The successful individual should have experience in risk management. Among their other responsibilities, they will also be responsible for forensics, internal audit, financial analysis, and new acquisitions.
The successful incumbent will be building their own team from scratch but will have around 50 direct and indirect reports from our other companies.
Key Performance Areas:
1. Prepare and complete financial budgets, information, and reports
- Ensure all month-end operational reports are accurately prepared and reviewed upon receipt from head office
- Review income statement and cashbook to ensure accurate processing of costs
- Verify debtors reconciliations for correctness
- Raise adequate provisions for uncaptured creditors invoices, old WIP, prior month COS, bonus, leave liability, etc.
- Ensure accuracy and completeness of GL Journals processed
- Review balance sheet for accuracy and identify any risks
- Ensure correctness of VAT allocations and treatment
- Oversee creditors reconciliations for the Panelshop division
- Follow up and assist with queries or outstanding issues as required
- Ensure timely submission of reconciliations and confirmation of payments
- Review payments to ensure compliance with group standards
- Review AR/AP age analysis balance to TB
- Provide financial reporting to head office, including stats reporting such as paint analysis, bank debtors, and daily bank balances
- Monitor daily targets and Cost of Sales
- Review and sign off work executed by team members, ensuring compliance with policies, procedures, and legislative requirements
- Maintain, update, and implement internal controls and procedures
- Improve monthly reporting to group FM with proper variance analysis
- Train and educate branch on procurement/cost savings
- Liaise with Group Procurement on supplier issues such as discount structures or new suppliers
- Conduct balance sheet reviews to ensure outstanding items are cleared promptly
- Ensure compliance with codes of conduct, policies, procedures, and legislative requirements
- Contribute to the development of creditors policies, systems, and practices within best practice and industry standards
- Provide input into other finance policies, processes, and systems
- Maintain accurate content and integrity of management accounts and other financial information
- Implement and maintain a system of internal control and fraud prevention/detection measures
- Assist branches with month-end queries and liaise with internal/external stakeholders
- Recruit competent, high-performance staff with HR assistance
- Contribute to developing an enabling culture and high staff retention through mentoring
- Drive performance management throughout the year
- Provide training and development to ensure succession
- Conduct annual performance appraisals
