Financial Manager at National Bioproducts Institute

Minimum Requirements

• CA(SA)
• At least 3 years’ experience as a Financial Manager
• At least 3 years’ experience managing and leading a team
• MS Office (Excel Advanced, Word, PowerPoint, Outlook)
• SAP experience preferred but not essential.

Duties & Responsibilities

Financial Control and accounting

• Ensure that the financial accounting of NBI complies with IFRS;
• Monitor changes to accounting standards to ensure continued compliance
• Ensure annual financial statements are prepared;
• Ensure monthly, quarterly and annual statistical data is compiled and reported to Statistics SA in stipulated timeframe
• Review general ledger reconciliations for accounts under your control

Financial Reporting and budget

• Ensure monthly preparation and publication of management accounts to EXCO.
• Ensure that the quarterly reports are prepared and submitted within stipulated timeline
• Annual budget preparation with full set of financial statements (statement of income and expenditures, statement of financial position, statement of cash flows)

Accounts Payable

• Review of creditor reconciliations
• Authorisation of electronic payments

Fixed Assets

• Manage the preparation of annual capital expenditure budgets and review of reports for capital expenditure
• Review of Fixed Asset Register and reconciliation of assets
• Review capital expenditure requests
• Provide assistance to the business in evaluating capital acquisitions
• Attend tender adjudication meetings for CAPEX acquisitions

Accounts receivable

• Manage collection of debtors’ payments and arrear accounts
• Monitor and recommend changes to customer credit limits
• Assist in resolving customer queries where needed
• Review all outstanding customer accounts and confirm the collectability

Taxation

• Prepare and submit annual tax return
• Review the monthly VAT returns ensuring that all payments are calculated and submitted and paid within the respective timelines

People Management

• Ensuring the effective management of the department/team by actively contributing to and supporting NBI’s people management agenda, including leave, overtime and resource management, management of misconduct with NBI’s HR framework, promoting employee engagement, etc.
• Setting both departmental and individual objectives in order to meet NBI’s strategic objectives, in the form of individual performance plans.
• Evaluates and manages employee performance and implement corrective or remedial actions as required.
• Identifying, supporting and implementing learning and development needs in collaboration with People Management.
• Providing developmental, coaching and job enrichment opportunities to maximize employees’ potential.
• Support transformation, the execution and achievement of NBI’s EE plan, diversity and inclusion within their respective departments.

General

• Attend to ad hoc tasks as assigned by the Financial Director
• Develop financial reporting tools to assist with amongst others management accounts, product costing, profit analysis, new business assessment and capital expenditure.
• Manage the online banking profile and provide first level support to the enrolled online banking employees and managers

Core Competencies

• Managing Relationships
• Personal Leadership
• Business Impact
• Leading and Influencing Others
• Performance Management
• Integrity
• Selflessness
• Adaptable
• Business Acumen
• Strategic Intent and control