Financial Manager (Projects)

Responsibilities

Financial metrics

• Review monthly management accounts and prepare commentary.
• Support preparation of annual financial statements with reconciliations and schedules.
• Monitor and report on key financial performance indicators.
• Provide variance analysis and escalate issues where needed.
• Lead final review and approval of budgets, forecasts, consolidated group results, and management accounts.
• Oversee preparation and quality of individual and consolidated Annual Financial Statements.
• Approve sensitive and complex transactions (e.g. impairments, provisions, depreciation, finance costs, leases, intercompany charges).
• Review and approval of larger payments.
• Consult with Tax and IFRS experts (after liaising with the CFO) on complex, out of the ordinary transactions.
• Approve templates and models created to substantiate decision making.
• Enforce thorough review and timeous settlement of inter-company trade accounts, loan accounts, shareholder loans, bank loans, bank facilities, creditors, SARS (Income Tax, PAYE, VAT) in line with agreed payment terms.
• Enforce through reviewing the timeous collection of loans receivable, inter-company trade accounts and trade debtors. Ensure monthly or weekly reports are appropriately distributed and reviewed.
• Effective tax planning and cash flow management and oversight over cash management reporting for Group.
• Working with the CFO to identify control weakness, design internal controls and implement.
• Enforce thorough review and timeous corrective action against internal audit and external audit findings.
• Review and approve discounted cash flow projections for impairment testing.
• Review and approve adequate reassessment of useful lives, depreciation methods and residual values for tangible and intangible assets quarterly.
• Review and approval of the profit and loss on asset disposals.
• Ensure annual stock take is performed (including monthly / quarterly as dictated by company policy) and stock variances are managed.
• Management of payroll cost and operating costs.
• On a quarterly basis - approve the mini audits executed to test compliance with supplier payment terms, claiming of supplier rebates at the correct % and claiming timeously, similarly for supplier settlement discounts and general discounts, similarly for customer rebates and settlement discounts and general discounts, validity / relevance of debit orders, use of correct interest rates, wear and tear rates, depreciation rates by the Senior Financial Accountants.
• Create and maintain a template that allows for consistent, yet tailored audits for each of the entities within the group.
• Lead the BEE project team from Finance perspective to ensure the improvement and sustenance of the companies BEE score.
• Drive compliance with financial policies and ensure all financial decisions are supported by accurate templates, models, and audit trails.
• Review and approve quarterly validating fair value measurements (only where required).
• Enforce compliance with auditor requests to effectively manage overruns.
• Support the CFO with specific projects and reports and data extractions and building financial models / billing models / project costing.
• Approve capex, expenses, and disposals within authoritative limits.
• Any ad hoc tasks that may arise.

Project-based Financial Management

People Management

Strategy, Compliance and Reporting

Qualifications

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