To support and educate line managers in the execution of finance related activities and monitor line adherence to Finance best practice and principles.Job Description / Responsibilities:Key Responsibilities:Accountability: Managing the Finance EnvironmentExecute strategic objectives as articulated by the Chief Operating Officer (COO) for the Business Unit (BU) explaining key focus areas to Executives and line managers.Review and present monthly financials and variance commentary at Divisional Manco meetings and where required support the Senior Finance Business Partners with presentation to EXCO Meetings.Implement and monitor cost control initiatives within the different functional areas within the Business Units in order to achieve overall Business Unit cost targets.Track cost savings benefits for the different centres within the business unit for which the role is responsible as and when required.Implement programmes and financial systems and policies as may be directed by the Senior Finance Business Partner for the financial year.Compile and present Financials to the relevant business owners on a monthly basis including financial actuals against forecasted trends.Conduct research and develop financial forecasts and indicators for the business to enable effective financial decision making and early warning systems.Participate in business initiatives or Group and Cluster financial initiatives on behalf of the business unit where required and ensure deliverables and frameworks are effectively implemented in own area of responsibility.Accountability: Financial management and Business PartneringAllocate duties to team members where required to execute and coordinate finance activities required within the business unit to ensure adherence to sound financial management and accounting practices within Business Unit.Monitor financial trends and identify gaps, based on gaps identified, motivate requests and new ways of work to the Senior Business Partner for additional resources including people, budget and equipment.Obtain a thorough understanding of the business unit's strategy and explain it to team members in such a way that they understand the contribution they have to make.Provide financial advice and guidance to line managers and business owners on new initiatives, current budget management practices and trends in expenditure in their areas of accountability.Explain targets and take accountability for the monitoring and achievement of own and team performance objectives in the department in terms of return on investments, financial risk, financial planning and governance.Manage departmental budgets including signing off of invoices and quotes within mandate. Escalate out of budgets or items higher than approved mandate to the next level manager.Rigorously monitor expenditure against approved budgets for the areas of accountability and put measures in place to address variances. Continuously identify areas for improved efficiency and reduced cost.Conduct basic statistical analysis to track performance variances and determine the root causes of errors. Make recommendations for productivity or process enhancements to process owners.Implement productivity improvement measures by coaching line managers on any new processes or on their areas for improvement.Populate balanced scorecards for the specific department on a monthly basis. Work with the team to address shortcomings during the next month. Escalate any major issues identified to the next level manager.Participate in the measurement and reporting of internal and external Service Level Agreements on a monthly basis.Address any process failures specific to the department under management.Accountability: Business PlanningPartner with the departments and the BU line managers to complete sound annual financial plans within the agreed timeframes.Review the 3 year forecast for Medium Term Plans (MTP's) for the area of accountability in accordance with BU strategy annually.Review the 3 year forecast for Short Term Plans (STP's) for the area of accountability in accordance with BU strategy annually.Review the 3 year forecast for Revised Annual Forecast (RAF) for the area of accountability in accordance with BU strategy annually.Review the expenditure against budget with accountable managers on a monthly basis and engage on areas of over expenditure or cost opportunities and help line managers to implement initiatives where budget savings can be made.Background and Experience Required:Education and Experience Required:NQF Level 7: Honours/Master's Degree BCom AccountsMinimum 3 years financial management experienceCompetencies:Deciding and initiating actionLearning and researchingEntrepreneurial and commercial thinkingRelating and networkingAdapting and responding to changePersuading and influencingCreating and innovatingWhat's Great in the Job?Great team of smart people, in a friendly and open culture.No dumb managers, no stupid tools to use, no rigid working hours.No waste of time in enterprise processes, real responsibilities and autonomy.Expand your knowledge of various business industries.Create content that will help our users on a daily basis.Real responsibilities and challenges in a fast evolving company.Each employee has a chance to see the impact of his work. You can make a real contribution to the success of the company. Several activities are often organized all over the year, such as weekly sports sessions, team building events, monthly drinks, and much more.A full-time position with an attractive salary package.Trainings12 days / year, including 6 of your choice.Sport ActivityPlay any sport with colleagues, the bill is covered.
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