Salary: R720 000 – R780 000 CTC pa
My client is a payments stream service provider with its prime focus on providing and marketing collection
and pay out solutions in Africa. They need a competent Financial Manager to join their team.

Purpose of the role
• To be responsible for the control and managing of financial aspects of the group.
• To control and manage the Financial Department staff.
• To manager company assets in such a manner as to maximize return on investment while minimizing risk and also ensuring that an adequate control structure is in place.
• Direct reporting to the Group Managing Director and with indirect reporting to the Board of Directors.

Responsibilities

Strategic Initiatives (Optimise profitability and increasing shareholder value):
• To develop and implement revenue growth initiatives on existing and new income streams.
• To develop and implement productivity improvement through cost efficiency initiatives, asset utilisation and best practice for the group.
• To develop and implement risk management strategies, existing customer’s segments and services.
• To generate measures to performance and monitor achievement of strategic initiatives.

Annual Financial Statements:
• To be responsible for the planning and preparation of annual financial statements
for all companies in the group to enable the external auditors to audit the accounts
of the group.
• To liaise with the external auditors (local and foreign countries) in the finalisation of
the audits.
• To optimise company tax planning.
• To optimise intercountry / intercompany profitability.

Monthly Management Accounts:
• To be responsible for the preparation of monthly management accounts for the group.
• To present the management results to management and the board of directors.
• To prepare and analyse the results to enable management to make informed decisions.
• To report on monthly transaction achievement and income.
• To prepare medium and long term forecasts and plans (MTP/LTP) for the group in consultation with the directors.

Budget Control:
• To be responsible for the preparation, control and reporting of annual budgets for the group.
• To prepare and analyse the results to enable management to make informed decisions.
• To report on monthly budget variances within the group.

Financial Accounting:
• To oversee that all capturing of transactions is done timeously and correct (supplier invoicing, donations / CSI and employee claims (km, cards, etc.)).
• To oversee and check customer invoicing processes (Billing).
• To ensure that all reconciliations of accounts are done on time and differences rectified.
• To ensure that all statutory monthly payments are prepared and effected in time i.e. VAT, PAYE, UIF, SDL, etc.

Payroll and Employee Benefits:
• To ensure that the monthly payroll information is accurately and timely captured in the payroll programme (VIP / ESS).
• To oversee and ensure appropriate management of Payroll VIP ESS System including access, contingency and future planning.
• To be responsible for monthly commission calculation.
• To ensure that all aspects regarding payroll and employee benefits are being handled properly and timely.
• To advise and assist management in aspects regarding employee benefits.
• To coordinate and oversee training programmes.
• To ensure that all monthly payments regarding employee benefits (pension funds, medical aid and risk) are affected in time.

Cash and Bank Management:
• To advise management on cash investments and the control of investments.
• To check daily bank balances to enable management to optimise the investment of funds.
• To check weekly and monthly bank reconciliations to ensure the safekeeping of funds.
• To ensure all bank accounts balances are positive and within bank allocated facilities.
• To control and check daily payments and transfers.
• To ensure that all collateral held on behalf of the customers are recorded in separate accounts.
• To assist and participate in bank pricing negotiations and presentations.

Pricing and profitability modelling:
• To prepare profitability modelling - Group / Companies / Product / Segment / Sector / Customer.
• To prepare pricing modelling internal – banks and suppliers.
• To prepare pricing modelling for group annual pricing review and provide input on group pricing strategies.
• To determine customer profitability and pricing (Gross Profit Margin).
• To identify customers destroying value or generating losses.

Regulatory Responsibilities:
• To ensure that all statutory requirements regarding FSB regulations are adhering to.
• To ensure that the best rating be achieved for BBBEE purposes.

Policies and Procedures:
• To update exiting financial policies and procedures.
• To develop new financial policies and procedures.

Management of Financial Department:
• To be responsible for management of staff.
• To be responsible for performance development and measurements of all staff.
• To ensure that the general office administration is done timeously and correct.

Secretarial Aspects:
• To be responsible for all secretarial aspects of the group companies to ensure going concern requirements.
• To liaise with the company responsible for the administration of the legal secretarial matters of the group.
• To ensure legal compliance with all countries’ Company Acts and related regulations.

Competencies
• Planning and organizing
• Deciding and Initiating Action
• Relating and Networking
• Writing and Reporting
• Delivering Results and Meeting Customer Expectations

Knowledge and skills
• Self-confidence and interpersonal skills to interface with people at all levels in the organization.
• Pro-active individual.
• Excellent verbal and written skills.
• Excellent organizing ability and administrative skills.
• Ability to work in a dynamic environment – flexibility

Adaptability
• Initiative and accuracy – attention to detail.
• Ability to maintain confidentiality at all times (High level of integrity expected).
• Ability to utilize available resources optimally.
• Ability to promote team spirit and culture.


Experience
• 5 years’ minimum relevant experience in financial management.
• Managing a finance department team for at least 5 years.
• Experience in multi-national company financial accounting and reporting.

Education
• Hons B.Com or CIMA
• Post graduate qualification in accounting and management accounting.
• Financial management courses
• Income Tax experience and courses will be an advantage.