Chief Financial Officer - Transaction Junction (Cape Town) at Blue Label Telecoms

JOB PURPOSE

The purpose of the role is to partner with the Managing Director, functional leaders and group stakeholders to support strategy development, setting financial objectives, risk management and business analysis. The role is also responsible for accurate and timely execution and management of the finance function as well as providing strategic direction to the business alongside direct responsibility for cash management, strategic analysis and scenario planning.

RESPONSIBILITIES

Strategic Financial Planning

• Develop, implement, monitor, review and evaluate the business financial strategy
• Creating a financial operating model that is robust, scalable and designed to support business growth
• Treasury and cash management - Lead liquidity management and manage cash flows including detailed cash flow forecasting
• Creating, monitoring and analysing financial and operational metrics that track performance and provide insights
• Assess capital finance proposals and the financial status of operational projects
• Advise on investment strategies, sources of funds and the distribution of earnings
• Evaluate and advise on the impact of long-term planning, introduction of new programs/ strategies and regulatory action
• Provide financial information and interpreting the implications for business performance and funding needs
• Coordinate the development, implementation and monitoring of accounting and business systems and processes
• Direct the preparation of financial reports summarizing and forecasting the organization’s financial position such as income statements, balance sheets and analyses of future earnings and income
• Manage business information strategy, development and implementation of business systems to assist with analytics.

Finance Operations

• Provide accurate, complete and understandable financial information to department heads and the executive team
• Financial modelling, scenario planning and cost-benefit analysis
• Drive the implementation and provision of sound financial, business intelligence and management services to the organization
• Ensure the provision of financial and material resources to support operational strategies
• Ensure adequate procurement practices and vendor management, manage relationships with service providers and other agreed stakeholders across the entire business
• Business optimisation including quality, and profitability improvement and not at the expense of effectiveness
• Drive continuous OPEX improvement and ensure optimal allocation of resources
• Organise and manage the finance department in order to ensure the best execution of accurate financial controls and reporting. This includes:  Full accounting function; Tax planning, submission and compliance

Budgeting and Forecasting

• Management of the budgeting process and preparation of monthly forecasts to ensure the business is meeting its financial objectives
• Prepare and submit annual budgets for approval from the Group Financial Director

Corporate Governance

• Monthly shareholder reporting, management accounts and board reports
• Full responsibility for external audit and any other statutory and regulatory reporting
• Establish and maintain strong relationships with Board and Shareholders to identify their needs and seek full range of business solutions
• Ensure credibility of Finance department by providing timely and accurate analysis of budgets, financial trends and forecasts
• Ensure the organisation complies with statutory legislation and corporate governance frameworks
• Accountable for the formulation of policies and procedures in line with relevant legislation and ensure implementation thereof
• Implement and maintain systems, procedures and controls for efficient and accurate accounting, analysis and reporting
• Define Policies, Processes and procedures to streamline the business and optimize efficiencies

Risk Management

• Identify potential and current financial and operational risks
• Develop and implement policies to mitigate potential risks
• Report identified risks to relevant stakeholders and action plans thereof
• Deciding on investment strategies by considering cash and liquidity risk
• Performing risk management by analyzing the organization’s liabilities and investments

Work Collaboratively

• Build a culture of respect and understanding across the organisation
• Recognise outcomes which resulted from effective collaboration between teams
• Build co-operation and overcome barriers to information sharing, communication and collaboration across the organisation
• Facilitate opportunities to engage and collaborate with external stakeholders to develop joint solutions
• Collaborate with other leaders to deliver a superior customer experience

Leadership

• Be an effective inspirational leader to facilitate the creation of motivated, accountable, full-service teams who understand and strive to meet the needs of all stakeholders
• Coach and counsel operational managers and staff to develop, support, and sustain a continuous improvement culture
• Role model behaviour and motivate team members in line with the Blue Label Telecoms values and ethos
• Translates strategy into goals for performance and growth helping to implement organisation-wide goal setting, performance management, and annual operating planning
• Identify the capabilities needed to meet the current and emerging business needs of the organisation
• Evaluate current capabilities, identify gaps, and prioritize development activities.

Self-Management

• Set an example through personal quality and productivity standards and ways of working with others
• Demonstrate consistent application of internal procedures. Plan and prioritise, demonstrating abilities to manage competing demands
• Demonstrate abilities to anticipate and manage change
• Demonstrate flexibility in balancing achievement of own objectives with abilities to understand and respond to organisational and team needs

Requirements

BEHAVIOURAL COMPETENCIES

• Strategic Mindset
• Balances Stakeholders
• Business Insight
• Collaborates
• Plans and Aligns
• Communicates Effectively
• Situational Adaptability
• Drives Vision and Purpose
• Builds Effective Teams
• Instills Trust
• Builds Networks 
• Builds Networks 
• Resilient

SKILLS

• Strategic Planning
• Data Collection and Analysis
• Reporting
• Compliance Management
• Policy and Regulation
• Managing Change
• Costing and Budgeting
• Financial Accounting
• Numerical Skills
• Financial Modelling
• Financial analysis

EDUCATION

• Matric
• CA(SA) minimum requirement
• Post Graduate Business Degree advantageous

EXPERIENCE

• At least 10-12 years post-qualifying experience with a minimum of 2 years in a similar role
• Relevant experience in fintech, ICT and/or technology industry
• Extensive knowledge of financial reporting in accordance with IFRS
• Experience in managing a full finance function
• Competent in engaging with and presenting to executives, shareholders and board members – the ability to conceptualize strategic objectives; interpret complex financial and accounting data into useful information for a wide audience; present financial performance and drive shareholder value
• Strategic, autonomous and commercially minded individual
• Must be analytical with sound interpersonal abilities