Finance Manager

Norval Foundation; Cape Town; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A dynamic non-profit organization in Cape Town is seeking a Finance Manager to oversee financial matters. The position entails preparing reports, managing budgets, and ensuring compliance with statutory regulations. Candidates should have a relevant Bachelor's degree and a minimum of 5 years of management experience. This role requires expertise in financial forecasting and the ability to manage a team effectively.

Qualifications

• Minimum 5 years managing at least 1 – 2 people.
• Experience with preparation of monthly management accounts with full scope exposure across balance sheet and income statement.
• Dealing with foreign currencies and foreign entities will be advantageous.

Responsibilities

• Prepare accurate and timely monthly, quarterly, and annual reports.
• Manage year-end audit process and liaise with external auditors.
• Oversee preparation and review of annual budgets for all entities.

Skills

Financial management

Budgeting and forecasting

Accounting systems

Statutory compliance

Staff management

Education

Relevant Bachelor's degree

Job description

Norval Foundation has an exciting opportunity for a finance practitioner to become part of an engaging and motivated team at Norval Foundation.

The Finance Manager plays a key role in overseeing the financial matters and financial management of Norval Foundation. The Finance Manager (Hereafter referred to as 'the employee') is responsible for the financial matters and management of Norval Foundation.

The employee is to execute, compile, oversee, manage and execute all matters related to the financial health of the organisation.

The Finance Manager is responsible for compiling and managing the overall general accounting function of the Norval Foundation and its entities.

The employee will oversee, implement, and maintain accounting systems, procedures, and policies.

This position requires the accurate compilation, analysis and reporting of accounting data and the employee will act as a liaison between the company, government, client, and auditors in providing required information and ensuring proper information is maintained. The employee will be based in office, at the Museum in Tokai. The employee will report to the Museum Director.

Main Responsibilities

Financial Management & Reporting

• Prepare accurate and timely monthly, quarterly, and annual reports and management accounts
• Draft financial board reports for directors and trustees
• Manage year-end audit process and liaise with external auditors
• Review and present annual financial statements to directors

Budgeting, Forecasting, and cash

• Oversee preparation and review of annual budgets for all entities, for presentation to senior management
• Prepare rolling forecasts and scenario planning to support strategic decision-making
• Analyse variances against budget and provide insights to senior management
• Ongoing monitoring of transactions vs expectations and flagging any concerns with senior management
• Assisting operational staff with budgeting and cost management
• Oversee preparation and review of half-year forecasts for all entities, for presentation to senior
• Monitor daily cash flow, working capital, and reserves to ensure financial stability
• Approval of all payments in line with budgets compliance & Governance
• Ensure compliance with South African tax, company, and trust legislation
• Maintain donor-restricted and unrestricted fund reporting in line with grant agreements
• Oversee SARS submissions (VAT, PAYE, Income Tax) and statutory returns.
• SARS PBO annual reporting submissions
• FICA requests
• Complete annual CIPC return and beneficial ownership submissions
• Ensure adherence to internal financial policies and controls
• Ensure SARB loan approvals are in place
• Serve as the POPIA Information Officer and ensure compliance with the Protection of Personal Information Act, including overseeing deputy information officers and submitting the PAIA Annual Report.

Operational Finance

• Work closely with the Operations Manager with regards to supplier contracts and cost-saving initiatives
• Supervise debtors, creditors and overall finance department

Stock and Art

• Responsible for ensuring team is maintaining accurate Art and stock records at all times
• Responsible for maintaining all necessary insurance, ensuring annual renewals carried out as required

Property Management

• Responsible for maintaining all necessary property & contents insurance, ensuring annual renewals carried out as required
• Attend to any insurance claims as and when required
• Responsible for ensuring the team continually attend to all property management related matters, including but not limited to ensuring all service providers are paid and contracts maintained
• Responsible for overseeing all property cost reconciliations ensuring they are maintained accurately

Human resources / payroll

• Review of monthly payroll & related statutory returns
• Responsible to deal with day-to-day staff issues for direct reports
• Ongoing performance evaluation of accounting staff
• Assistance with recruitment process (interviewing etc) and preparation of employment contract for new employees.

Ad-hoc items: In addition to the above, ad hoc related tasks will likely be assigned on a regular basis.

Requirements

• Minimum 5 years managing at least 1 – 2 people
• Relevant Bachelors degree
• Experience with preparation of monthly management accounts with full scope of exposure across balance sheet and income statement
• Dealing with foreign currencies and foreign entities will be advantageous
• Some international exposure either through work or personal / travel experiences will be advantageous.