Financial Manager: 6 Month Contract

Our client, a leader in the financial industry, has a 6‑month contract position for a Financial Manager.

Education:

• CA(SA)
• Accreditation

Experience

Required:

• Five years’ post-articles experience
• Keep abreast of accounting principles and standards (IFRS).
• Good working knowledge of all taxes.
• Good understanding of financial soundness and other requirements set by FSCA, and other regulating bodies affecting the cluster with respect to financial aspects.

Duties:

People

• Manage finance subordinates and contribute to a teamwork culture.
• Establish and maintain appropriate finance staff resources to ensure that various job functions are delivered on time, on 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 CFO 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 organization’s strategic objectives in order to support better management reporting, information 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 times.
• Apply sound financial management principles (in line with group policies and procedures) to ensure:

a. the optimum utilisation of the company’s working capital,

c. the safeguarding of company assets,

d. prevention of fraud and theft through the design, implementation and monitoring of internal controls and,

e. 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:

a. analytical review of the financial information,

b. balance sheet reconciliations,

c. income verification checks and

d. 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), to Group and the company, is: timely, accurate, and 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 complies 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.

Payroll

• Oversee and manage the payroll function for the entire Group.

Executive and strategic

• Part of the Executive Committee of the Cluster.
• Responsible for monitoring and reporting 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.