Business unit, Department, Reporting

Business Unit Finance Job grade S6

Core Description

To coordinate the budgeting process, prepare and monitor the actual vs. budget. Co-ordinate and consolidate information for all statutory reporting. Provide input into the analysis of financial information to allow the business unit to make well-informed decisions to ensure financial sustainability.

Key Deliverables / Primary Functions

• Provide input in developing the annual budget plan for the business in consultation with key business unit stakeholders and line management, in accordance with BCX guidelines
• Oversee and coordinate the circulation of budget guidelines and templates
• Oversee and consolidate budget submissions received and address queries raised by line management
• Coordinate and consolidate inputs for the preparation of the business unit budget
• Analyse potential over or under spending variances and submit report to supervisor for further action to be taken.
• Review the quality and accuracy of monthly variance report submissions received, prepare reallocation journals for posting to the GL
• Support accounts payable and receivable on management of payment and receipts for effective and efficient working capital management
• Support and ensure the management of fixed assets within business units
• Support business in the management of inventory and proper accounting of inventory to optimal working capital management
• Prepare and analyse financial information and financial statistics for monthly and quarterly financial reporting
• Facilitate and check the preparation and distribution of valid, accurate and complete reports on project spending.
• ​​​​​​​Compile and submit monthly bank reconciliations and progress reports for project administra

Core Functional Skills & Capabilities

Finance and Budget ManagementFinancial GovernanceFinancial and Accounting Standards and PrinciplesReporting

Core Behavioural Competencies

Job MatchAnalysingDeciding & Initiating ActionDelivering Results & Meeting customer expectationsEntrepreneurial & Commercial thinkingPresenting and Communicating information

Minimum Qualifications

NQF 6: 3 year Degree/ Diploma/ National Diploma in FinanceOR NQF 4: Grade 12

Additional Education -Preferred /Advantage

Experience

3 Years' experience in finance, experience and relevant exposure to the financial sector and the full accounting function.

If Grade 12 minimum, then 5 years' experience in billing, Database Management and Reporting

Certifications

None

Professional Memberships in Relevant Industry

Level of Engagement & Span of Control

Special Requirements / Employment Condition

Workplace / Physical Requirements

Hybrid Remote WorkerNon-Billable