Financial Manager (qualified CA or CIMA with a minimum of 3 years’ working experience)
The Company is looking to hire a financial manager (CA or CIMA) to run and develop out the financial function of the business, focused mainly on the asset factoring division and supporting the litigation funding business.
You will report to the CFO, and your core responsibility will be to oversee and manage the finance function ensuring commercial, financial, and strategic support for key decision making across the business. In addition, you will play an important role in developing out the financial and operational functions of the business.
The position is integral to all aspects of the business and will be exposed to and involved in a wide range of activities. You will be required to work closely with management and stakeholders.
We are looking for goal oriented, driven individual who wants to join a growing business.
Role Overview
Your primary responsibility will be the financial management of asset factoring division, and will include, but not be limited to:
- Preparing the forecasting and budgeting process and work with relevant staff to achieve targets and measure progress.
- To review and develop internal processes to ensure a strong financial control framework is in place.
- Running the month-end accounting process.
o Maintaining up-to-date and accurate accounting records.
o Managing and improving the quality of the underlying source information.
o Posting journal entries. - Running the monthly Bad Debts and Provision.
- Preparing the monthly management pack.
- Preparing annual budgets and quarterly forecasts.
- Managing cost control and the commercial engagements.
- Manage cash flow and treasury forecasting.
- Managing stakeholder engagement.
o Communication with funders.
o Covenant reporting and management.
o Shareholder reporting and engagement. - Loading and reviewing payments, this is for both expenses and loan distribution.
- Litigation funding accounting.
- Litigation funding stakeholder engagement.
- Treasury management.
- Managing taxation – VAT and income tax across the group.
- Managing the annual audit.
2
In addition to the financial management, your role will be critical in driving improvement throughout the business, where you will be required to get involved in a number of financial and operational projects across the operational divisions and litigation funding division. Initially these will include: - Assist in the development of Workflows and Processes throughout the business.
- Developing and systematizing current operating processes to operate at scale, for example:
o Automating customer loan pay-outs.
o Integrating the accounting system into Saleforce.
o Automating our collections process. - Optimising and getting involved the operational processes of credit approval, deal execution, loan management and collections.
- Fund raising, both for the operating divisions and for the litigation fund.
- Strategic involvement in developing out the business.
- Developing out the business intelligence functions of the business.
Qualifications - CA (SA) or CIMA.
- 3+ years experience.
Experience and Knowledge - Experience in co-ordinating monthly & quarterly management reporting.
- Financial and operational management experience.
- Ability to engage and report to executives.
- Experience in drafting management and Statutory reporting (Annual Financial Statements, Regulatory returns etc.).
- Experience in the development and enhancement of current business processes.
- Financial services experience will be beneficial, but not essential.
- Financial modelling skills.
- Xero or equivalent accounting package experience will be beneficial.
- Microsoft Office with Intermediate Excel
Characteristics - Analytical and process driven.
- Clever, energetic, hard-working, willing to get involved in all aspects of the business, from positing journal entries to stakeholder engagement and fund raising.
- Ability to prioritize work deliverables, think and move quickly in a dynamic and fast paced environment in order to meet multiple, tight and highly pressurized deadlines.
- Want to get involved and take ownership of the finance function of the business.
- Willingness to learn technical skills.
- Strong attention to detail, quality and deadline driven.
- Self-starter.
- Enjoys working in a dynamic, evolving environment.
- Takes initiative.
- Good communicator.
- Works well in a team.
- Commercial and Financial Acumen.
- Planning and Organising.
- Time and self management.
Desired Skills:
- excellent communication both written and verbal
- commercial and financial acument
- planning and organising
- attention to detail
- quality and deadline driven
- technical skills
- deadline driven
- CIMA
- Financial reporting
- Balance Sheet Analysis
- Financial Accounting
- Balance Sheet Management
Desired Qualification Level:
- Degree
About The Employer:
Leading Capital Provider operated through two divisions:
1. Litigation Funding Division
2. Asset Factory Division
Employer & Job Benefits:
- Medical Aid
- Provident Fund
- Incentive Bonus