About this role
Our client is looking for Financial Manager: Financial Accounting, Controls & Management Reporting accountable for the integrity of the Company and Internal subsidiaries accounting records, month-end close processes, management reporting, fixed asset accounting, statutory and regulatory reports, Internal subsidiaries financial statement preparation, and their audit management. MAIN DUTIES AND RESPONSIBILITIES Financial Accounting and Control Review, approve and post business-as-usual (BAU) journals to the trial balance to ensure the accuracy, completeness and validity of accounting transactions. Monthly review the integrity of the company and Internal Subsidiaries’ general ledger and investigate unusual or suspense account balances. Review and approve accounting adjustments, corrections and reclassifications in compliance with the company accounting policies. Ensure compliance with internal controls, financial policies and systems and procedures. Provide technical accounting guidance to accountant and business stakeholders on transactional matters. Review of company and Internal Subsidiaries’ accounting activities and provide oversight on financial reporting issues requiring immediate attention. Support internal and external stakeholder queries relating to accounting records and financial transactions. Month-End Financial Close and Reporting Lead and coordinate the month-end close process to ensure timely and accurate completion of all accounting activities. Design internal controls which include required reconciliations and checklists to support the month-end close processes. Review trial balances and ensure the accuracy and completeness of financial records across the company Company and Internal Subsidiaries. Oversee the preparation and review of balance sheet reconciliations and ensure timely and accurate resolution of reconciling items. Analytical review of income statement and balance sheet movements and investigate significant variances. Ensure all accounting entries comply with IFRS, Company accounting policies and regulator requirements including the PFMA. Management Reporting Co-ordinate and review monthly management accounts and financial performance reports. Develop and present financial commentary, trend analysis and key business insights for management decision-making. Analyse actual performance against budgets, forecasts and prior periods and provide explanations for material variances. Identify emerging financial risks and opportunities and recommend corrective actions where required. Fixed Asset Management Oversee the maintenance, completeness and integrity of the fixed asset register. Monthly review of additions, disposals, transfers, impairments and depreciation calculations. Ensure compliance with IFRS, Company accounting policies and systems and procedures relating to capital expenditure and asset management. Coordinate and review periodic asset verification exercises and investigate discrepancies. Internal Subsidiary Financial Reporting and Governance Review monthly subsidiary trial balances and ensure compliance with the company reporting accounting policies. Monitor subsidiary governance compliance, including regulatory reporting requirements and financial oversight responsibilities. Review subsidiary management accounts and financial submissions for accuracy and completeness. Ensure group reporting packages are prepared accurately and within agreed timelines. Financial Controls and Compliance Monitor compliance with financial reporting policies, systems and procedures and implement corrective actions for identified deficiencies. Review financial reporting processes and recommend improvements to enhance efficiency and control effectiveness. Support audit issue remediation and track progress on the implementation of agreed management actions. Regulatory and Statutory Reporting Prepare and submit South African Reserve Bank (SARB) returns and regulatory reports withinprescribed deadlines. Prepare and coordinate submissions to the Department of Trade, Industry and Competition (dtic) and National Treasury. Ensure the accuracy, completeness and consistency of regulatory information submitted to external stakeholders through the implementation of adequate review procedures. Liaise with regulators and respond to information requests and reporting queries. Financial Performance and Governance Reporting Prepare quarterly financial performance reports for executive management, boards and governance committees. Present key financial trends, performance indicators and emerging risks. Assess compliance with governance and reporting requirements. Financial Review and Risk Management Conduct detailed reviews of financial performance and balance sheet integrity. Evaluate and review significant accounting estimates, provisions and judgements. Review compliance with accounting standards and regulatory developments impacting financial reporting. Internal Subsidiaries Audit Coordination Manage the annual external audit process for subsidiary entities and act as the primary finance liaison with auditors. Coordinate audit planning, information requests and audit deliverables. Resolve audit findings and accounting matters on a timely basis. Manage relationships with external auditors and facilitate the provision of audit information. Review audit findings and management letter points and coordinate management responses. Monitor the implementation of agreed audit action plans and report progress to management. Ensure subsidiary entities address audit observations and strengthen internal controls where required. Annual Financial Statements Lead the preparation and review of annual financial statements for subsidiary entities in accordance with applicable accounting standards and statutory requirements. Ensure all disclosures are complete, accurate and supported by appropriate evidence. Coordinate the annual financial statement review process and obtain required approvals. Financial Strategy and Continuous Improvement Participate in budgeting, forecasting and strategic planning processes. Identify opportunities to improve financial reporting systems, controls and processes. Lead initiatives to automate and streamline financial reporting activities. Drive the implementation of best practices in financial management, governance and reporting. Leadership and People Management Manage, mentor and develop accountants and CA trainees and build technical accounting capability within the team. Establish performance objectives and monitor achievement against agreed targets. Foster a culture of accountability, continuous improvement and sound financial governance. Ensure appropriate succession planning and skills development within the finance function. Develop and implement a training plan to build and develop skills within the team. Implement performance management measures for subordinates. Promote innovation within the team, including the adoption and effective application of AIenabled tools and solutions. Contribute actively to leading and guiding the team. Provide quality customer service to internal and external clients. QUALIFICATIONS: (Formal qualifications) Minimum Requirement: CA(SA) SELECTION CRITERIA (Formal qualifications, knowledge, type and length of experience and skills required to perform the job competently) Minimum of 8 - 10 years post-articles’ experience in a financial reporting role which includes the preparation of annual financial statements. Sound knowledge of IFRS 9 principles. Experience and knowledge in analysis and interpretation of budget performance and the preparation of management accounts. Experience from financial services/Lending/Banking would be advantageous. Experience with SAP system, including SAP Disclosure Management, would be an advantage. LEADERSHIP COMPETENCIES Leading & Supervising Resilience Decisiveness in Execution Teamwork Communication and Engagement Strategic Thinking Business Mindset TECHNICAL COMPTENCIES Financial Reporting and IFRS Expertise Group Consolidation and Financial Statement Preparation Financial Analysis and Business Insights Financial process automation and Continuous Improvement Artificial Intelligence (AI) literacy and data analytics Strategic Business Partnering Effective presentation and report delivery skills Diverse Stakeholder Management BEHAVIOURAL COMPETENCIES Deadline driven Good Communication Skills Good Interpersonal Skills Coping with Pressures and Setbacks Conflict resolution skills Negotiating and influencing Presentation Skills Decision Making Skills Interpersonal Skills