Finance Manager

My client based in Durban is currently looking for a Finance Manager Reporting / Treasury to join them on a permanent basis

IT / Finance

Responsibilities

• The Finance Manager has an active role in financial reporting, Treasury Management and decision-making
• The role is highly technical and analytical and must be able to interpret and forecast financial and non-financial information to enable all financial and compliance reporting and treasury management
• Responsible for assisting with setting up funding requirements, ensuring compliance with funding agreements and for analysing various data from company performance to determine areas for improvement
• Supports management by providing high-quality analysis, information, forecasting and reporting to enable informed decision making that will have a direct impact on the company's financial performance (i.e., the role's primary goal is increasing profits of the company)
• Challenge the business to make improvements, e.g. streamlining expenditure and/or cashflows, to maximise profit and improve financial performance
• Support new business development through the preparation of financial models, budgets and forecasts and provide financial input into new funding negotiations
• Direct responsibility of the full finance and accounting functions and supports non finance functions such as operations, marketing and sales
• Accountable for preparing insightful reporting and analysis to support management decision making, and identify significant trends/issues, e.g. monitor performance against, budgets and forecast and covenants
• Responsible for providing finance business partner support to divisional managers, operations, and executive management, influencing behaviours and performance through insights and understanding of key drivers, macro-assumptions and trends
• Responsible for reporting and analysis of covenants - identifying and flagging issues to executive management, proposing corrective actions and monitoring outcomes
• Accountable for leading and improving the budgeting, annual and monthly management reporting
• Responsible for managing ongoing forecasting and preparation of data for finance review to ensure regulatory compliance and shareholder decision making
• Accountable for leading and improving the reporting processes through system development, automation and analysis in order to provide real time data to enable decision making
• Assist in modelling and scenario testing for new funding opportunities
• Accountable for developing and improving accounting & control processes to ensure that results are reported appropriately and on a timely basis
• Responsible for preparation of monthly business performance management and quarterly board reports, ensuring accurate and timely delivery of information
• Gathers and understands financial and non-financial (i.e. technical) information to develop complete knowledge of the business and the environment in which it operates
• Provides expert advice that will add value to the business
• Identify and partner with divisional managers to develop strategic relationships which create opportunities, improve performance, and solve business problems
• Prepare and present business plans and advise on the actions to implement these plans
• Prepares financial statements, corporate financial and integrated reports (e.g. board packs) for stakeholders using appropriate technology
• Leads effective decision making through analysing, evaluating and communicating performance and position of the business
• Prepares financial statements for the Group using appropriate technologies.
• Monitors, critically evaluates, and advises on the relevant accounting standards, regulations, conceptual and financial reporting frameworks
• Links developments in industry and the economic environment to required improvements in the financial and risk management of an organisation
• Communicates and advises on the impact on financial decision making on current developments in financial reporting, regulation, governance and ethics
• Evaluates organisational structures and governance to protect the long-term interests of stakeholders
• Recommends appropriate strategies to ensure adherence to governance structures and application of best practice internal controls
• Identifies and manages risk appropriately. Monitors and applies relevant legislation, policies and procedures
• Consults on the design and use of current and emerging technology and information systems to improve strategic decision-making and organisational performance
• Applies business acumen and commercial awareness to deliver business objectives
• Evaluates, justifies and implements suitable strategic options
• Adopts and applies innovative methods to implement strategy and manages change
  
  

Experience

• CA (SA)
• Technical / business qualification
• 8+ years post-graduation experience with demonstrated experience in an industry relevant senior role
• Experience in all aspects of finance function (with particular focus on Treasury management and reporting), commercial models/mechanisms, systems development and data analysis
• In the South African petroleum industry
• Good knowledge of fuel oil/petrochemical supply and trading and oil industry economics
• Exposure to any large reporting system e.g. SAP or SYSPRO, Microsoft Office Suite, Advanced excel, Data query logic and systems development, weighbridge and procurement applications
  
  

Competencies

• The incumbent should have a pro-active and collaborative approach, along with excellent communication and interpersonal skills to be able to liaise with and influence colleagues and external stakeholders at all levels
• Strong analytical, numeracy and modelling skills are essential, along with a highly developed cash management / Treasury awareness
• Must be able to drive system development and automation to improve accessibility to reporting models
• Individual must be able to work under pressure and to deadlines
• Must display strong leadership skills, and an ability to effectively work within and influence a multidisciplinary team
• Think strategically, be open to new ideas, manage innovation, challenge assumptions
• Must have excellent financial, financial management and legal / commercial / finance
• understanding of funding agreements
  
  

If you are ready for the next exciting step in your career, and would like to apply, please send us your updated CV to [Email Address Removed] for review

Desired Skills

• Financial Reporting Management
• Working Capital Management
• Accounting management
• Treasury
• Financial reporting
• Budget Process
• Finance management
• Monthly Accounting
• Financial Accounting
• Variance Analysis