FINANCIAL ANALYST: JOBS FUND

Fempower Personnel; Pretoria; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A financial management consulting firm in South Africa seeks an experienced financial manager to oversee the Jobs Fund. Responsibilities include ensuring compliance and governance, financial analysis, and mentoring junior staff. The ideal candidate will have significant experience in project finance and a relevant degree. This role offers a comprehensive package and the opportunity to make impactful financial decisions.

Qualifications

• 6 - 8 years of experience in Project Finance, Corporate Finance, or Structured Finance.
• At least 2 years at a management level.
• Experience in public service is advantageous.

Responsibilities

• Ensure financial management and oversight of Jobs Fund.
• Support project teams and manage governance and compliance.
• Conduct financial analyses and develop recommendations.

Skills

Financial analysis

Stakeholder management

Data analysis

Education

Bachelor’s Degree in Finance or related field

Postgraduate Qualification in Finance

Job description

DUTIES

To be responsible for the financial management and oversight of funds allocated to the Jobs Fund (JF), ensuring governance, compliance, and stakeholder engagement. The role also focuses on contributing to the knowledge and learning agenda of the Fund by researching and analysing data as well as leading and mentoring junior staff.

Funding Allocation

• Analysis of Corporate Financials and other relevant reports including analysing current and past financial data and performance. Review of new investment proposals (due diligence) and opportunities conducted by project teams.
• Accompany project teams on due diligence visits on a risk basis.
• Review of commercial analysis, financial model analysis, risk and institutional analysis conducted by project teams.
• Review appraisal reports for submission to various committees.
• Support project teams at various committees.
• Review contracting documentation and support contracting negotiations.
• Review disbursement documentation required to provide initial funding allocations to projects.

Cost Analysis

• Review and assess the appropriate levels of project costs by establishing standard costs benchmarked with market data.
• Review of project-level financial assessments on a monthly and or quarterly basis.
• Enhance the cost analysis process by establishing and enforcing policies and procedures.
• Review project budgets, including cost estimates for reasonability.
• Provide guidance to finance teams on effective cost analysis.
• Improve the financial status by analysing results and monitoring variances at the fund portfolio level.
• Identify trends and recommend actions to Jobs Fund management.
• Recommend actions by analysing and interpreting data and making comparative analyses.
• Evaluate projects' expenditures against the Jobs Fund (JF) value for money frameworks

Governance & Compliance

• Review JF policies for alignment with accounting standards.
• Identifying trends in financial performance and providing recommendations for improvement.
• Assists in the development and/or enhancement of program systems and procedures.
• Identifies and manages implementation risks for the assigned programs and develops sufficient risk mitigation for identified risks.
• Supports legal and other staff in ensuring Fund compliance with guidelines and other applicable legislation.
• Provides oversight on the work done on financial data, which includes bulk payroll data for validity, accuracy, and completeness.
• Conducts verification checks on submitted financial information, manages the audit process for the audit of the supported projects.
• Provides overall financial information in preparation for Auditor General (AG) Audits.

Financial Management

• Monitor the spending against the budget for the allocated programs.
• Review financial models and budget re-projections.
• Develop strategies for enhancing efficient spending against targets.
• Prepares regular reports to various stakeholders on overall fund progress.
• Manages Fund cash flow and prepares drawdown requests to sufficiently capitalise the various programs as and when required.
• Conducts strategic site visits as part of the financial management of the project portfolio.
• Preparing disbursement documentation for consideration and approval by the Head of the Fund.
• Oversee disbursements to approved projects as well as monitor project progress in post-investment.
• Prepares financial reports on allocated fund performance.

Stakeholder Management

• Maintains communication with staff and other key stakeholders regarding financial matters.
• Motivates and provides support to project teams to achieve their targets.
• Provides technical and non-technical support to Jobs Fund staff and other stakeholders.
• Manages relationships with Contracted Intermediaries to ensure sound financial management at the project level.

Jobs fund support

• Liaise with implementing stakeholders and promote a culture of adherence towards efficiency and achievement of value for money.
• Promote knowledge management through research and publication of papers.
• Maintain communication with staff regarding financial matters.
  Manage team dynamics in order to meet the Fund’s objectives. Assist with the development and maintenance of financial models and forecasting methodologies and tools.
• Quality assures the deliverables produced by the junior staff.
• Lead, mentor and guide team members.

REQUIREMENTS

• Bachelor’s Degree/ Advanced Diploma/ BTech (NQF 7) in Finance, Project Finance, Chartered Accountants, ACCA Qualified or Economics or related field.
• A Postgraduate Qualification in Finance or Project Finance would be advantageous.
• At least 6 – 8 years’ experience in Project Finance, Corporate Finance or Structured Finance, with at least 2 years at a management level. Experience in public service would be advantageous.