Finance Manager

at Graça Machel Trust
Published November 1, 2022
Location Johannesburg, South Africa
Category Finance  
Job Type Full Time  

Description

 

The Graça Machel Trust is looking to employ a Finance Manager who will provide day to day leadership for accounting operations, with functional responsibility for accounting, accounts payable, and reporting. Responsibilities also include production of financial reports; proper maintenance of accounting records; accurate processing of financial transactions and administration of a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure that reported results comply with generally accepted accounting principles, and result in flawless audits. The incumbent will support financial decision-making information by collecting, processing, analyzing, investigating, and reporting financial data.

Duties and Responsibilities:

Financial Monitoring & Payments
 Monitor the day-to-day financial operations within the company, such as payroll, procurements, payments, and other transactions to ensure processes are carried out in compliance with the Company’s Finance Policy.
 Act as primary liaison with the organization’s bank to trouble shoot on relevant matters, and administratively manage banking processes etc.
 Monitor, review and manage accounts receivable and accounts payable.
 Track the company's financial status and performance to identify areas for potential improvement.
 Provide leadership for Business as Usual (BAU) maintenance, including: o Checking of Postings/Supporting Documents: ensure that posting by Pilot in QuickBooks is 100% accurate; filing system is in line with accounting best practices(IFRS); ensure matching policy (chart of accounts, depreciation, capitalization, etc.) in all existing entities
 Payments o Payments have adequate supporting documents o Timely payments following set weekly schedule through Online Banking Systems
 Monthly Payroll/ Consulting Payments o Run Staff Payroll on a monthly basis and ensure all necessary income taxes are paid on timely basis to avoid penalties o Checking contract terms of suppliers and customers to ensure financial and legal coverage Reporting, Forecasting & Auditing
 Analyse the organizations actual performance against its financial goals.

 Provide oversight on expenditure, reconciliations, and finance approvals at the organizational and project levels.
 Review financial data and prepare monthly and annual financial reports related to budgets, account payables, account receivables, cash flow statements, balance sheet, P&L statement, expenses etc.
 Based on financial reports, interpret financial information to managerial staff while recommending further courses of action.

 Predict financial trends and forecasts, and integrate assessments into planning, risk management and day to day financial management.
 Lead the organizational auditing process, ensuring accurate, complete, and timely information is provided to auditors on schedule.
 Analyse market trends and competitors.
 Ensure cash flow is compatible with company operations, by overseeing the day-to-day accounting, recording, reporting, and internal control activities of the organization.
 Support accounting, general ledger and operations functions, ensuring that systems are in place to guarantee timeliness and accuracy. Budgeting, Cost Savings and Risk Management
 Manage the preparation of the organization’s budget and monitor expenditure against burn rate targets.
 Provide quality assurance oversight to the Grants Finance Officer in the development of project-level budgets, monitoring cash-flow and document reconciliations of user departments.
 Conduct reviews and evaluations for cost-reduction opportunities.

 Develop strategies that minimize financial risk for the organization. Management, Policies & Taxes
 Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
 Strengthen the capacity of finance and non-finance staff to comply with the organization’s Finance Policy and Procedures.

Education

Degree in Finance, Accounting or Economics

Experience

A minimum 8 - 10 years’ experience including 3 years supervising a finance team

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