Financial Manager

Bluespec Holdings; Durban; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

Bluespec Holdings in Durban is seeking a Finance Manager to lead the finance and administration functions, ensuring statutory and internal policy compliance while building the capacity of the finance team and guiding day-to-day operations.

You will oversee budgeting, reporting, cash flow forecasting and the integration of financial systems, while providing strategic business analysis and mentoring staff to maintain high performance.

Responsibilities

• All financial reporting, policies and procedures, while driving reporting excellence.
• Provision of support to functional leaders with respect to financial reporting.
• Development and continued integration of financial systems.
• Project budgeting, forecasting and cash flow forecasting.
• Business analysis including monitoring.
• Team leadership and training of local staff.
• Lead and manages the finance team ensuring all areas are functioning effectively (including taxation, cost management, accounting, payroll and reporting).
• Oversee administrative functions.
• Oversee all vendor contracts including sourcing, negotiation and ensuring appropriate agreements, execution and service levels.
• Ensure that all activities are done according to budget and forecasts.
• Plan, organize and control the high level activities related to the department.
• Develop and maintain progression and succession plans for the department as per company and HR guidelines; this includes the development, implementation and maintenance of a department skills matrix among other requirements.

Job description

MAIN PURPOSE OF JOB

In this role, you will be building relationships with key stakeholders, work closely with operations to secure alignment on account planning activities.

The Finance Manager is responsible for all aspects of financial management, ensuring compliance with internal policies and procedures. This role builds the capacity of the Company’s finance team. S/he oversees the day to day work of the finance department and is responsible for the effective use and deployment of staff and financial resources.

RELATIONSHIPS AND PERSONAL ACTIVITIES

This is a high paced environment with many exciting challenges.

MAIN JOB FUNCTIONS

1. 1. All financial reporting, policies and procedures, while driving reporting excellence.
2. 2. Provision of support to functional leaders with respect to financial reporting.
3. 3. Development and continued integration of financial systems.
4. 4. Project budgeting, forecasting and cash flow forecasting.
5. 5. Business analysis including monitoring.
6. 6. Team leadership and training of local staff.
7. 7. Key Responsibilities include: Management of the Finance & Administration Department.
   • a. Lead and manages the finance team ensuring all areas are functioning effectively (including taxation, cost management, accounting, payroll and reporting).
   • b. Oversee administrative functions.
   • c. Oversee all vendor contracts including sourcing, negotiation and ensuring appropriate agreements, execution and service levels.
   • d. Ensure that all activities are done according to budget and forecasts.
   • e. Plan, organize and control the high level activities related to the department.
   • f. Develop and maintain progression and succession plans for the department as per company and HR guidelines; this includes the development, implementation and maintenance of a department skills matrix among other requirements.

Cost

• a. Monitor operating budget performance and actively participates in the monthly review process.
• b. Accountable for the preparation of the budget and on delivery (costs and time).
• c. Negotiate and manage third party service providers in order to reduce costs.

Planning

• a. Plan work according to business requirements and guides all activities accordingly.
• b. Manage the annual site planning and administrative process.

People & Team Management

• a. Develop and encourage a team approach with shared objectives.
• b. Review and communicate individual and team performances in daily, weekly, monthly team meetings.
• c. Create and maintain strong relationship with all internal and external stakeholders.
• d. Active involvement in employee development by mentoring, training and coaching employees of the departments to enhance overall team skills development.
• e. Develop and monitor the progress of employee development and progress plans.
• f. Ensure all key people program requirements are met including timely performance management reporting, core training and development programs, etc.
• g. Ensure the Finance and Administration Team is executing in their roles and responsibilities to an expected industry standard.

Policy, Procedure and Process Development

• a. In consultation with corporate management, review relevant policy and procedures.
• b. Communicate with corporate staff to ensure effective alignment and collaboration on key initiatives.

Innovation and Improvement

• a. Actively participate in the continual review of company procedures and make recommendations as required.
• b. In collaboration with the Business Performance Manager, identify and address business process opportunities in all areas to further improve effective and efficient operation.
• c. Identifies, investigates and implements improvements to all commercial operations in order that security management capability that will satisfy External audit controls compliance.