Financial Manager

Job Title

Financial Manager

Department

Finance

Functional Area / Team

Finance

Direct Reports

2

Mobility / Travel

NA

After Hours Support / Standby

NA

Qualifications

CA(SA) preferable

CIMA

Experience

3 years’ experience as a Financial Manager of a finance team (Manufacturing or Retail sector preferred)

Experience in import and exports would be advantageous

Experience working in or with any sub-Saharan African countries would be advantageous

Knowledge

Advanced MS Excel Skills

Ability to utilise MS Office suite / Google suite

IFRS for SMEs

ERP systems

Companies Act and Tax regulation for South Africa as a minimum

To effectively manage the internal (business) and external (statutory) financial information and reporting processes to support the CFO in overseeing efficiency and effectiveness of the group reporting function by providing accurate, timeous and relevant financial information to facilitate decision-making. To manage payment cycles to optimise cashflow.

1.      Financial Navigator: Guiding the company through complex financial landscapes with precise reporting, budgeting, and regulatory compliance.

2.      Strategic Maestro: Orchestrating financial insights and analysis to support the strategy.

3.      Team Captain: Lead and inspire the finance team to achieve their best performance and fostering a harmonious work environment.

4.      Guardian of Integrity: Design and implement robust internal controls to protect the company’s financial integrity.

5.      Cash Flow Conductor: Masterfully manage and forecast cash flow to ensure smooth and steady financial operations.

6.      Compliance Guru: Ensure the company stays in tune with all statutory requirements, including tax regulations and the Companies Act.

7.      Project Dynamo: Bring financial expertise to technology development projects, driving them to successful and timely completions.

8.      Change Champion: Lead continuous improvement efforts to keep the finance control environment dynamic and responsive to the ever-changing business landscape.

Key Performance Indicators

Outcomes

Financial Operations Management

Internal Controls:

§  Design, implementation and monitoring of internal controls.

§  Identify opportunities for cost savings and efficiency improvements.

§  Identify and implement continuous improvements within the finance control environment.

§  Align controls and processes for growth within changing environment.

§  Review of Payroll data.

Daily Financial Operations:

§  Manage day to day financial operations

§  Ensure accurate and timely preparation of financial statements in compliance with accounting standards and regulatory requirements.

§  Manage cashflow forecasting and monitoring

§  Review and authorise local and global payments.

§  Manage the fixed asset process from initiation to reporting, including capex processes and management of the fixed asset register.

Financial Reporting:

§  Review monthly, interim and year end internal and external reporting.

§  Manage the statutory financial reporting process, including liaising with the auditors and management of the signing process.

§  Ensure compliance with relevant statutory requirements, including the Companies Act and relevant tax regulations.

Budgeting and Analysis:

§  Manage the annual budgeting process from inception to completion.

§  Monitor expenditures and revenues and ensure that financial targets are met.

§  Provide financial analysis and insights to support decision making.

§ Ensure financial statements are 100% accurate and comply with accounting standards and regulatory requirements.

§ Complete monthly, interim, and year-end reports within specified deadlines.

§ Maintain optimal cash flow levels with no shortfalls impacting operations.

§ Complete monthly, interim, and year-end reports within specified deadlines.

§ Identify and implement at process improvements annually to enhance financial control and reporting efficiency.

People Development and Management

Team Leadership:

§  Supervise accounting, budget and reporting functions.

§  Ensure the effective delivery of team objectives by managing and leading the team.

§  Evaluate performance and productivity.

§  Implement and manage all People Support policies and practices consistently.

Individual Development:

§  Direct and develop direct reports by providing coaching and mentorship for future development.

§  Ensure all staff are empowered through skills development.

§ Maintain high levels of employee engagement with regular performance reviews and feedback sessions.

Strategic Contributions

§  Collaborate with other departments to align financial goals with business objectives.

§  Provide financial insights and support for strategic projects and initiatives.

§  Assume the role of approver for technology development projects as financial expert.

§  Assist in delivering long term objectives and goals.

§  Demonstrate and embed the groups vision, values and culture.

