Role Purpose
– Responsible to the Group CEO for the full finance function.
– Group Consolidation AFS and Group Audit
– Own the Financial Planning and Analysis within the company, which
includes:
– Monthly Management Reporting including EXCO presentations
and variance analysis against Prior Month, Forecast, Budget
– Quarterly Board pack preparation
– Quarterly Forecasts
– Annual Budget
– Present Company and Group financial statements to the Group and
Divisional Heads
– Engagement with divisional executives and senior leaders on the
financial reports as well as key operational metrics and your insights
– Reporting Systems and Tools
– Internal Costing Models and Divisional FP&A
– Improving reporting processes and efficiency within the team (Both
Financial and across the broader budget owner base)
– Own the Internal Control environment
You will be backed up by the experienced financial manager who manages the 5
person finance team, The Financial Manager:
– Prepares the monthly GL to Balance Sheet
– Owns the General Ledger, Payroll and ERP
– Is responsible for the Company Audit
Description
? Perform the finance business partner function and
? Take responsibility for activity based business unit financial reporting
? Implement standard costs and/or activity based costing for specific
areas/functions within the company divisions, specifically focussed
on Cost to serve and Cost to acquire
? Monitor, measure and report back on initiatives to reduce cost to
serve/acquire
? Calculate total cost of ownership for IT infrastructure and work with the
head of Infrastructure on long term budgets, capacity plans and critical
constraints
? Active involvement in the activity based costing improvement and
deeper analysis, identify cost drivers, engaging and supporting the
business units
? Group consolidation and Audit
? Plan, Develop and implement a 2 year plan and vision for the Finance function
including consultation with key stakeholders
? Monitor, Manage and report the FP&A’s operational performance against
agreed upon standards and deadlines.
? Working with Adaptive Insights
? Manage the process to calculate cost allocation related Journal processing at
month end and ad hoc journals as necessary
? Manage process to allocate costs to Internal Business units
? Review and Manage the preparation of monthly management reports for the
divisions as well as the company, performing variance analysis and providing
commentary
? Overall Responsibility for the group external audit
? Write the finance section of the Board Pack
? Solvency and liquidity testing
? IT Infrastructure Budgeting and costings
? Ad hoc Duties include:
? Annual Insurance
? BEE Certificate
? HR Statutory Support (EE, Skills Development)
? External Stakeholder management
? Mercantile Bank Operational Relationship
? Payspace – Escalation Point
? Ability (ERP) Executive relationship
? PO and expense approval
Qualifications and Experience
? CA(SA) 8 to 10 years experience
? SAAS (Software As A Service) Experience (Alternately recurring revenue
subscriber business models, banking or Insurance) with strong systems
knowledge
Desired Skills:
- CA(SA) 8 to 10 years experience
- SAAS (Software As A Service) Experience
- Alternately recurring revenue subscriber business models
- banking or Insurance
- Articulate and great communication skills
- Service delivery orientated
- Takes pride in his / her output
- Ability to operate under pressure and meet tight deadlines
- Good understanding of process and cost drivers
- Strong written communication ability
- Financial Leadership
- Internal control and finance function responsibility
- Reporting tools
- PowerBi and data analytics exposure
- Proactive and self-motivated
- Proven Leadership Ability