Head of Finance Operations (Africa Data Centres) at Liquid Intelligent Technologies

Description

To ensure complete and accurate internal and external reporting of the ADC Group’s financial results, by adopting and maintaining a financial controls governance framework inclusive of all financial systems. This role further supports the ADC Group CFO.

This role further manages the delivery of all the ADC Group’s financial accounting and all internal and external reporting requirements, provides technical accounting support to the ADC GCFO and business, develops, designs, and maintains appropriate financial controls, policies, and systems, whilst providing appropriate oversight over revenue assurance. Provides input into key funding, shareholder and transaction negotiations and contract discussions. The jobholder will liaise day to day with the Group CFO, Board committee members, the operating companies, external advisors, internal and external auditors and maintenance of bank accounts, bank mandates including relationships and a financial controls governance framework inclusive of all financial systems.

The FC is responsible for finance operations oversight in all respects of the ADC group, which includes operations in SA, Kenya, Nigeria and will grow into 10 counties over the next five year. The group also includes holding companies (HoldCos) in UK and Jersey and various operating companies (OpCos) in Africa. Internal and external reporting responsibilities include external quarterly reporting, management of the group audit, internal management accounting, provision of technical accounting advice, monitoring of process and controls across the group, transactional accounting, and treasury management.  There will be a need to liaise closely with the Financial Planning & Analysis (FP&A), Procurement and Site Selection teams to understand key developments and anticipate the consequences for the financials. The jobholder is a key contributor to the design and deployment of the training and development structure for the finance operations function.

The FC will further ensure that all financial systems are fit for purpose to facilitate suitable governance on all day-to-day and key financial controls in the group. The FC ensures that reporting to the business is timely, accurate and in an appropriate form that enables key decision making by the ADC CFO, CEO, operating companies, subcommittees the Cassava Group and Board.

Key Performance Area

Financial, Reporting, Controls and Operations

Prepare and manage financial information and reports within financial reporting by;

• Aligning financial reporting with current and new developments in accounting standards (IFRS)
• Ensure that supporting materials are complete and provide appropriate back up material in relation to financial reporting, including intercompany and inter-group transactions.
• Accuracy and Integrity of Financial Information

Undertakes regular meetings with the Finance team to ensure the accuracy of General ledger balances by;

• Checking and reviewing GL trend analysis and review prior to reporting
• Reviewing and signing off on general ledger reconciliations

Accuracy of Accounting Records

• Oversee the maintenance of aging of Accounts Payables, Receivables and Projects WIP and follow up on long outstanding balances by
• Ensuring adequate provision on over-due debtors
• Provide for CWIP depreciation on over-due CWIP projects with over-due completion

Timely and Accurate Revenue Recognition 

• Ensure that all revenue that is eligible for recognition is accounted for as revenue in the relevant period by;
• Reviewing month on month billing exception reports to take note of exceptions and inquire on such prior to recognizing revenue.

Accuracy in Statutory Reporting and Tax Reporting

• Ensuring the maintenance of accurate general ledger reports for clean audit
• Ensuring compliance to accounting standards (IFRS) to avoid audit queries for non-compliance
• Ensuring timely completion of Tax schedules and notes for the AFS preparation

Staff Development and Performance Management

• Develops the necessary plan/s to ensure that the team(s) meets agreed goals and objectives.
• Coach and mentor own team members as well as other employees in the company for performance improvement and career development

Requirements

Formal Qualifications Required

• Chartered Accountant

Job Related Experience Required

• Minimum 8 years' experience in Financial Accounting/ Auditing
• 5 years' experience in people management, leading teams.

Job Related Knowledge Required

• Knowledge of IFRS application and interpretation
• Knowledge of ERP systems eg. SAGE, SAP
• Tax Act and application in financial reporting and statutory reporting