Financial Manager
- Employer
- MCM Management Solutions
- Location
- Kempton Park Kempton Park Ekurhuleni, South Africa
- Salary
- Competitive
- Closing date
- Feb 4, 2025
View more categoriesView less categories
- Job Role
- Finance Manager
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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Introduction
The immediate task is to assume overall leadership of all financial and administrative issues. As Financial Manager you will be responsible for a broad spectrum of financial and administrative duties with the ultimate objective of maximising the long-term financial performance of the company. Objectives will include ensuring compliance with various contracts and concession agreements as well as
compliance with all permit licenses, rules and regulations governing the power station.
Duties & Responsibilities
The duties of the Financial Manager will include but may not be limited to:
With the General Manager, act as co-ordinator and liaison between the Business and the Board of Directors
Preparation of financial models
Assist with investigation on financing and loan structuring issues and commitments and ensure the company has taken the most optimal strategic position in terms of its debt commitments
Ensure financial goals and operational performance as targeted by Kelvin Management and the Board of Directors are met
Assist in the preparation of the Annual Operating Plan and budget with inputs from all relevant teams
Determine that appropriate financial reporting / management systems are in place, which fulfil the
requirements of Management, shareholders, tax authorities and other governmental authorities and ensure overall conformity to standard practice
Assume responsibility for full compliance with all finance and support reporting requirements,
including statutory requirements, monthly, quarterly and annual requirements and lender requirements
Monitor the company's cash management, provide accurate cash flow forecast and manage treasury function including the investment of surplus funds
Work closely with the General Manager on all aspects of the company current performance, future
outlook and level of indebtedness
Be aware of company financial performance at all times and be prepared to proactively communicate
variances from budget plan to affected parties including Leaders, General Manager, and the Board of Directors
Updating of the project model, ensuring accurate input, output and forecasting, including seamless roll up into regional and corporate model
Ensure adequate attention and preparation is devoted to development of information packs, agendas and minutes for Kelvin and Board of Directors meetings
Provide hands-on leadership
Understand the structure of the business and commercial aspects of the business
Always ensure reports comply with relevant Generally Accepted Accounting Practices (GAAP) and IFRS
Ensure monthly reconciliations and journals are performed, and check for accuracy
Ensure accuracy and timely distribution of invoices to debtors
Review and approve salaries and wages and ensure that reconciliations are carried out
Ensure timely and proficient handling of tax matters and maintaining compliance, both in company tax matters and also expatriate personal tax matters
Ensure proper fuel and spares stock control and inventory valuation, and work closely with Stores
to develop and implement procedures and systems to accurately reflect Stores content and valuation
Manage the financing of company Insurance premiums
Ensure monthly update of the fixed asset register and prepare fixed assets schedules, reconciliations and IFRIC4 calculations
Accounting of accruals and approval of all creditor payments
Choose and counsel the decision makers with regard to financial and accounting issues
Ensure team members develop and deliver an accurate, effective, efficient and timely financial reporting package and develop a process/procedure to ensure this happens
Develop and maintain procedures to ensure accurate forecasting of revenue and expenditure
Review and approve Monthly, Quarterly and Annual Financial statements and make relevant presentations
Provide advice on business strategy
Lead and manage the coordination of annual audit
Ensure adherence to designed internal control systems via compliance programmes and projects
to improve efficiency of company systems. Ensure all statutory returns, including those related to
labour issues, are submitted on a timely basis
Administration requirements
● Provide leadership and mentoring to all team members, focusing on cross training, growth opportunities
and expansion of skill sets
● Take responsibility for developing personal development plans, quarterly and annual performance
reviews, and progression plans for all team members
● Hold team members accountable for their actions through counselling, mentoring, and if necessary,
disciplinary action
● Embrace the company culture and spread it throughout the company
● Determine that the accounting system and related interfaces are functioning properly and the integrity of these systems is maintained
● Ensure that the Company has an organization and policies that enable it to recruit, deploy, develop and
motivate staff of a suitable calibre, to meet the present and future requirements of the Company
● Assist in the development of the Company procurement process utilizing significant input from the
Leaders and management
● Actively participate and encourage good housekeeping, teamwork and upholding of superior standards in your area
● Assist in developing and improving practises and procedures on an on-going basis in step with modern
technology and experience gained
● Be fully conversant with and adhere to general and plant safety regulations and codes
● Actively participate and contribute to the success of the company and its people by adopting and living company values and principles
● Develop a knowledge of power plant operation and the generation of electricity
Desired Experience & Qualification
NORMAL WORKING CONDITIONS:
Noise, Gasses / fumes High Voltage, Excessive Dust Humidity or Damp, Heat, Working at Heights and Other:
QUALIFICATIONS AND TECHNICAL SKILLS REQUIRED
● Post Graduate Degree in a relevant Finance or Accounting field.
● Certificate in Business Management or HR Management.
● Registered Professional with a relevant Institution as a Chartered Accountant.
● PC - must be Computer Literate: MS Word, Excel, Outlook, ACCPAC/SAGE.
FUNDAMENTAL REQUIREMENTS
● Highly developed interpersonal skills and a forthright attitude where service and value are rewarded and
respected in a team environment
● Good written and oral communication skills
● Must be highly committed and self-motivated
● Good organisational skills
● Ability to organise, prioritise, execute and follow up on many concurrent duties
● Ability to adapt to changes in business priorities and objectives
EXPERIENCE AND QUALIFICATIONS REQUIRED
● At least 10 years' experience, of which 5 years in a senior financial role combined and 5 years as a Chartered Accountant.
● Preferably, a background in the power industry.
● Confident in business management and financial reporting
Package & Remuneration
Salary R 85K - R90K basic, based on qualification and experience
Interested?
