About the position
Introduction
JOB TITLE: Group Financial Executive
JOB GRADE: E3
DEPARTMENT: Central Finance
LOCATION: Midrand
PURPOSE STATEMENT
The incumbent will be responsible for the Groups Financial Reporting including financial planning, good financial governance and reporting. The successful candidate needs to account and report on a holding company and its subsidiaries, and associates.
Duties & Responsibilities
- Ensure the integrity of the General ledger for reporting - Control, maintenance & management.
- Ensure the integrity of Corporate and Group monthly management accounts, Group balance sheets, cash flows, budgets, and forecasts.
- Ensure all monthly International Financial Reporting Standards (IFRS) reporting requirements are met in terms of quality (accuracy, completeness) and timeliness.
- Implement a robust Group monthly reporting process and discipline.
- Play a leading role in partnering with divisional heads of finance and subsidiary finance leaders to manage major aspects of financial reporting
- Attend monthly financial reviews and budget (forecast) meetings.
- Be the Group IFRS advisor, develop and maintain appropriate accounting policies, processes, and internal control systems in terms of IFRS.
- Prepare and/or review Audit committee and Board financial pack submissions for the Board and Sub-Committee meetings, and ensure timely submission thereof (including budgets, interim and year-end packs).
- Ensure the integrity of the financial figures reported in SENS announcements.
- Assist the Group FD with preparing for investor roadshow and responding to analyst and investor queries.
- Providing financial data and information requested by management on a timely basis.
- Be the key contact for interim and year-end external audit and annual report preparation.
- Drive automation of applications, processes and controls in Group finance and related process enhancements.
- Ensure Group financial statements are prepared in compliance with IFRS for interim and annual reports.
- Ensure timely and accurate accounting for acquisitions and disposals, and Group reorganization, including Purchase Price Allocations.
- Provide input into Group Treasury for cashflow forecast, dividend memo and S&L submission.
- Key advisor and signatory of loan and facility legal agreements and secretarial related legal agreements.
- Prepare Cost of Capital calculations and check impairment calculations in line with IFRS requirements
- Ensure accurate and completeness of accounting and reporting of long-term incentive scheme, and compliance with IFRS
- Support the Group FD with Social & Ethics Working Group duties and responsibilities.
- Support the Group FD with responses to ensure timely submission of JSE and other financial regulatory submissions.
- Maintenance of Group Companies Limits of Authority.
- Provide input in the Integrated Reporting compilation process.
- Training - Internal (On the job for employees) and External (Skills upgrade & maintenance).
- Understudy for the Group Financial Director.
- Provide guidance and development opportunities to direct reports.
Desired Experience & Qualification
FORMAL EDUCATION
- A qualified CA (SA), with at least 10 year's post articles with Group Finance experience.
EXPERIENCE
- Advanced Excel skills.
- Finnivo or similar experience.
- Sage X3 or related proficiency essential.
- Broad understanding of all the different areas of finance.
- Results oriented and performance driven with a focus on excellence.
- Ability to pay attention to detail while maintaining oversight on broader finance.
- Good understanding of forecasting and budgeting techniques, internal and external reporting.
- Strong business understanding.
- Strong communication, negotiation and influencing skills.
- Strong relationship management and networking skills.
- Experience working in cross functional teams.
KNOWLEDGE, SKILLS AND ATTRIBUTES
- Specialist knowledge in Financial Reporting.
- Strong knowledge of IFRS (current and new standards).
- Knowledge of Integrated Reporting and Sustainability Reporting.
- Experience with JSE listing requirements.
- Strong analytical and strategic thinking skills with the ability to understand the flow of information and processes.
- Must be able to "connect the dots" in terms of bringing company strategy, Executive & Board decisions, Corporate Governance and legal and statutory requirements together
- High a creative approach to problem solving.
- Good influencing skills, she/he must be able to communicate and present to the management team, audit committee.
- Assertive, adaptable, and resilient team leader able to work with different personalities.
- Good work ethic, hands-on, meticulous, but also be able to step back and see the bigger strategic picture and deliver results on time.
- Ambitious, highly driven and motivated. An agent of change.
- The maturity to challenge ideas and balance opportunities and threats.
- Must have excellent organisational skills.
- Disciplined, pro-active and flexible.
- Flair for consolidations.
- Ability to lead a team.
