Finance Manager Media reporting

Description:

Main Purpose of the Role

The Finance Manager is responsible for the timely and accurate monthly general ledger close process. This position will be responsible for managing the company consolidation and reporting function. To provide financial analysis, advice and support to managers and to manage a finance department according to sound financial systems, practices and processes that are compliant with relevant legislation, meet principles of international best practices and principles that will allow the business unit, division and company to achieve its strategic financial objectives.

Key Responsibilities:

(The primary tasks, functions and deliverables of the role)

• Design, implement and monitor policies, procedures and processes for the team and the division, in compliance with divisional and group financial strategy;
• Establish and review the division’s financial integrity, performance and its reporting (monthly management accounts, statutory reporting) by managing mechanisms for budgeting, financial controls, accounting, costing, reporting, treasury and funding;
• Manage and ensure IFRS compliance and legal compliance (relevant acts including but not limited to Companies Act, Income Tax Act, Securities Exchange Act, Consumer Protection Act, Electronic Communication Act);
• Supervise all regular accounting processes plus monthly closure of accounts across all stakeholders in the business units;
• Review the preparation and revision of departmental budgets and forecasts against the business plans;
• Develop and consolidate the company’s annual budgets and forecasts including balance sheet and cash flow;
• Ensure that monthly and annual accounts are compiled and that annual accounting packs are audited;
• Ensure that accurate financial analysis (including budget, forecast and variance), reports and schedules are provided as required, including monthly management reports to group finance, consolidations of interim and annual financial packs etc;
• Manage budget and resources so that the team is placed to deliver on its strategies;
• Ensure that the monthly creditors’ days and the creditors’ exposure is within the acceptable limits;
• Ensure debtors’ days are within the targets per category;
• Build relationships with Debtors with the aim of improving cash flow management;
• Ensure treasury function is optimally managed to improve working capital efficiency and overall cashflow of the company;
• Continuously look at ways to reduce costs and improve efficiency;
• Research, prepare and present information to CFO/Divisional CEO’s as requested eg financial models, scenarios etc based on requests from CEO;
• Liaise with internal and external auditors as required;
• Coach, share knowledge and mentor more junior employees;
• Assist the CFO with strategic financial management and projects.

Skills and Competencies

(The abilities that the individual needs in order to perform this role effectively)

• Job functional knowledge: Requires specialized depth and/or breadth
  of expertise in own job discipline or field.
• Business expertise: Interprets internal/external business challenges and recommends best practices to improve products, processes or services.
• Leadership: May lead functional Teams or projects with moderate resource requirements, risk, and/or complexity.
• Problem solving: Leads others to solve complex problems; uses sophisticated analytical thought to exercise judgement and identify innovative solutions.
• Impact: Impacts the achievement of customer, operational, project or service objectives; work is guided by functional policies.
• Interpersonal skills: Communicates difficult concepts and negotiates with others to adopt a different point of view.
• Strong sense of ethics
• Strategic thinking
• Trustworthy and reliable
• Able to work in a team
• Influencing skills
• Excellent verbal communication skills
• Excellent written communication skills
• Sound judgment
• Analytical ability
• Attention to detail
• Pressure resilience

Required

Preferred

Qualification

Tertiary qualification in accounting / finance.

CA (SA) or similar qualification.

Experience

5-8 year’s relevant experience

At least 5 years’ experience managing a finance team

IFRS experience

Experience in relevant industry.

Knowledge

Thorough knowledge of relevant legislation;

Thorough knowledge of International Financial Reporting

Standards (IFRS);

Sound knowledge of budgeting processes;

Knowledge of People Management processes and employee relations; and

Proficiency in relevant software packages and applications.

Given the employment equity policy of Media24, preference will be given to suitable candidates from the designated groups.

Requirements:

• Design, implement and monitor policies, procedures and processes for the team and the division, in compliance with divisional and group financial strategy;
• Establish and review the division’s financial integrity, performance and its reporting (monthly management accounts, statutory reporting) by managing mechanisms for budgeting, financial controls, accounting, costing, reporting, treasury and funding;
• Manage and ensure IFRS compliance and legal compliance (relevant acts including but not limited to Companies Act, Income Tax Act, Securities Exchange Act, Consumer Protection Act, Electronic Communication Act);
• Supervise all regular accounting processes plus monthly closure of accounts across all stakeholders in the business units;
• Review the preparation and revision of departmental budgets and forecasts against the business plans;
• Develop and consolidate the company’s annual budgets and forecasts including balance sheet and cash flow;
• Ensure that monthly and annual accounts are compiled and that annual accounting packs are audited;
• Ensure that accurate financial analysis (including budget, forecast and variance), reports and schedules are provided as required, including monthly management reports to group finance, consolidations of interim and annual financial packs etc;
• Manage budget and resources so that the team is placed to deliver on its strategies;
• Ensure that the monthly creditors’ days and the creditors’ exposure is within the acceptable limits;
• Ensure debtors’ days are within the targets per category;
• Build relationships with Debtors with the aim of improving cash flow management;
• Ensure treasury function is optimally managed to improve working capital efficiency and overall cashflow of the company;
• Continuously look at ways to reduce costs and improve efficiency;
• Research, prepare and present information to CFO/Divisional CEO’s as requested eg financial models, scenarios etc based on requests from CEO;
• Liaise with internal and external auditors as required;
• Coach, share knowledge and mentor more junior employees;
• Assist the CFO with strategic financial management and projects.

• Job functional knowledge: Requires specialized depth and/or breadth
  of expertise in own job discipline or field.
• Business expertise: Interprets internal/external business challenges and recommends best practices to improve products, processes or services.
• Leadership: May lead functional Teams or projects with moderate resource requirements, risk, and/or complexity.
• Problem solving: Leads others to solve complex problems; uses sophisticated analytical thought to exercise judgement and identify innovative solutions.
• Impact: Impacts the achievement of customer, operational, project or service objectives; work is guided by functional policies.
• Interpersonal skills: Communicates difficult concepts and negotiates with others to adopt a different point of view.
• Strong sense of ethics
• Strategic thinking
• Trustworthy and reliable
• Able to work in a team
• Influencing skills
• Excellent verbal communication skills
• Excellent written communication skills
• Sound judgment
• Analytical ability
• Attention to detail
• Pressure resilience