Financial Manager

Blue Label TelecomsMidrand, Gauteng, South Africa

1 day ago

Job description

Job Purpose

Responsible for the execution of financial accounting, budgeting, cost benefit analysis, auditing, cash management and other fiscal operations and functions. Developing appropriate accounting and operational systems, establishing necessary financial and operational controls, approving various expenditures and obligations, planning and coordinating internal and external audits, and ensuring all activities conform to statutory legislation (incl IFRS, Taxation Regulations and other applicable legislation) and company policies and procedures.

Key Responsibilities

Financial Management

Prepare and analyze accurate monthly financial and management reports across all companies in the Blue Label Group, including income statement, balance sheet, budget and variance, projections and forecast, and cash flow
Ensure accounting policies are aligned to IFRS and develop and implement accounting systems and processes to ensure accurate financial reporting of sales are aligned to these standards.
Develop annual budgets in collaboration with the Chief Financial Officer and Chief Executive Officer
Ensure that all balance sheet reconciliations are produced on an accurate and timely basis to include bank reconciliations, debtors, creditors and inter-company account
Ensure that all financial transactions are processed accurately, in a timely manner, and in accordance with generally accepted accounting principles

Management Reporting

Ensure on-time reporting per on a monthly basis. Perform accurate variance analysis to prior year and budgets to identify, correct / explain anomalies

Report and circulate debtors and creditors on a weekly / monthly basis

Ensure TB / GL numbers is accurate and assessed by the 12th of each month and cash forecasts are performed for the month

Pro-actively manage year end communications to ensure complete and accurate accruals and records

Balance sheet recons completed, reviewed and filed by the 15th of each month. Departmental planning on a weekly, monthly, quarterly basis, to ensure all responsibilities are met

Manage the timelines of accountants and financial administrators to ensure timeous complete and accurate financial reporting

Continuous Improvement

Ensure teams operate at the highest level and with the latest best practices through monthly / quarterly training sessions

Support compliance with system descriptions and internal control development to ensure compliance

Address process inefficiencies to streamline current processes for optimal use of resources

Drive automation throughout the business to enhance processes, ensure alignment with IC requirements

Structure team and responsibilities to ensure optimal function in team

Self Management

Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained

Demonstrate consistent application of internal procedures Plan and prioritise, demonstrating abilities to manage competing demands

Demonstrate abilities to anticipate and manage change

Demonstrate flexibility in balancing achievement of own objectives with abilities to understand and respond to organizational needs

Leadership and Direction

Communicate the action plan; explain how this relates to the finance function's strategy and action plan and the broader organization's mission and vision; motivate people to achieve business goals

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Financial Manager • Midrand, Gauteng, South Africa