Financial Manager: Financial Accounting, Controls & Management Reporting

MAIN DUTIES AND RESPONSIBILITIES

Financial Accounting and Control

• Review, approve and post business-as-usual (BAU) journals to the trial balance to ensure the accuracy, completeness and validity of accounting transactions.
• Monthly review the integrity of the company and Internal Subsidiaries general ledger and investigate unusual or suspense account balances.
• Review and approve accounting adjustments, corrections and reclassifications in compliance with the company accounting policies.
• Ensure compliance with internal controls, financial policies and systems and procedures.
• Provide technical accounting guidance to accountant and business stakeholders on transactional matters.
• Review of company and Internal Subsidiaries accounting activities and provide oversight on financial reporting issues requiring immediate attention.
• Support internal and external stakeholder queries relating to accounting records and financial transactions.

Month-End Financial Close and Reporting

• Lead and coordinate the month-end close process to ensure timely and accurate completion of all accounting activities.
• Design internal controls which include required reconciliations and checklists to support the month-end close processes.
• Review trial balances and ensure the accuracy and completeness of financial records across the company Company and Internal Subsidiaries.
• Oversee the preparation and review of balance sheet reconciliations and ensure timely and accurate resolution of reconciling items.
• Analytical review of income statement and balance sheet movements and investigate significant variances.
• Ensure all accounting entries comply with IFRS, Company accounting policies and regulator requirements including the PFMA.

Management Reporting

• Co-ordinate and review monthly management accounts and financial performance reports.
• Develop and present financial commentary, trend analysis and key business insights for management decision-making.
• Analyse actual performance against budgets, forecasts and prior periods and provide explanations for material variances.
• Identify emerging financial risks and opportunities and recommend corrective actions where required.

Fixed Asset Management

• Oversee the maintenance, completeness and integrity of the fixed asset register.
• Monthly review of additions, disposals, transfers, impairments and depreciation calculations.
• Ensure compliance with IFRS, Company accounting policies and systems and procedures relating to capital expenditure and asset management.
• Coordinate and review periodic asset verification exercises and investigate discrepancies.
• Internal Subsidiary Financial Reporting and Governance
• Review monthly subsidiary trial balances and ensure compliance with the company reporting accounting policies.
• Monitor subsidiary governance compliance, including regulatory reporting requirements and financial oversight responsibilities.
• Review subsidiary management accounts and financial submissions for accuracy and completeness.
• Ensure group reporting packages are prepared accurately and within agreed timelines.

Financial Controls and Compliance

• Monitor compliance with financial reporting policies, systems and procedures and implement corrective actions for identified deficiencies.
• Review financial reporting processes and recommend improvements to enhance efficiency and control effectiveness.
• Support audit issue remediation and track progress on the implementation of agreed management actions.

Regulatory and Statutory Reporting

• Prepare and submit South African Reserve Bank (SARB) returns and regulatory reports withinprescribed deadlines.
• Prepare and coordinate submissions to the Department of Trade, Industry and Competition (dtic) and National Treasury.
• Ensure the accuracy, completeness and consistency of regulatory information submitted to external stakeholders through the implementation of adequate review procedures.
• Liaise with regulators and respond to information requests and reporting queries.
• Financial Performance and Governance Reporting
• Prepare quarterly financial performance reports for executive management, boards and governance committees.
• Present key financial trends, performance indicators and emerging risks.
• Assess compliance with governance and reporting requirements.

Financial Review and Risk Management

• Conduct detailed reviews of financial performance and balance sheet integrity.
• Evaluate and review significant accounting estimates, provisions and judgements.
• Review compliance with accounting standards and regulatory developments impacting financial reporting.

Internal Subsidiaries Audit Coordination

• Manage the annual external audit process for subsidiary entities and act as the primary finance liaison with auditors.
• Coordinate audit planning, information requests and audit deliverables.
• Resolve audit findings and accounting matters on a timely basis.
• Manage relationships with external auditors and facilitate the provision of audit information.
• Review audit findings and management letter points and coordinate management responses.
• Monitor the implementation of agreed audit action plans and report progress to management.
• Ensure subsidiary entities address audit observations and strengthen internal controls where required.

Annual Financial Statements

• Lead the preparation and review of annual financial statements for subsidiary entities in accordance with applicable accounting standards and statutory requirements.
• Ensure all disclosures are complete, accurate and supported by appropriate evidence.
• Coordinate the annual financial statement review process and obtain required approvals.

Financial Strategy and Continuous Improvement

• Participate in budgeting, forecasting and strategic planning processes.
• Identify opportunities to improve financial reporting systems, controls and processes.
• Lead initiatives to automate and streamline financial reporting activities.
• Drive the implementation of best practices in financial management, governance and reporting.

Leadership and People Management

• Manage, mentor and develop accountants and CA trainees and build technical accounting capability within the team.
• Establish performance objectives and monitor achievement against agreed targets.
• Foster a culture of accountability, continuous improvement and sound financial governance.
• Ensure appropriate succession planning and skills development within the finance function.
• Develop and implement a training plan to build and develop skills within the team.
• Implement performance management measures for subordinates.
• Promote innovation within the team, including the adoption and effective application of AIenabled tools and solutions.
• Contribute actively to leading and guiding the team.
• Provide quality customer service to internal and external clients.

QUALIFICATIONS: (Formal qualifications)

• Minimum Requirement: CA(SA)

SELECTION CRITERIA (Formal qualifications, knowledge, type and length of experience and skills required to perform the job competently)

• Minimum of 8 - 10 years post-articles experience in a financial reporting role which includes the preparation of annual financial statements.
• Sound knowledge of IFRS 9 principles.
• Experience and knowledge in analysis and interpretation of budget performance and the preparation of management accounts.
• Experience from financial services/Lending/Banking would be advantageous.
• Experience with SAP system, including SAP Disclosure Management, would be an advantage.

LEADERSHIP COMPETENCIES

• Leading & Supervising
• Resilience
• Decisiveness in Execution
• Teamwork
• Communication and Engagement
• Strategic Thinking
• Business Mindset

TECHNICAL COMPTENCIES

• Financial Reporting and IFRS Expertise
• Group Consolidation and Financial Statement Preparation
• Financial Analysis and Business Insights
• Financial process automation and Continuous Improvement
• Artificial Intelligence (AI) literacy and data analytics
• Strategic Business Partnering
• Effective presentation and report delivery skills
• Diverse Stakeholder Management

BEHAVIOURAL COMPETENCIES

• Deadline driven
• Good Communication Skills
• Good Interpersonal Skills
• Coping with Pressures and Setbacks
• Conflict resolution skills
• Negotiating and influencing
• Presentation Skills
• Decision Making Skills
• Interpersonal Skills