Financial Manager (Sandton)

Job Purpose

• Accountable for the entire financial reporting process, including the day-to-day accounting functions, management of the financial reporting team, management of customers and suppliers.

Key Responsibilities

Financial Management

• Identify, draft, develop and implement, operational processes, policies and guidelines. 
• Timely and accurate monthly financial reporting to management and Cigicell finance.
• Manage the team responsible for the financial reporting and general accounting functions.
• Set targets and supervise staff performance, recruit and develop staff.
• Manage strategic changes to processes, systems, objectives within the department.
• Manage customer queries, customer satisfaction, billing and collections.
• Manage supplier relationships, queries and settlements.
• Recommend changes to policies and procedures that would improve the effectiveness and efficiency of the department and add value to the organization by cost savings and/or revenue maximization or optimization.
• Compile and review monthly management accounts, ensuring compliance with IFRS, accounting policies and Cigicell reporting requirements.
• Critically review the financial exposures within the organization to ensure expenditure is in line with business requirements and that expenses are reasonable.
• Management of cash requirements and forecasting of cash flows in order to facilitate cash management.
• Monitoring of management assumptions versus actual performance in order to assess reasonability of management assumptions and possible required amendments of these assumptions for financial reporting and financial management purposes.
• Reconciliation of NAV to underlying transactional systems and/or databases.
• Creating and implementing new financial processes as and when required for new business ventures, changes in accounting policy, changes in IFRS or other instances where necessary.
• Liaising with other business units to ensure that the finance department and its functions remain updated with the latest business processes and are integrated with these processes where required.
• Assisting with cost assessment and profitability models for new business opportunities and assisting in the assessment of its financial feasibility.
• Preparation of annual budgets, including Sales, Cost of sales, Opex, Capex, cash flows and other as may be required.
• Management of internal audits.

Financial Controls

• Continuous improvement through standardization of manual processes
• Monitoring and measurement of work output against credit policy
• Identify risks in processes and controls and mitigate these risks through various mediums.
• Responsible for financial internal controls and effective completion of all financial audits.
• Ensure adherence to processes and controls put in place by management.
• Ensure internal controls are up to date, improved and implemented and trained.

Reporting

• Preparation of the monthly financial review for management.
• Preparation of the monthly management pack for Cigicell finance.
• Preparation of working schedules for audit purposes.
• Ensure accurate and complete month end analysis of financial results.
• Preparation of financial forecast packs where required.

Requirements

Competencies

• Ensures Accountability
• Tech Savvy
• Manages Complexity
• Plans and Aligns
• Communicates Effectively
• Business Insight
• Decision Quality
• Financial Acumen
• Customer Focus
• Instills Trust
• Cultivates Innovation
• Collaborates
• Situational Adaptability

Education

• Bachelor’s Degree in Finance or Accounting
• CA(SA) (SAICA) preferred

Experience 

• Minimum 3 years’ experience in Financial Management role