Purpose of Role
To manage and oversee the allocated portfolios financial activities by compiling and reviewing all relevant financial records to drive compliance with all accounting principles and regulations. To manage, allocate, post and reconcile all accounts payable and receivable by producing and reviewing all respective reports and ensuring error-free accounting practices are implemented in the respective allocation of portfolios.
Role Context
Financial Management
- Analyse all relevant Departmental data and report on trends and operating requirements to determine funding requirements for the financial year.
- Prepare and review financial statements by consolidating and compiling balance sheets, income statements, and cashflow statements to drive accurate reporting and compliance with all regulations, policies, and standards.
- Oversee the month-end close process by finalising and consolidating journal entries, reconciliations, and compiling variance analysis to ensure all financial activities are accounted for and posted for the respective department.
- Monitor short-term Departmental budgets by scrutinising and aligning spend within the Departments, to support and drive effective and efficient functioning within budgetary constraints.
- Monitor Departmental expenditure against budget allocations, requesting appropriate reallocation as required, to manage the prevention of unnecessary spend.
- Comply with all financial, Supply Chain Management (SCM) and other Tharisa Minerals regulations and policies by facilitating the right actions, to reduce financial risk in the Department.
- Consolidate and analyse financial data from multiple sources by preparing financial management reports (monthly, quarterly, and annual) to provide meaningful insights and recommendations to the various departments.
- Analyse costs and cost drivers by scrutinising the various financial monitors to identify opportunities for cost savings and process improvements.
- Monitor key financial indicators and metrics to assess the company's financial health and performance and notify management of any risks or deviations to mitigate unnecessary financial risks.
- Identify and communicate financial risks by monitoring internal financial parameters and the external market for opportunities to senior management.
- Identify opportunities to streamline financial processes and enhance efficiency by scrutinising the current financial processes and tools ensuring that they are optimised and recommend changes to policies and procedures where required.
- Coordinate internal financial audits and liaise with external auditors to ensure seamless and transparent sharing of information to ensure the risk of audit findings is alleviated.
Operational Management
- Provide input to strategic plans of the department by compiling comprehensive operational plans and converting the Department into an enabler of the overall business strategy of the organisation.
- Keep abreast of changes in relevant guidelines and other legislation, to make recommendations where policies, processes and/or procedures require amendment.
- Develop, enhance, and implement policies, processes and Operational procedures that are within the respective Department aimed at the enhancement of service delivery and overall productivity within the Department.
- Drive effective communication across the various departments outside of the current department to ensure cross functional and cross department collaboration takes place.
- Provide financial project management support by compiling financial cost estimates and monitoring throughout the lifespan of the project to ensure budgets are adhered.
People Management
- Create and maintain a conducive work environment by appropriately applying Human Resources policies and procedures to ensure optimum performance is realised for the benefit of the Department and, by extension, the organisation.
- Lead the team according to Tharisa Minerals’ leadership principles and values throughout the entire employee life cycle (performance management, reward etc) to ensure, inter alia, a high-performance culture.
Stakeholder Relations
- Build and maintain relationships with internal and external stakeholders to ensure information, advice or opinions on relevant matters is made available and/or communicated with all relevant stakeholders, to manage expectations and timelines.
- Utilise opportunities presented to enhance the relationship between management, unions, and employees, and implement processes to maximise a collaborative working relationship.
- Engage with external system providers to solve system queries to correct financial reporting costs.
Qualifications :
- Bachelor’s Degree (NQF7) or equivalent in Finance/Accounting/Economics
Job specific experience:
- Minimum of between 5-8 years relevant experience in the accounting field, preferably in the mining industry
- Knowledge of statutory accounting principles.
- Significant experience in Enterprise Resource Planning (ERP) systems.
- Experience/Exposure on MS Dynamics F&O, Reporting tools: MS Power BI
Inherent requirements
Must be medically fit.
Closing date: 24 November 2024
Note: Preference will be given to African, Coloured and Indian Female candidates.
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