Operational Financial Manager Full-Time

To lead day-to-day management of the Corporate Finance Function. To provide a business focused financial management budgeting, reporting and business advice service to the organisation and to render a supporting function to the Executive: Group Finance.

Responsibilities:

To provide leadership and direction to Finance staff to ensure efficient use of human resources.

• To participate in the provision of effective human resource planning to achieve business goals;
• Actively mentors team members to help them progress in their careers;
• Ensures effective individual development plans are a by-product of the performance and succession management activities within the department;
• Develop finance and accounting team goals that are aligned with the business strategy;
• Development of finance capabilities through an effective performance management system and implementation of career development plans for corporate finance employees;
• Manages and oversees team performance through performance planning, coaching and performance appraisals;
• Provides on-going feedback to the team by providing them with information and tools they need to do their jobs well and meet stakeholder requirements;
• Deals effectively with performance issues, discipline as necessary and addresses poor work performance ensuring department targets are not compromised.

 Accountable for the delivery of operational excellence within the Financial Accounting function:

• Ensuring efficiency and effectiveness of the finance department from a strategic & operational view including design, implementation, and improvement of processes and procedures;
• Manage the financial functions and month end processes to ensure finance and operations controls and policies are being adhered to;
• Implements operational finance best practices, in line with the guidelines set by the clients Corporate office;
• Identify, report and manage any financial risks that might have an impact on the business;
• Debtors, Creditors and Cash Flow management;
• Maintain day-to-day banking relationships with funders;
• Manage the Annual Insurance renewal process;
• Provide accounting and financial information and responses to corporate finance and executive team;
• Responds to requests from the Executive: Group Finance to progress relevant audit issues/recommendations.

 Effectively ensure all financial reporting and year end audit requirements are met:

• Accurately complete the monthly reporting requirements prescribed including but not limited to Income statement, Balance sheet, Cash flow statement, supporting notes and additional monthly reporting requirements for the company to ensure that management reports are timeous and accurate and adhere to corporate requirement;
• To conduct financial analysis and preparation of detailed reports and statements for relevant stakeholders;
• Ensure financial management reporting processes are in place to support the on-going and future needs of the business;
• Ensure that all balance sheet reconciliations are accurate and produced on a timely basis;
• Responsible for the preparation of the annual financial statements to agreed time scales to comply with the requirements of IFRS and the Mozambique legal framework;
• Analyse financial information and reports to assess accuracy, completeness and conformance to reporting and procedural standards;
• Ensure compliance with all statutory requirements relating to financial control, financial management and accounting;
• Ensure appropriate external audit arrangements are in place and manage the audit process;
• Plan the year-end audit to ensure all information needed by the auditors is prepared and ready for audit;
• Providing ad hoc financial advice, support and reports as required by business;
• Ensure implementation and adherence to finance policies, procedures and systems across all teams.

 Responsible for the development, implementation and execution of a corporate treasury function:

• Responsible for the treasury function which includes daily cash flow forecast, forward cover requirements, issuing of Letters of credit, requesting guarantees;
• Cash flow forecast for capital projects;
• Develop and implement effective controls for the treasury function.

Oversee the accounting activities in the business units to ensure effective accounting systems, policies and procedures:

• Develop, implement and monitor SOP’s in the business in accordance with company requirements and accounting standards;
• Develops and executes processes to allow for routine and analytical reviews of the company’s financial and operational performance;
• Review all product costing, margin analysis and input into pricing decision making;
• Supervises, directs and reviews the work of the accounting teams, including but not limited to;
• Review and authorisation of all journals;
• Review balance sheet reconciliations on an ongoing basis;
• Makes and implements recommendations to improve accounting processes and procedures;
• Responsible for the reconciliation of income statement turnover and VAT turnover.

 Responsible for budget process of corporate functions to achieve service delivery excellence as well as responsibility to deliver a consolidated group budget:

• Responsible for preparation and coordinate the company annual budget and 5-year financial forecast process in collaboration with the Executive Team;
• Assists and actively contributes to the annual budget setting through consultation with the Executive Team;
• Responsible for the financial modelling and analysis processes to support the development of long-term strategic initiatives and business plans;
• Prepare and review detailed budgets for approval by management;
• Support the budget process and submit a consolidated budget to Corporate;
• Prepare the on-going update of the 5-year Financial forecast ensuring a firm financial foundation for longer term financial planning, and ensuring that this is in line with company strategy;
• Review of capital expenditure requests before they are submitted for approval.

 Ensure that management information is produced on a timely basis:

• Weekly profit forecast;
• Oversee monthly trial balance for the company, ensuring all costs are accounted for, allocations are correct and in line with budget;
• Preparation of monthly internal management reports;
• Analyse financial information and reports to assess accuracy, completeness and conformance to reporting and procedural standards;
• Provide KPI, gross profit, fixed and variable cost analysis;
• Review of actual vs. budget and provide input to Executive Team re profitability expectations and financial performance expectations, feed ideas re corrective actions where needed and margin improvement opportunities, including customers and product level profitability;
• Responding timeously to queries for financial and non-financial information from corporate finance;
• Providing ad hoc financial advice, support and reports as required by budget holders and category executive including financial input into new business development initiatives.

 Requirements: Qualification and Skill

• BCom Accounting or similar qualification essential + CIMA;
• CA(SA) preferable;
• At least 8 –  10 years’ related work experience at a senior level in a manufacturing/FMCG organisation;
• Well experienced in developing and improving business processes, as well as financial and performance management reports;
• Experience in establishing financial control and strategies;
• Experience in the preparation and finalisation of accounts in accordance with current regulations;
• Advanced level of excel knowledge.

 Benefits and Contractual information:

• Permanent Position;
• Market Related.