Finance Manager at Fraser Alexander (Pty) Ltd.

Description

This position is responsible for the full spectrum of financial and management accounting, including regulatory reporting for the responsible divisions within Fraser Alexander and day to day operational procurement. The incumbent will be responsible for the financial management of both the Tailings and Mineral Processing divisions of Fraser Alexander within South Africa.

RESPONSIBILITIES

Financial Management

• Co-ordinating the planning and budgeting processes, setting financial targets and key performance indicators for the division
• Assessment of and providing input on balance sheet management (assets and liabilities)
• Ensuring debt collection is controlled as per contractual arrangements with clients
• Ensuring that systems and processes for financial administration and control and protection of the division’s resources and assets are adhered to
• Participate at Group level in the development and implementation of corporate governance, tax and statutory accounting standards
• Overseeing of correct application of commercial contracts (revenue and costs)
• Promoting arrangements to identify and manage key business risks, including safeguarding assets, risk mitigation and insurance
• Overseeing of capital projects and post completion reviews
• Applying discipline in financial management, including monitoring debt collection, cash flow, approval of expenditure and ensuring contractual terms for revenue escalations are affected

Enterprise Risk Management

• Management of financial risks at divisional level in accordance with group enterprise risk management policy
• Participate in group risk assessment process and mitigation of risks
• Preparation of divisional enterprise risk management report

Reporting

• Review of monthly divisional reporting
• Oversight and review of divisional budget, including detailed supporting schedules
• Preparation/review of input for Manco, Exco and board financial reports
• Ensuring compliance with statistical and other government departmental requirements related to Finance as specified by Group

Commercial Management

• Review of tenders and other client proposals to ensure corporate guidelines and financial principles for assessment of financial viability of the tender or proposal have been adhered to
• Review contract documentation and ensure that financial risks have been properly taken into account and mitigated where feasible
• Preparation of financial feasibility models for tenders/ proposals

Taxation

• Provide assistance with any SARS queries related to the division
• Monitoring of tax compliance as part of development of tenders and other proposals
• Participate in tax planning during budgeting process
• In depth offshore tax knowledge (direct and indirect taxes)

Team Management and Collaboration

• Ongoing collaboration with the COO and CFO and his/her direct reports regarding financial, commercial, enterprise risk management and IT related matters
• Management of SLA’s for ERP and HRM systems to ensure optimal service, thereby enhancing team effectiveness

Divisional Strategy

• Provide assistance with the development and implementation of divisional strategy within the framework of group strategy
• Actively involved in, and able to bring influence to bear on, all material divisional decisions to ensure that implications, opportunities, and risks are fully considered

Internal and External Audits

• Review of audit findings related to divisional processes and coordinate management comments
• Implement any relevant improvements/recommendations
• Provide assistance in carrying out internal and external audits

Supplier and Procurement Management

• Negotiate the best prices and contract/purchasing terms with key suppliers
• Ensure compliance and adherence to Group procurement procedures
• Ensure divisional procurement savings initiative are achieved

Requirements

QUALIFICATIONS

• CA (SA) with completed articles

EXPERIENCE

• Minimum 10 years experience post articles
• Mining, construction or manufacturing industry work experience preferable
• Exposure to commercial management and contracts
• Must have been a member of senior management previously

SKILLS, QUALITIES AND ABILITIES REQUIRED

• Ethical
• Professional, competent, & customer focused individual
• Advanced Computer literacy
• An analytical problem solver & solutions merchant 

Closing date: 03 July 2023