Adhere to financial governance principles
- Support the financial and management accounting functions and all related accounting systems to realise the delivery of the business financial objectives in accordance with statutory, regulatory, taxation and governance frameworks to achieve quality financial reporting, optimal working capital, business controls and sustainable profitable growth.
Control the regional end-to-end financial function
- Enhance value creation by challenging and assisting business unit heads with insightful analysis as well as co-ordinated financial planning.
- Improve the understanding of business performance through the effective delivery of the finance strategy encompassing the various financial fields.
- Evaluate business processes, anticipate requirements, uncover areas for improvement, develop and implement solutions in conjunction with regional teams.
- Monitor and analyse productivity schemes using available tools to provide business advice to managers on corrective operational actions to implement.
- Support loss forums regionally that tracks, analyses, and monitors key risk activities that result in operational and financial losses as well as the mitigation of the incidents.
- Manage and measure assets and their utilisation effectiveness inclusive the acquisition, maintenance and decommissioning within the region.
- Manage revenue assurance in conjunction with stakeholders for verification of various processes to avoid revenue leakage or loss of revenue supporting where discrepancies arise including monthly billing reconciliations.
- Through collective engagements with the commercial and legal teams, verify that the commercial standing of the relevant contracts is consistently implemented within the financial landscape.
- Provide support to the relevant teams around the acquisition of new business by conducting due diligence and profitability exercises.
- Enable and support management to effectively execute decisions, through the provision of data insight and trends, leveraging off current and new tools to enhance decision making.
- Monitor and evaluate the relevant interventions keeping the feedback loop constant whilst reporting and taking necessary corrective action.
Provide business support for effective decision making
- Responsible for analysis of financial trends and benchmarking through supplying timeous and complete MIS where necessary and forwarding to relevant party for management decision making.
- Support business by providing accurate financial information, models & insights through on-going, cross-functional engagement enabling informed financial & investment decisions.
- Provide financial leadership to the GM’s delivering analysis and insight on business opportunities.
- Act as an interface between finance and operations through the actioning, translation, and communication of key business objectives.
- Present a dynamic understanding and interpretation of the performance of the designated business area to inform and influence key operational and strategic decisions.
- Demonstrate commercial value add and understanding by supporting the needs borne out of the operational and commercial environments.
- Collaborate, engage, and support the commercial, operations, central finance, facilities, procurement, and costing teams to achieve the relevant objectives of each area.
- Undertake and research input and output quality and accuracy of all the Regions financial reports and recommend methods and procedures to streamline, automate and self-audit.
- Identify under/overruns, propose, and implement corrective actions.
- Provide benefit realisation reports based on the successful implementation of new processes or action plans for one’s region and per centre.
- Prepare monthly Manco Pack for presentation to Regional Manco and submission to Finance Office.
Provide support for effective short- and long-term planning through the budgeting, forecasting and business planning:
o Budgeting:
- Compile and manage the budget output for relevance, reasonability, and support of the organisational strategic plans.
- Develop and manage the Opex and Capex budget for one’s region and monitor the implementation of cost saving initiatives to maintain the budget delivery.
- Review comprehensive instructions and detailed timetable in respect of the budget process for understanding of the process and deadlines to be met.
- Assess reasonableness of budget input received from centres and internal customers.
- Assess market movement trends in respect of volume growth, inflation, interest rates, staff costs etc.
- Present consolidated Region’s budget to Regional Manco and Head Operational Finance for approval.
o Forecasting:
- Prepare forecasts and update monthly/ quarterly to align to trends, strategic initiatives, or relevant business changes.
- Prepare, present, and advise centre management of individual centre and regional performance against forecasts, actioning any concerns raised and tracking variances.
- Responsible for volume forecasting to assess seasonal staffing and efficiency requirements from managing daily backlog limits to confirming minimal overtime expensed, etc.
o Business planning:
- Prepare the detailed business case or business plan and provide recommendations to the Regional General Manager and Head Operational Finance.
- Assess requests for significant capital investment into centre upgrades and footprint expansion by determining the potential benefits that will accrue to the company and provide this information to the project team responsible.
- Upon acceptance of the business case internally, prepare the final report for presentation to management for approval.
- Upon approval, monitor the capex spend against the project budget and confirm that the asset allocation via the capex spend is accurate.
- Verify that business case impacts are incorporated into the annual budget.
- Perform a detailed financial post implementation review of each business case for SBV management.
Strategically partner with the various stakeholders to deliver upon departmental objectives
- Effectively communicating insights and plans to cross-functional team members and management working closely with various areas of the business and serving as a liaison between stakeholders to perform analysis at a Tactical level and understand principles of business.
- Lead the financial components to provide holistic business insights.
- Provide support to operations and relevant support areas including Customer, Quality, Operational optimisation, and Operational excellence (including PMC, Loss Prevention, Assets, Firearm and Regulatory, Fleet as well as Balancing and Recon).
- Provide support to the finance and relevant support areas including Costing, Procurement, Facilities, statutory finance, central finance, and commercial team as required.
- Responsible for the modelling of the financial impact of pilot projects and innovations within the Operational and Finance Business Unit, to include achievable benefits, potential savings, and affordability by providing accurate financial data and input.
- Monitor productivity targets and make recommendations that will result in delivering accurate results and improve productivity and profitability.
- Develop and track KPI’s to drive the achievement of regional targets.
- Assist in the application of corrective measures based on the Internal audit findings.
- Provide counsel to the GM and centre management on all business-related matters.
Provide Procurement Support
- Assist the procurement department in identifying areas of potential savings and drive the achievement of the savings within the region.
- Support the implementation of national pricing to achieve pricing discounts Supplier Relationship management support at centre level including overseeing Fraxion discipline of supplier payments, Forecasting & budgeting in line with RFx pipeline & business cases, peak consumable demand, managing wasteful expenditure, billing verification.
- Assist the procurement team with supplier site visits & local supplier sourcing.
Drive the organisation culture within one’s centre
- Drive the department’s values while inspiring confidence and generating excitement, enthusiasm, and commitment towards the mission.
- Serve as a leader of the culture program driving the desired behaviours and encouraging employee engagement.
- Create and implement strategies in collaboration with Change Management & HR to evaluate and maintain employee satisfaction.
- Drive Transformation and BBB-EE initiatives to ensure sustainable alignment to the company scorecard.
Provide leadership to employees within the organisation, creating a winning culture and high morale
- Act as a change management architect in periods of change to ensure continuity to operations.
- Effectively communicate and embed new processes and procedures as they occur addressing or escalating matters / concerns to the SME’s (subject matter experts) when required.
- Facilitate the necessary presentations, workshops, or forums to ensure consistent and accurate communication is given across one’s centre/s.
Work Experience and Qualification Requirements
- 6 Years’ experience in a commercial or finance role preferably with Financial or Management accounting fields of which; 2 years at a Middle Management level.
- 2 Years’ experience in compiling and conducting presentations to Senior Managers.
- BCom Degree in Financial Management, Accounting or equivalent.
- CIMA or studying towards is required.
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