Finance Manager - Hammarsdale at Rainbow Chicken

Role Purpose:

Responsible for commodity procurement financial reporting and compliance and corporate treasury functions of the business.

Primarily entails financial/statutory reporting, derivative accounting, cash flow and loan management, transactional treasury, cash forecasting and working capital functions.

Required Qualifications:

• CA (SA)

Required Experience:

• Minimum 4 years post-articles experience in a financial accounting and treasury environments

Required Knowledge:

• Financial accounting and treasury principles and practices
• Cash flow planning and execution
• Highly numerate and able to analyze statistical information and interpret financial data to produce reports

Required Skills:

• Experience in technical financial accounting reporting, cash flow and working capital management
• Derivative experience will be advantageous  
• SAP FI experience preferable
• Advance MS Excel
• Ability to analyze large amounts of data
• Attention to detail

Key Responsibilities:

Commodity Finance and Compliance

• Compilation and preparation of monthly management packs for review.
• Supervision of all General Ledger functions.
• Providing commentary on the financial performance.
• Ensuring compliance with IFRS 9 reporting standards and preparing relevant IFRS9 calculations.
• Managing derivative allocations using Cognos.
• Calculation and management of MEBIT pass back.
• Handling mark-to-market calculations and tracking trades on CBOT.
• Preparation of relevant financial statements notes.
• Preparing sensitivity calculations for derivative instruments.
• Facilitating both internal and external audit processes.
• Serving as a super user for SAP, overseeing system functionality.
• Managing of cash forecasting.
• Handling reporting activities for intercompany transactions.
• Managing and tracking currency trades, settlements, and calculating PNL.
• Policy monitoring and amendments.
• KPI tracking of commodity prices.
• Profitability tracking of commodities.

Treasury

• Oversight and management of cash flows forecasting and cash utilization.
• Reviewing and analyzing regional cash flow forecasts.
• Managing loans and ensuring compliance with limits.
• Supervising day-to-day transactional banking activities.
• Handling resolutions related to banking matters.
• Overseeing the structure of banking operations.
• Managing and maintaining banking accounts.
• Handling leasing activities with Wesbank.
• Managing foreign exchange exposure, tracking deals, calculating profit and loss, and determining effective rates.
• Facilitating both internal and external audit processes.
• Managing AFS disclosure requirements.
• Approving daily requirements related to creditors.
• Quarterly forecasting: Preparing working capital forecast balances, calculating interest costs, and ensuring accuracy of loan/cash balances.
• Providing commentary on actuals vs target vs quarterly forecast variances.
• Updating and tracking weekly forecasts.
• Monthly credit risk reporting.
• Reconciliation of Rainbow customer account to statement, preparation of clearings and calculation of debtors days.
• Tracking of debtors exposure and credit limits.
• Identifying and addressing process inefficiencies relating to cash and working capital.
• Monitoring of creditors days.

Teamwork and Self- Management

• Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning and prioritizing, and self-development.
• Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
• Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution.
• Support and drive the business core values.
• Manage colleagues’ and client’s expectations and communicate appropriately.
• Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives.
• Champion training and development of self and others through utilizing available training opportunities.
• Participate in and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.

Staff Management

• Lead and develop staff within the context of the Labour Relations Act, Employment Equity Act, Basic Conditions of Employment Act and the Skills Development Act.
• Monitor staff performance and provide regular feedback.
• Manage staff activities, ensuring service levels are met and protocols are adhered to.
• Coach and support staff where necessary to achieve objectives.
• Manage staff leave and general time management issues in line with organizational deliverables and standards.
• Champion staff training and development through the utilization of available training opportunities or contributing to the development of new training solutions in collaboration with national training specialists.
• Conduct regular performance appraisals with subordinates.
• Establish sound staff and labour organising and communication structures and systems.
• Lead the team towards meeting the strategy and targets through regular communication and utilization of the full organizational talent management tool set.
• Conduct regular meetings and ensure that records are kept and shared across the team and that action plans agreed to within team meetings are delivered upon.