The purpose of this role is to:
Partner with operational heads, to ensure that financial information is reported in line with IFRS standards, company policy and business requirements. Provide commercial and financial oversight in supporting the operational heads, while monitoring performance to approved budgets. Maintain appropriate communication channels between finance and business. RESPONSIBILITIES:
Financial Management & Control
Work within established systems to deliver prescribed outcomes for a designated
area of financial control. Able to monitor and control expenditure. Able to
interpret the impact of unusual figures identified by analytical review. Able to
prepare budgets and forecasts in cooperation with senior managers.
Data Collection & Analysis
Anomalies are identified and then investigated together with financial
accountants to ensure processing is complete and accurate. If the investigation does not yield
satisfactory results, the management accountant proceeds to investigate the
source of data Analyse financialdata, extracts and define relevant information.
Interpret data for the purpose of determining past financial
performance and forecast preparation by business unit and consolidation into
personal lines.
Cost Accounting
Conduct complex analyses of costs for a significant part of the business to
identify variances, suggest efficiencies, and increase profitability. Perform ratio
analysis as well as the interpretation of variances eg. surplus ratio, claims ratio,
expenses ratio, and other cost accounting metrics.
Budgeting & Costing
Deliver a budget for an area of the organisation or conduct complex analyses on
budget progress in other areas of the organisation. Running staff lists to ensure
each business unit / cost centres have the correct allocation. Budget system
management. Assist heads with population of templates.
Liaise between key stakeholders in order to ensure that the budget is accurate
and follows logic.
Provide instruction and answer questions relating to budget procedures.
Identifies budget issues, provide alternative solutions, and resolve problems.
Manage the various budget iterations between heads and exco expectations.
Operational Compliance
Follow a range of mandatory procedures to ensure that work is carried out to the
required quality standards and/or to ensure adherence to external regulatory
codes and internal codes of conduct.
Insights and Reporting
Prepare and coordinate the completion of various financial reports.
Personal Capability Building
Keep abreast of laws and regulations that apply to this particular function or field
of professional expertise, maintain up to date compliance.
TECHNICAL COMPETENCIES: Financial Accounting
Work and provide technical guidance when required to classify, measure and
record corporate transactions using financial accounting principles.
Data Collection and analysis
Works and provide technical guidance when required to analyse data trends for
use in reports to help guide decision making.
Compliance
Work and provide technical guidance when required to achieve full compliance
with applicable rules and regulations in management and/or operations.
Costing and Budgeting
Works and provides technical guidance when required on costing, budgeting and
finance tasks.
Numerical Skills
Use an understanding of numerical concepts to perform mathematical
operations such as report analysis and provide technical guidance when
required.
Computer skills
Support business processes by understanding and effectively using standard
office equipment and standard software packages, while providing technical
guidance as needed.
Office suite software (Advanced).; Accounting software..
Policy and Regulation
Work and provide technical guidance when required to interpret and apply
knowledge of laws, regulations and policies in area of expertise.
TAX Act.; IFRS.; Insurance Regulations.; Vat Act..
Assessment
Work and provide technical guidance when required to analyse data from
multiple sources to draw appropriate conclusions and make suitable
recommendations.
Verbal Communication
Use clear and effective verbal communication skills and provide technical
guidance when required to express ideas, request actions and formulate plans or policies.
Review and Reporting
Work and provide technical guidance when required to review and create
relevant, lucid and effective reports.
Planning and Organizing
Work and provide technical guidance when required to plan, organise, prioritise
and oversee activities to efficiently meet business objectives.
EDUCATION & EXPERIENCE: General Education
Bachelor of Commerce Degree (Essential); Bachelor of Commerce
(Management Accounting) or CIMA Qualification (Advantageous)
General Experience
Minimum 2 years' Financial Management Accounting experience
2 years' Financial Services background (Advantageous)
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