Financial Manager – CA (SA)

The Finance Manager CA SA, will have full P&L responsibility for the business South Africa, delivering the Monthly Management Accounts to the Group Finance Director for review in line with reporting deadlines. A key aspect of the role will be monitoring and analysing the financial performance of individual business streams within KSA. This will require the role to work closely with Operations to drive performance improvement and ensuring that financial results are delivered to plan. In addition, the Finance Manager will play a key role in developing finance processes and refining the current management account production to streamline and improved the financial reporting to the business. There will also be some commercial pricing work and involvement in the bid process to support new business bids.

Operational Execution:

• Prepare and maintain a rolling cashflow forecast (cashflow forecasting & analysis).
• Production of monthly management accounts to balance sheet & cashflow level.
• Prepare quarterly financial forecasting in conjunction with all relevant departments.
• Prepare the annual budget in conjunction with all relevant departments.
• Monitor income and expenses in line with relevant budgets and suggest initiatives to improve profitability by consulting with the Group Finance Director.
• Perform monthly analysis of variable and fixed expenses and provide recommendations to improve profitability.
• Ensure that accounting and internal control best practices are maintained.
• Supporting the budget holders with all key management information including robust management of the risks and opportunities schedules. • Identify system weaknesses and recommendations for improvements identified and implemented.
• Proactively participating in process improvement projects both within the Finance team and the wider business.

Transactional Execution:

• Review the general, debtors and creditors ledgers
• Day to Day management of bank accounts and reconciliations monthly.
• Credit Control management for debtor’s book.
• Ensure correct allocation of revenue and costs between campaigns and cost centers.
• Develop cost center reporting for the business through the Xero Accounting platform.
• Prepare and post all journals to the general ledger.
• Sign off and agree all Intercompany invoices. Collaboration with the UK Finance Team in this regard.
• Review and critical analysis of customer invoicing and VAT returns.
• Control customer onboarding, credit limits and debt collection.
• Effective management of available company cash flow.
• Loading all payments on banking for the release.
• Consult with the company’s bankers including dealing with the SA Reserve Bank for cross-border transactions.
• Monthly review of the fixed asset registers and sign off.
• Ensure all statutory returns are dealt with timeously.
• Coordinate the statutory audit.
• Business insurance management.
• Payment Runs (Weekly) – Load and review the necessary payments for release by the Group Finance Director.
• Prepare the annual GBS (DTI) applications file for review by the Group Finance Director.
• Prepare the quarterly DTI file for review by the Group Finance Director.
• Responsible for assessing BBBEE targets and meeting BBBEE audit requirements.
• Facilitate the financial element of the annual BBBEE audit.
• Preparation and presentation of certificates required for audit.

INTERNAL RELATIONSHIPS • Operations & Support Functions • Group Finance Teams • Leadership Team

MANAGERIAL RESPONSIBILITY • Line Management of Finance Team  

FINANCIAL RESPONSIBILITY • Full end to end accountability for P&L, Balance Sheet and Cashflow.

EXTERNAL RELATIONSHIPS • Bank • Auditors • Insurance Providers • DTI 

JUDGEMENT AND DECISION MAKING • Financial, Commercial and Operational