Business Financial Risk and Control Manager at Astron Energy (Pty) Ltd.

As a key member of the Astron Energy Finance Team, ensuring the delivery of the Financial Risk and Assurance Framework (FRA) following COSO principles. Oversee and manage financial risk assessment, control, and mitigation strategies to ensure the organization's financial health and compliance with UK Corporate Reform (“UKCR").

Reporting into the Senior Manager: Financial Accounting & Tax and working as part of the global FGA, the Financial Risk & Controls Manger is a leading subject matter specialist on Financial Risk Management and Internal Controls and is a valued partner to the business. Key responsibilities include:

SOX Compliance Oversight

• Monitor changes in regulatory requirements and industry best practices related to SOX compliance
• Develop and sustain industry leading financial control policies and procedures.
• Ensure technology solutions to manage the control framework is evolving and meeting the business needs.
• Reassess and revise the FRA framework based on business changes.

Risk Assessment and Internal Control Design

• Coordinate the financial statement risk assessment and scoping process, including assessments on current and emerging risks.
• Coordinate the identification of controls to mitigate the key risks.
• Drive consistency in financial/business processes, risk assessments and key controls in the regions, aligned with the Financial Control Framework.

Testing and Evaluation

• Coordinate management attestations and management testing of controls.
• Develop and execute a testing plan for SOX controls including testing controls’ effectiveness and identifying any deficiencies.
• Process Improvement
• Coordinate continuous improvement and leading-edge challenge initiatives.
• Be responsible for SOX controls enhancement / improvement programmes.
• Assist in the determination and coordination of root-cause analysis and propose constructive and practical improvements.

Documentation and Reporting

• Implement, maintain and update Financial Controls/SOX risks and controls documentation.
• Support internal/external audit work, as required.
• Prepare and present reports to management, audit committees and other stakeholders regarding the status of SOX compliance efforts.

Training and Communication

• Lead training on business process management and internal control principles.

Issue Resolution

• Take ownership in leading the process to address control deficiencies, implement corrective actions and track remediation efforts.

Skills and abilities needed to perform role

• Proven ability to effectively plan, coordinate and manage change in business practices.
• Strong motivation to meet deadlines while working with various stakeholders.
• Creativity and initiative in work product, positive and helpful attitude proposing solutions to resolve problems.
• Excellent analytical and creative problem-solving skills
• Strong interpersonal abilities to collaborate effectively with diverse teams.
• Excellent oral and written communication skills with report writing.
• Team player, prepared to work flexibly with various stakeholders.

Knowledge and experience

• Bachelor’s University degree required; areas of study could include (but are not limited to) Accounting , Finance, Internal Audit or related field.
• At least 4 years’ experience in an international company with a focus on financial risk management and internal controls
• Hands on risk and internal controls experience including design and implementation of internal controls frameworks according to SOX or COSO
• In-depth knowledge of generally accepted accounting principles.
• Experience in Internal and External Audit engagements would be relevant.
• The following certifications are a plus, Certified Internal Auditor (CIA), CA(SA), or CISA