Cape Town - Objective The Senior Provincial Finance Manager is responsible to work in close collaboration with the Provincial Managing Director and Executive Director : Financial Operations to ensure the financial sustainability of the Province.
In order to do so, the Senior Provincial Finance Manager will be held accountable for the following practices and processes : Financial Budgeting and Forecasting Operational Financial Management General Accounting and Transactional Financial Oversight Financial Reporting Financial and Business Decision Making Auditing and Financial Governance (internal, external and donor) Cash flow Management People Leadership Key result areas Values, attitudes and behavior All Party employees are expected to live (manifest through behavior) the 8 pillars values.
See attached) No employee of the Party may ever involve him or herself in the internal politics of the Party on his or her own behalf or on behalf of any other person or faction of the Party, but must serve the Party organisation in a professional and nonpartisan fashion.
s Identify trends in variances over time Recommend and advise on budget revisions to the Provincial Managing Director Submit Divisional budget to Group for review and consolidation Operational Financial Management Continuously liaise with the Provincial Managing Director on the divisional and group strategy and plans to align the financial plans, priorities and processes Formulate and implement the Provinces financial plans, priorities and processes Manage and reconcile Petty Cash Process Salary Payments and Journals Check and oversee HR (payroll) related cost allocation, travel claims, and expenditure Monitor asset value, utilization and ensure that the Asset Register is up to date Manage and oversee the end-to-end invoicing and payment cycle Conduct effective Balance Sheet Management Financial data, information and interpretation as input to Business Cases Engage in financial planning activities to minimize financial risk on projects Support Managers to draw up initial budgets for the respective areas of responsibility Reconcile actual vs budget, and advise on potential risks and issues Support with requests for funding as well as initiatives to secure alternative funding General Accounting and Transactional Financial Oversight Ensure that management account data are accurately presented in the financial system Oversee all project and divisional financial transactions and ensure compliance to general accounting principles and standards Ensure timeous payments of supplier accounts and payroll transactions when function decentralized Monitor and reconcile bank accounts Manage funder debtors within acceptable debtor days (60 days) Ensure positive cash balance is maintained by grant and in the division as a whole.
Monitor Fixed Assets and ensure the integrity and accuracy of the Asset Register Financial Reporting Confirm the financial reporting requirements with the Provincial Managing Director Identify key financial indicators for Provincial Financial Performance reporting Manage and ensure that proper reporting mechanisms are in place to conduct financial reporting Collate financial data for monthly reporting, clarify variances, and model solutions to address financial variances Conduct funder reporting in line with funder unique requirements Ensure that Regional and Constituency Financial Reports are Reasonable, Complete, Allowable and Allocable Financial and Business Decision Making Confirm the decision making authorities pertaining to the role Ensure an in-depth understanding of the key business priorities to be able to successfully prioritize and drive the relevant decision making Liaise with the Provincial Managing Director and manage all procurement processes Display an in-depth understanding of the relevant cost and financial value drivers of the Division to be able to identify saving opportunities Monitor and report back on savings realized Conduct rigorous monitoring and management of assets Participate in Business Case reviews to ensure the financial integrity thereof Auditing and Financial Governance Ensure that the appropriate financial governance structures are in place and properly communicated to all stakeholders Monitor adherence to internal financial parameters, and external legislative and governance requirements Regularly liaise with the Senior Leadership on corporate governance, provide advice and contribute toward the alignment to the relevant legislation and regulations Provide proactive financial advice, insight, commentary and input to the Provincial Managing Director to manage and mitigate financial and as such, business risk Ensure audit readiness Coordinate the audit process Review reasonability for all statutory Taxes for compliance (specifically VAT) Manage and coordinate Audits and provide Audit Feedback Manage requests for Group Audits and provide necessary feedback.
Cashflow Management Conduct Provincial, Regional and Constituency cashflow planning Proactively manage Provincial, Regional and Constituency cashflow and monitor cashflow risks monthly (actual vs forecast) Advise the Provincial Managing Director on proactive mitigations to put in place to manage risk Minimize losses that may arise from financial transactions and business operations undertaken by the division Monitor and track foreign exchange gains and losses to minimize an adverse foreign exchange effect People Leadership Ensure that employees have clear understanding of work / role descriptions, targets and goals to perform their functions, and that client needs and requirements are integrated into all work related practices Ensure that employees have the right resources, skills, tools, equipment, and information to successfully execute on their responsibilities Effectively manage employee performance and create opportunities for personal growth and development Proactively align future talent needs through effective succession planning and capacity building initiatives (i.
e. training, mentorship, coaching etc.), and advise employees on career opportunities and the requirements to achieve personal growth Qualification / Professional Membership Financial related degree with professional qualification, CA, CCMA etc (NQF Level 7) Business Degree / Diploma Advantageous Experience Minimum of seven years’ experience in a financial environment with atleast three at management level Attributes Ethical Governance and control Results driven Operational execution Stakeholder orientation Mathematical skills Analytical thinking Attention to detail Analytical ability Results Orientation General To assist the Provincial Managing Director in any activity as may be required from time to time.
All staff members of the DA are expected to participate in the Party’s campaigns and elections and to perform such duties as may reasonably be required of them in this regard Company Description We are currently recruiting for a Senior Provincial Financial Manager for our client that is based in the CBD area.
The ideal candidate must have a minimum of 7 years experience in the Financial environment and 3 years in a managerial role with a financial related qualification