Financial Manager at Eskom Pension and Provident Fund

Description

 Act as financial custodian for EPPF 

• Determine and implement policies, procedures and processes for Finance in line with the wider EPPF Finance policies, regulatory/statutory requirements and good practice
• Periodically review the extent to which policies, procedures and processes are adhered to and take corrective action where needed.
• Establish and implement the necessary governance and decision-making frameworks within Finance.
• Improve and optimise finance processes and systems from time to time
• Perform the role of custodian of signing authorities in accordance with agreed delegation of authority.
• Provide appropriate and accurate information for internal and external audit purposes within specified deadlines.

Manage the annual budgeting process

• Lead the annual budget process for the Fund.
• Proactively manage costs against approved budget, provide meaningful variance analysis reports and ensure corrective action is taken.
• Undertake periodic cost reviews and identify areas for cost optimisation
• Identify and assess applicable cost metrics, track and report on these regularly

Manage the Financial Reporting process

• Generate monthly management accounts and flash reports, as required.
• Develop monthly financial reports and present to relevant Management, Executive and Fund Committees for approval, reflecting accurate information by due dates.
• Generate Annual Financial Statements in compliance with accounting standards and regulatory requirements and oversee the external audit process in line with annual reporting plan.
• Lead the Integrated Report for CFO finalisation and approval

Stakeholder management and finance business partnering support 

• Assist the CFO to execute financial policy reviews, operational activities and stakeholder management to enable the strategic focus the CFO position requires.
• Provide input and act as a sounding board for tactical and strategic decisions taken by the CFO and other Fund Executives.        
• Understand the EPPF’s revenue and/or cost drivers and advise on performance improvement initiatives, preparing business case, financial analysis and making subsequent recommendations to the CFO and Fund Executives
• Where necessary, stand in for the CFO when time or operational requirements require this
• Manage external relationships with bankers, external auditors and other strategic partners.

Provide financial governance and oversight for EPPF projects

• Provide financial representation and oversight for strategic EPPF projects ensuring that business case ROI is effectively tracked and reported proactively
• Plan and lead finance projects to ensure that they are successfully implemented against plan and managed within cost and time constraints.
• Check that effective structures are in place for finance projects and that project milestones and objectives are met
• Monitor that Finance project risks and benefits are clearly defined
• Communicate with relevant stakeholders to ensure that finance projects are aligned within the context of the EPPF and comply with objectives

Oversee Accounts Receivable and Payable and Cash Management and Taxation

• Oversee performance of relevant direct reports and ensure Internal financial controls over accounts receivable, accounts payable, cash management and taxation are adequate and operating effectively, at all times.
• Review and approve bank cash reconciliations to ensure receipts of all monies.
• Authorise specific actions related to investments administration and payments to ensure that these processes function effectively.
• Ensure that the EPPF continues to have sufficient funds to operate, cash flow remains in line with expected projections.
• Monitor that sufficient amounts are guaranteed and that there are no overdrafts

Manage Accounting processes

• Ensure accurate and timely of posting and updating to General Ledger
• Oversee the maintenance of the chart of accounts and accounts groups in terms of completeness and accuracy.
• Oversee month-end and year-end journal entries in accordance with stipulated policy and procedure.
• Perform consolidations, reflecting accurate information by due dates.
• Achieve close off periods, as scheduled.

Oversee Asset Management

• Ensure Fund’s assets are acquired, depreciated, maintained and disposed off in line with relevant policies.
• Safeguard assets.
• Deal with escalated issues regarding asset management appropriately.

People Leadership 

• Lead, guide and manage direct reports and other members of the team,
• Ensure sufficient capable resources are in place to meet service and value delivery to stakeholders, maintaining the effective and efficient capability of the department.
• Build a high performing team where the best people are deployed in the right roles and deliver against strategy.
• Ensure that all employees are motivated, developed and sufficiently rewarded and recognised.
• Manage employees’ performance and ensure that their individual and collective performance is of the required standard.
• Implement and maintain an effective system of internal controls and delegations of authority for the department, to ensure accountability for decisions made.
• Inspire, align and engage employees around the vision and strategy of the Fund, maximising employee engagement and willingness to invest discretionary effort.

Duties of the SAICA CA(SA) Reviewer, Evaluator and Assessor

• Attend refresher training on a regular basis.
• Meet with the CA Trainees prior to the beginning of a rotation and the content of the meeting shall cover the items listed on page 23 of the Reviewer Training manual.
• Monitor the trainee’s performance on an on-going basis and provide regular feedback to the trainee.
• Complete the Technical Skills Review and Professional Skills Review as defined by the EPPF guideline (policy).
• Complete evaluations as defined by the EPPF guidelines.
• When required act as an assessor as defined by the EPPF guidelines and SAICA requirements.

REQUIRED MINIMUM EDUCATION/TRAINING

• CA (SA) qualification 
• Registration as an Assessor with SAICA is advantageous
• Registered with professional bodies - where applicable