Financial Reporting Manager Rosebank

Group Financial ManagerThe Group Financial Manager is responsible for planning and directing financial accounting, budgeting, auditing, cash management, and other fiscal operations and functions. This includes directing staff activities in maintaining, analyzing, and reporting financial accounting data, developing appropriate accounting systems, establishing necessary financial controls, approving various expenditures and obligations, planning and coordinating internal and external audits, and ensuring all activities conform to statutory legislation (incl. IFRS, Taxation Regulations, and other applicable legislation) and company policies and procedures.Duties & ResponsibilitiesThe main duties of the Group Financial Manager will be:Establish, build and maintain the financial monthly and annual reporting packs (management accounts)Reconcile the Management Accounts to the Monthly Ledgers (P&L to month AFS)Planning and directing financial accounting strategies along with CFOEstablish a migration strategy from Xero to our next accounting systemEstablish succession and build successor for roleSupport regional CFO in P&L format, design and account mappingsIdentify and solve software strategic directionBudgeting LabourNet Group (HOF, Regions and Products, Cost of sales, Opex and Capex)Assist on audit direction and management assumptionsCash management and other fiscal operations and functions.Maintaining, analyzing and reporting financial accounting dataDeveloping appropriate accounting systems (Xero / Corporate Planning and monthly reporting packs)Establishing necessary financial controlsApproving various expenditures and obligations within budget (Capex, Opex)Planning and coordinating internal and external auditsEnsuring all activities conform to statutory legislation (incl. IFRS, Taxation Regulations, CIPC and other applicable legislation) and company policies and procedures.Capitalization of the Development and platform team costsSpotlight and DraftWorx reporting for the groupB/S Compliance and bank covenant managementManagement account Reviews for the group before the Interim release to CFO and regionsInsurance compliance and the tenders for the company (Handle full insurance renewals and compliance)Cashflow predictions and analyzing the projectionsNedbank Funding for the group and relationship managementTest of controls for the entire group and ensuring the effectivenessRatio analysis for the entire groupApproval of the bad debts write off (IFRS9)Board Packs for the JV's and the dividends calculationsLabourNet partner Meeting (Board presentation packs financials)Processing Mapping for the entire company financial processes and systemsRevenue completeness and revenue growth (Accountable)Support and oversee the Financial Manager – Operations and Statutory FinanceStrategy and structure of the finance team (Reporting / Culture / Values, etc)Sign-off all financial policies and procedures with other Financial ManagerAFS for the group and individual companies (Establish internally generated financial statements)Fixed assets compliance (policies and processes oversee)Internal customer receive accurate, timeous information, enabling them to make informed financial business decisions.Oversee and Support Financial Accounts with Annual AuditsOversee compliance Product and IT budgetsSupport CFO on revenue budgets and COS budgets with HRManage Trial balance sign-off MonthlyManage FM output and timely reportingSign-off quarterly B/Sheet reconsManage the Management Accounts and present to CFO performance dashboardsXero system owner and proper account structures (VAT, Classifications, Mapping)BudgetingAnnual Budget completion (Regional sessions, Head Office and Group) (Oct – Nov)Cash flow projection report completed annually. (Weekly, monthly and Annual)Monthly variance reports (major cost analysis)Budget forecasting reports completed annually.Regional / Product Analysis sign offVat reconciliation oversee & release on bankTrial Balance reconciliation sign-off for audit readiness Quarterly support to AccountantsB/S Reviews quarterly and Yearend 31 December within 10 working days from 31 Dec annuallyDividend Distributions sign-offStatutory provisions (TAX /WHT/ETC.)Monthly MFRsFinancial packs forwarded to CFOJV's Board packsAudit readinessRevenue completeness checks with Operational FMRevenue growth reports (accuracy) analyse and present to CFOPayroll oversee (journals & recons) – Salary splits, journals sign-off (non-routine)Test of control effectivenessCash-flow managementAccurate and timeous monthly and 3 monthly cash flow scenarios providedCompany meets cash flow requirements without failMonthly expense varianceDebt covenantsCashflow projectionsDevelopment of Financial Managers to be successorDevelop Financial Manager on reporting to enable growthProcess writingTraining of finance as a wholeTechnical coursesTest of controlsProcess writingBlue printing of finance departmentTraining in contractsAudits (internal & external)Contract with the relevant auditing firm and timeously set the timelines.Annual audit conducted by no later than within 3 months of year endApplicable financial corporate governance requirements identified and actionedOther:In charge of finance as a wholeTraining as a whole for the finance teamAny Adhoc reporting or assignments from CFO / BoardStreamlining financial reporting processes / automation and assisting CFO with data flow mappingTax PlanningBuilding professional working relationships with the business partners and regional managersEnsuring Finance department drives business value add into all processes and interactionsDesired Experience & QualificationCA(SA) or CIMA Designation is required.Advanced MS Office (Excel, Word, BI, PowerPoint, Outlook).Valid Driver's License and own vehicle.5 years + financial system exposure on reporting and ledger managementExtensive Report building experience required (Excel and other BI tools)Experience required:5 years in a financial reporting experience at data consolidation levelAdvanced knowledge IFRS and IFRS SMEExperience managing diverse finance roles (Report Building / Group Management Accounts / Systems Migration)Advanced budgeting skills (Cost Centre, Regions, Products, Capex and Cashflow)Ability to handle mass volume of data (17 regions x 8 products x 13 legal entities time 6 classification fields)Advanced knowledge of financial reporting packs (Management Accounts and excel / BI tools)Corporate Financial Planning and analysis (bank relations, cash flow and ratio management)Experience in presenting and building financial dashboards.Experience with requirements of a system migration and integrations.Leadership skills managing finance and budgets.Strategic, creative and analytical thinkingMust be a problem solver (implement, track and roll out changes within finance)Computer literacy must be advance on Excel and BI tools (non-negotiable) – Will be testedFinancial and accounting skills (Must be first time pass on Board / CTA and excellent academic record)In-depth Knowledge of the financial operations and processesStrong financial systems knowledge (Xero or SAGE Intacct)Exceptional Process writing and control environment setup.Must have a proven record within finance and understanding of strategic finance models.Package & RemunerationSalary: R115 000 CTC per monthBenefits: Laptop, Internet, Cell phone and Pension Fund.
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