Finance Manager

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Finance Manager

  • Post Date:September 9, 2021
  • Views 426
0 Applications
  • Career Level Manager
    Qualification Degree
    Experience 10-15 Years
  • Industry Retail
Job Description

Main Purpose:

  • Manage the finance team.
  • Manage annual budget process, control costs, Capex, debtors, cash flow, Fixed asset register and archiving.
  • Ensures that all internal and external reporting requirements are met.
  • Responsible for ensuring compliance with local laws and regulations.
  • Responsible for effective execution of financial policies and internal controls.

Requirements:

Mandatory Education:

  • Professional Accounting qualification – CA with 7 – 10 years post articles or BCom (Masters) with 10 years relevant financial leadership experience or MBA with 5 years relevant financial leadership experience

Experience:

  • Seasoned professional with extensive knowledge of financial systems and local legislation.
  • Industry experience is an advantage

Skills:

  • Technical IFRS knowledge and application
  • Knowledge of applicable tax legislation
  • IT Efficiency
  • Leadership Skills
  • Numeric & Analytical skills

Competencies:

  • Excellent written and verbal communication skills.
  • Excellent computer skills – Microsoft office
  • Experience working with Dynamics NAV, Hyperion Financial Management is an advantage
  • Ability to work under pressure and under minimal supervision.
  • Strong work ethic and ability to effectively communicate financial information to Business leaders as well as to Senior management.
  • Hands-on and detail oriented.
  • Must be a team player with initiative and demonstrated capability to work in a challenging environment.
  • Ability to multi-task.
  • Must be deadline driven

Key Responsibilities:

1. Business and Financial Results Management:

  • Management of in-country finance function including management of Foreign Exchange, investment and the borrowing funds and relationships with the banks in conjunction with the Regional Treasury team
  • Provide accurate, complete and timely financial reports to all stakeholders
  • Provide input into each country’s budgets and monitor budgets to meet company goals
  • Seek cost effective ways of achieving company goals
  • Review and monitor the vendor service delivery agreements in conjunction with Procurement to ensure the company’s receives value from such contracts
  • Proactively participate in Opex and Capex costing tender committees in order to contribute to meeting company objectives in a cost effective manner
  • Monitor capital projects to ensure delivery within timelines and without overspend
  • Lead the process to find the cost effective and most efficient way to produce a set of financial results through optimum coordination of multi-disciplinary efforts (external audits, internal audits, publishers, IT etc.)
  • Ensure that working capital and fixed assets management are recorded, maintained, reconciled and reported upon accurately through effective resource management and monitoring
  • Provide thought leadership and input into the development of strategy and structure of the company
  • Responsible for sound internal controls and compliance with respect to treasury, credit and procurement processes
  • Ensure compliance to all corporate taxes applicable to each company

2. Stakeholder Relationship Management:

  • Interact with direct reports and manager/s and other internal stakeholders in a way that promotes openness and trust and gives them confidence in one’s intentions
  • Ensure a customer focused service to internal stakeholders by implementing a system for determining and managing customer needs
  • Represent each company to external stakeholders in a way that promotes openness, trust and integrity
  • Manage relationships with external stakeholders (eg banks, audit firms) in order to build trust and a conducive environment for negotiating better service rate and terms.
  • Deliver annual financial statements on time and at the required level of quality.
  • Provide input as respective committees from an Accounting (IFRS), Tax, IFRS and Regulatory perspective.
  • Ensure Group performance reporting deadlines and requirements are met.
  • Providing financial reports to the business.

3. Process Management:

  • Provide insight into financial performance within validity, accuracy and completeness through implementation of a strong controls environment
  • Compile relevant elements of the business review packs by providing the supporting information
  • Produce auditable financial statements for the respective reporting periods by developing project plans to achieve the reporting deadlines in compliance with IFRS
  • Develop and implement relevant accounting policies in order to produce accurate and complete management accounts on a monthly basis
  • Ensure compliance to all the regulatory requirements by keeping abreast of changing regulations and adapting the accounting process within the department accordingly

4. Team Management:

  • Ensure team members understand and support the company’s vision and strategy
  • Take accountability for building management expertise in others (management foundation) for team performance and success
  • Lead senior recruitment processes to ensure selection contributing to success of team
  • Utilise talent management practices to identify and develop future leaders and retain current talent to ensure a pipeline of future leaders and ensure business sustainability
  • Ensure self and team members have required skill and professional/ technical expertise by assessing gaps and development areas and creating development plans
  • Ensure each direct report has a job profile that with a view of full performance in the job
  • Engage and empower direct reports and hold them accountable for business and people management results
  • Create performance agreement for direct reports with measurable goals and objectives so that they understand how their performance will be viewed, recognised and rewarded
  • Conduct performance review sessions with team members to review performance and progress against targets and agree on appropriate action required to meet targets or standards
  • Hold direct reports accountable for performance management in their teams
  • Engage with reports in such a way that they feel motivated to achieve better performance and respect for diversity in their teams
  • Energise the organisation through effective communication, involvement, engagement, learning and best practice sharing

Key Relationships and Department Overview:

  • Internal – Puma Regional Finance, IT and Supply. Puma Global Reporting, Credit, Treasury; Business Line Managers.
  • External – External auditors, Local banks, Government, Tax authorities, Lawyers