Finance Manager

To oversee and be responsible for all aspects of financial management, ensuring compliance with internal policies and procedures as well as manage the day-to-day work of the finance department.

Financial management

• Monitor the day-to-day financial operations within the organisation, such as payroll, invoicing, and other transactions
• Oversee financial department staff
• Contract outside services for tax preparation, auditing, banking, investments, and other financial needs as necessary
• Track the company's financial status and performance to identify areas for potential improvement
• Provide insightful information and expectations to managers as input in decision making
• Manage the preparation of the organisation’s budget
• Establish and maintain financial policies and procedures for the company
• Conduct reviews and evaluations for cost-reduction opportunities.
• Liaise with various other departments, discussing company plans and agreeing on future paths to be taken.
• Improvement of the overall control environment of the finance function
• Effective budgeting for the organisation to ultimately inform the MTEF and ENE processes
• General ledger review and ensure that all recons are completed and signed before management accounts finalization
• Timely and accurate creditor payments
• Keep up to date with IFRS, GRAP and relevant legislation, regulations and instructions to inform policies and procedures within the department
• Effective annual planning and coordination of year-end audit
• Timeous completion of year-end audit within approved timelines and within approved budget
• Secure an unmodified audit report with minimal significant Report to Management findings

Statutory/ regulatory management

• Submission of monthly and quarterly financial reports.
• Ensure compliance with all statutory requirements relating to financial control, financial management and accounting
• Ensure appropriate external audit arrangements are in place and manage the audit process
• Assist in a successful conclusion of an annual audit with an unqualified opinion.
• Compile the respective sections of the organisation’s integrated annual report and ensure submission thereof on time with a satisfactory quality and accuracy
• Understand and adhere to financial regulations and legislation.

Internal processes and general management:

• Finance policies and procedures to be up to date and approved
• Compliance with the organisation's policies and procedures
• Timeous resolution of audit findings by agreed implementation dates
• Operate within departmental cost budgets

Reporting

• Review financial data and prepare monthly and annual reports
• Ensure Monthly Management Accounts to be finalised on time and provides useful strategic information to users
• Ensure that Compliance to PFMA, National Treasury (NT) Regulations and the dtic reporting requirements is adhered to
• Ad hoc reporting to the dtic and the NT
• Ensure timely and accurate preparation of compliant AFS and NT packs

Portfolio Management:

• Ensure timely and accurate investment disbursements
• Ensure timely and accurate collections and debit orders
• Ensure timely and accurate impairments and write-offs
• Manage portfolio analysis that provides strategic input to the business

Cash Management:

• Ensure that there is a weekly and monthly review of bank recons as per the Finance Standard Operating Standards
• Cash management to maximize returns
• Maintain banking relationship

Risk Management

• Seek and implement methods for minimising financial risk to the company
• Stay up to date with technological advances and accounting software to be used for financial purposes

Committees:

• Actively participate in internal committees in order to provide strategic finance input

People Management

• Develop work plans and allocation of work, ensure outputs from team are of an acceptable standard
• Manage staff performance continuously to ensure maximum productivity, projects delivery and high staff morale.
• Provide Mentorship/Training and manage development

Experience / Skills Required

• Minimum 8 years in progressively responsible financial management roles that includes the following:

✓ Staff management

✓ Preparation of monthly reporting to management

✓ Preparation of annual financial statements

✓ Managing both internal and external audit

✓ Thorough understanding of GRAP and IFRS

✓ Understanding of PFMA and NT regulations

✓ Computer literacy – Excel proficiency, knowledge of accounting systems / programmes

• High level of integrity and dependability with a strong sense of urgency and results-orientation.
• Experience in the preparation and finalisation of accounts in accordance with current statutory regulations
• Experience in budget preparation and reporting
• Highly numerate and able to analyse statistical information and interpret financial data to produce reports which can be understood by non-financial colleagues
• IFRS 9 practical experience.

Qualification Requirements

Essential:

• B Com Degree in Finance, Accounting
• Honours Degree

Preferred:

• CA(SA)

Pay: From R1 500 000,00 per year

Work Location: Hybrid remote in Johannesburg, Gauteng