Please share detailed CV indicating salary, qualifications. reasons for leaving previos positions and notice period
The immediate task is to assume overall leadership of all financial and administrative issues. As Financial Manager you will be responsible for a broad spectrum of financial and administrative duties with the ultimate objective of maximising the long-term financial performance of the company. Objectives will include ensuring compliance with various contracts and concession agreements as well as
compliance with all permit licenses, rules and regulations governing the power station.
Duties & Responsibilities
The duties of the Financial Manager will include but may not be limited to:
With the General Manager, act as co-ordinator and liaison between the Business and the Board of Directors
Preparation of financial models
Assist with investigation on financing and loan structuring issues and commitments and ensure the company has taken the most optimal strategic position in terms of its debt commitments
Ensure financial goals and operational performance as targeted by Kelvin Management and the Board of Directors are met
Assist in the preparation of the Annual Operating Plan and budget with inputs from all relevant teams
Determine that appropriate financial reporting / management systems are in place, which fulfil the
requirements of Management, shareholders, tax authorities and other governmental authorities and ensure overall conformity to standard practice
Assume responsibility for full compliance with all finance and support reporting requirements,
including statutory requirements, monthly, quarterly and annual requirements and lender requirements
Monitor the company's cash management, provide accurate cash flow forecast and manage treasury function including the investment of surplus funds
Work closely with the General Manager on all aspects of the company current performance, future
outlook and level of indebtedness
Be aware of company financial performance at all times and be prepared to proactively communicate
variances from budget plan to affected parties including Leaders, General Manager, and the Board of Directors
Updating of the project model, ensuring accurate input, output and forecasting, including seamless roll up into regional and corporate model
Ensure adequate attention and preparation is devoted to development of information packs, agendas and minutes for Kelvin and Board of Directors meetings
Provide hands-on leadership
Understand the structure of the business and commercial aspects of the business
Always ensure reports comply with relevant Generally Accepted Accounting Practices (GAAP) and IFRS
Ensure monthly reconciliations and journals are performed, and check for accuracy
Ensure accuracy and timely distribution of invoices to debtors
Review and approve salaries and wages and ensure that reconciliations are carried out
Ensure timely and proficient handling of tax matters and maintaining compliance, both in company tax matters and also expatriate personal tax matters
Ensure proper fuel and spares stock control and inventory valuation, and work closely with Stores
to develop and implement procedures and systems to accurately reflect Stores content and valuation
Manage the financing of company Insurance premiums
Ensure monthly update of the fixed asset register and prepare fixed assets schedules, reconciliations and IFRIC4 calculations
Accounting of accruals and approval of all creditor payments
Choose and counsel the decision makers with regard to financial and accounting issues
Ensure team members develop and deliver an accurate, effective, efficient and timely financial reporting package and develop a process/procedure to ensure this happens
Develop and maintain procedures to ensure accurate forecasting of revenue and expenditure
Review and approve Monthly, Quarterly and Annual Financial statements and make relevant presentations
Provide advice on business strategy
Lead and manage the coordination of annual audit
Ensure adherence to designed internal control systems via compliance programmes and projects
to improve efficiency of company systems. Ensure all statutory returns, including those related to
labour issues, are submitted on a timely basis
Administration requirements
● Provide leadership and mentoring to all team members, focusing on cross training, growth opportunities
and expansion of skill sets
● Take responsibility for developing personal development plans, quarterly and annual performance
reviews, and progression plans for all team members
● Hold team members accountable for their actions through counselling, mentoring, and if necessary,
disciplinary action
● Embrace the company culture and spread it throughout the company
● Determine that the accounting system and related interfaces are functioning properly and the integrity of these systems is maintained
● Ensure that the Company has an organization and policies that enable it to recruit, deploy, develop and
motivate staff of a suitable calibre, to meet the present and future requirements of the Company
● Assist in the development of the Company procurement process utilizing significant input from the
Leaders and management
● Actively participate and encourage good housekeeping, teamwork and upholding of superior standards in your area
● Assist in developing and improving practises and procedures on an on-going basis in step with modern
technology and experience gained
● Be fully conversant with and adhere to general and plant safety regulations and codes
● Actively participate and contribute to the success of the company and its people by adopting and living company values and principles
● Develop a knowledge of power plant operation and the generation of electricity
Desired Experience & Qualification
NORMAL WORKING CONDITIONS:
Noise, Gasses / fumes High Voltage, Excessive Dust Humidity or Damp, Heat, Working at Heights and Other:
QUALIFICATIONS AND TECHNICAL SKILLS REQUIRED
● Post Graduate Degree in a relevant Finance or Accounting field.
● Certificate in Business Management or HR Management.
● Registered Professional with a relevant Institution as a Chartered Accountant.
● PC - must be Computer Literate: MS Word, Excel, Outlook, ACCPAC/SAGE.
FUNDAMENTAL REQUIREMENTS
● Highly developed interpersonal skills and a forthright attitude where service and value are rewarded and
respected in a team environment
● Good written and oral communication skills
● Must be highly committed and self-motivated
● Good organisational skills
● Ability to organise, prioritise, execute and follow up on many concurrent duties
● Ability to adapt to changes in business priorities and objectives
EXPERIENCE AND QUALIFICATIONS REQUIRED
● At least 10 years' experience, of which 5 years in a senior financial role combined and 5 years as a Chartered Accountant.
● Preferably, a background in the power industry.
● Confident in business management and financial reporting
Package & Remuneration
Salary R 85K - R90K basic, based on qualification and experience
Interested?
Please share detailed CV indicating salary, qualifications. reasons for leaving previos positions and notice period
You need to sign in or create an account to save a job.
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