Group Financial Manager -JMH Group

SUMMARY:
The incumbent will be responsible to assist the CFO in management of the finance department and the financial performance of the company.

POSITION INFO:

• Supervision of a complement of approximately 25 staff members.All administrative related tasks for staff e.g., Kronos; leave and overtime.
• Preparation and presentation of consolidated results for the group and admin companies (Management accounts).
• Reviewing management accounts and management files of all companies.
• Review of all intercompany transactions and preparation of intercompany close off journals.
• Analysing the costings of major expenses and ensuring all activities and expenses are in line with business practice.
• Supervising the preparation of Annual Financial Statements.
• Manage the Group’s accounting departments and implement best practices.
• Manage processes for financial forecasting, budgeting, and consolidated reporting to the Group.
• Provide prompt and efficient customer service to internal and external customers. Foster constructive working relationship with internal and external stakeholders.
• Build productive working relationships with stakeholders to understand their business operations and the financial information needs of end users.
• Manage relationships with others across the Group to achieve alignment in key business strategies and decisions.
• Manage the Group’s cash flows within available facilities, providing appropriate reporting to Directors and Executive Management.
• Manage the Group’s financial reporting obligations, with responsibility for preparation of consolidated accounts.
• Collaborate, design, implement and review finance systems, policies, and procedures to ensure continuous improvement and best practice.
• Oversee finance systems managing transaction flows from source through interfaces to general ledger.
• Ensure reporting functions and responses to ad hoc requests for financial related information are appropriately delivered.
• Build team and individual capability, ensuring personal effectiveness for work in current and future roles.
• Review and finalisation of all income taxes computations and submissions at year end. Review of all calculations provisional taxes to be paid.
• Oversee UDZ allowance project and finalisation of the tax impact of JMH property.Reviewing and approving VAT computations.
• Supervision of payroll department.
• Review and approve finance department payroll.
• Review and authorise payroll net pay, Medical Aid and 3rd party payments for the group.
• Authorise Pension payments on the Old Mutual platform for the group.
• Review the individual company budgets.
• Consolidate the individual company budgets to compile a group budget for Income and Expenses as well as Capital Expenditure.
• Present the budgets to management.
• Preparation for and oversee the external audits listed below:
• Annual Financial Audit • BBBEE Audit.
• SARS Audits.
• Oversee the internal Fixed Asset audit.
• Ensuring compliance with external regulators:
• SARS compliance.
• Debt providers compliance (Rand Merchant Bank).
• Ensuring compliance with internal policies and processes.
• Evaluating the tenders for outsourced services e.g., Catering, security and cleaning and providing feedback to management.
• Special project investigations for new businesses.
• Compilation of financing options for special projects.
• Review and authorise purchase orders.
• Liaising with Shareholders regarding their shares and any other queries they may have.
• Authoriser of intercompany transfers on the banking platform.
• Review and authorise new suppliers loaded on to banking profile.
• Oversee special projects regarding the upgrading of ERP systems.
• Advising on investment activities and provide investment strategies.
• Provide financial reports and interpret financial information to management.
• Oversee operations of the finance department, set goals and objectives, and design a performance framework.
• Provide executive management advice on all financial activities and implications for the Group.

MINIMUM REQUIREMENTS

• CA(SA)
• 5 years’ experience in the relevant industry.
• Experience in supervising the staff and overseeing reports from staff.
• Must be proficient in Accpac and VIP.
• Effectively able to communicate financial information with varying levels of financial acumen.
• Ability to work as a member of a team.
• Effectively able to produce, analyse and interpret complex financial information.
• Excellent organisational and prioritisation skills.
• Excellent judgment demonstrated and decision-making skills.
• Ability to work in a progressive and challenging environment.
• Advanced financial modelling skills.