Finance Manager Cape Town

Duties & Responsibilities

ENVIRONMENT: Our client operates a youth wellness clinic and an innovative learning space aimed at fostering the growth and development of young individuals in the local Thembalethu, George, Western Cape, and surrounding communities. They actively empower the youth by providing assistance, encouragement, and support as they strive to become responsible adults contributing to the future of our country.

Currently, they are in search of a qualified and experienced Finance Manager for their Cape Town, Western Cape office. The Finance Manager will play a crucial role in overseeing all financial aspects of the company, ensuring precision, compliance, and transparency in financial reporting.

Mandatory Requirement: A valid CPA designation is a mandatory requirement for this position.

DUTIES:

1. Financial Management and Reporting: Develop and implement financial management strategies, policies, and procedures. Manage the organization's financial activities, including budgeting, forecasting, and cash flow management. Prepare financial reports, statements, and analysis for the Board of Directors, senior management, and the donor. Ensure compliance with accounting standards, regulatory requirements, and internal controls. Monitor financial performance and provide recommendations for cost optimization and efficiency improvements.
2. Audit and Compliance: Coordinate and oversee annual external audits, ensuring compliance with auditing standards. Prepare audit schedules, financial statements, and supporting documentation for audit purposes. Implement and maintain internal controls to safeguard financial assets and mitigate risks. Ensure compliance with tax regulations, statutory reporting, and filing requirements. Stay updated on relevant accounting and regulatory changes and provide guidance to the organization.
3. Budgeting and Financial Planning: Lead the annual budgeting process in collaboration with the General Manager and the board of directors. Prepare accurate and comprehensive budgets aligned with organizational goals and programme activities. Monitor budget performance, analyze variances, and provide recommendations for budget adjustments. Support the general manager in developing project budgets and monitoring their financial performance.
4. Donor Management and Reporting: Ensure accurate recording and reporting of donations. Prepare financial reports for the donor, ensuring compliance with their reporting requirements. Provide financial insights and analysis to support proposal drafting and budget applications.
5. Financial Systems and Processes: Oversee the organization's financial systems, including accounting software and reporting tools. Identify opportunities for process improvements and automation to enhance efficiency and accuracy. Provide training and support to staff members on financial systems and processes. Ensure data integrity and security in financial systems and maintain appropriate backup procedures.

REQUIREMENTS:

1. Qualified CPA designation is required.
2. Minimum of 5 to 6 years of relevant experience in financial management and accounting.
3. Strong knowledge of accounting principles, financial reporting standards, and regulatory requirements.
4. Experience in the non-profit sector or working with non-profit organizations is highly desirable.
5. Proficient in financial management software and MS Office Suite.
6. Experience with donor management and grant reporting is an asset.

ATTRIBUTES:

1. Excellent analytical and problem-solving skills.
2. Strong attention to detail and accuracy in financial reporting.
3. Ability to manage multiple priorities and meet deadlines.