Responsible for the financial activities of Lucy Electric South Africa.
Job Context
This is the lead Financial role within the LESA and will manage a local Finance Team.
Lucy Electric is a leader in secondary power distribution solutions with over 100 years' industry experience. Specialising in high-performance medium voltage switchgear for utility, industrial and commercial applications, we enable the safe and reliable distribution of energy to homes and businesses worldwide.
The role will report into Group Finance Director with day to day reporting to General Manager LESA.
Job Dimensions
To undertake business travel abroad or within Southern Africa as and when required.
Key Accountabilities
These will include:
1. Financial Reporting
Analyse and review monthly results.
Perform variance analysis against current and prior year monthly results.
Provide support and strategic input to management.
Identify trends in financial performance and provide recommendations for improvement
Prepare monthly management reports
2. Financial Control
Responsibility for Financial Control and record keeping
Development of financial control systems and procedures
Responsibility for all areas of the year-end audit
Manage relationship with local auditors
Ensure integrity of inventory
3. Financial Planning
Preparation of quarterly profit, balance sheet and cash flow forecast
Preparation of annual budget and co-ordination of management plan
Provide an input into Lucy Electric's medium-term strategic plan
Responsibility for funding and cash flow management
Analyse and review forecast and budget results
Perform variance analysis against budget (forecast) and prior year results
4. Treasury
Responsibility for foreign currency conversion (working with Group Treasury department)
Responsibility for customer credit limits and cash collections
Manage local banking relationships
5. Tax
Compliance with local tax regulations
Responsibility for both direct and in-direct taxes
Manage the relationship with local tax specialist
Liaison with Group Tax department
6. Business Partnering
Provide financial information and advice to support decision making by the CEO and local management
Develop financial and operating management information
Support for sales tendering and perform financial reviews of key tender and contract terms and conditions
Supporting business initiatives (e.g. outsourcing, cost control and reduction)
Fixed asset investment appraisal
Network with local management to improve information for decision making
Provide financial models
Support external relationships with key stakeholders
7. Development of Business Systems
Represent Finance in the development of Microsoft D365
Support the development of best practice and performance metrics
8. Management of Finance department
Day to day staff management
Performance appraisals
Employee development
9. Other duties
Undertake any other duties and responsibilities as required/instructed in order to maintain and/or improve the efficiency, quality and service provided.
Qualifications, Experience & Skills
Essential Qualification:
CA (SA)
Education to degree level or equivalent
Essential Experience:
5 years' accounting experience within a commercial and manufacturing business.
Strategic thinking
Strong communication skills with the ability to communicate financial data to non-financial employees
Able to produce management reports with the ability to present the results in meetings
Extensive experience in analysing data for decision making purposes and able to communicate the findings for all levels
Ability to prioritise workload effectively
Ability to document business procedures
Strong working knowledge of Excel and financial modelling
Excellent analytical, decision-making, and problem-solving skills
Attention to accuracy and detail required
Great presentation skills.
Ability to influence and persuade
Excellent verbal and written English language skills
Full driving licence
Desirable:
Knowledge of the electrical supply industry
Knowledge and use of Microsoft D365
Sound IFRS knowledge.
Behavioural Competencies
Inspires
Leader able to influence others at all levels of the organisation
Leads by example and inspires our people to do the right thing
Articulates a clear vision for the future
Empowers and trusts our people to come up with the right solutions
Collaborates
Cooperates and works across the organisation to deliver the business results
Encourages challenge to foster new ideas and ways of doing things
Gets things done and makes it easy for others to do the same
Builds authentic, effective working relationships
Integrity
Values our culture and actively encourages sharing different points of view
Is true to themselves and their own values, beliefs and convictions - takes time to grow continuously
Has a positive can-do attitude
Transparency
Communicates with clarity
Openly encourages debate to achieve the best outcomes
Open to giving and receiving feedback; identifies, coaches and develops future talent
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