Group Financial Manager

Michael Page; Johannesburg; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading recruitment agency seeks a Group Financial Manager in Johannesburg. This role involves strategic business partnering, compliance with financial regulations, and managing the annual audit process. The ideal candidate will have a professional qualification in accounting or finance, and proven experience in financial operations, preferably in the energy and natural resources sector. Candidates should demonstrate excellent analytical skills and the ability to lead a team effectively. This position offers a competitive salary and a supportive work environment.

Benefits

Competitive salary package

Additional benefits

Supportive work environment

Qualifications

• Proven experience in financial operations, ideally in energy/natural resources.
• Strong knowledge of regulatory requirements and financial standards.
• Ability to lead a team and manage stakeholder relationships.

Responsibilities

• Strategic business partnering with executives and committees.
• Developing and implementing finance policies.
• Ensuring compliance with Transfer Pricing laws.
• Managing the annual audit process.
• Overseeing financial statements in accordance with IFRS.

Skills

Financial operations management

Analytical skills

Problem-solving abilities

Team leadership

Stakeholder collaboration

Financial software proficiency

Education

Professional qualification in accounting or finance

Tools

Financial reporting standards knowledge

Job description

The Group Financial Manager Michael Page•Johannesburg

Responsibilities

• Strategic Business Partnering with all the offices in the Group, and Executives, applicable committees and contribute to value creation
• Digital transformation and data driven decision making
• Develop and implement Finance Policies in conjunction with the Group Chief financial officer
• Develop and drive the standardisation, automation and optimisation of Group Finance activities
• Communicate best practice, processes, controls and procedures with offices in the Group to ensure best practice internal controls and that the relevant information is available for adoption
• Support with models for the opening and closing of offices in the group
• Support with the design and implementation of the controls for new offices to align to the Group
• Ensure adherence and compliance with Transfer Pricing laws for the Group
• Own the monthly and annual group close process
• Consolidate results across all jurisdictions (multi-currency, multi-entity)
• Ensure consistent application of IFRS (or firm-adopted accounting standards)
• Review and sign off on:
  • Management Board Management accounts and reporting
  • Smaller offices Management accounts and reporting
  • Practice Group reporting packs
  • Oversee statutory financial statements in all jurisdictions
• Oversee Rest of Africa office's staff in conjunction with Rest of Africa Financial Manager and respective Managers on site
• Management Accounts
• Ad hoc support for Africa building financial models etc.
• Overall responsibility for GL - ensures appropriate, best practice controls are in place to ensure that amounts are valid, accurate and complete
• Ensure procedures are in place and maintained to ensure that information is captured by staff timeously
• Liaise with Finance IT staff (3E Innovations Team) to ensure full functioning of systems
• Ensure that Balance Sheet Reconcilations are performed monthly for all offices in the Group
• Design and Implement the Group budgeting process
• Review the assumptions implied and reasonableness thereof
• Review the consolidated Group budget
• Co-ordinate the group budgeting process
• Present the Group budget to the Group Chief Financial Officer
• Present the Group Budget to the Management Board under the supervision of the Group Chief Financial Officer
• Manage the execution of the annual audit process and ensure that appropriate/detailed work plans are in place to complete the audit on time
• Ensure discussion and agreement of practical and appropriate management actions and ensuring actions are implemented in response to audit recommendations
• Overseeing the preparation of the financial statement for all companies that fall within in accordance with IFRS
• Other ad-hoc year end duties as required
• Oversee the management of the partner remuneration
• Review and Sign-off on the monthly partner remuneration
• Review the proposal of the distributions in line with the funds available
• Ensure adequate controls designed and implemented for the partner remuneration process
• Ensure appropriate controls are in place to safeguard client funds
  • Report, under supervision, to the various law societies
  • Perform quarterly reviews on trust accounts ensuring that we are not in breach of any legislation or rule
  • Ensure appropriate relationships are formed with our bankers
  • Ensure that all approval lists are maintained and updated
  • Review on a regular basis if best banking practices are followed from a control's perspective
  • Ensure that all allocated funds are recorded, and appropriate lists are maintained
  • Provide support to Africa offices to develop relationships with the banks
• Initiate and manage regular internal reviews to ensure that documentation is in line with revenue requirements
• Review and sign-off provisional and final tax payments, dividend tax computations, VAT returns
• Facilitate the resolution of all SARS/ relevant Africa country Revenue of Services related queries timeously
• Provides input to the BG Finance strategy
• Work with Group Chief Financial Officer to establish annual operating plan and priorities to meet the strategic objectives and budgetary parameters
• Deliver on strategic inbound and outbound projects Working capital optimisation, collections and digitization

The Successful Applicant

• A professional qualification in accounting or finance.
• Proven experience in managing financial operations, ideally within the energy and natural resources industry.
• Strong knowledge of financial reporting standards and regulatory requirements.
• Excellent analytical and problem-solving skills.
• Ability to lead a team and work collaboratively with stakeholders.
• Proficiency in financial software and systems.

What's on Offer

• Competitive basic salary package along with additional benefits.
• Supportive and professional work environment in Johannesburg.
• Challenging and rewarding role with a focus on financial management.

If you are ready to advance your career as a Group Financial Manager in Johannesburg, apply today to join this leading organisation in the energy and natural resources sector.