Summary
Date Posted: Thursday, February 22 2024, Base Salary: Not Disclosed

JOB DETAILS:
The job
Reporting to Chief Finance Officer, the Finance Manager coordinates and ensures the accurate preparation of the company's financial statements, budgets and management reports for monthly, quarterly and annual review of performance. Maintaining adequate records of the Company's financial transactions to show and explain the Company's transactions and financial positions.
Protecting the Company's margins through control of operational costs, maximizing income, and assisting Management to achieve its Earnings objectives. Ensuring the adequacy of Information Technology and communication systems and effectiveness of internal control and administrative systems to safeguard the company's assets and achieve organizational efficiency.

Main Duties and Responsibilities
Financial Reporting
1. Investigate, develop, implement and maintain internal systems to generate reports as required
2. Ensure that there is an effective system for accurate, reliable and timeous financial reporting
3. Prepare interim and annual financial statements for the organization
4. Submit financial reports to relevant stakeholders within the company
5. Review management accounts and ensured that they are submitted timeously
6. Ensure that general ledger reconcile to trial balance
Asset Management
1. Develop and implement asset management policy
2. Review all asset management reconciliations
3. Ensure that Assets are accounted for in terms of GRAP in the accounting records
4. Develop procedures to assess the impairment, residual value and use life of the assets
Treasury/Cash Management
1. Develop procedures detailing the compilation of short, medium and long-term cash flow, oversee the compilation of the information, and monitor and track the results on an ongoing basis
2. Oversee the monitoring of the cash flow position and all the cashbook functions of the company on a daily, weekly and monthly basis
3. Develop relations with the bank managers and other external services providers of the company
4. Assist in the development of policies, procedures and strategies on investment of surplus cash.
Creditors and Tax
1. Monitor working capital to ensure that there is enough funds to finance the activities of the organization
2. Review the accounts payable policy regularly
3. Develop and monitor existing internal processes to ensure that suppliers are paid within 30 days
4. Ensure that monthly reconciliations are performed and reviewed timeously (creditor’s reconciliations, accruals and ledger accounts)
5. Ensure that monthly submissions to relevant authorities are made, e.g. RRA and RSSB
Budgeting
1. Assist in the compilation of the annual and multi term operating and capital budgets for the company
2. Monitor the income and expenditure by scrutinizing relevant information from the employees
3. Provide input to ensure that effective budgetary control is occurring
Audit and Risk Management
1. Clear and resolve issues reported on by external and internal auditors where applicable
2. Review financial internal controls in place to ensure that weaknesses are addressed
3. Identify key risk areas, maintain risk register, and implement mitigating actions
4. Co-ordinate financial audit activities (Internal and external) for the company

Supervision/Management of Finance Department Staff
1. Supervise staff through informal and formal discussions
2. Manage staff performance through implementing the performance management system and using it as fully as possible
3. Conduct needs analysis discussions based on performance appraisals and determine staff training needs
4. Maintain an open-door policy with regard to subordinates to empower and motivate them appropriately

Requirements
• Master’s degree in accounting, finance, economics or related field
• Must possess professional accounting qualification such as ACCA or CPA
• Membership with recognized accounting body e.g. ICPAR
• At least 10 years’ experience in progressively senior financial roles within large organizations
• In depth knowledge of SAP would be an added advantage

Skills:
• Report writing skills
• Planning, coordinating and organizing
• Accuracy and attention to detail
• Ability to work under pressure
• Deadline driven
• Confidentiality
• Strategic thinking
• Advanced skills in Excel
• Computer skills (MS Office – Word & PowerPoint)

Work Hours: 8

Experience in Months: 120

Level of Education: Associate Degree

Job application procedure
• If your career aspirations match this exciting opportunity, please write in confidence quoting the position on the subject of the email on or before 25 February, 2024. Applications including your curriculum vitae, daytime telephone, qualifications, experience, present position, current remuneration, names and addresses of three referees should be emailed to jobs@rumaconsult.com 
• Note: Only short-listed candidates will be contacted.
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