Financial Operations Manager

2 weeks ago


Johannesburg, Gauteng, South Africa Milford Blake Executive Search Full time
Job Summary

We are seeking an experienced Financial Operations Manager to lead our secured lending operations. This role is responsible for providing strategic decision support, developing accounting strategies, and ensuring compliance with IFRS requirements.

Main Responsibilities
  • Strategic Decision Support:
    • Develop credibility with management to provide value-added insights and support consistent decision-making.
    • Enable improved decision-making and identify corrective actions through analysis of actual results.
    • Evaluate secured lending performance and conduct post-implementation reviews.
  • Accounting Strategy and Compliance:
    • Develop and implement accounting strategies.
    • Analyze IFRS and Group strategies to assess their impact on the business.
    • Evaluate the accounting impact of new products, services, and contracts.
    • Identify finance operational activities affecting Group accounting and determine relevant IFRS guidance and benchmarks.
  • Audit Management:
    • Prepare and agree on the annual audit schedule with business units and external auditors.
    • Define audit objectives, deliverables, and timelines in accordance with IFRS requirements.
    • Schedule and coordinate the audit process, ensuring timely completion.
    • Compile documentation, manage follow-up actions, and ensure audit findings are addressed within the allocated time frame.
  • Statutory Compliance:
    • Identify and interpret statutory requirements, guidelines, and IFRS.
    • Manage and review changes or amendments to ensure compliance with IFRS.
    • Monitor compliance to achieve statutory requirements within the allocated time frame.
  • Financial Management and Reporting:
    • Oversee the record-to-report process and develop accounting policies and operational procedures.
    • Manage balance sheet accounts and inter-company processes.
    • Support FP&A with the budgeting process.
    • Help oversee treasury and cash management, foreign currency management, and cash flow forecasting.
    • Review and approve purchase requisitions/orders in line with Fraxion approval limits.
    • Ensure business decisions adhere to the governance framework.
    • Establish and manage a strategic working capital function.
    • Monitor and manage operating expenses within budget guidelines.


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