Job Description

EXECUTIVE: BUSINESS FINANCE - DURBAN Finance / Accounting
Durban - KwaZulu Natal
Our client in Durban is seeking an Executive: Business Finance to join their team
Purpose:
Reporting to the Chief Executive Officer, to provide strategic direction in the management of loan assessments, pre investment support and post investment support in order to ensure that clients are able to effectively establish, manage and grow their businesses.
Duties:
Lead the development and manage the implementation of appropriate policies, business processes and standard operating procedures for the business unit.
Lead the development of short, medium and long operational plans in line with the corporate strategic plan.
Direct the measurement and reporting on the attainment of objectives for the business units strategic operational plans by facilitating meetings with Divisional Heads department.
Manage risks to the Business unit by timeously and systematically identifying risks and developing appropriate risk mitigation strategies.
Lead the implementation of service delivery improvement programmes and business systems enhancement.
Ensure that there is full compliance by the business unit with relevant legislation, policies and guidelines.
Direct and evaluate the processes in terms of loan applications which includes ensuring the collection and verification of information is monitored.
Report on the business units strategic and operational plans at Executive meetings.
Ensure the compilation and management of budgets and loan approval schedules is directed.
Direct and advise on initiatives and activities to support partnerships for the company's clients through non financial support and financial syndication.
Ensuring adherence to standard operating procedures in terms of monitoring.
Advise and monitor the implementation of suitable interventions to support distressed businesses.
Build and create strategic partnerships for the business unit.
Ensure key internal and external stakeholders are identified and relations are appropriately managed.
Enhance the company's Visibility on various platforms.
Lead the development of the Business units budgets in accordance with the company's budget policy and regulations.
Attend relevant project steering committee meetings.
Ensure the budget processes are aligned to strategic planning processes and performance outputs.
Coordinate, control and report on budget inputs and variances during meetings as per stipulated deadlines.
Monitor capital expenditure spend in line with the fiscal budget.
Direct and control the key performance indicators of personnel and processes within the Business unit.
Determine staffing levels and prepare motivations for the filling of vacancies to complement functional objectives and requirements.
Define and adjust the role boundaries, workflow process and job designs against established service delivery requirements and statutory regulations.
Monitor relevant competitor activity and take appropriate action if required.
Qualification:
Post graduate qualification in Finance /Business Management /Commercial Law or an equivalent post graduate qualification.
An MBA will be advantageous
Experience:
8 10 Years experience in a financial institution (banking, developing finance and economic development) of which 5 7 years should be at a senior management level.
Requisite Functional Competencies:
Computer literacy in Ms Office.
Knowledge and experience in financial planning and forecasting.
Knowledge and understanding of Public financial Management Act.
Knowledge of corporate governance principals.
Knowledge of risk management concepts, frameworks and methodology.
Knowledge of credit risk assessments, due diligence and financial modelling.
Knowledge of relevant legislation., e.g. Banks Act, FAIS, FICA, and NCA
Knowledge of financial management and investment packaging.
Knowledge of Fraud prevention.
Knowledge of risk management concepts, frameworks, and methodology.
Sales skills
Market knowledge and application.
Knowledge and application of sales planning principles and processes.
Excellent understanding of business operations and procedures.
Strong research and analytical abilities
Valid Drivers Licence.
If you meet the criteria you are welcome to apply
Kindly consider your application as unsuccessful if you do not hear from us with 14 days
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