Financial Manager

Overview

Financial Manager Jobs in Centurion, Gauteng, South Africa at Momentum

Title: Financial Manager

Company: Momentum

Location: Centurion, Gauteng, South Africa

Through our client-facing brands and our other specialist brands, Momentum Group enables business and people from all walks of life to achieve their financial goals and life aspirations.

We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Group provides practical financial solutions for people, communities and businesses.

Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

The purpose of this role is to develop and manage a best practice framework for the Finance function that fulfils a statutory, financial management reporting and compliance function to Momentum Investments (Structure Products and Annuities| Retirement Funds|Momentum Money).

Requirements

• BCom with post articles experience: 2-3 years’ experience in a similar role, in the financial services sector and successful people management skills.
• Proficient with IFRS and corporate tax. Experience in insurance accounting/tax will be beneficial.
• Understanding of the Investments and Savings industry.
• Strong technical accounting and tax knowledge.
• Strong ability to design and implement accounting processes and internal controls.

Duties & Responsibilities

Process:

• Develop, plan for, implement and take accountability for the strategy and operating model of the Finance function, in execution of the Momentum Investments strategy.
• Establish governance systems and take accountability for the effective implementation of corporate governance within the finance area.
• Establish and take accountability for internal financial monitoring, reporting and auditing frameworks.
• Ensure robust operational and tax processes are embedded in the business to adhere to all tax legislation.
• Facilitate delivery of financial and administrative support services to Momentum Investments, particularly:
• Financial control.
• Budgeting and forecasting.
• Revenue collection and recording.
• Prepare financial statements for each financial year and ensuring compliance with all relevant statutory requirements, regulations and standards.
• Perform the tax calculations and returns of statutory entities where applicable.
• Manage, prepare and present the annual budget process.
• Liaise with external and internal auditors and co-ordinate reports.
• Prepare and present management reports in a format that will assist the business in reaching its stated operational goals.
• Where possible, ensure that service delivery is automated, efficient and scalable.
• Act as the custodian to ensure compliance to Finance governance, relevant legislation and risk mitigation strategies.

Finance:

• Ensure that the Finance function’s strategy and operating model is adequately budgeted for through the development and implementation of a fit for purpose budget.
• Continuously search for cost saving initiatives that will support business growth and profitability.
• Developing and maintaining financial management policies, procedures, processes and systems to promote efficiency in the finance function.
• Oversee all accounts, ledgers, and reporting systems and ensure compliance with appropriate accounting standards, regulatory and audit requirements.

People:

• Ensure that all the Finance team members consistently discharge their duties in terms of the financial processes.
• Develop, implement and manage a People Capability plan that ensures that the Division has the human resources and skills required to deliver on the strategy for the short-, medium- and long term.
• Develop an empowered employee and specialist structure set in the context of delegation and accountability.
• Identify, attract, appoint, grow, engage, reward and retain top talent to drive strategic execution.
• Identify, develop, embed and demonstrate aligned values that drive and support the required behaviour to achieve the articulated vision and strategy.
• Demonstrate leadership behaviour of personal involvement, commitment and dedication to the business area in support of the organisation’s culture.
• Communicate a meaningful strategic context to apply people best practice, fostering an environment of continuous learning and improvement.
• Provide mechanisms and support to implement major changes to the Communication function by acting as a change agent.

Competencies

Knowledge/Skills/Attributes:

• Accountability.
• Planning and managing delivery within communicated deadlines.
• Decision making and problem solving.
• Leading and Living the Vision and Values.
• Budgeting and Budgeting Control.
• Business Knowledge.
• Financial and Accounting Control.
• Financial Planning.
• Risk and Compliance.
• Teamwork and cooperation.
• Self-Development.
• Stakeholder engagement and Management.