About the position
My client based in Durban is currently looking for a Finance Manager Reporting / Treasury to join them on a permanent basis
IT / Finance
Responsibilities
- The Finance Manager has an active role in financial reporting, Treasury Management and decision-making
- The role is highly technical and analytical and must be able to interpret and forecast financial and non-financial information to enable all financial and compliance reporting and treasury management
- Responsible for assisting with setting up funding requirements, ensuring compliance with funding agreements and for analysing various data from company performance to determine areas for improvement
- Supports management by providing high-quality analysis, information, forecasting and reporting to enable informed decision making that will have a direct impact on the company's financial performance (i.e., the role's primary goal is increasing profits of the company)
- Challenge the business to make improvements, e.g. streamlining expenditure and/or cashflows, to maximise profit and improve financial performance
- Support new business development through the preparation of financial models, budgets and forecasts and provide financial input into new funding negotiations
- Direct responsibility of the full finance and accounting functions and supports non finance functions such as operations, marketing and sales
- Accountable for preparing insightful reporting and analysis to support management decision making, and identify significant trends/issues, e.g. monitor performance against, budgets and forecast and covenants
- Responsible for providing finance business partner support to divisional managers, operations, and executive management, influencing behaviours and performance through insights and understanding of key drivers, macro-assumptions and trends
- Responsible for reporting and analysis of covenants - identifying and flagging issues to executive management, proposing corrective actions and monitoring outcomes
- Accountable for leading and improving the budgeting, annual and monthly management reporting
- Responsible for managing ongoing forecasting and preparation of data for finance review to ensure regulatory compliance and shareholder decision making
- Accountable for leading and improving the reporting processes through system development, automation and analysis in order to provide real time data to enable decision making
- Assist in modelling and scenario testing for new funding opportunities
- Accountable for developing and improving accounting & control processes to ensure that results are reported appropriately and on a timely basis
- Responsible for preparation of monthly business performance management and quarterly board reports, ensuring accurate and timely delivery of information
- Gathers and understands financial and non-financial (i.e. technical) information to develop complete knowledge of the business and the environment in which it operates
- Provides expert advice that will add value to the business
- Identify and partner with divisional managers to develop strategic relationships which create opportunities, improve performance, and solve business problems
- Prepare and present business plans and advise on the actions to implement these plans
- Prepares financial statements, corporate financial and integrated reports (e.g. board packs) for stakeholders using appropriate technology
- Leads effective decision making through analysing, evaluating and communicating performance and position of the business
- Prepares financial statements for the Group using appropriate technologies.
- Monitors, critically evaluates, and advises on the relevant accounting standards, regulations, conceptual and financial reporting frameworks
- Links developments in industry and the economic environment to required improvements in the financial and risk management of an organisation
- Communicates and advises on the impact on financial decision making on current developments in financial reporting, regulation, governance and ethics
- Evaluates organisational structures and governance to protect the long-term interests of stakeholders
- Recommends appropriate strategies to ensure adherence to governance structures and application of best practice internal controls
- Identifies and manages risk appropriately. Monitors and applies relevant legislation, policies and procedures
- Consults on the design and use of current and emerging technology and information systems to improve strategic decision-making and organisational performance
- Applies business acumen and commercial awareness to deliver business objectives
- Evaluates, justifies and implements suitable strategic options
- Adopts and applies innovative methods to implement strategy and manages change
Experience
- CA (SA)
- Technical / business qualification
- 8+ years post-graduation experience with demonstrated experience in an industry relevant senior role
- Experience in all aspects of finance function (with particular focus on Treasury management and reporting), commercial models/mechanisms, systems development and data analysis
- In the South African petroleum industry
- Good knowledge of fuel oil/petrochemical supply and trading and oil industry economics
- Exposure to any large reporting system e.g. SAP or SYSPRO, Microsoft Office Suite, Advanced excel, Data query logic and systems development, weighbridge and procurement applications
Competencies
- The incumbent should have a pro-active and collaborative approach, along with excellent communication and interpersonal skills to be able to liaise with and influence colleagues and external stakeholders at all levels
- Strong analytical, numeracy and modelling skills are essential, along with a highly developed cash management / Treasury awareness
- Must be able to drive system development and automation to improve accessibility to reporting models
- Individual must be able to work under pressure and to deadlines
- Must display strong leadership skills, and an ability to effectively work within and influence a multidisciplinary team
- Think strategically, be open to new ideas, manage innovation, challenge assumptions
- Must have excellent financial, financial management and legal / commercial / finance
- understanding of funding agreements
If you are ready for the next exciting step in your career, and would like to apply, please send us your updated CV to [Email Address Removed] for review
Desired Skills:
- Financial Reporting Management
- Working Capital Management
- Accounting management
- Treasury
- Financial reporting
- Budget Process
- Finance management
- Monthly Accounting
- Financial Accounting
- Variance Analysis
