Head of Finance

Package

Remuneration and benefits will be commensurate with the seniority of the role and in compliance with company remuneration policy and practice

Main Purpose of Position:

Reporting to the Managing Director, the Head of Finance coordinates the provision of effective

financial support services within the business, in compliance with legislation and Company

policies and procedures.

Responsibilities:

1. Ensure business compliance with Company Financial policies in respect of budget processes.

• Preparation and timeous submission of the Country’s annual budget for the Regional Office approval, conforming to defined budget guidelines and principles.
• Maintenance of expenditure within approved levels by ensuring compliance with budgetary control procedures.

2. Ensure business compliance with Company accounting and administrative practices, in conformance with legislation and generally accepted accounting practice.

• Timeous and accurate processing of decentralized accounting transactions on the G4S ERP system, maintaining accurate and detailed records with supporting source documentation.
• Management of the Accounts Receivable function, implementing effective credit control measures to ensure that cash flow is maximized.
• Preparation and timeous submission of accurate forecasts of monthly results, facilitating implementation of proactive measures to obviate unacceptable outcomes.
• Analysis and evaluation of monthly accounts, reviewing actual performance against budget, identifying trends and highlighting variances, providing accurate management information to the Managing Director.
• Implementation of cost saving initiatives
• Effective coordination of litigation, insurance and other claims.
• Oversee the continuous improvement of accounting and financial processes and the development of the team with the goal to achieve best practices and optimal output.
• Develop and oversee accounting policies and procedures to meet both current and future business models.
• Oversee the external audit, review and analyze results and recommend for approval the audited financial statements.
• Prepare the financial annual report.
• Ensure compliance with all internal policies and relevant regulations and ensure filings are completed in a timely manner.
• Develop and oversee the internal review function to ensure that finance and operations controls and policies are complied with in the provincial and field offices.
• Ensure effective follow up processes are in place.
• Preparation and timeous submission of accurate forecasts of monthly results, facilitating implementation of proactive measures to obviate unacceptable outcomes.
• Analysis and evaluation of monthly accounts, reviewing actual performance against budget, identifying trends and highlighting variances, providing accurate management information to the Managing Director;
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• Effective coordination of litigation, insurance and other claims.

3. Development of the business’ Finance department personnel through effective management of subordinate personnel in terms of: Performance Management, Skills Development and Career path planning

4. Participate in the design/ development/ review/ implementation and monitoring of the branch/region/national safety plans for each year.

Cash and Risk management

• Manage ongoing banking relationships for maximum efficiency.
• Oversee the cash management function, including banking relationships
• Develop cash flow forecasting and maintain a long term cash forecast.
• Responsible for the management of insurance and risk management program.
• Oversee the annual insurance renewal process and ensure appropriate coverage is maintained at all times.
• Ensure appropriate legal review of contracts and solicit external legal advice as required. Review finance of preferred vendors.

Leadership

• Ensure the team delivers highest standard of departmental, cross departmental and cross company teamwork and customer service.
• Ensure optimal deployment of resources to achieve business goals.
• Develop finance and accounting team goals that are fully aligned with the company goals.
• Lead and coach the team, recruit and retain high caliber staff.

Management reporting

• Provide ongoing financial modeling and analysis expertise to business partners.
• Lead the financial modeling and analysis to support the development of long term strategic initiatives and business plans.
• Responsible for financial management reporting
• Present monthly and year-to-date financials with accompanying analysis of results.
• Develop regular reporting and analysis, including key performance indicators reports, and conduct ad hoc financial analysis as required.
• Ensure financial management reporting tolls and processes are in place to support the ongoing and future needs of the business.
• Develop and prepare a monthly management reporting package.
• Year end financial statement, monthly, quarterly and annual returns.
• Submission of reports as per requirement, accurate and timely.

The ideal candidate

• Relevant B degree in Financial Management or Accounting (postgraduate degree highly advantageous)
• Qualified Chartered Accountant
• Minimum 7 years’ experience as Accountant
• Accounting and auditing skills
• Leading People
• Managing Professionally
• Managing Conflict
• Communication (Written and Verbal)
• Computer literacy