FInancial Manager

3 days ago


Kenilworth Cape Town South Africa Melomed Hospital Group Full time R500 000 - R1 500 000 per year
Financial Manager

Qualifications:


•    Chartered Accountant – CA(SA)

Experience:


•    Minimum of 2 years post articles experience in a financial role

•    Served articles with a big four firm

•    Experience in the healthcare industry will be advantageous 

Competencies:


•    Leadership qualities and mentoring skills

•    In depth knowledge and practical application of International Financial Reporting Standards (IFRS)

•    Preparation of annual financial statements in compliance with IFRS

•    Knowledge of relevant financial legislation

•    Knowledge of financial modelling

•    Knowledge of and practical experience with taxation

•    Excellent attention to detail

•    Excellent communication skills

•    Excellent computer skills including advanced Excel skills

•    Experience in business intelligence reporting tools such as Microsoft BI/Tableau would be advantageous

•    Ability to work under pressure

Key Outputs:


•    Supervise and provide guidance to the accounting team within the Finance Department.

•    Review financial reports and accounting systems monthly to ensure the integrity and accuracy of financial data.

•    Prepare monthly management accounts and provide meaningful commentary thereon.

•    Oversee the preparation of consolidated annual financial statements, as well as separate financial statements for all entities within the Group.  

•    Conduct in-depth analysis and interpretation of financial information to identify trends, areas for improvement, and cost-saving opportunities.

•    Assist in preparing and compiling the annual budget, perform the relevant cost escalation analysis, and reviewing budgets before finalisation.

•    Analyse actual performance versus the budget and identify areas for improvement.

•    Implement and maintain a detailed monthly forecast model with a 5-year time horizon, incorporating income statements, balance sheets, and cash flow statements.

•    Perform scenario analysis on the forecast model to establish the impact on profitability and other key metrics over the forecast period.

•    Monitor the Groups cash flow, ensuring adequate resources are available to fund operations and meet commitments.

•    Manage the financial year-end process.

•    Prepare for the annual and interim external audits and facilitate the Client Assistance schedule requirements as requested by the external auditors.

•    Evaluate, monitor, implement and improve internal control systems to minimize risks to the company.

•    Investigate breaches of controls in conjunction with the Internal Auditor.

•    Review the payroll on a monthly basis prior to payment.

•    Manage the Group's tax compliance, submit tax returns and supporting documentation to SARS as requested.

•    Identify opportunities to achieve tax efficiencies and savings.

•    Liaise with SARS on tax queries, requests for information and outstanding issues.

•    Support the Chief Financial Officer with feasibilities, investigations, valuations, and analysis pertaining to the business and strategies.

•    Assist with the BEE verification process.

•    As an Authorised Signatory, review and approve supplier payments on a daily basis.

•    Support the business in implementing new IT systems for financial reporting, procurement, etc.

•    Prepare a quarterly business intelligence reporting pack for Executive Management.



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