About the position
Red Ember Recruitment is seeking to hire a Financial Manager based at our client in Johannesburg.
You will play a critical role in overseeing the financial operations of the company. You will work closely with the senior management team, providing strategic financial guidance and ensuring financial health and stability. Foster collaboration and strong working relationships with internal stakeholders to support effective financial decision making.
Financial Planning and Analysis: Operational Discipline:
- Conduct comprehensive financial analysis, including variance analysis, trend analysis, and financial modelling, to support decision-making processes.
- Define key metrics that are measurable. liquidity, profitability, solvency, and return on investment (ROI).
- Analyse financial data and present meaningful reports to senior management, providing valuable insight and recommendations.
- Lead the annual budgeting process, working closely with department heads to establish accurate and realistic budgets.
- Develop an accurate and comprehensive annual budget, achieving a budget accuracy rate of 80%.
- Prepare financial forecasts and projections to support strategic planning initiatives. Improve forecast accuracy by reducing variance between predicted and actual financial outcomes to 80%.
- Cost Control: Monitor and reduce unnecessary expenses, ensuring cost-efficiency.
- Manage and understand currency risk impact on operations.
Financial Reporting: Operational Discipline:
- Prepare accurate and timely financial records which include the business review pack, balance sheet one pager, flash, and final reporting meeting all established deadlines.
- Streamline financial processes for efficiency and accuracy. Enhance team productivity by implementing process improvements or automation, resulting in a productivity increase.
- Manage the audit which should be on time.
• Prepare tax computations and AFS:
- Focus on Cash Flow.
- Monitor cash flow and liquidity to optimize working capital.
- Prepare a weekly cash flow forecast to submit to the corporate office.
- Improve forecast accuracy by reducing variance between predicted and actual financial outcomes to 80%.
- Implement effective cash management strategies and forecasts. Implement cash flow metrics and measure: EBITDA, Operational Cash Flow, Cash Runway.
- Demonstrated ability to reduce cash needs through efficient use of working capital.
- Prepare balance sheets, working capital, and cash flow forecasts.
Risk Management:
- Identify and assess financial risks and implement appropriate risk mitigation strategies.
- Risk Register to be developed and updated.
- Develop and maintain internal controls to safeguard company assets and ensure the accuracy of information.
- Identify and remediate existing control issues.
Team Leadership:
- Manage and mentor a team of finance professionals, fostering a high-performing and collaborative work environment.
- Set clear goals and objectives, provide regular feedback and performance evaluations, and identify opportunities for professional development.
- Update job descriptions, and goals and have quarterly documented one-on-one sessions with direct reports.
- Share knowledge with team members, improving understanding of departmental functions and processes.
Shared Services:
- Liaising with shared services Managers to manage the shared services function.
Data Automation:
- Continue to unlock data automation opportunities and focus on rapid process automation opportunities.
- Identify data automation and rapid process automation opportunities.
- Develop one finance dashboard which is the key source of all information.
Requirements - Chartered Accountant CA (SA) qualification or equivalent.
- At least 5-10 years of experience in progressively responsible roles.
- Strong leadership skills, including the ability to motivate and inspire others, delegate tasks effectively, and communicate clearly and persuasively, are essential.
- Strong analytical skills to interpret financial data, identify trends, and make strategic.
- Recommendations based on their findings. They should also be proficient in financial modelling and forecasting.
- Effective communication skills are crucial for Senior Finance Managers, as they often need to present financial information to executives, board members, and other stakeholders clearly and understandably.
- Must stay up to date with relevant laws, regulations, and accounting standards to ensure compliance and mitigate financial risk for their organization.
Desired Skills:
Desired Qualification Level & Accreditations:
- Honours
- South African Institute of Chartered Accountant
- South African Institute of Professional Accountant
About The Employer:
We are passionate professionals driven to provide Payroll and HR solutions that deliver true business value to your organisation.
Our proven track record and expertise will enable you to maximise your return on investment on any Sage Payroll & HR implementation.
Partner with a Talent Team that suits your customised needs. Recruiting top talent is a powerful and reliable foundation of strength in any business. When partnered with the best recruitment team, it’s an opportunity for long-term growth, and can bring companies a competitive advantage in their industry.
Red Ember Technology is a Certified Sage Platinum Business Partner, here to support any Sage client with the extra value-added services to complement and support their Sage products.
The Red Ember Recruitment team has combined Payroll, HR and Finance industry-specific experience, customised to the Sage products, as well as vast experience supporting various other products and industries.
Red Ember Recruitment can assist on any level of recruitment, from Interns to Executive placements, bulk recruitment, response handling, or specialised headhunting.
Employer & Job Benefits:
