Regional Finance Manager - Durban at SBV Services (Pty) Ltd.

Description

Adhere tfinancial governance principles

• Support the financial and management accounting functions and all related accounting systems trealise the delivery of the business financial objectives in accordance with statutory, regulatory, taxation and governance frameworks tachieve quality financial reporting, optimal working capital, business controls and sustainable profitable growth

Control the regional end-to-end financial function

• Enhance value creation by challenging and assisting business unit heads with insightful analysis as well as co-ordinated financial planning
• Improve the understanding of business performance through the effective delivery of the finance strategy encompassing the various financial fields
• Evaluate business processes, anticipate requirements, uncover areas for improvement, develop and implement solutions in conjunction with regional teams
• Monitor and analyse productivity schemes using available tools tprovide business advice tmanagers on corrective operational actions timplement
• Support loss forums regionally that tracks, analyses, and monitors key risk activities that result in operational and financial losses as well as the mitigation of the incidents
• Manage and measure assets and their utilisation effectiveness inclusive the acquisition, maintenance and decommissioning within the region
• Manage revenue assurance in conjunction with stakeholders for verification of various processes tavoid revenue leakage or loss of revenue supporting where discrepancies arise including monthly billing reconciliations
• Through collective engagements with the commercial and legal teams, verify that the commercial standing of the relevant contracts is consistently implemented within the financial landscape
• Provide support tthe relevant teams around the acquisition of new business by conducting due diligence and profitability exercises
• Enable and support management teffectively execute decisions, through the provision of data insight and trends, leveraging off current and new tools tenhance decision making.
• Monitor and evaluate the relevant interventions keeping the feedback loop constant whilst reporting and taking necessary corrective action

Provide business support for effective decision making

• Responsible for analysis of financial trends and benchmarking through supplying timeous and complete MIS where necessary and forwarding trelevant party for management decision making
• Support business by providing accurate financial information, models & insights through on-going, cross-functional engagement enabling informed financial & investment decisions
• Provide financial leadership tthe GM’s delivering analysis and insight on business opportunities
• Act as an interface between finance and operations through the actioning, translation, and communication of key business objectives
• Present a dynamic understanding and interpretation of the performance of the designated business area tinform and influence key operational and strategic decisions
• Demonstrate commercial value add and understanding by supporting the needs borne out of the operational and commercial environments
• Collaborate, engage, and support the commercial, operations, central finance, facilities, procurement, and costing teams tachieve the relevant objectives of each area.
• Undertake and research input and output quality and accuracy of all the Regions financial reports and recommend methods and procedures tstreamline, automate and self-audit
• Identify under/overruns, propose, and implement corrective actions
• Provide benefit realisation reports based on the successful implementation of new processes or action plans for one’s region and per centre
• Prepare monthly MancPack for presentation tRegional Mancand submission tFinance Office

Provide support for effective short- and long-term planning through the budgeting, forecasting and business planning:

Budgeting:

• Compile and manage the budget output for relevance, reasonability, and support of the organisational strategic plans
• Develop and manage the Opex and Capex budget for one’s region and monitor the implementation of cost saving initiatives tmaintain the budget delivery
• Review comprehensive instructions and detailed timetable in respect of the budget process for understanding of the process and deadlines tbe met
• Assess reasonableness of budget input received from centres and internal customers
• Assesses market movement trends in respect of volume growth, inflation, interest rates, staff costs etc.
• Presents consolidated Region’s budget tRegional Mancand Head Operational Finance for approval

Forecasting:

• Prepare forecasts and update monthly/ quarterly talign ttrends, strategic initiatives, or relevant business changes
• Prepare, present, and advise centre management of individual centre and regional performance against forecasts, actioning any concerns raised and tracking variances
• Responsible for volume forecasting tassess seasonal staffing and efficiency requirements from managing daily backlog limits tconfirming minimal overtime expensed, etc

Business planning:

• Prepare the detailed business case or business plan and provide recommendations tthe Regional General Manager and Head Operational Finance
• Assess requests for significant capital investment intcentre upgrades and footprint expansion by determining the potential benefits that will accrue tthe company and provide this information tthe project team responsible
• Upon acceptance of the business case internally, prepare the final report for presentation tmanagement for approval
• Upon approval, monitor the capex spend against the project budget and confirm that the asset allocation via the capex spend is accurate
• Verify that business case impacts are incorporated intthe annual budget
• Perform a detailed financial post implementation review of each business case for SBV management
• Strategically partner with the various stakeholders tdeliver upon departmental objectives
• Effectively communicating insights and plans tcross-functional team members and management working closely
• with various areas of the business and serving as a liaison between stakeholders tPerform analysis at a Tactical level and understand principles of business
• Lead the financial components tprovide holistic business insights
• Provide support toperations and relevant support areas including Customer, Quality, Operational optimisation,
• and Operational excellence (including PMC, Loss Prevention, Assets, Firearm and Regulatory, Fleet as well as Balancing and Recon)
• Provide support tthe finance and relevant support areas including Costing, Procurement, Facilities, statutory finance, central finance, and commercial team as required
• Responsible for the modelling of the financial impact of pilot projects and innovations within the Operational and Finance Business Unit, tinclude achievable benefits, potential savings, and affordability by providing accurate financial data and input
• Monitor productivity targets and make recommendations that will result in delivering accurate results and improve productivity and profitability
• Develop and track KPI’s tdrive the achievement of regional targets
• Assist in the application of corrective measures based on the Internal audit findings
• Provide counsel tthe GM and centre management on all business-related matters
• Provide Procurement Support
• Assist the procurement department in identifying areas of potential savings and drive the achievement of the savings within the region
• Support the implementation of national pricing tachieve pricing discounts Supplier Relationship management support at centre level including overseeing Fraxion discipline of supplier payments, Forecasting & budgeting in line with RFx pipeline & business cases, peak consumable demand, managing wasteful expenditure, billing verification
• Assist the procurement team with supplier site visits & local supplier sourcing

Requirements

• Work Experience and Qualification Requirements
• 6 Years’ experience in a commercial or finance role preferably with Financial or Management accounting fields of which; 2 years at a Middle Management level
• 2 Years’ experience in compiling and conducting presentations tSenior Managers
• BCom Degree in Financial Management, Accounting or equivalent
• CIMA or studying towards is required