Group Financial Manager (EE Position)
REF: KK560
Market Related Salary
Durbanville, Western Cape
Our client is looking for a Group Financial Manager who will work closely with the Chief Financial Officer. The successful candidate will be responsible for managing the Group’s comprehensive financial department and supervising the treasury and accounting operations of the Group.
The position is a comprehensive and stimulating management role and you will be an integral partner of the CFO to manage a centralised finance team as well as financial administrators and processes spread across South Africa, Namibia and Botswana.
The successful candidate will apply their strategic acumen, strong analytical and communication skills to inspire the team, whilst also effectively navigating challenges and pursue opportunities.
RESPONSIBILITIES INCLUDE:
Group Financial Planning:
Setting financial strategy and plans relating to financial functions across the Group
Creating and implementing the annual financial calendar deadlines and requirements
Determining requirements to resource the financial department and execute plans
Taking responsibility for IFRS compliance across the Group
Monitoring adherence to plan and achievement of objectives:
Setting objectives and targets with the CFO and other executives
Monitoring adherence to strategy and KPI’s for the financial functions and Financial Managers across the Group
Monthly reporting and measurement of strategic performance
Monitoring adherence to reporting and other financial deadlines
Guiding and preparing consolidated Group-wide budgets (operational and capital)
Compiling Head Office budgets
Coordinating and consolidating budgets
Risk Management:
Complying with JSE listing requirements and adhering to reporting deadlines
Designing, implementing and maintaining policies and procedures to ensure adequate financial control of the business
Conducting investigations and analysis of errors and exceptions
Managing external and internal audit process
Developing and maintaining active controls over accounting system including development and changes across the Group
Staff Management:
Considering business needs and ensuring appropriate finance support
Recruitment and selection of new staff
Mentoring and managing teams
Developing staff
Managing staff retention
Performance measurement and staff appraisals
Managing disciplinary issues, including interactions with other functional leaders
Approving and reviewing leave and resources
Managing absenteeism
Financial Reporting:
Monthly management accounts preparation, variance reports and accuracy reviews
Statutory interim and annual reporting
Preparing reporting packs to Audit Committee and Board of Directors
Reviewing financial information in SENS announcements
Overseeing and controlling other legal entities within the Group Financial Reporting Forecasting
Cash flow forecasts and scenario planning
Exceptions and KPI reporting across the Group
Cost benchmarking exercises and provide insights
Maintaining long-term business plans and financial forecasting models
Treasury Management:
Managing the efficient returns on cash
Overseeing and controlling bank transfers
Engaging with banks and funders to manage cash flow effectively
Controlling signatories and authorities within approved authority framework
Taxation Compliance Management:
Responsible for compliance with tax act and regulations
Reviewing tax calculations and submitting tax returns
Reviewing tax assessments and liaising with SARS regarding tax disputes
Engaging with SARS for queries, audits and correspondence
Reviewing monthly VAT calculations and submissions
Management of the share incentive scheme:
Administering the share incentive scheme, including relevant calculations, administration of awards and vesting transactions
Reporting to the Directors on the company’s Remuneration Committee
Ensuring compliance with share incentive scheme trust deed and policy
General Financial Control:
Responsible for overall reconciliations of all accounts
Making and authorising payments
Other relevant approvals and authorisations within authority framework
Engaging with external providers such as Stats SA
Regular analysis of financial sustainability and growth requirements across the Group
REQUIREMENTS:
CA (SA)
Accounting acumen
Leadership and integrity
Accounting systems and Office suite
Financial analysis: budgeting, forecasting, feasibilities and valuations
Management reporting and presentation
Excellent written and verbal communication (on PowerPoint and Word)
Experience in a JSE-listed company environment – an advantage
Experience on Dynamics NAV and/or Dynamics D365 – an advantage
Experience in TM1 – an advantage
Proven operational experience – an advantage