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Head Of Finance

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Position: Head Finance
Department: Finance
Location: Cape Town

Job Description:
Reporting to the CFO, the Head of Finance leads all day-to-day accounting operations, with functional
Responsibility for accounting, accounts payable, reporting and finance administration. Responsibilities also
Include production of financial reports; proper maintenance of accounting records; accurate processing of
Financial transactions; and administration of a comprehensive set of controls and budgets designed to
Mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure that reported
Results comply with generally accepted accounting principles (GAAP), and audit management.

Management Responsibilities:

  • Provide management to finance and accounting areas of the organization.
  • Provide useful financial insights to help make better decisions about formulating and executing finance strategy, and provide guidance and analysis to executive and operational management to improve results.
  • Maintain system of accounts and keep books and records on all transactions and assets.
  • Prepare and analyse accurate monthly financial and management reports, including income statement, balance sheet, budget and variance, projections and forecast, and cash flow.
  • Maintain control of the following areas: general ledger, accounts payable, expense reports, billing, and payroll.
  • Prepare a variety of ad hoc financial scenarios as requested.

Transactional Responsibilities:

  • Ensure that all financial transactions are processed accurately, in a timely manner, and in accordance with generally accepted accounting principles.
  • Develop, implement, and maintain processes and controls that are current best practices related to transaction processing.
  • Manage, oversee, process (as appropriate), and act as backup for processing all of the following transactions: payroll, accounts payable, revenue and expense, fixed assets, cash, bank reconciliations, and allocations.
  • Perform month-end closing procedures, including overhead allocations, account reconciliations, and updating schedules.
  • Maintain an orderly accounting filing system.

Reporting Responsibilities:

  • Assist in issuing timely, accurate, and complete financial statements for all levels, including Board of

Directors, executive, and management.

  • Assist in coordinating the preparation of the draft audited financial statements and all tax returns.
  • Coordinate the preparation of financial information in the corporate annual report.
  • Calculate and issue financial and operating metrics.
  • Assist in production of cash flow reports, annual budget, and forecasts.
  • Calculate variances from the budget and report significant issues to management.
  • Provide for a system of management cost reports.
  • Provide financial analyses and models as needed, in particular for capital investments, pricing decisions, and contract negotiations.

Compliance Responsibilities:

  • Prepare and assist with developing audit schedules for the annual audit.
  • Suggest improvements in processes to increase organizational effectiveness.

Recommended knowledge and skills:

  • CA (SA)
  • Minimum number of 5 years post qualification experience, with at least 3 years in a senior finance role.
  • Demonstrated experience in a finance steam within the private sector (JSE exposure).
  • Demonstrated understanding of finance policies, principles and trends.
  • IFRS knowledge and a familiarity with asset accounting requirements.
  • Proven relationship management experience, including the ability to establish and maintain effective working relationships across all levels of an organisation and externally.
  • Previous experience of FMIS systems.
  • Demonstrated experience in managing and motivating a high performing financial team, with the ability to coach and develop direct reports.
  • Extensive experience in managing the preparation of monthly and annual financial statements in line with reporting requirements.
  • Leadership experience that is able to inspire and engage others.

Competencies:

  • Proven relationship management experience, including the ability to establish and maintain effective working relationships across all levels of an organisation and externally.
  • Proven financial management and advisory skills.
  • Ability to engage, inspire and influence people excellent computer proficiency in the Microsoft Office suite of applications, particularly Microsoft Excel.
  • Excellent written and oral communication skills, with experience in preparing reports.