Financial Manager

IIE Rosebank College; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

An educational institution in South Africa is seeking a Financial Manager to oversee financial wellbeing, reporting, and budgeting. The ideal candidate will have a minimum of 5 years of experience in financial management and leadership. Responsibilities include managing cash flow, ensuring compliance with regulatory standards, and leading the budgeting process. A BCom Finance CTA & Articles is required, with CA preferred. This role offers an opportunity to drive financial strategy in a dynamic educational environment.

Qualifications

• Minimum of 5 years experience in Financial Management.
• 5 years experience in a financial setting.
• 5 years experience in Leadership.

Responsibilities

• Oversee financial wellbeing including reporting and cash flow management.
• Lead the annual budgeting process aligning with strategic goals.
• Ensure compliance with policies and regulations.

Skills

Operational skills

Analytical skills

Interpersonal skills

Integrity and ethical conduct

Risk awareness

Education

BCom Finance CTA & Articles

CA

Job description

Job Title: Financial Manager

Job Location: Gauteng, Johannesburg

Deadline: December 26, 2025

Job Purpose

To oversee and maintain the financial wellbeing of the brand, by completing monthly results, collection of debts, cost saving, strategic planning, expansion and achieving targets / budgets

Duties & Responsibilities

Financial Management & Reporting

• Develop and implement an effective financial reporting and cash flow management plan to support the achievement of the brand’s strategic objectives.
• Support strategic business decisions through financial modelling, scenario analysis and business cases.
• Provide insights on cost optimisation and financial risks.
• Advise senior management on the financial implications of operational plans.
• Monitor and report on cash flow weekly, ensuring that liquidity requirements are met and variances are addressed timeously.
• Oversee the preparation of monthly management accounts for the brand, ensuring accuracy, completeness, and compliance with head office reporting requirements and prescribed formats.
• Ensure all financial reports are correctly compiled and submitted on a monthly and ad-hoc basis, providing accurate and reliable information to support decision-making.
• Analyse, interpret and present financial information to identify trends, risks, and opportunities impacting the brand’s financial performance.
• Ensure that annual financial statements are prepared in accordance with applicable regulatory and reporting standards.

Budgeting & Forecasting

• Lead the annual budgeting process in alignment with the organisation’s strategic goals, ensuring full coordination and input from all departments.
• Develop and maintain rolling forecasts and financial models to support strategic planning and decision-making.
• Monitor budget performance on an ongoing basis and provide clear explanations of variances to management.
• Analyse and investigate variances between actual and budgeted results, recommending and implementing corrective actions where necessary.
• Track, review, and monitor departmental budgets regularly, providing managers with timely, accurate, and relevant information regarding over‑or under‑spending to support effective financial control

Internal and External Controls

• Ensure that adequate policies, procedures, and controls are in place to mitigate risks, prevent fraud, and maintain compliance with legislative, regulatory, and good‑governance requirements and standards.
• Schedule and coordinate internal and external audit timetables, ensuring readiness and timely participation from all relevant stakeholders.
• Provide required information, documentation, and support to auditors, facilitating an efficient and transparent audit process.
• Engage with internal and external auditors during the audit, addressing queries and clarifying financial and operational matters as needed.
• Review and analyse audit reports, ensuring a clear understanding of findings, agreeing on corrective actions, and resolving any discrepancies.
• Monitor and track compliance with audit recommendations, ensuring that agreed actions are implemented within the required timeframes to strengthen controls and reduce risk exposure.

Staff Management

• Ensure that the Finance Department is appropriately structured and adequately resourced to deliver on the strategic and operational objectives of the organisation.
• Conduct performance appraisals in line with policy requirements, providing feedback, coaching, and development plans to drive high performance.
• Develop and submit recruitment specifications to HR, ensuring that vacancies are filled with suitably skilled and qualified candidates.
• Identify competency gaps and training needs within the team and ensure that relevant training and development initiatives are implemented.
• Develop and maintain succession plans to ensure continuity of critical finance functions and support long‑term departmental stability.
• Conduct disciplinary hearings, when required, in accordance with the organisation’s disciplinary and grievance procedures, ensuring fairness and compliance with labour regulations.

Systems & Process Improvement

• Oversee financial systems, ensuring accuracy, robustness, and integration.
• Identify opportunities to automate and streamline finance processes.
• Ensure financial data integrity and support system upgrades or implementations

B-BBEE Compliance Responsibilities

• Oversee and manage the financial components of the organisation’s B-BBEE strategy, ensuring alignment with legislation and the applicable sector codes.
• Ensure accurate collection, verification, and submission of all financial information required for annual B-BBEE audits, including procurement spend, skills development expenditure, enterprise and supplier development (ESD) contributions, and socio‑economic development (SED) spend.
• Monitor preferential procurement performance, ensuring suppliers are BEE‑compliant and contribute positively to the organisation’s procurement scorecard.
• Work closely with HR and other departments to track and validate expenditure relating to skills development and employment equity, ensuring accurate classification for BEE purposes.
• Prepare supporting schedules, reconciliations, and evidence files for BEE verification and ensure timely submission to the rating agency.
• Analyse and report on BEE performance (monthly, quarterly, and annually), identifying gaps and recommending interventions to improve the organisation’s BEE score.
• Ensure that internal controls, processes and documentation standards support BEE compliance, including supplier onboarding processes and record‑keeping frameworks.
• Collaborate with external BEE consultants or verification agencies during assessments, providing data, responding to queries, and ensuring audit readiness.
• Support strategic decision‑making by evaluating the financial implications of BEE initiatives and advising on cost‑effective ways to sustain or improve the organisation’s rating.

Minimum Requirements

Qualifications

• BCom Finance CTA & Articles (Minimum)
• CA (Ideal)

Experience

• 5 years experience in Financial Management
• 5 Years experience in in a financial setting
• 5 years experience in Leadership

Key Competencies

• Operational skills
• Analytical skills / Financial skills
• Proactive (active) skills
• Interpersonal skills
• Integrity and ethical conduct
• Decision-making
• Stakeholder management
• Time management
• Risk awareness
• Accounting / Financial Services jobs