Norval Foundation has an exciting opportunity for a finance practitioner to become part of an engaging and motivated team at Norval Foundation.
The Finance Manager plays a key role in overseeing the financial matters and financial management of Norval Foundation. The Finance Manager (Hereafter referred to as 'the employee') is responsible for the financial matters and management of Norval Foundation.
The employee is to execute, compile, oversee, manage and execute all matters related to the financial health of the organisation.
The Finance Manager is responsible for compiling and managing the overall general accounting function of the Norval Foundation and its entities.
The employee will oversee, implement, and maintain accounting systems, procedures, and policies.
This position requires the accurate compilation, analysis and reporting of accounting data and the employee will act as a liaison between the company, government, client, and auditors in providing required information and ensuring proper information is maintained. The employee will be based in office, at the Museum in Tokai. The employee will report to the Museum Director.
Main Responsibilities
Financial Management & Reporting
- Prepare accurate and timely monthly, quarterly, and annual reports and management accounts
- Draft financial board reports for directors and trustees
- Manage year-end audit process and liaise with external auditors
- Review and present annual financial statements to directors
Budgeting, Forecasting, and cash
Oversee preparation and review of annual budgets for all entities, for presentation to senior managementPrepare rolling forecasts and scenario planning to support strategic decision-makingAnalyse variances against budget and provide insights to senior managementOngoing monitoring of transactions vs expectations and flagging any concerns with senior managementAssisting operational staff with budgeting and cost managementOversee preparation and review of half-year forecasts for all entities, for presentation to seniorMonitor daily cash flow, working capital, and reserves to ensure financial stabilityApproval of all payments in line with budgets compliance & GovernanceEnsure compliance with South African tax, company, and trust legislationMaintain donor-restricted and unrestricted fund reporting in line with grant agreementsOversee SARS submissions (VAT, PAYE, Income Tax) and statutory returns.SARS PBO annual reporting submissionsFICA requestsComplete annual CIPC return and beneficial ownership submissionsEnsure adherence to internal financial policies and controlsEnsure SARB loan approvals are in placeServe as the POPIA Information Officer and ensure compliance with the Protection of Personal Information Act, including overseeing deputy information officers and submitting the PAIA Annual Report.Operational Finance
Work closely with the Operations Manager with regards to supplier contracts and cost-saving initiativesSupervise debtors, creditors and overall finance departmentStock and Art
Responsible for ensuring team is maintaining accurate Art and stock records at all timesResponsible for maintaining all necessary insurance, ensuring annual renewals carried out as requiredProperty Management
Responsible for maintaining all necessary property & contents insurance, ensuring annual renewals carried out as requiredAttend to any insurance claims as and when requiredResponsible for ensuring the team continually attend to all property management related matters, including but not limited to ensuring all service providers are paid and contracts maintainedResponsible for overseeing all property cost reconciliations ensuring they are maintained accuratelyHuman resources / payroll
Review of monthly payroll & related statutory returnsResponsible to deal with day-to-day staff issues for direct reportsOngoing performance evaluation of accounting staffAssistance with recruitment process (interviewing etc) and preparation of employment contract for new employees.Ad-hoc items : In addition to the above, ad hoc related tasks will likely be assigned on a regular basis.
Requirements
Minimum 5 years managing at least 1 – 2 peopleRelevant Bachelors degreeExperience with preparation of monthly management accounts with full scope of exposure across balance sheet and income statementDealing with foreign currencies and foreign entities will be advantageousSome international exposure either through work or personal / travel experiences will be advantageous.#J-18808-Ljbffr