Finance Manager - Holdings and Central Services

Vivo Energy; Cape Town; On-site; ZAR 800,000 - 1,200,000; Full time

Job summary

A leading multinational energy company is seeking a Finance Manager to oversee financial management and reporting for Holdings and Central Services. This role requires a degree in finance, extensive experience, and strong leadership skills to drive excellence across financial functions. Involvement in strategic planning, risk management, and compliance is critical. The position offers a chance to develop finance capabilities within the organization.

Qualifications

• At least 10 to 15 years of experience in Finance.
• In-depth knowledge of IFRS and strong analytical skills.
• Several years of proven experience in a senior finance leadership role.

Responsibilities

• Deliver world-class financial management to Holdings and Central Services functions.
• Manage financial integration between Local Finance teams.
• Ensure robust financial control framework is in place.

Skills

Fluent in English

Strong communication skills

Strategic planning

Analytical skills

Leadership capabilities

Risk management

Education

Finance/Economics degree

CA Qualification

Tools

Excel

PowerPoint

Word

SAP S4Hana

Job description

Vivo Energy are recruiting for a Finance Manager - Holdings and Central Services to join their team! This role reports to the Head of Financial Reporting and Policy Advice and will have two direct reports (10 people in full team). The role is responsible for delivering world-class financial management to the Holdings and Central Services Functions, as aligned with the Finance functional vision, in the areas including appraisal, planning, strategy, assurance, accounting, reporting, economics and projects.

This individual will also perform a finance integration role acting as the interface between the Local Finance Managers, Local Finance Controllers, Tax, Treasury and Portfolio and support Vivo Energy Central Finance function business objectives and contribute to the continuous development of business performance by establishing and implementing financial policies, programs and controls as well as playing a critical role in business partnership.

The individual will ensure that a robust and fit for purpose business and financial control framework is in place and that internal and external governance requirements are met.

The individual will also manage the financial management and reporting of Central Cost Recharges within the group, Accounting for internal and external Dividend distributions, Investment is Subsidiaries via holding companies, Management of Shareholder and Listed Debt instruments.

Principal Accountabilities:


Financial Leadership:

• Enable Central Holdings and Services to deliver world class Finance service to the Central Finance Function, including excellence in provision of specialist functional support (Tax, Treasury, Credit, Asset Accounting, Central Cost Recharging etc)
• Optimize collaboration between the Central Finance team and the OU Finance teams
• Be a key contributor as part of the Central Finance Accounting and Reporting Team, acting as a sounding board to and challenge the way things have been done in the past
• Build and maintain effective relationships within the OU Finance and Central Finance organization including the Central Corporate Finance, Central Legal, Central Tax, Central Internal Control and Central Accounting and reporting Teams
• Build Financial Leadership capabilities with the Holdings and Central Services Finance teams to build a strong pipeline of Finance talent
  
  
  

Strategy and Business Planning;

• Input into the development of the Central Cost Recharging models, planning for Central cost recharging, Planning for Key central Capex Budgets, Dividend distributions, Group Financing and Loan repayment plans
• Be accountable for delivering the Holdings and Central Service Plan
• Lead the planning process for VE South Africa (Lubricants business), ensuring business ownership and alignment with the FP&A Planning team
• Management Information and Business Performance Appraisal (VE South Africa)
• Financial performance (actuals) - Ensure robustness of financial performance data provided by Holdings and Central Services Finance Controlling teams
• Prevent the creation of non-standard MI
• Variance analysis (volume, margin, opex, capex and working capital drivers)
• Provide clear and consistent business appraisal and analysis that allows for timely decision making for the leadership teams
• Participate in Holdings and Central Services Business Reviews
• Co-ordinate working capital management and Cash management for Dividend distribution
  
  
  

Business Decision Support

• Contract management: Ensure proper management of purchasing contracts, Loan Agreements with focus on value protection and enhancement
• Risk management: Ensure commercial and financial risks are properly assessed, quantified and mitigated in line with Business objectives, adhering to Group policy as appropriate
  
  
  

Governance and Business Controls

• Compliance (Finance Standards): Ensure all key control targets and standards are met in line with local country requirements and operated effectively across the interface
• Audits (external/internal) and Business Control Reviews: Support internal/external audit requirements as appropriate
  
  
  

Accurate financial reporting

• OU and Central Finance departments in Vivo Energy are being pressed to improve the close and reporting process. Companies face increased pressure to provide higher quality information faster and more efficiently. Externally, market and regulatory bodies have accelerated reporting deadlines
• Ensure timely and flawless IFRS group reporting as well as transactional accounting
• Manage Intercompany reconciliations for Central Cost recharging and Dividend Distributions an Investments in Subsidiaries
• Manage and comply with statutory reporting requirements as well as tax filings
• Steer external year-end audit of statutory and IFRS group reporting (Where applicable)
• Ensure adequate accounting and IFRS reporting knowledge within the Holdings and Central Services finance teams
  
  
  

Requirements

• Finance/Economics degree and a recognized professional accounting qualification
• CA Qualification would be an advantage
• At least 10 to 15 years of experience in Finance and extensive knowledge of all relevant financial flows
• In-depth knowledge of IFRS and strong analytical skills
• Planning skills
• Several years of proven experience in a senior finance leadership role
• Focus on delivery and priorities, a self-starter,
• Strong communication (fluency in English), influencing and networking skills
• Specific software skills: Excel, PowerPoint, Word, SAP S4Hana
• Ability to work in a team, and under pressure, in a virtual environment
• In-depth knowledge of the ERP system (SAP)
• Control Competencies - Accounting and Operating Principles
• Reporting Skills - Management Information/Business Decision Support
• Tax competence
• Knowledge of cash flow
• Knowledge of contract and procurement management
• Performance management skills
• Knowledge of governance, risk management and internal control systems
• Experience in Managing Intercompany Reconciliations, Central Cost Recharging, Dividend Distributions and Debt Accounting