OPPORTUNITY AVAILABLE : GROUP FINANCIAL MANAGER

JOB TITLE: Group Financial Manager

MANAGER: Chief Financial Officer

LOCATION: Cape Town

COMPANY OVERVIEW:

We are a leading player in the renewable energy sector, as an EPC contractor and Independent Power Producer (IPP) enabling us to deliver innovative solutions to combat climate change. We are a focused solutions provider to Commercial and Industrial (C&I) customers, with projects spanning across Southern Africa and include roof top, carport, ground mount and wheeled solar projects. We also provide operations and maintenance, asset management, metering and monitoring services through our various divisions.

As we continue to expand our operations and our expertise in battery energy storage solutions (BESS) and maintain our status as the leading C&I IPP, we are seeking a dynamic and experienced Group Financial Manager to join our team.

ROLE OVERVIEW

As a Group Financial Manager (GFM), you will be joining a team of highly skilled and dynamic professionals. You will be responsible for overseeing the financial health of the organisation by managing financial planning, analysis and reporting. This role is pivotal in ensuring the financial stability and growth of the company, providing strategic financial guidance to senior management and ensuring compliance with all regulatory and group reporting requirements. You will be instrumental in the design of appropriate systems and process to enable the company to meet its ambitions growth plans.

QUALIFICATIONS:

• Bachelor's degree in finance, accounting, economics, or a related field. Master's degree and professional certifications (CA(SA), CFA or similar

EXPERIENCE:

• More than 5 years of experience in a senior financial management role, preferably in a group or multinational organisation.
• Strong knowledge of accounting principles, financial regulations, and compliance requirements.
• Proven experience in financial planning, analysis, and reporting.
• Excellent leadership, communication, and interpersonal skills.
• Proficiency in financial software and ERP systems (e.g., SAP, Oracle).
• Strong analytical and problem-solving abilities.
• High attention to detail and organisational skills.

PREFERRED SKILLS:

• Resourcefulness, confidence, and the ability to work under pressure
• Exceptional interpersonal skills and ability to convey information understandably
• Advanced Excel skills with an intermediate knowledge of the rest of the Microsoft Office Suite of Programs
• Excellent communication and presentation skills both verbal and written
• Excellent analytical and problem-solving skills
• Strategic thinking and business acumen.
• Ability to manage multiple priorities and meet deadlines.
• Strong ethical standards and integrity.
• Ability to work collaboratively with finance and cross-functional teams.
• Proactive and results-oriented approach.
• Self-starter capable of working independently with minimal supervision.

DUTIES AND RESPONSIBILITIES

Financial Planning and Analysis:

• Develop, implement and management of financial strategies, budgets , and forecasts.
• Conduct financial analysis to support business decisions and identify opportunities for cost reduction and revenue enhancement.
• Monitor financial performance against budgets and forecasts, providing insights and recommendations.

Financial Processing and Reporting:

• Responsible for processing of salary payroll journal and fortnightly wages, including the submission to Netcash payment gateway
• Review and approve payments on the on-line banking system.
• Review and maintain group fixed asset register.
• Review income statement and balance sheet accounts for all group companies.
• Work closely with other departments, such as engineering/construction, operations and maintenance and asset management to gather necessary data and ensure accurate financial reporting.
• Prepare and present accurate and timely financial reports, including monthly, quarterly, and annual statements.
• Conduct detailed analysis of financial reports to identify trends, variances, and insights. Provide actionable recommendations to senior management based on this analysis.
• Develop and monitor key financial performance indicators (KPIs) to evaluate the financial health of the company and support strategic decision-making.
• Ensure compliance with accounting standards, company policies, and regulatory requirements.
• Oversee the consolidation of financial statements for the group.
• Coordinate with internal and external auditors during the audit process, providing all required documentation and explanations to facilitate a smooth and efficient audit.
• Preparation and finalisation of the financial statement within 3 months of year-end.
• Generate ad hoc financial reports as requested by senior management to support specific projects or strategic initiatives.
• Implement and manage the underlying processes to ensure that all required reports are able to be compiled by the reporting function timeously for submission within the stipulated time frames for both internal and external reporting.

Cash Flow Management:

• Manage and optimise the company’s cash flow and working capital.
• Monitor and forecast cash requirements and ensure the availability of funds to meet operational and strategic needs.

Risk Management and Internal Controls:

• Implement and maintain robust internal controls to safeguard company assets.
• Identify financial risks and develop strategies to mitigate them.
• Completion and management of group control self-assessment reviews and questionnaires.
• Ensure compliance with financial regulations and standards.
• Utilise financial software and enterprise resource planning (ERP) systems (e.g., SAP, Oracle) to streamline financial reporting processes, enhance accuracy, and improve efficiency and controls.
• Identify opportunities for improving financial reporting processes and systems. Implement best practices and leverage new technologies to enhance reporting capabilities.
• Ensure appropriate insurance coverage is in place.
• Implementation of appropriate financial and business controls to ensure assets are safeguarded and that transactions are properly authorised and are effectively and efficiently executed and properly recorded.

Team Leadership and Development:

• Lead, mentor, and develop a team of finance professionals.
• Foster a culture of continuous improvement, accountability, and professional growth.
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
• Coordinate with other departments to ensure effective and efficient financial operations.

Strategic Planning and Projects:

• Collaborate with senior management to develop and execute the company’s strategic plan.
• Provide financial insights and guidance to support strategic initiatives and decision-making.
• Participate in special financial projects, such as mergers and acquisitions, capital raising, and financial restructuring, providing accurate and timely financial information to support decision-making.

Tax Planning and Compliance:

• Oversee the preparation and submission of tax returns and ensure compliance with all tax regulations (provisional tax, VAT, PAYE, withholding tax).
• Develop and implement tax-efficient strategies for the group.
• Ensure compliance with Company’s Act and CIPC regulations, including the submission of the annual returns.
• Ensure financial statements are prepared according to IFRS and IFRS for SME.