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Finance Manager

Remuneration:R900000 per year negotiable TCTC 
Location:Johannesburg, North
Education level:Degree
Job level:Senior
Travel requirement:Occasional
Type:Permanent
Reference:#REF70105
Company:ASC Group


Job description

The Financial Manager role within the company's department is defined by the following pillars: financial reporting and control, financial management, business intelligence, finance and business strategy, and governance ensuring financial compliance to the Group's standards. The role, which will report directly to the Emerging Markets CFO, entails having solid experience in the above competencies coupled with an understanding of the Emerging Markets operating environment.
The financial manager will be responsible for delivery of all financial reporting requirements, ensuring effective financial controls are in place and successfully manage the emerging markets finance team. Analysis of business performance and market trends, tracking to initiatives, strategic planning, identification and implementation of remedial actions are further key factors for the successful fulfillment of this position.

Financial reporting and management
  • Oversight of finance functions across all company's Emerging Markets and Head Office (SA) which includes responsibility for financial accuracy and financial control across countries. 
  • Ensure robust financial reporting including the review of journals and Statement of Financial Position reconciliations etc.
  • Periodic reviews of country Statements of Financial Position and interrogation of significant movements, significant balances and disbursements.
  • Design and implement financial/business controls and test operating effectiveness.
  • Ensure adherence to month-end process deadlines to comply with Group's reporting requirements.
  • Preparation and review of Group's Emerging Markets consolidated and standalone financial statements.
  • Review of country financial statements and management accounts.
  • Responsible for preparation and review of dashboards (flash/weekly/monthly) and reporting on key performance drivers, trend analysis, business wins and losses as well as recommending remedial actions.
  • Prepare and review management accounts with variances (analysis and commentary) on a monthly basis within the time frames stipulated - providing relevant insight into the financial results and trends. 
  • Provide quality management reporting relating to business performance across Group's Emerging Markets, trend analysis etc. and decide and implement appropriate remedial actions where necessary.
  • Ensure timeous delivery of all financial quarterly reports, Board packs and ad-hoc financial report submissions.
  • Ensure execution of all ad-hoc financial projects as and when required. 
  • Support regional teams in achieving stated finance objectives.
  • Review of country Board submissions.
Budgeting and Forecasting
  • Responsible for leading the budgeting and forecast process and preparing the final consolidated budgets for Group's Emerging Markets. This includes driving initiatives to meet the required deadlines, challenging country submissions to drive a robust planning process, consolidating the final budget report and preparing the Group's Emerging Markets budget presentation. 
  • Providing analysis of revenue and expense trends, compilation of various business assumptions and ensuring the accurate computation of budget and forecast numbers for Emerging Markets into the reporting system (EPM).
  • Interrogate the budgeting process and implement improvements where necessary.
Working capital & Capital management
  • Monitor key liquidity and capital metrics.
  • Preparation of Group's Emerging Markets cash flow forecasts and application for funding if required.
  • Monitor long outstanding receivables and follow through on recovery with country concerned. 
  • Manage the register of fixed assets for Emerging Markets.
Business analysis, intelligence and reporting
  • Support the business with the relevant insight, analysis and management information required to assist in decision making processes and support the management of the business.
  • Perform client and product profitability analysis which include client profitability tracking against agreed plans.
  • Assist with the compilation of Board papers, Quarterly Business Review presentations and SENS/Market reports.
  • Structure the chart of accounts to enable bespoke reporting, e.g.: profitability by product and client.
Strategic support
  • Obtain a close understating of the external and internal environment of Group's Emerging Markets countries.
  • Assist with business strategy formulation and monitoring.
  • Perform feasibility studies.
  • Assist with the M&A process (forecasts, due diligence, valuations, deal structuring, legal, tax, preparation of investment proposals and accounting for business combinations).
  • Strategic analysis of alternate business lines and streams.
  • Tracking and reporting on the progress on strategic initiatives (financial and non-financial indicators). 
Assurance Support (compliance, risk, internal audit, company secretarial and legal)
  • Primary liaison between Group's Emerging Markets and internal and external audits.
  • Work closely with the risk team to identify, mitigate and measure both financial and non-financial risks across markets.
  • Work closely with company secretary to ensure that due governance is followed regarding acquisitions, Board meetings and corporate actions.
  • Work closely with compliance to address compliance related issues across markets.
  • Jointly liaise with regulators in markets concerning either internal or market challenges as well as new legislation, licence applications and renewals.
  • Maintain repository of all business contracts.
  • Support Emerging Markets in the financial reporting for Risco and other group committees.
System management
  • Responsible for project managing system implementations (e.g. Smart Stream) and representing Group's Emerging Markets on the Group wide ERP implementation
  • Structure the chart of accounts to enable bespoke reporting, e.g.: profitability by product and client


Requirements

  • Qualified CA (SA)
  • Track record of solid performance 
  • Minimum 4 - 6 years post articles experience, ideally diverse experience including group reporting, financial analysis with strategy and risk involvement 
  • Experience in managing and leading people
  • Experience in the financial services sector with solid understanding of financial concepts and markets
  • Emerging markets (Africa) experience will be advantageous
Role Skill Requirements
  • Appropriate IT systems experience (including Reporting systems)
  • Good working knowledge of Microsoft packages and advanced excel skills
  • Sound ability to communicate effectively across all levels
  • Good report writing skills
  • Strong skills on presenting financial performance
  • Commercial acumen and understanding of business functions
  • Strategic thinking
  • Strong analytical skills and ability to interpret data
  • Ability to manage in a dynamic and ambiguous environment
  • Emotional intelligence and ability to work under pressure
  • Attention to detail
  • Ability to lead, develop and mentor staff reporting into this role
  • Uncompromising commitment to quality and client service


Posted on 12 Sep 12:21

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