Renewable Energies Financial Manager

SET Recruitment Consultants; Cape Town; On-site; ZAR 600 000 - 900 000; Full time

Job summary

A recruitment consultancy in Cape Town is looking for a Financial Manager to lead financial reporting and cash flow management. The successful candidate will have a Chartered Accountant qualification with at least 5 years' experience in a similar role. Responsibilities include compliance reporting and supporting budgeting processes. Advanced Excel skills and experience with ERP systems are essential, while knowledge of the renewable energy sector is advantageous.

Qualifications

• Minimum 5 years post-qualifying experience in a financial manager role.
• Experience in financial and management accounting practices.
• Exposure to reporting systems within a medium to large company.
• Experience in the renewable energy sector is an advantage.

Responsibilities

• Prepare finance inputs for monthly reports and Board meetings.
• Manage cash flow and ensure compliance with lender covenants.
• Prepare and sign-off annual audited accounts in accordance with IFRS.
• Partner with operations on budgeting and forecasting processes.
• Support the finance team with ad hoc finance matters.

Skills

Financial and management accounting

Creative and innovative mindset

Cross-cultural awareness

Advanced Excel skills

Proficient with Microsoft Office

Education

Chartered Accountant (CA) (SA) qualification or equivalent NQF level qualification

Tools

ERP system experience (e.g., SAP)

Microsoft Office packages

Job description

Key Responsibilities

1. Financial Reporting

• Prepare finance inputs for monthly analysis, shareholder, and stakeholder reports.
• Prepare finance inputs for Board meeting reports.

2. Cash Flow Management

• Manage cash, ensuring optimal use for the project SPV and compliance with all lender covenants.
• Provide timely cash reporting and forecasting.
• Maintain treasury and banking relationships, acting as the primary operational bank contact.
• Liaise with lenders and auditors to ensure compliance with all filing requirements and resolve accounting issues.
• Review and approve payments (electronic or manual).
• Oversee repayment of loans, reviewing calculations for accuracy.
• Manage the payment of dividends and distributions to shareholders.

3. Statutory and Compliance Reporting

• Prepare and sign-off annual audited accounts/financial statements in accordance with IFRS.
• Ensure all CIPC and related statutory reports are submitted on time.
• Work closely with tax managers and practitioners to manage local tax matters for project SPVs.
• Ensure compliance with corporation tax, VAT, and WHT obligations.
• Manage external tax advisors and coordinate advice as needed.
• Facilitate obtaining tax clearance certificates or advanced rulings where necessary.
• Lead responses to tax audits in coordination with local advisors.
• Review and assist with VAT and VAT returns.
• Prepare ad hoc compliance reports for institutions including Stats SA and NERSA.

4. Budgeting and Forecasting

• Partner with operations teams to support budgeting and forecasting processes.
• Analyse and report on budgets to the group.
• Ensure timely uploading of budgets into the accounting system.

5. Support to Broader Finance Team

• Provide ad hoc support to the finance team on budgeting, BBBEE reporting, vendor management, Economic Development reporting, and other finance matters.
• Undertake additional finance responsibilities in support of the group as required.

Minimum Requirements:

1. Chartered Accountant (CA) (SA) qualification or equivalent NQF level qualification.
2. Minimum 5 years post-qualifying (or post articles) experience in a financial manager role.
3. Experience in financial and management accounting, including current accounting practices and methods.
4. Creative and innovative mindset.
5. Cross-cultural awareness and ethical behaviour.
6. Exposure to reporting systems within a medium to large company.
7. Experience working in an ERP system (e.g., SAP or similar) is an advantage.
8. Advanced Excel skills.
9. Proficient knowledge of Microsoft Office packages including Outlook, PowerPoint, Word, and MS Teams.
10. Experience in the renewable energy sector is an advantage.
11. Experience in a shared services environment is an advantage.
12. Experience in a multi-company or multi-entity structure is an advantage.
13. Experience in an asset-intensive organisation is an advantage.