Operational Finance Manager

Description:

A well Established IT company based in Bryanston, requires a Operational Finance Manager:

DUTIES:

• Assist in Preparing accurate monthly, quarterly, and annual financial statements and management reports
• Preparation of the monthly covenant reports
• Including preparation of High-Risk balance sheet items: Bank, Vat, Accruals, other debtors and Tax accounts
• Review of teams Balance sheet Recons (AP/ AR and other)
• Approval and review of Purchase orders per the approval matrix (Sage system)/(ConnectWise)
• Ticket management with the team (CRM/ConnectWise)
• Work with Group FM and Payroll accounts to review the payroll reconciliation (income statement to payroll system) and payroll balance sheet accounts
• Assist with the budgeting, forecasting, and variance analysis processes
• Ensure timely submissions of VAT, PAYE, income tax, and other statutory returns (SARS)/(ICASA)
• Oversee working capital management, including accounts payable, accounts receivable, and cash flow reporting
• Ensure compliance with the Companies Act and other statutory financial regulations.

Statutory Audit & Compliance

• Manage the end-to-end statutory audit process, acting as the primary liaison with external auditors, ensuring timely submissions, resolving audit queries, and implementing corrective actions
• Maintain a complete and accurate audit trail for all financial transactions and supporting documentation
• Develop, implement, and monitor internal control systems to safeguard company assets and ensure financial accuracy
• Regularly review and improve finance policies, procedures, and controls to enhance efficiency and mitigate risks

B-BBEE Compliance

• Manage and monitor all B-BBEE elements relevant to the business, including ownership, management control, skills development, enterprise & supplier development, and socio-economic development
• Coordinate the annual B-BBEE verification process with external verification agencies
• Maintain documentation and evidence required for B-BBEE audits
• Advise leadership on initiatives to improve and sustain the company’s B-BBEE level
• Track and report on B-BBEE scorecard progress and support HR and procurement in strategic implementation

Insurance and Risk

• Manage company insurance portfolio (assets, liability, business interruption, etc.)
• Ensure adequate insurance coverage is maintained for all company risks and assets
• Liaise with insurance brokers, review policies, renewals, and claims management
• Develop internal risk registers and assist with enterprise risk management reporting

People Leadership

• Provide leadership and direction to the Accounts Receivable and Accounts Payable Managers
• Set clear performance objectives, conduct regular performance reviews, and identify training and development needs
• Ensure timely processing of customer receipts and supplier payments in alignment with company policies
• Promote a high-performance, collaborative, and compliant finance environment

Technical Skills and Competencies

• Advanced MS Excel and financial modelling skill
• Experience with ERP systems (SAP, Sage, or similar)
• Sound knowledge of IFRS and Companies Act requirements
• Familiarity with B-BBEE Codes of Good Practice and verification processes
• Strong leadership, interpersonal, and stakeholder engagement skills
• Excellent communication, time management, and organisational abilities

Requirements:

• Assist in Preparing accurate monthly, quarterly, and annual financial statements and management reports
• Preparation of the monthly covenant reports
• Including preparation of High-Risk balance sheet items: Bank, Vat, Accruals, other debtors and Tax accounts
• Review of teams Balance sheet Recons (AP/ AR and other)
• Approval and review of Purchase orders per the approval matrix (Sage system)/(ConnectWise)
• Ticket management with the team (CRM/ConnectWise)
• Work with Group FM and Payroll accounts to review the payroll reconciliation (income statement to payroll system) and payroll balance sheet accounts
• Assist with the budgeting, forecasting, and variance analysis processes
• Ensure timely submissions of VAT, PAYE, income tax, and other statutory returns (SARS)/(ICASA)
• Oversee working capital management, including accounts payable, accounts receivable, and cash flow reporting
• Ensure compliance with the Companies Act and other statutory financial regulations.

• Manage the end-to-end statutory audit process, acting as the primary liaison with external auditors, ensuring timely submissions, resolving audit queries, and implementing corrective actions
• Maintain a complete and accurate audit trail for all financial transactions and supporting documentation
• Develop, implement, and monitor internal control systems to safeguard company assets and ensure financial accuracy
• Regularly review and improve finance policies, procedures, and controls to enhance efficiency and mitigate risks

• Manage and monitor all B-BBEE elements relevant to the business, including ownership, management control, skills development, enterprise & supplier development, and socio-economic development
• Coordinate the annual B-BBEE verification process with external verification agencies
• Maintain documentation and evidence required for B-BBEE audits
• Advise leadership on initiatives to improve and sustain the company’s B-BBEE level
• Track and report on B-BBEE scorecard progress and support HR and procurement in strategic implementation

• Manage company insurance portfolio (assets, liability, business interruption, etc.)
• Ensure adequate insurance coverage is maintained for all company risks and assets
• Liaise with insurance brokers, review policies, renewals, and claims management
• Develop internal risk registers and assist with enterprise risk management reporting

• Provide leadership and direction to the Accounts Receivable and Accounts Payable Managers
• Set clear performance objectives, conduct regular performance reviews, and identify training and development needs
• Ensure timely processing of customer receipts and supplier payments in alignment with company policies
• Promote a high-performance, collaborative, and compliant finance environment

• Advanced MS Excel and financial modelling skill
• Experience with ERP systems (SAP, Sage, or similar)
• Sound knowledge of IFRS and Companies Act requirements
• Familiarity with B-BBEE Codes of Good Practice and verification processes
• Strong leadership, interpersonal, and stakeholder engagement skills
• Excellent communication, time management, and organisational abilities

• Bachelor’s degree in accounting, Finance, or Commerce (mandatory)
• Professional designation CA(SA) or CIMA) preferred
• Minimum 5–7 years of progressive finance experience, with at least 2 years in a management role
• Proven experience in managing full financial functions, statutory audits, and regulatory compliance
• Demonstrated experience with B-BBEE compliance management and audit preparation
• Knowledge of insurance administration and risk principles
• Prior experience in leading and managing finance teams

REQUIREMENTS:

The Finance Manager is responsible for the full finance function, including the integrity of financial records, statutory audit coordination, B-BBEE compliance, and insurance risk management. This role provides financial leadership, ensures compliance with regulatory requirements, and manages key finance personnel responsible for accounts receivable and payable

• Bachelor’s degree in accounting, Finance, or Commerce (mandatory)
• Professional designation CA(SA) or CIMA) preferred
• Minimum 5–7 years of progressive finance experience, with at least 2 years in a management role
• Proven experience in managing full financial functions, statutory audits, and regulatory compliance
• Demonstrated experience with B-BBEE compliance management and audit preparation
• Knowledge of insurance administration and risk principles
• Prior experience in leading and managing finance teams