About the position
Purpose of the Role:
Financial management of the energy business including consolidation, review, analysis and reporting of the energy group financial information, challenging the integrity of financial data, tax and treasury support and the preparation of forecasts and budgets. The Finance Manager will liaise with various functions within the energy business as well as the parent company and overall provide tax and accounting advisory to the energy group of companies.
Job Requirements:
Qualifications:
- BCom (Hons) Finance or equivalent (Essential/Minimum)
- Chartered Accountant (CA) (Essential/Minimum)
- Management Development Programme (Essential/Minimum)
Experience:
- Renewable energy experience and understanding of project financing principles a must
- Relevant financial / accounting experience with completed articles; Interpreting accounting standards / Companies Act; Complex group structure
- Listed entity experience a plus
Proficiency: 10 years
Importance:
- Strong financial acumen
- Excellent analytical, problem solving and decision-making skills
- Experience in a reputable financial reporting software and proficiency in microsoft excel
- Strong verbal and written communication and inter-personal skills
Involvement:
- Group consolidation, financial analysis and reporting
Additional Requirements:
- Psychometric Assessment - Essential/Minimum
- SA Institute for Chartered Accountants - Essential/Minimum
- Member of other Professional Body - Recommended/Desirable
Legal Requirements:
- Certificate of fitness - Essential/Minimum
Job Responsibilities:
Financial Planning & Analysis
- Oversee the preparation of and consolidate the detailed financial forecasts and budgets for the energy business, ensuring alignment with strategic objectives and operational needs
- Challenge the integrity of the financial information provided by the various stakeholders, consult widely for business or technical advice and probe for facts
- Perform review of financial models to support business decisions
Reporting
- Oversee preparation of timely and accurate internal and external financial reports, including monthly, quarterly, and annual financial statements
- Analyse financial performance against plans, prepare variance analysis, provide insights into financial performance to support key business decisions, identify areas for improvement / optimization
- Identify risks and opportunities, provide insights on financial trends and conditions and offer strategic recommendations based on financial data and project performance
- Report on the financial progress and performance of investments
- Develop actionable recommendations based on findings and communicate them to relevant stakeholders
- Coordinate with the Services team and external & internal auditors in the planning and execution of the periodic audit processes
Compliance & Risk Management
- Facilitate the implementation of new International Financial Reporting Standards (IFRS) or any other applicable accounting frameworks standards within the energy group
- Monitor and ensure timely identification and compliance with evolving accounting guidance, provide International Financial Reporting Standards (IFRS) interpretation and prepare technical memorandums that document issues in a clear, logical and comprehensive manner
- Compliance with accounting, statutory and regulatory standards
- Ensure financial systems, governance, policies, standards, guidelines and procedures are in place that align with best practice and are fit for purposes for all relevant financial touch points
- Coordinate with the relevant functions in the development of all policies and frameworks related to corporate finance, treasury, tax, financial accounting, financial reporting, management accounting, supply chain management and insuranc
- Coordinate with the governance, risk and compliance function in the identification and mitigation of risks associated with energy business
- Monitoring of debt covenants at group and project level
Tax
- Ensure the optimal and efficient structure of the energy business from a commercial and tax perspective
- Coordinate with Group Tax and ensure tax information and packs are in accordance with the specifications of the tax legislation
- Keep abreast with tax policy changes and liaise with relevant stakeholders to
- ensure general tax policies and regulations are executed within the energy business
Treasury
- Coordinate with the group treasury function and lead within the energy business in the cash management to achieve effective and efficient management of cash flow, financing and financial planning
Collaboration
- Work closely with Operational Finance, Business Development teams and other stakeholders within the energy business to provide financial support and to integrate financial insights into project planning and execution
- Communicate effectively with department heads and executives to relay financial information
- Assist in standardising, simplifying and improving functional processes, eliminating duplication/bureaucracy
- Apply functional best practices, promote sharing of best practices/knowledge
- Provide tax and accounting advisory support to the energy group of companies
- Liaise with parent company group finance department and ensure effective collaboration with other parent company support functions (tax, internal audit, treasury)
The Finance Manager will report to the Cennergi Holdings CFO. The key internal and external interfaces are as follows:
Internal interfaces:
- Operations Finance
- Expertise centres (Group reporting (IFRS), Tax )
- Governance, risk, compliance and supply chain
- Group Treasury, Internal Audit
- Business development, M&A and support teams
External interfaces:
- External and internal auditors
- Tax and accounting advisors
- Local and international financial institutions
Inter-Personal Capabilities:
- Ability to work within diversified and multi-functional teams, promote cooperation and knowledge sharing across the team
- Must be self-motivated and be able to take Being able to lead and work unsupervised is a necessity, but must be able to integrate into other functions as required
- Ability to maintain high standards in terms of work quality
- Ability to challenge financial inputs to ensure an accurate representation of the risks and rewards are prepared and presented
- Ability to multitask, to keep functioning effectively when under pressure and to maintain self-control
- Maintains high ethical standards
- Strong leadership capabilities
Desired Skills:
- Financial acuman
- Analytical
- Microsoft Excel
- Financial Reporting
- Project finance
Desired Work Experience:
Desired Qualification Level & Accreditations:
- Degree
- South African Institute of Chartered Accountant
About The Employer:
Renewable Energy
