At Blue Label Distribution, our brand philosophy is that we can create and distribute anything that is able to be digitised. Our Blu-approved brand is the face of our service offering and is underpinned by a world-class technology platform for both online and offline commerce. With a point of sale network of approximately 150 000 devices, we provide a distribution footprint across all income groups. 85% of our income comes from merchants in the informal sector.<\/p>\n
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Job Title: Senior Financial Manager: BLD<\/strong> Job Summary:<\/strong> RESPONSIBILITIES:<\/strong> Insightful Reporting:<\/strong> Financial Controls and Corporate Governance:<\/strong> Corporate Governance:<\/strong> Work collaboratively:<\/strong> Self-Management:<\/strong> Leadership:<\/strong>
\nLocation:<\/strong> Sandton, Gauteng, South Africa
\nReference #:<\/strong> B101
\nContract Type:<\/strong> Permanent
\nSalary:<\/strong> Market Related<\/p>\n
\nResponsible for execution financial accounting, budgeting, cost benefit analysis, auditing, cash management and other fiscal operations and functions. Developing appropriate accounting and operational systems, establishing necessary financial and operational controls, approving various expenditures and obligations, planning and coordinating internal and external audits, and ensuring all activities conform to statutory legislation (incl IFRS, Taxation Regulations and other applicable legislation) and company policies and
\nprocedures<\/p>\n
\nFinancial Management:<\/strong>
\nPrepare and analyze accurate monthly financial and management reports across all 41 segments\/functional areas, including income statement, balance sheet, budget and variance, projections and forecast, and cash flow.
\nProduce detailed quarterly cash flow forecasts to form the basis for working capital
\nDevelop annual budgets in collaboration with the Chief Financial Officer, Functional Area Exec heads and BLD Managing Director and SA Distribution CEO.
\nManage, enhance and review weekly and periodic KPIs to ensure they are insightful, error free and issued to agreed timelines
\nEnsure that all balance sheet reconciliations are produced on an accurate and timely basis to include bank reconciliations, debtors, creditors and inter-company account
\nEnsure that all financial transactions are processed accurately, in a timely manner, and in accordance with generally accepted accounting principles.
\nIdentify and implement improvements to business processes to increase efficiency and ensure all costs are recorded accurately in the accounts.
\nChallenge and review results to seek opportunities to increase income\/reduce costs and risks
\nPerform month-end closing procedures, including overhead allocations, account reconciliations, and updating schedules.
\nPerforming analyses, build a business case to review opportunity and profitability.
\nMaintain an orderly accounting filing system
\nReview of expenses for accuracy to identify any cost saving areas.
\nMonthly review of expense reporting to be completed before deadline to enable Identification of any discrepancies.
\nReconciliation of inter-company accounts.
\nEnsure rebates receivable, on-going revenue and connection bonuses are recorded accurately, reconciled and recovered Tax and Vat returns are reviewed and submitted correctly before SARS deadlines to prevent penalties and interest.
\nEnsure assets, loans and receivables, payables and inventory are accounted for correctly and in line with IFRS.
\nManagement of fixed assets.
\nReview of depreciation calculations.
\nEnsure all tax and vat submissions are reviewed timeously and submitted to SARS within deadlines.<\/p>\n
\nProvide useful financial insights to help make better decisions about formulating and executing strategy, and provide guidance and analysis to executive and operational management to improve results
\nProduce and distribute monthly management reports to agreed time scales
\nAssist in coordinating the preparation of the draft audited financial statements and all tax returns.
\nCoordinate the preparation of financial information in the corporate annual report.
\nRecommend and report upon benchmarks against which to measure organizational performance.
\nCalculate and issue financial and operating metrics.
\nAssist in production of cash flow reports, annual budget, and forecasts.
\nCalculate variances from the budget and report significant issues to management.
\nProvide for a system of management cost reports.
\nProvide financial analyses and models as needed, in particular for capital investments, pricing decisions, and contract negotiations.
\nPerform financial analysis, reporting and management activities.
\nPreparation of information for external reporting.
\nReview financial data for accuracy, correctness and completeness.<\/p>\n
\nMaintain and enhance financial controls ensuring accuracy and robustness of reporting and budgeting processes
\nContinuous improvement through standardization of manual processes.
\nMonitoring and measurement of work output against credit policy.
\nIdentify risks in processes and controls and mitigate these risks through various mediums.
\nEnsure adherence to processes and controls put in place by management.
\nResponsible to implement controls and processes.
\nEnsure compliance with financial policies and procedures.
\nEstablish and maintain financial management mechanisms that reduce financial risk.
\nDesign and Implement controls and procedures.
\nEnsure efficient functioning of financial systems.
\nContinuous review of the relevant accounting systems to ensure more efficient and effective reporting.
\nEnsure compliance with all statutory requirements relating to financial control, financial management and accounting
\nEnsure appropriate external audit arrangements are in place and manage the audit process
\nEnsure appropriate external and internal audit arrangements are in place and manage the audit process.<\/p>\n
\nEstablish and maintain strong relationships with senior executives so as to identify their needs and seek full range of business solutions.
\nProvide executive management with advice on the financial implications of business activities.
\nEnsure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
\nEnsure the organisation complies with statutory legislation and corporate governance frameworks.
\nAdvise on the formulation policies and procedures in line with relevant legislation and ensure implementation thereof.
\nPreparation of BLD Board Packs to ensure accurate reporting of company information to relevant stakeholders.
\nPreparation of Regional Reporting Analysis for Operations monthly.<\/p>\n
\nBuild a culture of respect and understanding across the organization
\nTrain up accountants to be empowered to run the functional area financial and
\ncritically look at GPS and Opex and clear issues while leveraging the SA Distribution Services
\nRecognise outcomes which resulted from effective collaboration between teams
\nBuild co-operation and overcome barriers to information sharing, communication and collaboration across the organisation
\nFacilitate opportunities to engage and collaborate with external stakeholders to develop joint solutions<\/p>\n
\nFollow through to ensure that personal quality and productivity standards are
\nconsistently and accurately maintained
\nDemonstrate consistent application of internal procedures
\nPlan and prioritise, demonstrating abilities to manage competing demands
\nDemonstrate abilities to anticipate and manage change
\nDemonstrate flexibility in balancing achievement of own objectives with abilities to understand and respond to organizational needs<\/p>\n
\nThrough effective inspirational leadership, facilitate the creation of accountable, full-service teams who understand and strive to meet the needs of all stakeholders
\nRole model behavior and motivate team members in line with the core values
\nTake full responsibility for performance of all direct reports, motivating and managing them in relation to quality standards and agreed benchmarks and objectives, focusing on all aspects of sound people management:
\nProvide support and guidance on career path planning, on-the-job training, coaching and mentoring to direct reports
\nDevelop, promote and direct the implementation of equal opportunities policies in all aspects of the company\u2019s work.
\nCommunicate and maintain trust relationships with shareholders, business partners and authorities
\nProvides leadership and support to the executives in the development for the continuous evaluation of short and long-term strategic financial objectives.
\nTake hands-on lead position of developing, implementing, and maintaining a comprehensive job cost system.
\nDirect and oversee all aspects of shared services in Finance & Accounting and Business Information functions of the organization.
\nManage processes for financial forecasting, budgets and consolidation and reporting to the Company
\nProvide recommendations to strategically enhance financial performance and business opportunities.<\/p>\n