Financial Manager at Teraco

 Main Functions of the Job

 Strategic Management:

• Provide strategic input regarding various aspects of the business processes and long-term business plans
• Ensure that the organisation’s financial systems, procedures and controls are effective and operating as designed
• Oversee, manage and guide a team of finance professionals

Revenue Management and Collections:

• Full management and oversight of the revenue business cycle and monthly billing runs
• Oversee monthly billing of clients as per client MSAs and timelines
• Notify clients of increases or changes to their contracts
• Manage the collections process whilst monitoring payment terms and account suspensions
• Working with clients to resolve queries
• Management of the billing department team by taking responsibility for their growth and performance
• Reporting on revenue and debtors accounts to management

 Budgeting and Forecasting:

• Prepare and manage the annual budgets for multiple projects and multiple statutory entities
• Monitor and manage the cash flow requirements of the organisation and the individual projects
• Operational budget management and cost control

 Financial Management and Reporting:

• Manage and maintain the financial records of the organisation
• Verify the accuracy and quality of financial information
• Ensure statutory compliance by implementing policies and procedures that pertain to the financial management of the organisation in terms of the Company’s Act, Vat Act and the Income Tax Act

 Annual Financial Statements:

• Preparation of Annual Financial Statements
• Disclosure and accounting treatment in line with IFRS
• IFRS implementation of new standards
• Statutory accounts administration for group subsidiaries
• Working alongside external audit to ensure an efficient and timely financial audit

 Taxation and statutory compliance:

• Performing preliminary annual and provisional tax computations and assessments, including indirect taxes
• Working with tax advisors in finalising tax computations and regulatory filings

Tax planning
 

• Operational Finance:
• Day to day working capital management and planning of payments based on funds availability
• Manage transfer pricing issues for the subsidiary and associated customers
• Cost due diligence of all quotations of Vendors/Suppliers
• Verification and approving capex creditors before making payment
• Verification of monthly VAT calculations for submitting for filing with SARS
• Developing external relationships with appropriate contacts, e.g. auditors, bankers etc
   

Requirements
Skill Requirements

• Good communication skills
• Analytical and proactive problem solver
• Active listening – ability to understand requirements
• Ability to work independently & a positive team player
• Self-motivated
• Conducts self professionally, exhibits high levels of tolerance and patience
• Responsible for continued learning and self-development
• Financial modelling
   

Qualifications and Experience

• BComm/BAcc
• Qualified CA (SA) or CIMA preferable
• 3-6 years’ experience in a Financial Manager role
• Up to date with latest IFRS and relevant financial statement disclosures