Finance Manager (Gauteng) needed at Fraser Alexander Ltd.

Description

• The Finance Manager is responsible for the entire scope of financial and management accounting activities, including regulatory reporting for the designated division within Fraser Alexander, as well as overseeing daily financial operations including operational procurement

RESPONSIBILITIES

Team Management and Collaboration

• Ongoing communication and collaboration with the COO and CFO, divisional Manco and direct reports regarding financial, commercial, procurement, legal and compliance, enterprise risk management and IT related matters.
• Exposing operations to the ERP and HRM systems and their capabilities, advocating and promoting the effective usage of business intelligence available from the systems.
• Assessing the financial skills required by operational managers and commit to develop those skills to enable them to perform their responsibilities with a better understanding of financial and commercial aspects and actively promoting financial literacy throughout the division.
• Management of SLAs for ERP and HRM systems to ensure optimal service.

Divisional Strategy

• Assisting with the development and implementation of divisional strategy within the framework of group strategy and overseeing financial quantification and interpretation of divisional strategy
• Have a good understanding of the specific division and industry within which Fraser Alexander operates, country risks, the competition, suppliers, etc.
• Ensuring that professional advice on matters that have financial implications is available and documented well in advance of decision making and used appropriately.
• Planning and executing financial and commercial aspects of major transactions required to implement the division’s strategy.

Financial  Management

• Co-ordinating the planning and budgeting processes, setting financial targets and key performance indicators for the division and determining causes for variances and corrective actions to be made and advising on financial viability of commercial opportunities.
• Ensuring debt collection is controlled as per contractual arrangements with clients.
• Ensuring that systems and processes for financial administration and control and protection of the division’s resources and assets are adhered to
• Participate at Group level in the development and implementation of corporate governance, tax and statutory accounting standards.
• Implementing appropriate measures to prevent and detect fraud and corruption (in consultation with Manco).
• Review and sign off of monthly account reconciliations.

Commercial Management

• Review of tenders or other client proposals to ensure corporate guidelines and financial principles for assessment of financial viability of the tender or proposal have been adhered to.
• Ensuring that any partnership arrangements are underpinned by clear and well documented agreements and internal controls.

Reporting

• Review monthly divisional reporting, oversight and review of divisional budget, including detailed supporting schedules and updating of monthly forecast.
• Preparation/review of input for Manco, Exco and board financial reports and subsidiary board financial reports.
• Ensuring compliance with statistical and other government departmental requirements related to Finance as specified by Group.

Treasury

• Monitoring of working capital requirements, assistance with SARB applications, develop relationships with offshore counterparts and Forex management (where applicable).

Policies and procedures

• Provide input in formulation of all financial policies and procedures, review of group approval framework, ensuring divisional approval framework is aligned and participate in review and updating of workflows on ERP system, ensuring alignment with policies and procedures and approval framework.

Taxation

• Provide assistance with any SARS/tax authority queries related to the division, monitoring of tax compliance as part of development of tenders and other proposals, and participate in tax planning during budgeting process.
• Knowledge of foreign tax (direct and indirect).

Insurance

• Provide assistance with claims management and risk mitigation in respect of divisional claims.
• Review of offshore insurance to ensure adequate cover is in place in respect of divisional offshore operations.

Business Intelligence

• Development and maintenance of BI dashboards for Manco and divisional operational management.
• Analysis of key trends and providing input and advice where required to enhance divisional performance.

BBBEE

• Ensure compliance to BBBEE platform and local requirements.

Internal and external audit

• Review of audit findings related to divisional processes and coordinate management comments
• Implementation of any relevant improvements / recommendations.
• Assist in the carrying out of the internal and external audit.

Requirement

QUALIFICATIONS

• CA(SA) with articles

EXPERIENCE

• At least 10 years post articles experience, preferably working in multi-national mining, construction, or manufacturing, involved in senior management of the finance function with exposure to commercial management of contracts and having been a member of a senior management forum

SKILLS, QUALITIES AND ABILITIES REQUIRED

• Decision making, Quality and Problem Solving, Managing and leading others, Financial and Cost Management

Closing date:

• 16/04/2025