Head of Finance
7 months ago
As the Head of Operational Finance, reporting to Chief Executive Officer, you will be responsible for leading and managing the Operational Finance team for a group of companies. The role encompasses proving direction through financial planning and operationalizing the overall objectives for the company.
**_ Key responsibilities_**
- **_Financial Management and Planning _**
- Ensuring the management team is provided with accurate and relevant financial information and financial advice on a timely basis
- Responsible for the Group’s overall finance performance.
- In collaboration with the Management Team, ensure business unit financial objectives and controls are met.
- Preparing high quality financial reports for submission and approval.
- Providing clear and concise feedback on the financial performance of the Group.
- Ensuring that the Group is appropriately financially structured to ensure financial legal compliance and in a manner which will result in the Group earning the highest possible after-tax return, which is aligned to the financial goals and budget
- Ensure a balance between directing funds into strategic and longer-term investments and shorter-term decisions to generate cash flow
- Work to ensure consistent profitability at Group and business unit level.
- Responsible for the financial goals of the Group through preparation of budgets and reports.
- Ensure the financial goals and budgets are effectively shared, communicated and implemented to drive the achievement of the Groups financial targets and budgets
- Responsible for the implementation of management decisions and authorisations as mandated by the CEO.
- Remain up to date on new financial regulations and legislation, to guide and advise the Management Team.
- Management of the Group’s financial planning and cash flow.
- Responsible for the oversight of monthly financial reporting for all business units within the Group
- Review Annual Financial Statements (AFS) and ensure all AFS for the Group are timeously approved by the CEO and signed off.
- Management and oversight of the preparation and execution of the annual audits
- Ensure that the annual external audit does not result in the relevant auditors identifying material breakdowns in financial controls or errors in financial record
- keeping.
- Responsible for regular reports and feedback to management on the performance of the group in line with agreed timelines.
- Monitors financial performance by measuring and analysing results, initiating corrective actions, and minimizing the impact of variances
- **_Equity and Investments _**
- Strategy and high-level responsibility for group investment strategy, budgeting, and reporting
- Source and secure financing capital for the execution of investment portfolios
- Manage the process of acquiring key investments identified and structure acquisition of investments agreements.
- Evaluate new projects financial feasibility and alignment to business objectives, ROI and obtain CEO approval before inception.
- Responsible for overseeing investment related expenses to ensure profitability and remaining within budget
- Lead underwriting and due diligence activities linked to investment portfolio
- **_Controls and Reporting_**
- Develop, monitoring and assess improvement processes, controls and new technologies and ensure that appropriate controls are implemented in the Group to minimize potential fraud and financial loss.
- Work in collation with management and business units regarding the implementation of the financial improvements and controls.
- In collaboration with the CEO, ensure that systems and processes are in place to facilitate compliance with relevant legal financial requirements.
- Develop and implement systems for tracking and reporting on Group financial performance.
- Oversee financial administration and reporting according to best practice, within given mandate and governance and according to best accounting principles
- Oversight of insurance policies for the group and negotiations with service providers
- **_Strategic Capability and Leadership_**
- Collaborate with the Management Team to design, plan, develop and implement business strategies to achieve the Group’s’ overall objectives.
- Develop business plans and action plans to implement business strategies, plans and procedures.
- Ensure alignment with short-term and long-term financial objectives developed in consultation with the CEO.
- Guide and consult the management team to ensure business units and group financial objectives are achieved
- Effectively manage the business financial change and transformation process in collaboration with the management team.
- Support business unit managers where required in analyzing, reviewing and feasibility of annual business plans.
- Planning, organizing, controlling and monitoring of financial resources with a view to achieve organizational goals and objectives
- Structure, implementation and maintenance of Financial Manageme
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