Senior Specialist - Commercial Finance at MTN

JOB DESCRIPTION
Key Performance Areas: Core, essential responsibilities / outputs of the position (KPA's)

Risk Identification

• Recommend initiatives to the function to implement the proper levers to track and identify business/ operational risks in the function
• Identify and monitor commercial risks. Analyse commercial contracts and identify potential risks for the business – escalate to GM for the business unit and SM Finance Business Partner
• Participate in the sales deal/financial model review process to ensure that all risks are being considered in the process – provide risk assessment to support decision
• Raise red flags to GM for the business unit and SM Finance Business Partner, identifying potential risks that could arise – propose action plans to mitigate risks
• Proactively identify tax risks, applying a framework defined by BRM and Tax. Escalate to SM Finance Business Partner
• Assist GM for the business unit to develop and define operational risk business requirements and recommend operational risk business processes

Risk Governance / Management

• Ensure that BRM policies, procedures and guidelines are being followed by the business
• Develop, challenge and deliver management information to stakeholders for oversight, monitoring and management of the business unit function risk profile
• Support recommendations analysis to the function to reduce business risk.
• Review the effectiveness of risk management within the business unit, considering local conditions, as well as competitor activity
• Liaise with BRM and Tax to implement policies and procedures to mitigate tax risks
• Assess and evaluate the business unit’s internal control environment
• Assist GM of the area in the daily execution of their daily governance, risk management and compliance management activities
• Assist GM of the area to implement and deploy an operational risk strategy, which may include services such as: operational risk governance/ framework development, risk and control self assessments, and key risk indicator processes
• Make recommendations to develop and improve internal risk systems and models in the business unit
• Take responsibility for enforcing key governance issues
• Ensure all relevant open audit issues are resolved within deadlines

Risk Governance Reporting

• Develop a risk management reporting process
• Ensure a proper register of tax risks
• Develop, maintain and analyse a risk KPIs and risk register dashboard. Provide commentary to the business

Financial Modelling

• Drive best practice, continuous improvement at financial modelling techniques and methodology
• Provide recommendations and creative solutions to improve quality of modelling realized at MTN SA
• Keep updated in terms of financial modelling trends
• Collate and receive all financial modelling requests by business unit – respond to all ad-hoc requests
• Prepare simple models or populate pre-defined models, where these exist
• Develop standardised financial modelling templates for different use cases to support insightful business decision making
• Understand cost and revenue drivers for all existing and new products to enable relevant input gathering for business cases

Customer Satisfaction (internal)

• Support SM Finance Business Partner in providing to the business unit leadership and support to ensure alignment with organisational strategic objectives (Financial advisory role)
• Ensure all finance-related issues are resolved for the business unit by defining an issue resolution process and managing escalated issues
• Respond to all queries raised by internal customer
• Follow-up on queries for relevancy, prioritisation and route of resolution
• Communicate to the business unit on progress of query resolution
• Ensure the business unit needs and requirements are satisfied through appropriate systems / processes / procedures

Project Management

• Develop and drive the execution of agreed projects
• Drive the implementation, tracking, monitoring and compliance of Projects
• Contract management in line with Procurement Policies
• Co-ordinate project reporting
• Ensure effective implementation of the integrated project management model
• Risk management

Business Analysis

• Perform Business Analysis in line with the MTN SA Business Analysis methodology and guidelines
• Identify ways to fine tune policies, processes and systems in line with changing work practices
• Determine, document, and review requirements for projects within the scope of the value stream or impacting processes and systems
• Design, analyse and document workflow and make appropriate recommendations that will positively impact operational effectiveness
• Identify Business Improvement and Optimisation opportunities that will result in improvement of process performance
• Ensure that benchmarking is conducted with other companies and organizations within and outside the industry
• Construct business cases for initiations proposed by the business. Research and consider best practice, local conditions, trends, as well as competitor activity
• Identify and implement innovative ways to use minimum resources to achieve maximum outputs
• Support Business and Pricing Team on financial analysis

Capital Budgeting/ Discounted CashFlow Techniques (DCF)

• Build capital budgeting models for all investments with an objective to establish if IRR , NPV’s & Profitability returns are viable
• Monthly report which tracks actual returns compared to original business case model – post evaluation review
• Analyse Price sensitivity & elasticity and impact on IRR and profitability
• Review all Capex documentation and recommend approval to SM Finance Business Partner. Keep up to date on the approval of Capex by the steerco, participate in the tender process as part of the CFST (procurement process for the Capex) and monitor the Capex spend in line with the approved budget.

Monitoring financial perfromance

• Monitoring financial performance closely in order to maximise efficiency and minimise waste, helping the business in the long run.

Commercial Efficiencies

• Understand product profitability with objective to establish which products are profitable and which dilute margin. The objective is to Identify which product input costs don’t have a linear relationship with revenue and therefore dilute margins

Operational Planning

• Supervisory / Leadership / Managerial Complexity: Refers to the responsibilities for directing, guiding, motivating and influencing

others.

QUALIFICATIONS
Education:

• CA(SA) / CGMA (CIMA) and/or B Com (Accounting, Financial Management) or relevant post-graduate qualification in a financial environment

Experience:

• At least 3 years of experience in a financial environment / operational finance environment
• At least 2-3 years of leadership experience in similar positions, in fast-moving industries
• At least 2-3 years of commercial management experience in a technical environment
• Solid background in risk management and governance
• 2-3 years financial modelling experience

Training:

• Financial systems training
• Computer training (MS Office and Excel, PowerPoint, Outlook)
• Legislation
• Software training
• Modelling or statistical software
• BRM policies, procedures and guidelines