Finance Manager at MultiChoice

Purpose of the Position:

• Responsible for the accuracy of statutory & management reports, support function budgets and forecasts, and financial planning. Support the business unit executive structure in analysing and improving financial results with the main focus on support functions and business partnering with different heads of department to identify and evaluate opportunities to improve bottom line business performance and ensure that change initiatives are implemented. Here the most attention will be paid to cost management, financial review of support function budgets, variance analysis, treasury forecast for the support functions and procurement compliance activities.

Key Performance Objectives

Business Partnering

• Take overall accountability for the finance management of the Support functions and be the first point of contact on financial matters to Support divisional Heads
• Support business heads with Finance requirements such as opex & capex planning and investment decisions
• Provide Finance-related advice and analysis relevant to each division within the support function
• Partner with business heads to drive cost savings initiatives and improve efficiencies
• Proactively partner with the business to identify and evaluate opportunities to improve bottom line business performance and ensure that change initiatives are implemented
• Ensure all financial policies and procedures are communicated and adhered to in day-to-day operations
• Policy compliance custodian for the division

Perform Financial Planning and Analysis

• Provide guidance and facilitate the target setting, budget and forecast processes the support functions and ensure it aligns with Business Unit objectives
• Prepare and present budgets for Support to the MultiChoice SA executive team
• Attend business partner management meetings to present finance results
• Work with the heads of department to budget for Support functions to enable detailed analysis and commentary
• Review and submit consolidated 24-month Treasury cash flow forecasts to the reporting team.
• Prepare monthly reporting pack (financial, non-financial and headcount data, including financial performance and variance analyses of actuals against plans, forecasts, prior periods)
• Prepare divisional performance reporting for monthly and year to date results against budget and forecasts and present these to the Head of department and Reporting team on a monthly basis providing meaningful commentary
• Provide meaningful ad hoc financial analysis as required

Support Finance and

General Accounting

operations and External

Reporting

• Direct all ongoing financial activities associated with month-end, quarter-end, half year and year-end and ensure delivery within set Reporting timelines
• Review related month-end entries including accruals for Support
• Review for accuracy and quality of the balance sheet reconciliations related to Support
• Responsible for the approval of purchase requisitions per the delegation of authority framework and confirm validity of the expense and availability of budget
• Drive compliance within procurement processes to ensure that all work is undertaken on the basis of a PO (excluding valid exceptions) ensuring no retrospective POs within area of accountability
• Assist in preparing schedules for internal and external audit
• Consult with the Shared Services Central Accounting team on continuous improvement and timeous execution of deliverables

People Management

• Oversee the activities of the team to ensure effective delivery of business outcomes
• Create effective workforce and recruitment demand plans to ensure that current and future business requirements can be met
• Resolve grievances raised by team members and escalate only if required
• Develop a high performing team by embedding formal performance management process using I-perform system and informal coaching. Encourage frequent knowledge sharing between team members
• Address poor performance of any team member through the formal Performance improvement programme and ensure that continued poor performance is appropriately dealt with
• Motivate team members and ensure that their efforts are recognised.

Qualifications

• Must be a CA (SA) or CIMA

Experience / Skills

• Has 6 years of experience (Accounting, Finance or Business Administration);
• Minimum 3 years people management experience
• Industry understanding and experience would be advantageous
• Sound Business Acumen
• Solid SAP system experience
• Sound knowledge of IFRS and Income Tax Act
• Intercompany accounting experience is essential
• Financial Modelling experience
• Advanced Excel skills
• Experience managing a minimum of 2 people
• Fluent in English
• Good communication, presentation skills;

Competencies                                                           

• Speed and accuracy with figures
• Stakeholder management
• Attention to detail
• Proactive and ability to plan ahead
• Ability to prioritise in order to meet multiple deadlines
• Ability to work under tight deadlines and pressurised situations
• Ability to work independently with minimal supervision
• Ability to think and move quickly in a dynamic fast moving environment
• Excellent communication skills- upward, downward and lateral
• Knowledge of financial accounting theories and ability to apply them proficiently.
• Technical knowledge of financial accounting systems, process automation, and business intelligence and analytics