Financial Reporting Manager R 115 000

Labournet • Other • Rosebank, Gauteng, South Africa • $400 - $500 / year • 5h ago

Group Financial Manager

The Group Financial Manager is responsible for planning and directing financial accounting, budgeting, auditing, cash management, and other fiscal operations and functions. This includes directing staff activities in maintaining, analyzing, and reporting financial accounting data, developing appropriate accounting systems, establishing necessary financial controls, approving various expenditures and obligations, planning and coordinating internal and external audits, and ensuring all activities conform to statutory legislation (incl. IFRS, Taxation Regulations, and other applicable legislation) and company policies and procedures.

Duties & Responsibilities

The main duties of the Group Financial Manager will be:

Establish, build, and maintain the financial monthly and annual reporting packs (management accounts)
Reconcile the Management Accounts to the Monthly Ledgers (P&L to month AFS)
Planning and directing financial accounting strategies along with CFO
Establish a migration strategy from Xero to our next accounting system
Establish succession and build successor for role
Support regional CFO in P&L format, design, and account mappings
Identify and solve software strategic direction
Budgeting LabourNet Group (HOF, Regions and Products, Cost of sales, Opex, and Capex)
Assist on audit direction and management assumptions
Cash management and other fiscal operations and functions
Maintaining, analyzing, and reporting financial accounting data
Developing appropriate accounting systems (Xero / Corporate Planning and monthly reporting packs)
Establishing necessary financial controls
Approving various expenditures and obligations within budget (Capex, Opex)
Planning and coordinating internal and external audits
Ensuring all activities conform to statutory legislation (incl. IFRS, Taxation Regulations, CIPC, and other applicable legislation) and company policies and procedures
Capitalization of the Development and platform team costs
Spotlight and DraftWorx reporting for the group
B/S Compliance and bank covenant management
Management account Reviews for the group before the Interim release to CFO and regions
Insurance compliance and the tenders for the company (Handle full insurance renewals and compliance)
Cashflow predictions and analyzing the projections
Nedbank Funding for the group and relationship management
Test of controls for the entire group and ensuring the effectiveness
Ratio analysis for the entire group
Approval of the bad debts write off (IFRS9)
Board Packs for the JV’s and the dividends calculations
LabourNet partner Meeting (Board presentation packs financials)
Processing Mapping for the entire company financial processes and systems
Revenue completeness and revenue growth (Accountable)
Support and oversee the Financial Manager – Operations and Statutory Finance
Strategy and structure of the finance team (Reporting / Culture / Values, etc)
Sign-off all financial policies and procedures with other Financial Manager
AFS for the group and individual companies (Establish internally generated financial statements)
Fixed assets compliance (policies and processes oversee)
Internal customer receive accurate, timeous information, enabling them to make informed financial business decisions
Oversee and Support Financial Accounts with Annual Audits
Oversee compliance Product and IT budgets
Support CFO on revenue budgets and COS budgets with HR
Manage Trial balance sign-off Monthly
Manage FM output and timely reporting
Sign-off quarterly B/Sheet recons
Manage the Management Accounts and present to CFO performance dashboards
Xero system owner and proper account structures (VAT, Classifications, Mapping)

Desired Experience & Qualification

CA(SA) or CIMA Designation is required
Advanced MS Office (Excel, Word, BI, PowerPoint, Outlook)
Valid Driver’s License and own vehicle
5 years + financial system exposure on reporting and ledger management
Extensive Report building experience required (Excel and other BI tools)

Experience required:

5 years in financial reporting experience at data consolidation level
Advanced knowledge IFRS and IFRS SME
Experience managing diverse finance roles (Report Building / Group Management Accounts / Systems Migration)
Advanced budgeting skills (Cost Centre, Regions, Products, Capex, and Cashflow)
Ability to handle mass volume of data (17 regions x 8 products x 13 legal entities time 6 classification fields)
Advanced knowledge of financial reporting packs (Management Accounts and excel / BI tools)
Corporate Financial Planning and analysis (bank relations, cash flow, and ratio management)
Experience in presenting and building financial dashboards
Experience with requirements of a system migration and integrations
Leadership skills managing finance and budgets
Strategic, creative, and analytical thinking
Must be a problem solver (implement, track and roll out changes within finance)
Computer literacy must be advance on Excel and BI tools (non-negotiable) – Will be tested
Financial and accounting skills (Must be first time pass on Board / CTA and excellent academic record)
In-depth Knowledge of the financial operations and processes
Strong financial systems knowledge (Xero or SAGE Intacct)
Exceptional Process writing and control environment setup
Must have a proven record within finance and understanding of strategic finance models