financial manager

JOB TITLE

Join Our Team at IIE Rosebank College

The Independent Institute of Education, Rosebank College, is part of the ADvTECH Group, Africa's leading private education provider. From our humble beginning in 1909, Rosebank College has grown to a student population of more than 30,000 students nationwide.

As we continue to expand and innovate, we invite passionate professionals to become part of our dynamic team. If you are driven by the desire to make a meaningful difference in students' lives and wish to contribute to an institution that values academic excellence, connection, and student success, we would love to hear from you.

Join us on our journey of shaping futures

Job Purpose:

To oversee and maintain the financial wellbeing of the brand, by completing monthly results, collection of debts, cost saving, strategic planning, expansion and achieving targets/budgets

Duties & Responsibilities:

Financial Management & Reporting

• Develop and implement an effective financial reporting and cash flow management plan to support the achievement of the brand's strategic objectives.
• Support strategic business decisions through financial modelling, scenario analysis and business cases.
• Provide insights on cost optimisation and financial risks.
• Advise senior management on the financial implications of operational plans.
• Monitor and report on cash flow weekly, ensuring that liquidity requirements are met and variances are addressed timeously.
• Oversee the preparation of monthly management accounts for the brand, ensuring accuracy, completeness, and compliance with head office reporting requirements and prescribed formats.
• Ensure all financial reports are correctly compiled and submitted on a monthly and ad-hoc basis, providing accurate and reliable information to support decision-making.
• Analyse, interpret and present financial information to identify trends, risks, and opportunities impacting the brand's financial performance.
• Ensure that annual financial statements are prepared in accordance with applicable regulatory and reporting standards.

Budgeting & Forecasting

• Lead the annual budgeting process in alignment with the organisation's strategic goals, ensuring full coordination and input from all departments.
• Develop and maintain rolling forecasts and financial models to support strategic planning and decision-making.
• Monitor budget performance on an ongoing basis and provide clear explanations of variances to management.
• Analyse and investigate variances between actual and budgeted results, recommending and implementing corrective actions where necessary.
• Track, review, and monitor departmental budgets regularly, providing managers with timely, accurate, and relevant information regarding over- or under-spending to support effective financial control

Internal and External Controls

• Ensure that adequate policies, procedures, and controls are in place to mitigate risks, prevent fraud, and maintain compliance with legislative, regulatory, and good-governance requirements and standards.
• Schedule and coordinate internal and external audit timetables, ensuring readiness and timely participation from all relevant stakeholders.
• Provide required information, documentation, and support to auditors, facilitating an efficient and transparent audit process.
• Engage with internal and external auditors during the audit, addressing queries and clarifying financial and operational matters as needed.
• Review and analyse audit reports, ensuring a clear understanding of findings, agreeing on corrective actions, and resolving any discrepancies.
• Monitor and track compliance with audit recommendations, ensuring that agreed actions are implemented within the required timeframes to strengthen controls and reduce risk exposure.

Staff Management

• Ensure that the Finance Department is appropriately structured and adequately resourced to deliver on the strategic and operational objectives of the organisation.
• Conduct performance appraisals in line with policy requirements, providing feedback, coaching, and development plans to drive high performance.
  
  Develop and submit recruitment specifications to HR, ensuring that vacancies are filled with suitably skilled and qualified candidates.
  
  Identify competency gaps and training needs within the team and ensure that relevant training and development initiatives are implemented.
• Develop and maintain succession plans to ensure continuity of critical finance functions and support long-term departmental stability.
  
  Conduct disciplinary hearings, when required, in accordance with the organisation's disciplinary and grievance procedures, ensuring fairness and compliance with labour regulations

Systems & Process Improvement

• Oversee financial systems, ensuring accuracy, robustness, and integration.
• Identify opportunities to automate and streamline finance processes.
• Ensure financial data integrity and support system upgrades or implementations

B-BBEE Compliance Responsibilities

• Oversee and manage the financial components of the organisation's B-BBEE strategy, ensuring alignment with legislation and the applicable sector codes.
• Ensure accurate collection, verification, and submission of all financial information required for annual B-BBEE audits, including procurement spend, skills development expenditure, enterprise and supplier development (ESD) contributions, and socio-economic development (SED) spend.
• Monitor preferential procurement performance, ensuring suppliers are BEE-compliant and contribute positively to the organisation's procurement scorecard.
• Work closely with HR and other departments to track and validate expenditure relating to skills development and employment equity, ensuring accurate classification for BEE purposes.
• Prepare supporting schedules, reconciliations, and evidence files for BEE verification and ensure timely submission to the rating agency.
• Analyse and report on BEE performance (monthly, quarterly, and annually), identifying gaps and recommending interventions to improve the organisation's BEE score.
• Ensure that internal controls, processes and documentation standards support BEE compliance, including supplier onboarding processes and record-keeping frameworks.
• Collaborate with external BEE consultants or verification agencies during assessments, providing data, responding to queries, and ensuring audit readiness.
• Support strategic decision-making by evaluating the financial implications of BEE initiatives and advising on cost-effective ways to sustain or improve the organisation's rating.

Minimum Requirements:

Qualifications

BCom Finance CTA & Articles (Minimum)

CA (Ideal)

Experience

5 years experience in Financial Management

5 Years experience in in a financial setting

5 years experience in Leadership

Key Competencies:

• Operational skills
• Analytical skills/Financial skills
• Proactive (active) skills
• Interpersonal skills
• Integrity and ethical conduct
• Decision-making
• Stakeholder management
• Time management
• Risk awareness

Salary:

Market related.

Rosebank College is an equal opportunities employer; however, EE and South African candidates will be preferred.