Senior Specialist: Technology FBP - Midrand at Liquid Intelligent Technologies

Role Purpose

To focus on commercial process implementation and provision of financial information for all Technology projects. This includes reporting vs budget, consolidation and analysis of financial information and business case review in relation to relevant new and ongoing projects in LITSA. Interface with Enterprise Asset Management for all capital reporting for the monthly internal & external Group submissions (HFM/Ops Review/Financial Review). To review cost of sales analysis and product margin analysis with respect to leased facilities, channel partners, off-net partners working with products, networks, commercial, bid team and other stakeholders. Support Procurement & the business on contract TCO’s and supporting business case analysis. Financial systems support with respect to forecasting & budget modelling / tools / systems and acting as the key Corporate Performance Management business partner interface in connection with this.

Role Description

BUSINESS CASE EVALUATION TO SUPPORT PROFITABLE GROWTH

• Maintaining the Contract P&L for all technology contracts/strategic project including budgeting/forecasting and ensuring the P&L represents an accurate reflection of the financial performance of the respective contracts under management with specific focus on EBIT and EBITDA.Maintains an Integrated Contract Reporting Scorecard for Projects and provides accurate forecasting of Key Financial indicators. Supports and reports on all Non-Recurring Charge Revenue with Major Projects.
• Implementation of Activity Base costing models into current business contract Structures. Business Case methodology control and reports up to Group Level for all LITSA business Cases.

CAPITAL ASSET ANALYSIS & REPORTING TO MAXIMISE ASSET UTILISATION

• Monitoring costs against Strategic Projects (Transnet, WCG and Sanral GFIP, ECG, Nedbank and ABSA) to ensure consistent recharge mechanisms are in place into Advanced Service Delivery (THE BUSINESS) and indirect costs recharged represents the accurate consumption. Reviewing the forecast with business in terms Capital expenditure on a regular basis in line with project progress and performance. Track business cases against Actual Project implementation and roll out plans.

FINANCE REPORTING

• Compile and review submissions for bi-monthly capex committee meetings by providing accurate and reliable information on all capex items that need to be submitted for review/approval by EXCO at capex committee steerco. Manage the process to ensure that all Capex business cases that meet the criteria are compiled, authorised by management and submitted to group for approval. Track, monitor and report on the stage of completion to finance management.
• Validate accuracy and completeness. Manage the process to ensure that all LITSA Capex requirements have supporting business cases completed and submitted for approval to capex committee. Monthly reporting to management of all capex business cases to track overdue or overspent projects and submit reporting to capex committee. Ensure that capital projects status is tracked and updated on the CWIP report on a regular basis.
• Drafting and submission of the monthly CTO report and related ad-hoc reports. Provide performance and operational stats to management for the monthly finance board report. Monthly reporting and tracking of spend and remaining budget to executive team and group reporting. Key for future funding requirements and long-term decision making.

CONTRACT TOTAL COST OF OWNERSHIP (TCO) & BUSINESS CASE SUPPORT 

• Maintains an Integrated Contract Reporting Scorecard for Projects and provides accurate forecasting of Key Financial indicators. Supports Procurement on business case profitability analysis in relation to major projects. Implementation of Activity Base costing models into current Business contract Structures.

FINANCIAL SYSTEM SUPPORT

• Manage the creation of CAPEX projects in SAP Project System to ensure all R1b capex spend is monitored and accurately reported. Maintain, develop and implement internal controls particularly in relation to project approval and spend. Implement constant improvement on current systems and procedures for internal efficiencies.
• Guide and assisting Project Managers with the financial aspects section during preparation of business cases. Implement policies and procedures for capital investments including applicable processes, strategies, budgets, and documentation necessary for review and validation of capital projects. Ensure proper closure of all projects after full capitalisation.Ensure that the remaining budget is returned.

Requirements

• Bachelor’s degree finance: Essential
• Project Management: Essential
• CIMA Operational level: Desirable
• 5 years Revenue and Costing models: Essential.
• 5 years Understanding of IFRS:Essential
• 5 years Revenue, Opex and Cash flow reporting: Essential
• 5 years Budgeting, Forecasting and Scenario analysis: Essential
• 5 years Exposure to multiple project coordination within a complex business environment: Essential
• Knowledge of IFRS application and interpretation: Essential
• Knowledge of ERP systems i.e., SAP and Hyperion: Essential
• Microsoft Office i.e., Excel advance: Essential
• Relevant certification (e.g., CIMA): Desirable
• Technical Product and Services understanding in ICT sector: Desirable