Financial Planning and Analysis Specialist (Centurion) at Right to Care

Description

Planning and Reporting Strategy

• Provide input to the short and long term / strategic plan for planning budgeting and forecasting and ensure the effective implementation in the area of responsibility as well as reporting results and analytics for the RTC leadership team.
• Assist leadership in the development of business targets, prepare a plan and allocate amounts for business review and approval, and prepare forecasts.
• Identify opportunities to automate and improve management reporting and ensure/advise corrective action.
• Work with various teams to provide analytics and decision support services to the various business areas.
• Oversee management reporting results and analytics for the finance leadership team.
• Ensure financial presentations include a clear interpretation of the data, valuable insights into the business operations, and action plans to mitigate/moderate issues as needed.
• Ensure that financial models are developed for scenario planning and analysis i.e., develop multiple scenarios for future expectations and provide relevant advice and recommendation.
• Ensure that operational reporting is automated and meets the needs of business to view and create standard reports for self-service. Ownership and governance over the finance Master Data models (incl. all data sources with an impact on financial reporting and business performance visibility).

Planning and Reporting

• Ensure that a strategic approach is taken for the planning, budgeting, and forecasting process to ensure that results are aligned with the overall RTC strategy i.e., consider the long-term implications of planning decisions.
• Develop flexible models that enable business units /programs to adapt and adjust financial plans as necessary in response to changes in the business environment or new information (scenario analysis models).
• Review and oversee the cost accounting, allocations, and controls across the organisation in collaboration with the Financial reporting specialist
• Oversee implementation of the leading practice processes for business planning, enterprise budgeting, and enterprise performance monitoring and analysis (jointly with Finance Reporting Specialist)
• Lead the annual budgeting and long-term financial planning processes, working closely with department heads and program managers to develop realistic budgets aligned with organisational goals in collaboration with the program finance / grant managers and COPs
• Coordinate programmes planning process with Programs Managers
• Coordinate support functions’ planning process
• Coordinate Budget Training workshops
• Support and develop initial budgets and workplans for new business proposals
• Monitor financial performance against budgets and forecasts, identifying risks and opportunities, and recommending corrective actions as needed.
• Prepare and present financial forecasts, variance analysis, and financial performance reports to senior management highlighting key insights and trends.
• Monitor and document any amendments to the budgets and communicate to Finance to effect quarterly budget updates in the Finance system and manage versions.
• Gather and analyse numerical data, such as Inflation and other economic trends to develop budgeting planning and forecasting insights for operational decision making
• Action data reporting requirements for planning and management reporting and determine data impact and definitions
• Work closely with the senior management, Program leaders to create predictive analytical insights and scenario planning to drive a proactive culture.
• Collaborate with Business development teams to analyse funding opportunities, grant proposals, and donor contributions to ensure financial feasibility and alignment with strategic priorities.
• Oversee the delivery of value-added reports and analysis that support the implementation of RTC’s strategy and goals to increase valuable information for decision support.
• Develop and maintain financial dashboards and KPIs to track key financial metrics and provide regular updates to stakeholders.
• Develop and implement reports to monitor progress of implementation of the functional strategy and to provide business insight in cost developments for all functions across RTC
• Assess, develop, and integrate budget reporting requirements.
• Work with Procurement to develop a library of average unit costs.

Innovation and Analytics

• Take initiative in identifying areas of improvement in the planning, budgeting, and forecasting process and proactively propose solutions.
• Analyse and review budget variances and forecasts to identify trends and provide support and insights for leadership.
• Drive continuous improvement in the planning and performing analytics.
• Conduct financial modelling, scenario analysis, and sensitivity analysis to support strategic decision-making and resource allocation.

People Management

• Lead and mentor the team, providing technical guidance and support.
• Provide support for the recruitment and selection of team members where required.

Financial Management

• Manage the financial resources and budgeting activities to ensure the effective use of financial resources with the department.
• Ensure compliance with financial regulations, accounting standards, and donor requirements in all financial planning and analysis activities.
• Stay informed about industry trends, best practices, and emerging issues in non-profit financial management and reporting and Donor requirements

Requirements

• A Bachelor's degree in finance, accounting, or related field.
• Professional accounting qualification (e.g., CA(SA), CIMA, ACCA) highly desirable
• 5-8 years of experience in Financial Planning, Budgeting and Forecasting or related fields.
• Demonstrated experience in financial reporting. 3 years in a senior management, management, or specialist position 3 years in managing a financial planning, budgeting, and forecasting department or similar environment.
• Excellent knowledge of Donor Rules and Regulations pertaining to the implementation of Cooperative Agreements / Contracts