Financial Manager (X2

The Financial Manager is responsible for preparing financial statements and reports in line with IFRS and the financial controls within the DBSA. The role conducts in-depth analysis of financial information to guide the Bank’s strategic decision making.

• Conduct financial modelling, scenario planning and forecasting of the balance sheet and cash flow statement.
• Monitor the financial position of the DBSA by analysing the current and future accounting standards, accounting policies, procedures to assess financial effectiveness, business impact, and relevance to the DBSA.
• Comply with financial, tax, VAT, and regulatory requirements, including Public Finance Management Act (PFMA), International Financial Reporting Standards (IFRS), ESG requirements, South African Reserve bank (SARB), Johannesburg Stock Exchange (JSE), King V, Broad-Based Black Economic Empowerment (B-BBEE).
• Provide technical expertise and guidance for the DBSA's financial accounting function through the implementation of systems, policies and procedures.
• Evaluate and implement new tools to improve processing of financial information, and monthly and yearly reporting.
• Develop and maintain financial dashboards and financial models to support business planning and scenario analysis.
• Maintain strategic relationships with key stakeholders such as the National Treasury.
• Support the Head in executing DBSA’s financial strategy and vision over the medium-term planning horizon.

• Prepare timely and accurate monthly, quarterly, half-yearly, and annual financial statements in accordance with IFRS, sections of the Companies Act and PFMA for internal and external stakeholders
• Preparing the National Treasury AFS template yearly for consolidation purposes in accordance with GRAP.
• Maintain the integrity of the trial balance by processing accurate journal entries, performing monthly reconciliations, and preparing a timely monthly accounting file for review.
• Completing the cash flow statement monthly.
• Manage balance sheet and cash flow disclosures, ensuring accuracy and alignment with financial strategy.
• Review all policies and procedures yearly, including evaluating the effectiveness and strength of financial controls.
• Provide proactive forecasting and scenario planning for corporate balance sheet and cash flow management.
• Interpret and analyse key financial information, current performance, forecasts, and ratios to support financial decision-making in collaboration with the management accounting team.
• Research, formulate, and implement accounting policies and procedures in accordance with IFRS.
• Provide technical opinions on IFRS, accounting, VAT and all tax related matters.
• Provide management, financial information, and analysis as required by management, Business Heads, CFO, CEO, Executive team and Board.
• Review actions against the organisational plan (Balance Score Card) and consider the "big picture" when identifying opportunities.
• Collaborate with business and other finance functions to ensure timely and accurate accounting and reporting.

• Prepare and submit all regulatory returns to the JSE, National Treasury, South African Reserve Bank, National Credit Regulator, and South African Revenue Services as and when required.
• Attend to all income tax and value-added tax matters applicable to the Bank.
• Prepare insightful financial reports and commentary to support programme reviews and executive decision-making.
• Provide adequate support and timely financial information to internal and external auditors during the financial year.
• Complete and submit VAT returns monthly.
• Upload bank statements on SAP and ensure all reconciling items are cleared daily.
• Laise with the organisation’s bank as and when required.
• Review of debtors’ and creditors SAP general ledger accounts.
• Manage and enhance the working capital of the Bank.
• Correct accounting and capitalisation of the Bank’s fixed assets, review of the insurance policies relating to the fixed assets, assisting in the valuation of land and buildings and analysing the fixed assets and related general ledger…