Group Reporting and Consolidations Manager at Avarecare Health
Avacare Shared Services CMA (Pty) ltd
- R Undisclosed
- Permanent Management position
- Fourways (Work From Home)
- Posted 02 May 2024 by Avacare Shared Services CMA (Pty) ltd
- Job 2563259
About the position
The position is responsible to assist the General Manager: Group Finance and is a Finance Business Partner, with a particular focus on the application of sound financial decision making and reporting, with the aim of accounting for all business activities, safeguarding all assets and improving return on investment and profitability in the business. This role performs monthly and year-end Group consolidation. Prepares Group financial statements in accordance with IFRS. Responsible for maintaining and consolidating the financial reports/results within the Group CA (SA), preferably articles in Big 4. Group budgets and forecasts Develop an effective implementation schedule and monitor production of all financial plans Group Financial Reporting Accuracy in preparation of monthly, quarterly and annual financial statements/financial reports and management reports in a timely manner Audit, training, compliance, process optimisation and technical
Prepare financial plans, budgets and forecasts as well as EXCO/Board presentations
Communicate the value proposition of financial planning
Manage the rollout of any proposed budgeting and forecasting tool from a super-user perspective
Maintain knowledge on all financial plans with clear documentation in place
Assist in preparing long term plans, budgets and forecasts (5-7 year plans)
Completing quantitative analyses of budgets and various financial plans
Evaluates plans by identifying outcomes and potential returns, with value added recommendations to stakeholders
Recommends financial action plans by assessing options in relation to organisational goals
Development, and maintenance of all reporting templates to report financial and operational information to Exco.
Create and coordinate the preparation and release of financial and management reports
Prepares financial reports by collecting, formatting, analysing, and explaining information in a meaningful and value adding manner
Contributes to the overall team effort by accomplishing related results as needed
Ensure adherence to all standards and organise yearly financial planning meetings
Manage the overall Group Budget and Forecast process which includes presentations of the financial plans to the relevant stakeholders
Build relationships with key stakeholders and Group finance staff to ensure smooth operations for the Group Finance department.
Provide timely and accurate financial information to inform and influence operational decisions.
Assist in managing the financial inputs and reviews of the Group integrated annual report
Assist in reviewing all finance related information on JSE results presentations and SENS announcements prior to this being released (when we reach listing phase)
Create and coordinate the preparation and release of financial and management reports
Assist with research, review, and analysis of the effectiveness and efficiency of existing financial reporting procedures and systems, with a view to develop strategies for enhancing or leveraging these processes and systems.
Assist with the improvement of overall financial reporting processes and systems by driving efficiency, innovation and automation in Group Finance
Work directly with decision makers and end users to understand, define, and document current and possible future reporting goals, needs, and requirements.
Assist with the development, and maintenance of all reporting templates to report financial and operational information to Exco.
Retrieve and utilize information from the accounting system and other data sources and, when necessary, recommend and manage the development and implementation of improved processes.
Assist with the design, development, publishing, and maintenance of management dashboards.
Assist with research and recommend key performance indicators in order to provide better intelligence in financial reporting.
Identify areas of automation as well as process improvement ideas and implement.
Assist in developing and maintaining processes related to all standard reporting in the form of consistent policies and guidelines for financial reporting
Ensuring compliance with all regulatory requirements, including funding covenants.
Assist in the preparation of audit pack and interim reporting templates, incorporating all changes to IFRS & reporting requirements.
Assist in the preparation of the Group annual financial statements in adherence with IFRS and related legislations.
Represent the Group Reporting function in specific Group initiatives and projects impacting the Group Financial Reporting process
Coordinates with foreign entities' accountants for timely financial reporting.
Prepare and process all consolidation journals in accordance with the appropriate standards, ensuring that all journals have valid supporting documentation
Support and develop management reports and analysis related to Group figures in close collaboration with all relevant stakeholders
Group closing and consolidation activities including; month-, quarter-, interim reporting and year-end reporting.
Take ownership of the reporting systems in the Group
Arrange appropriate training and education on all reporting systems across the Group
Execute the consolidation of accounts and transactions
Develop and document group's reporting guidelines/manuals including standard operating procedures for Group reporting (interim, year-end and monthly reporting)
Maintains technical knowledge by attending educational workshops; reviewing publications and maintaining CPD.
Participate in appropriate training and education on IFRS across the group as an initiative from the Group Finance team to drive learning and development
Prepare required documentation for audits internally and externally. Ensure and maintain an up-to-date status. Interface with external auditors for periodic financial reviews, controls testing and other inquiries
Implement controls within the reporting environment to enhance Group reporting
Assist in managing the external audit during the year-end audit as well interim reporting periods, where required. This includes all aspects relating to the audit including planning and execution
Support the implementation of new reporting systems and processes
Reduce reporting days for both monthly reporting, and year end reporting
Assistance on various ad hoc projects within Group Finance
Work with regional finance teams to align accounting policies and procedures for key areas globally to ensure a standard procedure is followed.
Desired Skills:
- Financial Reporting
- consolidation
- General Ledger
- Budgeting
- Forecasting
Desired Work Experience:
- 5 to 10 years
Desired Qualification Level:
- Honours
About The Employer:
Founded in 1996, the Avacare Health Group is a multinational healthcare company operating in 20 African countries, the Middle East, Asia, the US, Canada and Australia. We provide integrated, innovative and holistic health solutions for: Pharmaceuticals, Consumables, Devices, Diagnostics, Health Supplements, Education, Manufacturing, Ophthalmology, Renal, Research and Development, Women's Health.
If your personal career development plan is about growing within your area of specialisation within a business that is involved in charities and health-awareness campaigns to develop and maintain healthy, flourishing societies then Avacare wants YOU. Our Finance Department is growing and we encourage you join our awesome team today!
We have pleasure inviting all South African candidates to apply for our Group Reporting and Consolidations Manager vacancy based in our Fourways (Johannesburg) office.