About the job Finance Manager
Key purpose:
The Finance Manager will have full P&L responsibility for the company, delivering the Monthly Management Accounts to the Head of Finance for review in line with reporting deadlines. A key aspect of the role will be monitoring and analysing the financial performance of individual business streams within the Group.
This will require the role to work closely with Operations to support the Head of Finance in driving performance improvement and ensuring that financial results are delivered to plan. In addition, the Finance Manager will play a key role in developing finance processes and refining the current management account production to streamline and improve the financial reporting to the business.
There will also be some commercial pricing work and involvement in the bid process to support new business bids.
Duties and responsibilities:
- Prepare and maintain a rolling cashflow forecast (cashflow forecasting & analysis).
- Production of monthly management accounts to balance sheet & cashflow level.
- Assist with the quarterly financial forecasting in conjunction with all relevant departments.
- Assist with the annual budget in conjunction with all relevant departments.
- Monitor income and expenses in line with relevant budgets and suggest initiatives to improve profitability by consulting with the Head of Finance.
- Perform monthly analysis of variable and fixed expenses and provide recommendations to the Head of Finance to improve profitability.
- Ensure that accounting and internal control best practices are maintained.
- Supporting the budget holders with all key management information including robust management of the risks and opportunities schedules.
- Identify system weaknesses and recommendations for improvements identified and implemented.
- Proactively participating in process improvement projects both within the Finance team and the wider business.
- Review the general ledger, creditors, and bank reconciliations monthly.
- Perform the debtors function. POs in collaboration with the UK business partner etc.
- Ensure correct allocation of revenue and costs between campaigns and cost centers.
- Develop cost center reporting for the business through the Xero Accounting platform.
- Prepare and post all profit share journals to the general ledger.
- Sign off and agree all Intercompany invoices. Collaboration with the UK Business Partner in this regard.
- Review and critical analysis of customer invoicing and VAT returns.
- Control customer onboarding, credit limits and debt collection.
- Effective management of available company cash flow.
- Loading all payments on banking for the release by the Head of Finance.
- Consult with the company's bankers including dealing with the SA Reserve Bank for cross-border transactions.
- Monthly review of the fixed asset registers and sign off.
- Ensure all statutory returns are dealt with timeously.
- Coordinate the statutory audit.
- Business insurance management.
- Payment Runs (Weekly) Load and review the necessary payments for release by the Head of Finance.
- Prepare the annual GBS (DTI) applications file for review by the Head of Finance.
- Prepare the quarterly DTI file for review by the Head of Finance.
- Responsible for assessing BBBEE targets and meeting BBBEE audit requirements.
- Facilitate the financial element of the annual BBBEE audit.
- Preparation and presentation of certificates required for audit.
Qualifications, experience and skills:
- Minimum 3-5 years experience in a similar role
- Strong written and oral communication skills
- Financial reporting skills
- Analytical ability
- Problem-solving skills
- Commercial acumen
- Highly Advanced Excel skills
- Attention to detail & Solutions-focused
- Ability to challenge and question trends to address issues and identify opportunities for financial growth
- Willingness to learn and develop are key personal attributes for this role
- A responsible attitude and leads by example
- Ability to multi-task and excellent time management skills
- Integrity and trustworthy when dealing with clients, colleagues, and service providers
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