FINANCE MANAGER FOR THE INNOVATION HUB MANAGEMENT COMPANY

Current Job Title

Finance Manager

Job Grade

D4

Chief Executive Officer

2nd Line Manager

(2ND LEVEL)

1ST LINE MANAGER                 Chief Financial Officer

(1ST LEVEL)

Finance Manager

Position

Please provide job titles of subordinates and total number of employees per job title (organogram can be inserted)

provide a short description under each heading/output)

Time spent

Process all transactions in accordance with accounting principles, in-house policies and procedures, approval framework and PFMA requirements; Cost Centre management; Ensure all documentation is properly indexed and stored for easy referral and retrieval. Ensure that SARS is paid for PAYE, UIF, SDL and company tax on due dates. Oversee cash & bank, debtors and suppliers’ management processes.

15%

Assist the CFO with the coordination and preparation of the annual budget; Assist Management with the annual strategic and Business Plans development; Compare actual expenditures to budgeted figures and report variances to Management and Board of Directors; Compile business cycle forecasting.

10%

Conduct an annual audit of the company's fixed assets and record in financial records to ensure proper categorization and depreciations Conduct Ad-hoc Assessment at LC

10%

provide a short description under each heading/output)

Time spent

Prepare monthly statements, quarterly and ad hoc reports as required. Assist with the preparation of the Annual Financial Statements at the end of the financial yearend for external auditing.

20%

Create and maintain relevant policies, procedures and internal controls; Incorporate governmental requirements and regulations; Distribute to relevant parties to ensure compliance thereto.

5%

Schedule and manage periodic internal audits; Report audit findings and recommendations to Management and Audit Committee; Implement changes where necessary and ensure adherence thereto; Prepare documentation for external audits; Assist auditors during audits.

10%

At this level employees are assigned responsibility for the monthly, quarterly and annual planning and directing the fiscal operations of the company.

10%

This position is responsible for directing staff activities in maintaining, analyzing and reporting financial accounting data. Ensure that there is succession plan, staff training & development and performance management is done at level of all employees assigned to.

10%

9.  Monitoring and Controlling

Monitor and control financial activities (financial reports, management accounts, creditors and debtors age analysis, purchase order expediting), staff performance and efficiency, ensuring compliance to statutory regulations and company policies.

10%

Formal Education

·        A Bachelor's degree in Finance or Accounting

Experience

(2) years in a supervisory or administrative capacity, or an equivalent combination of education and experience, substituting one additional year of professional accounting or auditing experience for each year of the required education.

·       Knowledge of generally accepted accounting principles and theories; of budgeting and auditing theories and techniques; the preparing and presenting of financial statements and reports; accounting ledgers and journals; cost accounting; procurement regulations; computer technology related to accounting systems; supervisory principles and practices.

·       Knowledge of governmental accounting principles (i.e. PFMA, Treasury Regulations and GRAP).

·       Previous experience in Pastel or any related accounting system,

·       Previous experience in internet banking will be an added advantage.

Competencies

PFMA, Treasury Regulations and GRAP).