Senior Finance Manager at The South African Broadcasting Corporation (SABC)

Main Purpose of the Position:

To develop, manage and maintain sound financial management systems, processes and structures mitigate against financial risk, ensure compliance with governance requirements, timeous and accurate financial reporting, to enable informed decision making by stakeholders.

Key Accountabilities:

Strategy development

• Conduct internal business review analysis to guide strategic input and strategy development.
• Provide strategic direction to the Division in terms of defining objectives, strategy and development of business models to be implemented.
• Monitor and ensure that business plans comply with SABC’s guidelines and policies.
• Cascade strategy to Departments within Finance within the Division.
• Review and Report on the achievement of business units objectives.
• Manage the strategic business cycle.
• Manage and ensure compliance and implementation of various strategic plans in to guide the corporate plan.
• Monitor the attainability and sustainability of Divisional performance standards as per objectives.
• Conduct continuous programme, revenue and market reviews in order to meet strategic objectives.
• Build and maintain strong, sustainable, respected, and trusted relationships with Business Unit management and all other related stakeholders.

Business operational efficiency and cost management

• Oversee the preparation of the Division’s annual budget within parameters and timelines issued by Group Finance, including compilation of budget framework for the Division and alignment with strategy.
• Manage and oversee the effective co-ordination, reporting and accurate maintenance of all the budgets and forecasts in the Division.
• Support and provide up-to-date financial information to Management to enable informed decision making.
• Authorize financial transactions in line with the Delegation of Authority Framework and SABC policies and procedures.
• Review business unit monthly financial reports and identify and follow up matters of concern, such as cost budget overruns, and prepare a consolidated financial report.
• Monitor the accuracy of the fixed asset register and direct IFRS accounting for PPE
• Review business cases, credit applications and other documents for risk assessments
• Effective debt collection and working capital management
• Support and provide up-to-date financial information to Management to enable informed decision making
• Monitor and ensure that the value chain for the Division supports the business in the delivery of objectives
• Be the champion of a culture of cost discipline and awareness

Governance , risk and compliance

• Monitor and report on operational risks and compliance.
• Implement internal control measures to ensure a strong internal control environment, good governance and compliance.
• Oversee the management of Operational risks to protect organisational integrity, create value, prevent financial loss and ensure compliance with applicable policies and legislations.
• Support, lead and partake in OHSA initiatives and requirements.
• Review and implement Risk Management Plan in line with organizational Risk Framework
• Monitor execution of annual internal and external audits and ensuing findings address gaps and ensure execution of mitigation strategies.
• Drive constant innovation in the engagement of the Finance Department with technology and its transition in a world of rapid change and advancement where it is expected to be a value adding business partner.
• Support Group Finance in all transversal initiatives, projects or operational deliverables, reporting requirements,
• Plan and execute cashflow management and forecasting under the guidance of and in consultation with the Treasury Department.
• Evaluate all business plans in the context of compliance to SABC’s guidelines and policies.

Customer and stakeholder management

• Explore and make recommendations on current operational processes to streamline and improve it for better efficiency and effectiveness.
• Create and maintain cross functional communication with internal stakeholders.

Leadership and people management

• Effective implementation of Performance Management System in accordance with organizational policy and procedures.
• Ensure adequate staffing for workload, succession planning and effective leadership.
• Effective briefing and communication with departmental staff.
• Career Development Plans (CDP) for all staff members.
• Provide direction on the retention and attraction of staff.

Requirements:

• Minimum B Com Honours with completed articles training.
• Experience in a Sales environment of a medium to large company is key.
• CA (SA) will be advantageous.
• Minimum 8 Years’ experience in Finance, of which minimum 5 years should be on Middle Management Level.

Skills required:

• Business planning and complexity theory
• Budget management, forecasting, Scenario planning and Trend analysis
• Data analysis and reporting
• Strategic management and a strong business acumen
• SAP experience will be key
• International Financial Reporting Standards
• Understanding of the different role players within the broadcasting landscape
• Effective project management
• Understanding of applicable legislative frameworks and regulations
• Proven ability to do reconciliations
• Attention to detail and analytical
• Customer service orientation (internal and external)
• Committed to the achievement and maintenance of quality
• Excellent communication (verbal and written) and interpersonal skills
• Ability to make rational, and sound decisions in a fast-paced environment, in some cases with limited information if necessary
• Good problem solving and decision making skills