Job Description

Purpose of the Role:

• Optimise the financial reporting of all Group companies and regions.
• Oversee the accounts for all subsidiary companies within the Group and ensure each company adheres to reporting standards and is financially compliant.
• Innovations in this space will be aligned to more timeous and effective reporting and processing with the Finance department.

Minimum Job Requirements:

• CA (SA).
• CIMA Certificate in Business Accounting.
• Minimum 7 yearsxc3xa2xc2x80xc2x99 experience in a similar role.
• IT Systems:

• SAP essential (S4 Hana)
• Microsoft Office
• Finnivo / Roll Up Sheets an advantage.

Key Result Areas:
Reporting to the CFO:

• Financial Reporting Strategy:

• Identify and develop a financial reporting system.
• Develop a standard reporting suite using current ERP systems.
• Improve monthly reporting in terms of quality and delivery.
• Ensure alignment of the business strategy and financial reporting.
• Financial Reporting and Consolidation:

• Prepare monthly management accounts (reporting pack).
• Prepare notes to the financial statements (monthly and annual).
• Review and sign-off balance sheet reconciliations.
• Upload and report results into the Group reporting system.
• Co-ordinate the completion of financial tracking dashboards, as required by the CEO or CFO.
• Prepare the tax monthly provision and annual tax returns for all entities.
• Prepare the annual financial statements.
• Working Capital Management:

• Manage working capital components.
• Implement strategies to improve working capital efficiency.
• Shared Services:

• Design and set up a Shared Services model and environment.
• Manage and support team.
• Review and release payments in line with the cash flow forecast.
• Distribute a weekly creditor and debtorxc3xa2xc2x80xc2x99s status report.
• Identify the process partners and ensure an effective Procure to Pay process.
• Drive the cash collection and manage the bad debt provision.
• Manage working capital days to achieve targets.
• Payroll Management:

• Review monthly salary, weekly wage and payroll related payments.
• Reconcile and process the wage and bonus provision monthly.
• Approve the payroll reconciliations and provide support.
• Manage all engagements with payroll service providers.
• Ensure tax compliance and manage recoveries.
• Financial Forecasting:

• Prepare and communicate the budget guidelines.
• Co-ordinate the budget preparation.
• Consolidate and review the budget.
• Upload the budget into the ERP system and Group reporting system.
• Ensure the manufacturing recovery rates are updated for the budget year.
• Prepare a revised forecast monthly/quarterly for the income statement, balance sheet and cash flow.
• Audit and Risk Management:

• Manage the risk management process across all entities.
• Manage the internal and external financial year-end audits.
• Group engagement to complete annual financial statements.
• Maintain the Limits of Authority.
• Manage corporate insurance for all entities.
• Cash Management:

• Monitor daily cash balances and cash flow projects.
• Implement cash management strategies.
• Banking Relationships:

• Negotiate terms and conditions of banking services.
• Manage relationships with banks and financial institutions.
• Tax compliance.

Key Skills/Competencies:

• Strong written and verbal communication skills.
• Excellent time management skills.
• Ability to balance multiple deadlines.
• Sound understanding and commitment to excellent financial controls.
• Ability to influence others to provide information and to make things happen.
• Professional approach.
• Commitment to customer service.
• Commitment to project goals.
• Strong business acumen.
• High level of integrity and confidentiality.
• Able to work under pressure.
• Accountability.
• Analytical thinking.
• Decision-making.
• Initiative.

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