Finance Manager Reporting at MultiChoice

Purpose of the Position:

• Responsible for the overall function of MCSA Business Unit (BU) and Group Reporting; including Financial reporting, financial planning and analysis and tax management.

Key Performance Objectives

Reporting and analysis

• Responsible for MCSA Group consolidation of the MCSA BU and its subsidiaries for reporting to MultiChoice Group
• Manage and review the completion of the month end requirements for MCSA BU and Group, within deadlines, to provide
• Consolidated results of MCSA Group for actual monthly, interim reporting, year-end reporting, forecasts and budgets annually
• Accurate reporting of consolidated actual, budget and forecast processes on HFM (Reporting system) and RFC BPC system
• Variance analysis inclusive of meaningful commentary and understanding of variances between actual results and budget, forecast and prior year providing a presentation for the Group
• Responsible for ensuring the accounting records correctly reflect the results of the business unit’s financial performance (IS, BS & CF)
• Identification and execution of corrective actions and ensuring standardisation across the MCSA Group
• Ensure adherence to ultimate group deadlines
• Management of Financial Planning and Analysis for Budget and 24 month rolling forecast
• Consolidation of the Budget and 24 month rolling forecasts
• Review of rolling forecasts and variance analysis monthly and ensuring accuracy of the numbers
• Preparation of the MCSA Group presentation
• Management of Treasury and cash flow forecasting for MCSA business unit
• Review of monthly cash flow forecasts and assessment of variances and trends
• Provide a consolidated treasury and cash flow forecasts
• Identify and implement improved internal processes for preparation of monthly cash flow forecasts
• Tracking of cash flow on an ongoing basis to enable determination of projections and current position in real time.
• Preparation of Financial accounting position papers on the accounting treatment of issues noted in monthly and external audit reporting processes.
• Attend monthly financial reviews with all business units to identify and drive correction of any issues noted, including providing advice on implementation of required controls.
• Assist in managing internal and external auditors for the MCSA BU and Group ensuring compliance with MCG requirements and deadlines
• Preparation of the interim and year end instructions to ensure smooth audit process
• Review of the MCG statutory and supplementary financial packs, supporting schedules reports for half-year and full-year audits and managed the AFS process with FSS

Project Management

• Manage team members to create a motivated, energized and empowered culture and ensure effective delivery of business unit objectives.
• Develop a high performing team by embedding formal performance development, coaching, mentoring and knowledge sharing.
• Create and drive a culture of continuous improvement to elevate the performance of the finance function
• Develop strong working relationships with direct team and business unit finance teams to leverage, persuade and influence delivery and ensure responsiveness and compliance to Group timelines and requests
• Identify development needs for the team and ensure that identified training requirements are budgeted for and executed.
• Approve leave requests for team members and create leave plan to ensure adequate coverage

Stakeholder Management

• Regularly update senior executives and the CFO on financial performance, budgetary matters, and strategic financial planning.
• Collaborate with department heads to align financial goals with operational objectives, ensuring that budgets and financial plans are understood and adhered to.
• Collaborate with other departments, such as marketing and sales, to align strategies that consider potential currency-related impacts on pricing, revenue, and market demand.
• Effectively communicate the potential impacts of foreign currency exposure to senior management, stakeholders, and relevant departments.
• Maintain effective communication with suppliers and vendors regarding payment terms, invoices, and any financial matters.
• Collaborate with strategy and business development teams to assess financial viability of new projects, acquisitions, and market expansions.
• Engage with clients and vendors on billing, invoicing, and payment terms, ensuring clarity and timeliness.

People Management

• Manage team members to ensure effective delivery of business unit objectives.
• Develop a high performing team by embedding formal performance development and informal coaching. Encourage frequent knowledge sharing between team members.
• Determine and analyse development needs for the team and ensure that identified training requirements are budgeted for and executed.
• Interview and recruit new members of the team, including determining appropriate compensation levels with input from HR
• Create effective workforce and recruitment demand plans to ensure that current and future business requirements can be met.
• Review and update the department’s organisation structure and role description on at least an annual basis to ensure that they are fit for purpose and contain all the accountabilities of each team member.
• Approve leave requests for team members and create leave plan to ensure adequate coverage.
• When required, initiate disciplinary processes for team members calling on support from HR when required.
• Resolve grievances raised by team members and escalate only if required.
• 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)

Experience / Skills

• 8-10 years’ experience in a Financial Accounting Reporting role, of which at least 4 years should be in a similar role
• Demonstrable experience in developing a high performing and independent team
• Experience working in multinational listed group
• Budget and forecast consolidation, analysis, and presentation
• Sound SAP and HFM systems knowledge and experience
• Intercompany accounting experience
• Sound knowledge of taxation rules

Technical Competencies

• Budgeting and Forecasting
• Cash Flow Management
• Contract Analysis and Negotiation
• Financial Analysis
• Financial Modelling
• Financial Risk Management
• Financial Reporting
• Financial Technology (FinTech) Integration
• Project Financial Management
• Sensitivity Analysis
• Tax and Regulatory Compliance