Head: Finance Unit

2 weeks ago

Johannesburg, Gauteng, South Africa IT Ridge Technologies Full time

The key purpose of this role is the day-to-day management of the Finance department to ensure efficient running of the unit and accurate reporting of accounts

KEY ACCOUNTABILITIES, MEASURES & INTERFACES

Under the direct supervision of the Chief Financial Officer, the Head of Finance will be responsible for:

  • Develop, maintain and implement proper operational controls for financial efficiency
  • Ensure complete operational compliance with manuals and policies, Board and Management financial instructions and any applicable agreements/regulations
  • Update the policies timeously with the changes in the regulations and instructions from Board and Management
  • Ensure that proper books of accounts of the group are kept
  • Manage monthly closure of accounts and ensure compliance with company's accounting policy and procedure
  • Ensure that financial reports (including performance analysis and statutory returns) are timeously prepared for stakeholders such as Board and Management, Prudential Authority, Financial Sector Conduct Authority, National Treasury, SARS and the DTIC
  • Prepare the Annual Financial Statements in accordance to IFRS and company's accounting policies
  • Ensure that cashflow projections are done on a weekly basis and that the corporate is liquid
  • Ensure that suppliers are paid on time and in compliant with the Treasury Regulations
  • Ensure collection of income from customers
  • Ensure that all standing instructions requiring any input control or action by the finance department are met and observed precisely and correctly at all times
  • Supervise the work performed by the finance team ensuring all items are timely and properly booked and trial balance is fully reconciled on a monthly basis
  • Manage relationship with internal and external stakeholders
  • Prepare the Corporate strategic budget and quarterly forecasts and proactively assist in the management of the annual budgeting process
  • Coordinate with internal and external auditors
  • Ensure compliance with tax legislation
  • Responsible for the implementation of new accounting standards e.g. preparation of the implementation plan and related deliverables
  • Approval of purchase requisitions in line with the procurement policy.
  • Coordinate with the CFO on the best practice to manage financial resources
  • Keep the CFO fully informed at all times of any adverse or changed or unusual circumstances which may affect the corporation's financial position

QUALIFICATIONS & EXPERIENCE

  • Qualified as a CA with strong technical expertise
  • At least 5 year post article experience in a finance unit in a supervisory or management level.

Preference will be given to individuals from the financial and/or insurance industry:

  • Excellent knowledge of information technology advanced EXCEL, AX Microsoft Dynamics or similar accounting system

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