Job Description Financial Operations Manager - Woodmead Job Title: Financial Operations ManagerDepartment: FinanceReporting: Chief Financial Officer/ Managing Director Job Summary One of our clients, being a leader in the VAS/distribution of pre-paid products and transactional services has an exciting vacancy for a skilled Financial Operations Manager. The Financial Operations Manager reports to Chief Financial Officer/ Managing Director and will be responsible for the financial health and day-to-day financial operations of the company, producing financial reports and guiding senior executives in making sound business decisions in the long and short term. Task and Responsibilities Monitor and manage the day-to-day financial operations within the company, such as the processing of debtors, creditors, bank accounts, fixed assets, reconciliations and other transactions.Oversee and develop financial department employees.Maintain and monitor the commission system to control margins over all products in line with supplier and customer agreements.Produce, analyze, and distribute monthly management and financial reports according to agreed timeframes for MM management and directors.Produce and analyze regular, detailed cash flow forecasts.Produce and analyze annual financial reports and statements to comply with the requirements of the South African legal framework and IFRS.Develop, track and monitor annual budgets and regular forecasts in collaboration with senior management.Provide insightful information and expectations to senior executives to aid in long-term and short-term decision making.Identify methods for minimizing financial risk and areas for potential improvement.Closely monitor overall profitability, with specific focus on maximizing product margins, cash investments and cost reduction initiatives.Liaise with bankers, suppliers and customers to maximize working capital management opportunities, in conjunction with senior management.Maintain current standing with all tax authorities and requirements, including the submission of payments and reports (i.e. SARS).Lead on operational tax planning, especially VAT related matters.Ensure compliance with all statutory requirements relating to financial control, financial management and accounting.Ensure fixed assets are properly managed.Ensure appropriate external audit arrangements are in place and manage the audit process.Ensure that all balance sheet reconciliations are produced on an accurate and timely basis to include bank reconciliations, debtors, creditors, stock accounts, etc.Ensure implementation and adherence to finance policies, procedures and systems across all teams.Stay up to date with technological advances and accounting and other software to be used for financial purposes.Ensure that the accounting software is enhanced and automated to improve operational efficiencies.Implement any changes in reporting requirements and develop systems to adhere to reporting requirements.Undertake any other specific duties as required by the Chief Financial Officer/ Managing Director. Required Knowledge, Skills and Abilities Qualified accountant (B.Comm degree). Candidates with relevant experience may also be considered 4 - 5 years of experience in a similar finance roleExperience in the preparation and finalisation of accounts in accordance with current South African regulationsKnowledge of strategic and financial planning including activity costing, benchmarking, business intelligence and KPIsExperience in budget preparation and reporting Experience in goods and services procurement processes Highly numerate and able to analyse information and interpret financial data to produce reports which can be understood by non-financial colleagues Excellent communication skills, both verbal and writtenComputer literate; fully conversant with the current uses of information technology in the workplace and uses IT as a management toolAbility to work at both a detailed and strategic level e.g. making payments and producing annual financial delivery plans, etc.Leadership skills and experience; employee managementSuperior attention to detailOrganisational and planning skillsResearch, critical thinking and problem-solving skillsIntegrityHonesty Remuneration
