Assistant Manager Finance at Netstar

JOB PURPOSE

• provide general financial accounting support, assist with the budgeting and forecasting process, and to conduct financial reporting to support sound financial decision making. The role will also be required to contribute towards the optimization of the financial function, improvement of financial processes in a procurement function. The ideal candidate must be a qualified CA(SA)

KEY RESPONSIBILITIES: 

• Manage all aspects of supply chain function and the effective operation thereof within the company.
• Develop and execute procurement strategies , policies and procedures across company’s purchasing function;
• Perform detail analysis and set appropriate benchmarking for effective cost management.
• Manage the strategic sourcing and cost optimization of product and services.
• Ensure compliance with relevant legal and statutory requirements and internal Procurement guidelines.
• Implement and improve on purchasing tools and techniques.
• Negotiate with suppliers to secure advantageous terms.
• Review and implement supply structures with off balance sheet funding
• Review and implement supply agreements with international suppliers to ensure constant supply of components at preferential rates to Netstar.
• Review current supply / procurement arrangements with contract manufacturers
• Review and finalize purchase details of orders and deliveries for accuracy and validity.
• Source all company requirements, locally and internationally;
• Negotiate with suppliers on price, delivery, quality and terms of payment;
• Coach and guide direct reports;
• Develop and maintain approved Vendor list and evaluate on a continuous basis;
• Negotiate new contracts, where applicable;
• Provide monthly procurement/financial reports to EXCO
• Ensure that foreign exchange rates are managed back-to-back with customer agreements in line with our Finance department’s regulations, whilst ensuring that forex exposure is managed in accordance with company and group policies”

CORE RESPONSIBILITIES:

PROVIDE GENERAL FINANCIAL MANAGEMENT SUPPORT:

• To resolve or escalate all customer queries/complaints according to relevant Netstar policy and procedure.
• To administer, update and process all required financial information on the relevant financial system according to the relevant Netstar policy, procedure, and internal controls.
• To update and post deferred billing and pre-payments monthly for income received in advance according to relevant Netstar policy, procedures, and internal controls.
• To prepare sales commission schedules, liaise with sales staff and related parties to ensure accuracy. Communicate and follow up on changes required, process relevant journals in relation to commission accruals and commission payments, all in line with Netstar policy, procedure, and internal controls.
• To reconcile monthly balance sheet accounts, follow up on outstanding processing relating to the balance sheet and highlight any exceptions to the relevant manager according to the relevant Netstar policy, procedure, and internal controls.
• To investigate and rectify errors found on the exception reports of relevant system according to Netstar policy, procedure, and internal controls.
• Drive the process for sign-off on systems consumption business and ensure compliance according to Netstar policy, procedure, and internal controls.
• To liaise with the AP department, Billing– and Procurement- to ensure timely processing and provide up to date feedback to relevant customers in accordance with Netstar policy, procedure, and internal controls
• Accuracy and attention to details is imperative when processing journals, reviewing information already processed in the financial system.

CONDUCT FINANCIAL REPORTING:

• Compile monthly and year end reporting packs within communicated deadline

ASSIST WITH THE BUSINESS UNIT BUDGETING AND FORECASTING PROCESS:

• Source and collate financial information, historical trends, and growth estimations.
• Compile the monthly forecast and budget for assigned business unit;
• Provide guidance and governance in finalizing the forecast and budgets;
• Support the Business Unit to monitor and track financial expenditure; and
• Ensure that any existing variances between actual and forecast / budget are fully analyzed and verified.

CONTRIBUTE TOWARDS THE OPTIMISATION OF THE FINANCIAL FUNCTION, IMPROVEMENT OF FINANCIAL PROCESSES, AND PROVIDE FINANCIAL BUSINESS SUPPORT TO LINE OF BUSINESS UPON REQUEST:

• Complete selected quality audits within area of responsibility.
• Measure compliance and evaluate efficiency of financial processes and systems;
• Ensure that the required processes and system are in place to facilitate effective and efficient forecasts and budgets;
• Confirm that work processes and systems are aligned to AMS reporting requirements;
• Prepare adhoc financial statement reports and statistics upon request; and
• Participate in various meetings to give input to ensure the accuracy of financials and action corrective measures.

ACCOUNTABILITY 

• Revenue under management
• Budget under management

 COMMUNICATIONS & WORKING RELATIONSHIPS:

• Trust, teamwork, communication and respect are keys to effective working relationships. Develop positive relationships with the individuals you interact with at work to make your job more enjoyable and productive.

QUALIFICATIONS, EXPERIENCE, & SKILLS: 

Educational Qualifications:

• Degree in Bcom Accounting
• Preferential Honours in Accounting
• Newly qualified CA(SA)

Years of Experience

• 2-3 years experience
• Proven relevant experience in ERP and Accounting systems

Other requirements

• Financial acumen
• Business acumen
• Analytical Skills
• Excellent communication skills
• Computer Literacy (PowerPoint, Word, Outlook & Advanced Excel skills)
• Reporting Skills