Lead: Budgeting and Reporting

**Job Purpose**:
The Lead: Budgeting and Reporting directly to reports to the Manager: Finance Management.

The incumbent of this role is responsible to manage, control and facilitate the management accounting and reporting requirements and processes of the Airline and coordinating with subsidiaries. This includes annual and monthly financial planning, financial management reporting forecasting and analysis on a monthly, quarterly and annual basis to all stakeholders.

Lastly, additional responsibilities in this role include Going Concern evaluation, valuations, transfer pricing, tender assessments and project evaluations.

**Principal Accountabilities**:

- Manage the implementation of the Financial Management’s strategy
- Recommends and standardises policies, processes and systems to support implementation of the strategy
- Drive profitability in area of responsibility and overall Financial Management
- Manage and control budget in area of responsibility and contribute to Financial Management budget management
- Ensure that all Financial Management initiatives result in an overall return in the capital invested/ benefits realisation
- Design recommendation reports within functional area of expertise in view of best practices and business strategy and submit to the Manager: Financial Management
- Provide a strategic interface by linking the Airline’s Strategy to Financial Management best practices and service delivery
- Optimise technology to enhance internal and external customer expectations
- Drive customer centricity within areas of control
- Manage the implementation of Governance and Risk Management policies, processes and systems
- Manage and monitor continuous optimisation programmes and initiatives for the Financial Management
- Manages projects to contribute to the optimisation of Finance
- Present at Monthly Shareholders Financial Review Meetings at National Treasury
- Determine customer needs and engage in effective planning to determine and prioritise services to be rendered
- Advise Business units on Financial Management practices
- Identify company stakeholders, collaborators and partners, synergistic to projects and programmes, to support the execution of the Corporate and Financial Management plan
- Manage customer expectations through maintaining appropriate communication channels, providing best practice input and ensuring satisfaction with service delivery
- Provide a high professional standard of Financial Management advice to the Organisation including finance and non-finance staff, providing detailed advice and guidance as appropriate
- Utilise feedback and trend analysis to ensure continuous improvement of practices associated with the business units
- Ensure that appropriate systems are implemented to conduct Financial Management reporting, trend analysis, forecasting, etc.
- Produce accurate and timely monthly reports including verified year-end forecast
- Incorporate reporting information into decision making processes to contribute to aligning the Finance strategy and plan to the requirements of the business
- Co-ordinate the production of accurate, timely and reliable financial information including monthly budget reports
- Share business performance metrics with key internal and external stakeholders to demonstrate the impact that change will bring to the bottom line
- Co-ordinate, plan and prepare the three-year budget and monthly rolling forecast processes for the Airline
- Build and maintain budgeting and forecasting policies and procedures
- Prepare and present the Airline’s Monthly Management Accounts
- Maintain and upgrade “Dashboard” indicators for valued added decision making.
- Ensure that the information in SAP R/3 CO, TM1, DB2 and Terradata is accurate and consistent to support efficient and effective route profitability analysis, cost centre variance analysis, passenger and flight statistical reporting, forecasting, budgeting and foreign currency exposure
- Ensure that cost allocation is valid accurate and complete, to ensure that correct route decisions are made
- Provide meaningful and useful business financial performance reports, incorporating Route Profitability Analysis, Cost Centre Variance Analysis and Area of Sales Analysis by country
- Manage the production of consolidated cost centre variance reports and Route Profitability Reports, continually improving the usefulness and user-friendliness of the output and meeting the information needs of the users
- Ad hoc reporting as and when required
- Prepare and ensure submission of going concern forecasts for financial year-end purposes
- Perform annual valuations of Airline subsidiaries
- Ensure that effective transfer pricing strategies between divisions and subsidiaries are maintained and executed
- Perform financial assessments on tenders in order to show riskiness
- Adhere to PFMA and Company Financial Policies and Procedures
- Assist with future financial resource modelling for the Organisation w