Finance Manager at AltGen South Africa

• AltGen is seeking an experience Finance Manager (Financial Control & Revenue) to join a renewable energy EPC based in Cape Town. The role will be responsible for overseeing project financial performance, ensuring accurate revenue recognition, monitoring project costs and profitability, and providing financial insight to support commercially sound decision-making across a portfolio of solar projects. The Finance Manager will work closely with project managers, procurement teams and senior leadership to drive financial visibility, improve project outcomes and ensure compliance with IFRS and internal control frameworks.

Responsibilities
Revenue and Cost recognition:

• Ensure revenue is recognised in accordance with project milestones, contractual terms and IFRS/IAS guidelines (e.g., percentage-of-completion methods).
• Track project billing schedules, change orders and customer invoicing to align recognised revenue with actual delivery progress.
• Assess and review account receivables, ensuring projects are invoiced in accordance with contract timelines
• Monitor aged receivables and collection performance, reporting trends and highlighting aged receivables to the GFM timeously
• Maintain accurate project-level financial reports and cost ledgers.
• Monitor and analyse actual project costs against budgets provided by project managers.
• Investigate and explain material cost variances, labour overruns, delays or procurement deviations.
• Ensure procurement data is properly matched to the correct project cost centers.
• Act as a financial expert to project managers—challenging assumptions, flagging potential overruns and providing financial insight.
• Review and report gross margins per project monthly, identifying trends, risks, and corrective actions.
• Provide forward-looking gross profit forecasts, including scenario modelling based on cost fluctuations or delivery risks.
• Recommend commercial or operational interventions to protect or improve GP.
• Review and maintain appropriate cash flow forecasts for revenue and related project costs.
• Review gross margin performance and project profitability trends.
• Provide commentary on key revenue and cost drivers.

Financial Reporting

• Prepare accurate month-end reports and dashboards for finance and executive stakeholders.
• Maintain financial documentation to support project audits and board-level reporting.
• Review and challenge management accounts prepared by the Financial Accountant.
• Review bank reconciliations and ensure variances are resolved timeously.
• Review monthly journals ensuring completeness and accuracy of financial records
• Assist in providing commentary to the GFM for monthly, quarterly, annual management and Board reports

Salary Processing & Salary Control Oversight

• Review Salaries prepared by HR, ensuring accuracy of salary.
• Review salaries journals to the general ledger.
• Ensure PAYE and related statutory payroll submissions are accurate and timeously filed.
• Coordinate salary payment runs and ensure appropriate authorisation controls are followed.
• Review salary control accounts monthly and ensure discrepancies are resolve.
• Maintain appropriate payroll documentation and audit trails.

Tax

• Prepare monthly tax computation, including forecasts, for reporting.
• Prepare provisional and final tax computation and ensure all relevant supporting schedules are complete and accurate.
• Review VAT submissions prepared by the Financial Accountant.

Compliance and controls

• Ensure all project accounting practices adhere to internal controls, finance policies, and audit requirements.
• Review significant journals, reconciliations and accounting adjustments prepared by the Financial Accountant.
• Escalate material accounting risks and unusual transactions to the GFM.

Requirements:

• Bachelor’s Degree in Accounting, Finance or equivalent
• CIMA, SAICA or SAIPA professional designation
• Minimum of 2 years of experience in project-based environments such as construction, EPC, infrastructure or renewable energy
• Strong understanding of financial reporting and IFRS
• Strong commercial and analytical skills
• Advanced Excel skills are essential