Lead Financial Operations Manager
5 days ago
We are seeking an exceptional Financial Reporting and Governance Expert to join our team at Isilumko Staffing. This role offers a unique opportunity to oversee the financial operations of our South African and Mozambican subsidiaries, as well as our Commercial Office entity with its branches.
The successful candidate will be responsible for:
- Oversight of preparation of monthly management accounts for subsidiaries
- Preparation of Quarterly returns for Stats SA
- Interaction with auditors
- Preparation of Annual Financial Statements
- Annual budget preparation
- Oversight of taxation matters, including income tax, provisional tax, VAT, etc.
- Accounting for projects relating to subsidiaries
- Creditors management
- Insurance for subsidiaries
- Reporting results into Group reporting software (Tagetik)
In addition, the selected individual will provide support to the Group Financial Manager in executing their duties, focusing on all areas of group financial management. The role also involves collaborating with the Treasury Specialist in managing the administration of passenger bookings for approximately 150,000 passengers, with a value range of R800 million to R900 million.
This includes:
- Interaction with bankers
- Receipting cash
- Cancelling underpaid bookings
- Refunding overpayments
- Flights & Hotels
- Reconciliations relating to these processes
- Formalizing, improving, and enhancing related processes
The ideal candidate will possess strong analytical and problem-solving skills, with excellent communication and interpersonal abilities. They should have the capacity to work independently and as part of a team, demonstrating adaptability and flexibility in a fast-paced environment.
Key Responsibilities:
- Oversee preparation of monthly management accounts for subsidiaries
- Completion of financial audit
- Completion of BEE audits
- Preparation of Annual Financial Statements
- Annual budget preparation
- Preparation of tax returns, including income tax, PAYE, and VAT
- Updating insurance requirements for subsidiaries
- Accounting for new projects, including infrastructure projects
Support Treasury Function:
- Formalize, improve, and enhance business processes impacting treasury
- Process redesign as required
- Documentation of existing and new treasury processes
Key Performance Indicators (KPIs):
- Accurate and timely completion of financial reports and statements
- Effective management of financial operations, ensuring compliance with regulations and policies
- Strong collaboration and communication with stakeholders, including auditors and treasury teams
- Identification and implementation of process improvements, resulting in increased efficiency and productivity
Salary Range: R1,200,000 - R1,500,000 per annum, depending on experience. The estimated salary is based on industry standards and the required qualifications and experience for this role.
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