Job Summary
Purpose of Role:
This is an exciting opportunity to step into a new role to build and grow a dedicated team. Energetic Financial Manager with a BCompt Accounting or similar degree successfully completed his/her Articles to become a CA, boasting 5-10 years of robust accounting experience. Mastery in international financial reporting standards, skilled in entity accounting, taxation, budgeting, and crafting management reports. Consistently meets annual and year-end deadlines—a proven leader in coaching and mentoring teams to achieve peak performance.
QUALIFICATIONS & EXPERIENCE:
- 3-Year Tertiary Qualification: (B Compt Accounting or equivalent).
- Completed Articles to become a Chartered Accountant.
- Intermediate level of proficiency relating to the MS Office Suite (in particular MS Word, MS Excel and MS PowerPoint).
- 5-10 years of accounting experience applying International Financial Reporting Standards.
- 5+ years of financial reporting and analytics experience.
- Supervisory experience.
- Advanced level of accounting principles, processes and procedures.
- Extensive report writing experience.
KEY DUTIES AND RESPONSIBILITIES:
Entity Accounting: Manage accounting processes to ensure compliance with IFRS for timely, accurate, and reliable financial information.
- Oversee ordering and creditor payments, ensuring proper authorization and accounting.
- Manage the asset register and capital expenditure.
- Prepare and review monthly reconciliations, clearing any reconciling items.
- Oversee general journal processes, including accruals, provisions, and corrections, and authorize transactions per Delegation of Authority.
- Ensure accounting processes provide timely, accurate, and reliable financial information.
- Ensure adequate provision for irrecoverable debt on loans, applying IRFS principles.
- Ensure compliance with the delegation of authority for transactions.
- Approve write-offs as per Delegation of Authority.
- Release payments and approve transactions per bank mandates and delegation of authority.
- Identify and address key risk areas in accounting systems and processes.
- Manage software implementation, upgrades, enhancements, and related testing.
- Control daily cash flow and manage investments with the Investment Administration Department.
- Ensure all required systems and documents for the bank, auditors, and actuary are in place and approved.
Budgeting: Under the approved guidelines:
- Manage the budget process for the entity.
- As a business partner guide managers/ executives through the process.
- Evaluate the budget items based on the assumptions and work with management that budgets are aligned to assumptions and principles.
- Collate the forecast and budget (opex and capex) for the entity together with commentary for Exco and the Board.
- Responsible that the approved budget is captured accurately (with phasing) in the accounting system
Management Reporting:
- Prepare monthly divisional and entity-level income statements, balance sheets, and financial reports by the deadline.
- Draft responsibility statements for managers.
- Analyze financial results versus budget, provide monthly feedback, and recommendations, and report exceptions.
- Ensure accuracy and completeness of monthly management accounts, including provisions and impairments.
- Provide draft reports to the Financial Controller for Exco and Board reports.
Taxation:
- Calculate the entity's income taxes.
- Complete and submit company income tax returns on time.
- Calculate and submit provisional tax payments; ensure timely payments.
- Accurately account for and apply all taxes to transactions.
- Review, approve, and submit VAT returns on time; ensure timely VAT payments.
- Draft replies and handle audits, queries, and communications with SARS.
- Identify and address all tax matters and risks related to the entity.
Annual Reporting & Year End:
- Prepare the entity’s annual financial statements in compliance with IFRS and Group reporting standards.
- Provide consolidation information to the responsible manager.
- Determine the impact of new IFRS statements in advance, approve and implement solutions, and ensure early audit of new disclosures.
- Provide required information and explanations to external auditors on time, fostering a good working relationship.
- Identify and resolve potential and actual issues early, coordinating with Finance senior management.
- Prepare statutory returns for the entity as required by Statssa and NCR.
- Prepare financial data for statutory returns to the Prudential Authority.
- Manage the process for agreed-upon-procedures external audits on any statutory return.
Department Management: In respect of all the departments under the incumbent’s control:
- Build and maintain stakeholder relationships.
- Provide technical direction to the team.
- Mentor and develop direct subordinates, including feedback, coaching, work allocation, training, problem resolution, and performance evaluation.
- Guide cross-divisional teams.
- Manage the department per policies, standards, and legal requirements.
- Monitor and measure departmental performance against metrics.
- Implement performance management with SMART targets.
- Identify, manage, and report operational risks, complying with risk management policies.
- Manage the department's annual capital and operational budget.
Other:
- Represent Finance on management committees and projects as allocated/requested.
- Ensure that personal information is safeguarded in the department and that POPI requirements are met.
- Provide sound financial advice to the management of the entity.