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A leading telecommunications company in South Africa is seeking a financial manager responsible for executing financial accounting, budgeting, and compliance with IFRS. The role involves preparing financial reports, managing transactions, and driving continuous improvement in financial processes. Strong analytical skills and accounting expertise are essential for success in this position.
Responsible for the execution of financial accounting, budgeting, cost benefit analysis, auditing, cash management and other fiscal operations and functions.
Developing appropriate accounting and operational systems, establishing necessary financial and operational controls, approving various expenditures and obligations, planning and coordinating internal and external audits, and ensuring all activities conform to statutory legislation (incl IFRS, Taxation Regulations and other applicable legislation) and company policies and procedures.
Prepare and analyze accurate monthly financial and management reports across all companies in the Blue Label Group, including income statement, balance sheet, budget and variance, projections and forecast, and cash flow
Ensure accounting policies are aligned to IFRS and develop and implement accounting systems and processes to ensure accurate financial reporting of sales are aligned to these standards.
Develop annual budgets in collaboration with the Chief Financial Officer and Chief Executive Officer
Ensure that all balance sheet reconciliations are produced on an accurate and timely basis to include bank reconciliations, debtors, creditors and inter-company account
Ensure that all financial transactions are processed accurately, in a timely manner, and in accordance with generally accepted accounting principles
Ensure on-time reporting per on a monthly basis.
Perform accurate variance analysis to prior year and budgets to identify, correct / explain anomalies
Report and circulate debtors and creditors on a weekly / monthly basis
Ensure TB / GL numbers is accurate and assessed by the 12th of each month and cash forecasts are performed for the month
Pro-actively manage year end communications to ensure complete and accurate accruals and records
Balance sheet recons completed, reviewed and filed by the 15th of each month.
Departmental planning on a weekly, monthly, quarterly basis, to ensure all responsibilities are met
Manage the timelines of accountants and financial administrators to ensure timeous complete and accurate financial reporting
Ensure teams operate at the highest level and with the latest best practices through monthly / quarterly training sessions
Support compliance with system descriptions and internal control development to ensure compliance
Address process inefficiencies to streamline current processes for optimal use of resources
Drive automation throughout the business to enhance processes, ensure alignment with IC requirements
Structure team and responsibilities to ensure optimal function in team
Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
Demonstrate consistent application of internal procedures Plan and prioritise, demonstrating abilities to manage competing demands
Demonstrate flexibility in balancing achievement of own objectives with abilities to understand and respond to organizational needs
Communicate the action plan; explain how this relates to the finance function's strategy and action plan and the broader organization's mission and vision; motivate people to achieve business goals
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.