Finance Manager at Media24 (Pty) Ltd

Main purpose of the role:

To manage the finance department, including the month-end closing process, preparation of annual budgets and forecasts, providing financial information to the senior management while ensuring compliance with IFRS, statutory requirements and the group policies and deadlines.

Key responsibilities:

(The primary tasks, functions, and deliverables of the role)

• Manage the financial month-end closing process (posting and approving journals in SAP, uploading information in HFM, preparation of financial reports, etc.) in line with IFRS and the group policies and timelines;
• Manage the year-end and half-year-end financial closing process, prepare financial packs for the group consolidation and disclosure;
• Prepare, review, and consolidate budgets and forecasts;
• Prepare and review balance sheet reconciliations;
• Prepare and review Annual Financial Statements for the company’s subsidiaries;
• Provide information requested by the internal and external auditors;
• Manage tax compliance, prepare tax returns for foreign subsidiaries;
• Prepare financial analyses requested by the CFO and other members for senior management to support decision-making;
• Design, implement and monitor policies and processes for the team and the division, in compliance with divisional and group financial strategy;
• Manage and ensure IFRS compliance and legal compliance (relevant acts including but not limited to Companies Act, Income Tax Act, VAT Act);
• Consolidate financial information prepared by the Management Accountants;
• Continuously look at ways to reduce costs and improve efficiency;
• Manage team members in such a way that they are motivated, energised and empowered;
• Assist the CFO with strategic financial management and projects.

Skills and competencies

(The abilities that the individual needs to perform this role effectively)

• Advanced analytical skills
• Attention to detail
• Pressure resilience
• Leadership ability
• Strategic thinking
• Influencing skills
• Excellent verbal and written communication skills

Requirements

• Tertiary qualification in accounting / finance - CA (SA) or similar.
• 5+ year’s post qualification experience in the corporate environment.
• At least 2 years’ experience managing a finance team.
• Experience in media or distribution industry is a plus.
• Previous experience with SAP is essential, experience with HFM is a plus.
• Thorough knowledge of International Financial Reporting Standards (IFRS).
• Knowledge of tax legislation and the Companies Act.
• Sound knowledge of the budgeting and forecasting processes.
• People management processes.