements

Ensures Interim and Annual Financial Statements are prepared in accordance with requisite legislation and accounting standards.

Ensures Interim and Annual Financial Statements including coordination of Client Assistance Schedules are submitted for external audit purposes on time.

 6. Risk Management & Committee Participation Risk Management

Provides guidance to the Finance Department Risk Champion to enable:

Reviewing and updating of organisational action plans on Business Unit’s risk register;

Capturing of operational new risks identified and discussed for the Business Unit. Audit Matters.

Responds to audit queries / opinions for own area of responsibility. Committee Matters

Attendance and Participation in various committees (MANCO, CROM, ALCO, CRMC, ORCO, PROCUREMENT, IMPAIRMENTS) and provides input into the strategic decision making of the bank.

7. Develops and Manages the Financial Reporting and Accounting function of the Business, including people management Performance Management

Analyse the business plan to determine the applicable deliverables and targets

Compile the Performance Management documentation in collaboration with the staff member in terms of:

Job Profile requirements

Key Performance Areas

Personal Development Plan

Conduct performance planning session and Track and monitor performance in accordance with performance contracts

Conduct performance reviews in accordance with policies and procedures and take corrective actions where necessary Capacity Planning

Determine the human resource requirements, in accordance with the expected deliverables and current capacity

Secure the human capital requirements to ensure that deliverables will be met in accordance with the expected targets

Financial Management

Develop and manage budget

Manage expenditure and ensure no fruitless expenditure

Adhere to financial guidelines and thus ensure proper control over expenditure

Preferred Minimum Education and Experience

Qualified CA (SA)

7 years post qualification as a CA(SA) Experience in a similar role

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