§ Successfully integrate financial expertise into technology development projects, meeting project timelines and budget constraints.

Level 3 – Leader of Managers (or Leaders):

§ Manage boundaries – be assertive; say no

§ Performance management – evaluate and assess individual- and team performance; make sound people management decisions to build an effective team

§ Give and receive feedback – drive B4 conversational excellence; give and receive feedback to facilitate growth, improvement and/or resolve any conflict or disputes

§ Self-awareness – develop an understanding of personal power (strengths, development areas, preferences etc.), remain sensitive to the use and abuse thereof

§ Maintain discipline – be firm, fair, or tough, when necessary, without fear or favour

§ Courage – challenge the status quo, break down silos or barriers to performance

§ Resilience – respond positively to challenges; adapt to stressors and recover quickly after experiencing setbacks/resistance/failures

§ Relationship skills – build strong relationships to drive results and foster collaboration

§ Coach and mentor others – hold people accountable; develop the team and individuals by providing appropriate support, exposure, and training for growth

§ Scanning – search for new ideas, industry trends, principles; stay curious

§ Proactive/Take initiative – maintain and continuously improve processes to maximise productivity and positively impact results

§ Decision-making ­– make good decisions under pressure, think on your feet, prioritise, and allocate resources incl. technology, time, support staff, or budget effectively; identify and eliminate wastage (incl. processes, teams), and where to apply/ redeploy additional resources

§ Communication Skills – convey complex ideas clearly and succinctly to various internal / external stakeholders, incl. team members, superiors, and external parties

Job Specific Skills:

§  Ability to employ problem solving skills and analysis

§  Excellent written and verbal communications skills required

§  Extremely detailed-oriented, ability to provide solutions.

§  Team player with highly developed interpersonal skills, who can engage with people at all levels.

§  Proactive and results driven to meet tight reporting deadlines.

§  Excellent leadership and team management abilities.

Examining Information

Analyses and processes information; asks probing questions; strives to find solutions to problems.

Interpreting Data

Interprets data rationally by quantifying issues; applies technology as a means to evaluating data; evaluates information objectively.

Making Decisions

Is determined and decides on actions; willingly assumes responsibility; is definitive and stands by own decisions.

Meeting Timescales

Is target focused and meets deadlines; is punctual and keeps to schedule; is reliable in finishing tasks.

Following Procedures

Conforms and adheres to rules; closely follows instructions and procedures; minimises risks by sticking to processes.

Team Working

Works participatively with others; is democratic and encourages team contributions; collaboratively involves others in decision-making.

Upholding Standards

Behaves ethically and justly; is discreet and maintains confidentiality; meets commitments by acting with integrity.

Developing Strategies

Is focused on developing strategies; thinks in the longer term and anticipates trends; envisages the future and adopts a visionary approach.

Providing Insights

Is focused on continuously improving things; provides insights by identifying key issues; makes intuitive judgments.

Checking Things

Is meticulous in finding errors; ensures accuracy by being thorough and checking details; produces high quality work by being detailed.

Documenting Facts

Writes fluently when documenting facts; understands arguments logically; focuses on finding facts.

Developing Expertise

Is open to taking up learning opportunities; is quick in acquiring knowledge and skills; develops expertise by updating specialist knowledge.

Valuing Individuals

Shows consideration towards others; tolerates the differences in people; values and trusts people.

Managing Tasks

Manages tasks by being organised and methodical; plans activities systematically; sets priorities for tasks.

Challenging Ideas

Prepared to disagree and question assumptions; challenges ideas and established views; comfortable arguing own perspective.

Taking Action

Takes action to make things happen; uses initiative to start things up; shows drive and invests personal energy.

Producing Output

Is focused on activity and works quickly; keeps busy and maintains productivity; is comfortable multi- tasking to produce output.

Empowering Individuals

Motivates individuals by empowering them; seeks to inspire people and groups; gives encouragement to others.

Pursuing Goals

Strives to achieve outstanding results; is ambitious and acts with determination; persists through difficulties to achieve results.

Adopting Practical Approaches

Applies practical skills when investigating issues; prefers to learn by doing; is practically minded and applies common sense.