Pretoria: Finance Manager posted by IT Ridge Technologies

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Job Summary

We are seeking a financial manager to analyze market trends and various business opportunities from a financial perspective. You will be responsible for preparing and reporting accurate and complete financial results for our financial services division, under the leadership of the Manager: Investment Administration.

In this role, you will serve as a strategic business partner, providing sound financial advice to management. You will also manage monthly group baseline accounting and financial analysis/reporting, ensure effective and efficient controls, and produce financial information for inclusion in board reports related to our financial services division.

Responsibilities:

Entity Accounting:

• Manage the ordering and creditors payments processes to ensure that all transactions are authorised and accounted for correctly.
• Manage the asset register and capital expenditure process.
• Responsible that all reconciliations are prepared monthly and that reconciling items are cleared. Review of reconciliations performed by accountants.
• Manage the general journal process and the posting of accruals, provisions and corrections within the delegation framework. Authorise financial transactions in department
• according to the delegation of authority.
• Manage the other accounting processes applied to the entity ensuring compliance to overall timely, accurate and reliable financial information.
• Together with Credit Management ensure that provision for irrecoverable debt on loans is adequate and calculated applying IRFS principles.
• Ensure the transactions comply with the delegation of authority.
• Approve write-offs in terms of Delegation of Authority.
• Release payments and approve other transactions in terms of bank mandates and delegation of authority.
• Identify key risk areas in the accounting system and processes, assess impact, report and where necessary take corrective action.
• Identify the need for system changes and manage the process of software implementations, upgrades and enhancements and the related testing of the programs.
• Manage and control the entitys daily cash-flow requirements to ensure that it has adequate cash balances available to fulfil its operational responsibilities. Working with the
• Investment Administration Department manage the investment of excess cash and withdrawal of investments in accordance with the delegation.
• Ensure that all systems and documents required by the bank, auditors and actuary are in place and approved.

Budgeting

• Manage the budget process for the entity.
• As a business partner guide managers/ executives through the process.
• Responsible to evaluate the budget items based on the assumptions and work with management that budgets are aligned to assumptions and principles.
• Responsible to collate the forecast and budget (opex and capex) for the entity together with commentary for Exco and the Board.
• Responsible that the approved budget is captured accurately (with phasing) in the accounting system.

Management Reporting:

• Responsible for the preparation of the monthly divisional management income statements, entity level income statement and balance sheets and other financial
• reports by the reporting deadline. This includes providing draft responsibility statements to responsible managers.
• Analyse and interpret the financial results of the entity compared to budget and provide feedback and recommendations where necessary on a monthly basis.
• Report on exceptions.
• Responsible that monthly management accounts are accurate and complete, including provisions, impairments etc.
• Provide the Financial Controller with draft report for inclusion in the Exco packs and the Board reports.

Taxation

• Responsible for the income tax calculations of the entity.
• Responsible for the completion of all company income tax returns for the entity for review of the Manager: Investment Administration. Responsible for submission
• by deadline.
• Responsible to calculate the provisional tax payments for approval based on actual results and appropriate forecast. Responsible to submit these returns and ensure
• that provisional tax payments are effected by the due dates.
• Responsible that all taxes are accounted for accurately and applied to transaction correctly.
• Responsible to check and approve the VAT returns and ensure that these are submitted on time and that VAT paid on time.
• Responsible to draft replies and deal with all audits, queries and communication with SARS.
• Responsible to identify all tax matters and risks related to the entity that require attention and ensure that these are dealt with.

Annual Reporting and Year End

• Responsible for the preparation of the entitys the annual financial statements in compliance with IFRS (and Group reporting standards). Responsible to provide consolidation information to
• the responsible manager. The impact of new IFRS statements must be determined well in advance, the solution approved and implemented, including the early audit of new detail disclosures.
• Responsible to meet year end reporting timetable.
• Responsible for provision of required information and explanations to external auditors as per timetable, and to build a good working relationship with the external auditors.
• Possible and actual issues must be identified as early as possible, solutions determined and agreed with Finance senior management and implemented.
• Responsible for preparation of statutory returns for entity in respect of Statssa and NCR.
• Responsible for the preparation of financial data in statutory returns to the Prudential Authority.
• Responsible to manage the process for agreed-upon-procedures external audits on any statutory return.

Other

• Represent Finance on management committees and projects as allocated/requested.
• Ensure that personal information is safeguarded in the department and that POPI requirements are met.
• Provide sound financial advice to management of entity.
• Any reasonable request

Department management

• In respect of all the departments under the incumbents control:
• Plan, select, develop and maintain suitable manpower capabilities for the function. Identify critical skills essential for sustainability of service delivery and the development of succession plans.
• Develop, lead and maintain a motivated high performing team.
• Create and maintain a climate conducive to performance to ensure that the department delivers against objectives.
• Identify and timeously address functional related problems and opportunities.
• Build and maintain relationships with stakeholders.
• Provide technical direction to the team.
• Mentor, manage and develop direct subordinates. subordinates includes continuously providing feedback and coaching to ensure that your team members perform at optimum
• productivity levels. Managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.
• Guide larger, cross-divisional teams outside of direct span of control.
• Manage the department in accordance with agreed policies and procedures, standards and legal requirements.
• Monitor and measure the departments performance in accordance with the agreed upon metrics.
• Implement performance management in teams, through setting of smart targets that contribute to meeting the entitys objectives, tracking and monitoring performance.
• Identify and timeously address functional related problems and opportunities.
• Provide technical direction to department.
• Identify, manage and report on operational risks and manage these risks. Comply with the Groups risk management policies.
• Manage the departments annual capital and operational budget.
• Fulfils all the required management responsibilities.

Requirements:

• 3 Year Tertiary Qualification: (B Compt Accounting or equivalent).
• Completed Articles to become a Chartered Accountant.
• Intermediate level of proficiency relating to the MS Office Suite (in particular MS Word, MS Excel and MS PowerPoint).
• 5-10 years of accounting experience applying International Financial Reporting Standards.
• 5+ years of financial reporting and analytics experience.

Finance Manager position available in Gauteng, Pretoria. This job position was posted by IT Ridge Technologies. The job has been posted as a premium ad on 2024-07-07 at 13:03:47 in the Insurance And Investments category

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