Finance Manager at Ascendis Health

Job Purpose

• Developing strategic financial direction for Respiratory Care Africa with key milestones and targets
• Providing accurate financial reports and interpreting financial information
• Ensure compliance of all regulatory requirements from a Finance perspective
• Supervising staff and coordinating financial activities
• Monitoring and interpreting cash flows and predicting future trends
• Developing financial management controls to minimise financial risks
• Managing budgets, forecasts and net working capital projects
• Liaise with external auditors and internal auditors
• Reduction in Internal and External audit management report issues
• Assisting the MD with Strategic forecasting for the business unit
• Value of input into key financial decisions taken
• Improvement on Cash Conversion Cycle (Working Capital Days)
• Implement effective Processes and Procedures that drive efficiencies and productivity within Finance department
• Measurement and achievement of the prescribed EBITDA

Key Job Outputs

• Interpret the company's financial results to management and recommend improvements
• Review company bottlenecks and recommend changes to improve the overall level of company throughput
• Cash flow management and forecasting including measuring the budgeted cash flow vs actual cash flow and ensuring excess cash is managed accordingly
• Measurement and achievement of the prescribed EBITDA

Financial Reporting

• Assist with the preparation of the Annual Integrated Report
• Assist with the preparation of the Annual Impairment Tests
• Assist with the preparation of the Business Combination/PPA Process
• Assist with the preparation of the Annual Financial Statements
• Cash flow Consolidation and review
• Intercompany reconciliations
• Manage Budget and forecast process
• Consolidation of Divisional budgets (I/S, B/S, CF and Capex) and preparation of Budget pack

Financial Analysis

• Divisional monthly results review
• Month end Divisional commentary for HO submission
• Divisional WC Review and Commentary
• Preparation and Distribution of Divisional Reporting Packs
• Review and consolidation of monthly rolling forecast
• Review of monthly internal IFRS packs
• Review of internal tax packs
• Review of Provisional tax computations
• Review of Operating Company AFS
• Compile key business metrics and report on them to management
• Create additional analysis and reports as requested
• Building and maintaining a forecast IS, BS and cash flow models
• Knowledge of LC's and Guarantees
• Management of the working capital facilities;
• Management of Hedging - Interest rate and FX hedging;
• Commentary of Accounts Receivable and Payable DSO’s
• Accounts Receivable and Payable Age Analysis review
• Achievement of cash conversion targets
• Review Key Balance sheet reconciliations
• Quarterly review of Divisional Balance Sheet reconciliations
• Review of Inventory Balances to Management System
• Review of obsolete stock and slow-moving stock provision
• Review and Approve Payroll from HR
• Set and Review of Annual KPI’s for self and staff
• Quarterly insurance review
• Identify and react quickly to problems and develop appropriate internal controls to minimize financial risk
• Conducting reviews and evaluations for cost-reduction opportunities
• Prepare ad hoc analyses and reports as required
• Attend to ad hoc queries as required

Relationship Management

• Building and maintaining relationship with the Banks, specifically from an operational and working capital perspective
• Liaison with Banks and HO Finance Department where required
• Building and maintaining relationships with suppliers
• Manage company audit processes with internal and external auditors
• Review Audit Management letters and implementation of controls thereof
• Financial staff management by ensuring correct staff in correct positions
• Assessing Finance Staff’s performance as per the usual performance review process
• Developing Finance Staff to ensure succession planning and continuity within the department

Core Competencies

• Integrity: Ability to reflect acceptable levels of moral values and business ethics.
• Customer focus: Willingness to respond to the needs of internal and external customers.
• Results driven: Strive for excellence to ensure success and work well under pressure.
• Assertiveness: Getting team to perform their tasks without arousing hostility.
• Business Acumen: The ability to identify business opportunities and successful manage commercial risks.
• Financial interpretation: Analyse and understand financial data.
• Negotiation: Ability to confer or bargain to reach an agreement.
• Accountability: The obligation to account for one’s activities, accept responsibility for them, and to disclose results in a transparent manner

Strategic Financial skills required

• Excellent Excel Skills
• Advanced knowledge of VENA/ COGNOS advantageous
• Solid Understanding of IFRS reporting
• Computer skills (MS Office)
• Experience in international financial management advantageous
• Experience in setting up / managing of BI systems

Qualifications/Experience

• Qualified Chartered Accountant
• 8 - 10 Years’ experience in Financial Management
• Minimum of 5 years’ executive level experience within a distribution operating model