FINANCIAL MANAGER

Talent Genie

Your Formal Education:

and five years’ post articles experience will enable you to:People:

Manage finance subordinates and contribute to a team-work culture
Establish and maintain appropriate finance staff resources to ensure that various job functions are delivered on time, budget and to the agreed quality standard
Implement effective succession planning, people management and development of financial staff

Processes and internal controls:

Liaise with the Managing Director on the development, implementation and monitoring of the company’s strategic financial plans
Review and report on the finance division’s strategy, ensuring the strategic objectives are well understood and executed by finance staff
Develop, improve, implement, monitor, and maintain the financial systems, processes and policies in support of the organizations’ strategic objectives in order to support better management reporting, in formation flow, financial planning and controls for the cluster
Advise on proper allocation of resources
Ensure financial efficiency and control of financials as per policies
Ensure that appropriate financial regulations and controls are in place and in use at all time

Apply sound financial management principles (in line with policies and procedures) to ensure:

the optimum utilisation of the company’s working capital,
proper budget control,
the safeguarding of company assets,
prevention of fraud and theft through the design, implementation and monitoring of internal controls and,
compliance with group policies and procedures with regards to financial matters.
To ensure accuracy of financial reporting the following controls are prescribed as a minimum:

analytical review of the financial information,
balance sheet reconciliations,
income verification checks and
supervision of accounting staff.
Review and report on the finance division’s strategy, ensuring the strategic objectives and business plans are well understood and executed by finance staff

Reporting and regulatory requirements:

Accountable for accurate and reconciled technical and cluster financial accounting and reporting
Accountable for the accurate calculation and timeous payment of all taxes
Facilitate intercompany processing, and assist Group finance with requests and timeous reporting to the Board
Evaluate financial reports and financial data
Accountable for complex accounting transactions and journals
Constant cost analysis and negotiations of better rates with suppliers within the consolidated structure
Ensure that financial reporting (including forecasts, budgets and all other financial information required) is:

timely,
accurate, and
relevant.
Reporting to the Group must be in accordance with the prescribed timelines and formats to include that of ad-hoc requests. However, the prescribed timelines and formats do not preclude the FM to disclose additional information that he/she might deem relevant.
Prepare management information on request
Ensure that all financial reporting obligations are met in relation to legislation
Facilitate internal and external audits
Report any suspicious or unlawful transaction or the non-compliance with company policies and procedures to the Group CFO
Must ensure that the company comply with the statutory reporting requirements in terms of the Companies Act to include attending to the annual statutory audit.
Submit and pay all statutory returns in terms of Income tax, PAYE, VAT, DWT and all other taxes/amounts required by legislation.
Prepare an annual consolidated cluster budget and 5 year plan based on the strategy set by management in line with the Group guidelines.

Executive and strategic:

Part of the Executive Committee
Responsible to monitor and report on new projects or entities within the financial services cluster

Technology:

Oversee the processing of all financial transactions on the division’s accounting software.
Adhere to the company’s IT and security policies

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