Senior Financial Analyst at The Biovac Institute

Job description

KEY PERFORMANCE AREAS

SUMMARY OF ROLE

KPI’s: Develop, Report, and Monitor KPI’s and suggest improvements within Finance & Procurement

• COST ANALYSIS: Conduct internal cost analysis of quality vs. cost and recommend actions
• COMMERCIAL REVIEW: of contracts and pricing arrangements
• CAPEX & PROJECT EVALUATION: evaluation of the NPV and decision to invest for projects and large items of CAPEX and ongoing project accounting and maintenance of the Fixed Asset Register
• B-BBEE: Monitor B-BBEE Pillars for the Finance & Procurement departments & make suggestions to improve and embed BEE into the company’s procurement processes
• SYSTEMS REVIEW: Review the internal systems of financial control and recommend improvements

• KPI’s & COST ANALYSIS
• Analysis of the manufacturing operations and variances such as price vs. usage variances
• Develop, maintain & monitor KPI’s relating to efficiency & effectiveness of the company’s procurement function & recommend improvements
• Obtain performance data to monitor & evaluate key suppliers, contractors & service providers
• Realize & quantify cost savings together with improved terms and quality of supplier goods & services
• Overhead efficiency variance analysis
• Responsible for providing timely and insightful information and analysis to foster a proactive approach to managing the cost of production
• Liaise with budget holders to deliver cost reductions, quality improvements or security of supply outcomes
• COMMERCIAL REVIEW and PROJECT EVALUATION
• Participate in the evaluation of capital projects to assist with the decision to invest.
• Participate in the commercial and contractual evaluation of tenders and RFQ’s relating to capital projects
• Ongoing monitoring of projects and participation on project steering committees
• Ongoing monitoring of the fixed asset investments and maintenance of the Fixed Asset Register
• SYSTEMS REVIEW
• Review systems of internal control and recommend improvements to reduce risk and improve efficiency
• B-BBEE
• To help develop and implement the BEE strategy of the company with respect to the Supplier Development and Enterprise Supplier Development pillars including preferential procurement
• To embed the BEE strategy within all the company’s procurement processes

Qualifications and Experience Required:

• CA(SA) or BComm Honours
• Experience in a pharmaceutical or manufacturing industry advantageous
• Commercial or contracting experience advantageous
• Knowledge of enterprise and supplier development under the B-BBEE codes of good practice advantageous

Technical Competencies required:

• Cost and Variance analysis
• KPI Development
• Processes Development and Review
• Statistical and Technical report writing
• Excel at intermediate to advanced level
• Knowledge of the revised BEE code of Good practice
• Knowledge of Contracts & Commercial arrangements
• Ability to work with people at all levels within the organisation

Other requirements

Own reliable transport