Manage Opex reporting process, ensuring that all month-end journals are processed to correct GL accounts and cost center. Communicate Opex monthly results to cost center managers and attend to queries flowing from EVR discussion. Overall Opex management – budget and forecast management for support areas. Balance sheet management – managing the balance sheet process, ensuring all balance sheet accounts are reconciled, and reconciliation queries are followed up and cleared timeously. Provide effective Balance Sheet risk management to ensure that write-offs that result in financial losses are prevented. Collaborate with the broader finance community to set up Balance Sheet milestones and standard operating processes. Effective provision process ensuring that debtors' (receivables) loans are adequately provided for Provide input in setting up BEE targets for BU and monitor BEE targets. Key Responsibilities Opex Portfolio Quality of financial accounting records as well as quality and timing of monthly results, ensuring that meaningful commentary is provided on month-end results Manage allocation of operational expenses from cost centers to profit centers Maintain opex allocation basis Provide strategic support to exco members in managing operational expenses, ensuring that cost savings initiatives are identified and planned savings are achieved. Maintain fixed asset register and provide feedback on the asset that needs to be capitalized or retired. Manage forecast and budget process for support areas, ensuring that Budget and forecast are completed within the agreed timelines. Communicate results of Opex expenses with cost center owners and a ?? Maintain Delegation of Authority (DOA) and update all changes that occurred to ensure that payments are made on time Manage inter-departmental expense recoveries and Opex allocation process and obtain approval from receiving and transferring cost center managers. Follow up on EVR queries and resolve them before the end of the new reporting month. Support cost center owners with invoice allocations Manage and track asset license usage between departments PO verification, ensuring that POs are created in the correct cost centers and GL code Balance Sheet Management Monitor and enforce adequate controls on Balance Sheet accounts for Life Solutions and communicate outcomes of Balance Sheet review to heads of finance departments. Establish Balance Sheet standard operating processes and consistently apply balance sheet controls across different finance teams. Alignment of balance sheet accounts across performance cells, ensuring consistent use of GL balance sheet accounts. Ensure consistent and effective provision for non-recoverable receivables is implemented promptly and that timely follow-up is done on outstanding recoverable. Working Capital and Cash Flow Forecast Manage working capital and cash flow forecast for BU and reporting to the center Provide commentary and insights on working capital ratios and cash flow projection requirements for business units and help identify accounts that require management intervention. Champion process efficiency through the use of working capital results and help business to improve the process of receivables collection and timely payment of suppliers Monitoring of cash flow forecast against the actual cash flows and communicate results of cash flow analysis to the relevant heads of departments and CFO Planning and support of the year-end audit process Assist internal and external auditors in their audit by providing explanations/ supporting document Ad hoc attendance at business meetings (as requested) BEE Compliance reporting and tracking Adequacy of processes to support Life Solutions' strategic objectives around Preferential Procurement and ESD targets from a BEE scoring perspective. Liaise with Group Finance on mapping of qualifying BEE spend to ensure that expenditure is mapped to the correct cost centres.
