Financial Manager

Our client is looking for a Financial Manager to join their team. The successful candidate will work closely with the Operational Executive and will be responsible for driving financial and business performance, mitigating risk and pursuing commercial opportunities.

You will lead a team and be responsible for the financial reporting and management of a subset of entities within the Group. This includes budgeting, forecasting, benchmarking and performance review, risk management, procurement and financial process reviews, training and continuous improvement.

Responsibilities include:

Implementing and executing the operational financial framework:

• Implementing and aligning the operational financial management approaches to Group financial strategy
• Implementing and enforcing standard operating procedures and internal controls
• Managing the operational finance structure and delivery

Budgeting, forecasting and financial analysis:

• Reviewing strategy and structure to provide correct guidance on budget inputs
• Liaising and consulting with divisions to provide budget guidelines
• Reviewing budget proposals to confirm adherence to guidelines
• Advising on budget inputs as aligned to requirements
• Analysing budget and advising of changes
• Providing detailed support in the preparation of the budget
• Managing changes on budget throughout the process
• Reviewing margins and variances compared to prior budgets to provide guidance
• Presenting budgets to centralised office budget team for review and approval
• Communicating and submitting final budget to divisions
• Monitoring actuals versus budget monthly
• Reporting on deviations to budgets and advising on possible corrective actions
• Preparing annual forecasts per division
• Regular revisions of forecasts
• Preparing feasibilities and viabilities to consider and evaluate business plans and proposals

Staff Management:

• Recruitment and selection of new staff
• Mentoring and management of team
• Developing staff
• Managing staff retention
• Performance measurement and staff appraisals
• Managing disciplinary issues, including interactions with other functional leaders
• Approving and reviewing leave and resources
• Managing and remediation of absenteeism

Management Reports:

• Reviewing management reports monthly and adding commentary with actions and follow-up
• Conducting variance analysis on management reports and addressing any concerns
• Providing feedback on financial status of entities and performance relative to business plans to business executive/CEO
• Compiling executive committee and Board reports with comprehensive financial analyses

Financial guidance and support:

• Providing financial guidance at start of planning cycle
• Ensuring internal controls and standard operating procedures are implemented and adhered to
• Providing general financial support and guidance

Accounts payable and receivable management:

• Managing debt collection efforts and providing feedback on performances of each entity
• Reviewing and approving all monthly municipal account statements and implementing corrective actions on issues

Audit:

• Assisting with internal and external audit queries
• Ad hoc investigations and reviews of process compliance

Other:

• General financial and related projects such as capital planning, due-diligence investigations of potential acquisitions, capacity analysis, cost saving and procurement strategies, etc.
• Reviewing all executive head salary increases, 13th cheque and incentive bonus payments
• Strategic modelling to determine the outlook of business units and divisions

Requirements:

• CIMA/B.Com (Hons) with a proven academic track record
• More than three years' experience as financial leader in a large business, preferably with multiple branches and/or operations
• Experience in managing staff and strong communication skills
• Demonstrate commercial ability and experience
• Driver's license
• Experience on Dynamics NAV and/or Dynamics D365 (advantage)
• Experience in TM1 (advantage)
• Proven operational experience

Desired Skills:

• Financial Management
• Dynamics NAV
• TM1
• Management Reporting
• Staff Management
• Budgeting
• Forecasting
• Financial Analysis