Manager - Finance at MTN

Responsibilities

Key Performance Areas: 

Financial Control:

• Review adequacy and operation of internal financial controls; Ensure that a robust controls environment is maintained across all finance activities including Accounts Payable, Accounts Receivable, Procurement, Cash and Bank and General Ledger.
• Maintain written PPPs for all Finance department processes and ensure that all Finance department procedures are documented and that the documents are updated regularly to reflect changes.

Procurement:

• Oversee the entire procurement process, from vendor selection and contract negotiation to purchase order issuance and goods receipt.
• Implement and maintain procurement policies and procedures to ensure compliance with company standards and industry best practices.
• Develop and maintain strong relationships with key vendors.
• Analyze procurement data to identify cost-saving opportunities and improve efficiency.

 Accounts Payable: 

• Supervise the processing of all vendor invoices and employee expense claims.
• Ensure timely and accurate payment processing to vendors.
• Manage the accounts payable aging report and proactively address any potential payment delays.

 Bank and Cash Management: 

• Manage all bank accounts, including reconciliations and cash flow forecasting.
• Oversee daily cash operations, including receipts and disbursements.
• Monitor bank balances and ensure sufficient funds are available to meet operational needs.
• Implement and maintain internal controls to safeguard company assets.
• Oversee cash flow management and optimize liquidity.

Month-End Close: 

• Manage and oversee the month-end closing process, including journal entries, reconciliations, and financial statement preparation.
• Ensure the month end closure process is met under the Group’s tight deadlines. 
• Ensure timely and accurate financial reporting to management.
• Responsibility for timely delivery of management accounts to MTN Group standard with full understanding and explanation of drivers and corrective actions required and who needs to take them.
• Oversee journal entries to ensure all business transactions are recorded 
• Oversee and review all balance sheet accounts to ensure efficient and accurate information is available for reporting and is in accordance with legal and company accounting guidelines. 
• Ensure all account reconciliations and supporting sub-ledgers align

Internal and External Audit: 

• Liaise with internal and external auditors to manage the year-end audit process
• Collaborate with Internal Audit to address risks and implement controls.
• Assist with the resolution of audit findings.

Intercompany Transactions: 

• Manage all intercompany transactions, ensuring accuracy and compliance with MTN Group standards.
• Reconcile intercompany balances and resolve any discrepancies.

Month end Reporting: 

• Preparation of month end consolidated management accounts and annual/ interim consolidated statutory accounts
• Responsible for timely delivery of all statutory and legal compliance i.e. monthly VAT returns and statutory tax returns.  Reconciliation of management accounts to statutory accounts. 

Other Duties: 

• Assist with special projects and ad-hoc requests as needed.
• Stay abreast of changes in accounting standards and industry best practices.
• Ensure compliance with IFRS and monitoring of new accounting policy developments
• Provide guidance on complex IFRS transactions across the organization.
• Create and distribute board packs for stakeholders.
• Manage relationships with shareholders, banks, and suppliers.

People Leadership and Organisational Capability Building

• Act as an ambassador and role model for Finance by living the brand values and vital behaviors.
• Ensure a culture of continuous evaluation and improvement.
• Drive a culture of high performance, accountability, and consequence management.

Information Management

• Maintains computerized collection and tracking of relevant data. 
• Maintain the definitions of all financial and non-financial data
• Collaborating with IT on the definition of data sourcing and system integration patterns to support downstream data consumers
• Assist in incorporating other systems such as Hyperion, Oracle, EDW, review that the data is accurate and correct.

Customer Satisfaction

• Ensure customer needs and requirements are satisfied through appropriate systems / processes / procedures / reports.
• Put contingency plans in place to prevent delays 
• Adopt a proactive approach to prevent problems from arising in the future
• Initiate change to continually improve all aspects of service delivery
• Manage the successful distribution and communication to the relevant stakeholders.

Qualifications

Education:

• BCom Hons – Account / Financial Management/ the equivalent thereof
• CA (SA) 

Experience:

• Minimum of 5-7 years of experience in a finance role with a strong emphasis on accounts payable, procurement, and cash management.
• Experience working in a medium to large organization 
• Experience with ERP systems (e.g., Sage Evolution) is preferred 
• Excellent communication and interpersonal skills. 
• Detail-oriented with strong organizational and time-management skills. 
• Proficiency in Microsoft Excel and other relevant software.
• IFRS, IAS, Sage Evolution and Hyperion
• Experience in managing regulatory requirements