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South Africa

Financial Manager: Ticketing

Company Blue Label Distribution
Reference # B058
Published 15/07/2021
Contract Type Permanent
Salary Market Related
Location Sandton, Gauteng, South Africa
Introduction
At Blue Label Distribution, our brand philosophy is that we can create and distribute anything that is able to be digitized. Our Blu-approved brand is the face of our service offering and is underpinned by a world-class technology platform for both online and offline commerce. With a point of sale network of approximately 150 000 devices, we provide a distribution footprint across all income groups. 85% of our income comes from merchants in the informal sector
Job Functions Finance
Industries Telecommunications
Specification
Responsible for planning and directing financial accounting, budgeting, cost benefit analysis, auditing, cash management and other fiscal operations and functions. Developing appropriate accounting and operational systems, establishing necessary financial and operational controls, approving various expenditures and obligations, planning and coordinating internal and external audits, and ensuring all activities conform to statutory legislation (incl IFRS, Taxation Regulations and other applicable legislation) and company policies and procedures.
Requirements
RESPONSIBILITIES

Financial Management
Prepare and analyze accurate monthly financial and management reports, including income statement, balance sheet, budget and variance, projections and forecast, and cash flow.
Produce detailed quarterly cash flow forecasts to form the basis for working capital
Develop annual budgets in collaboration with the Chief Financial Officer and TicketPro Director
Manage, enhance and review weekly & periodic KPIs (Weekly sales,
Promotions, Board results pack), ensure they are insightful, error free and issued to agreed timelines
Ensure that all balance sheet reconciliations are produced on an accurate and timely basis to include bank reconciliations, debtors, creditors and inter-company account
Ensure that all financial transactions are processed accurately, in a timely manner, and in accordance with generally accepted accounting principles.
Identify and implement improvements to business processes to increase efficiency and ensure all costs are recorded accurately in the accounts.
Challenge and review results to seek opportunities to increase income/reduce costs and risks
Perform month-end closing procedures, including overhead allocations, account reconciliations, and updating schedules.
Performing analyses, build a business case to review opportunity and profitability.
Maintain an orderly accounting filing system
Oversee the overall retail budgeting preparation, financial management and financial monitoring processes
Review of expenses for accuracy to identify any cost saving areas.
Monthly review of expense reporting to be completed before deadline to enable
Identification of any discrepancies.
Reconciliation of inter-company accounts.
Ensure rebates receivable, on-going revenue and connection bonuses are recorded accurately, reconciled and recovered Tax and Vat returns are reviewed and submitted correctly before SARS deadlines to prevent penalties and interest.
Ensure assets, loans and receivables, payables and inventory are accounted for correctly and in line with IFRS.
Management of fixed assets
Review of depreciation calculations
Ensure all tax and vat submissions are reviewed timeously and submitted to SARS within deadlines.

Insightful Reporting
Provide useful financial insights to help make better decisions about formulating and executing strategy, and provide guidance and analysis to executive and operational management to improve results
Produce and distribute monthly management reports to agreed time scales
Assist in coordinating the preparation of the draft audited financial statements and all tax returns.
Coordinate the preparation of financial information in the corporate annual report.
Recommend and report upon benchmarks against which to measure organizational performance.
Calculate and issue financial and operating metrics.
Assist in production of cash flow reports, annual budget, and forecasts.
Calculate variances from the budget and report significant issues to management.
Provide for a system of management cost reports.
Provide financial analyses and models as needed, in particular for capital investments, pricing decisions, and contract negotiations.
Perform financial analysis, reporting and management activities.
Preparation of information for external reporting
Review financial data for accuracy, correctness and completeness

Financial Controls
Maintain and enhance financial controls ensuring accuracy and robustness of reporting and budgeting processes
Continuous improvement through standardization of manual processes
Monitoring and measurement of work output against credit policy
Identify risks in processes and controls and mitigate these risks through various mediums
Ensure adherence to processes and controls put in place by management
Responsible to implement controls and processes
Ensure compliance with financial policies and procedures.
Establish and maintain financial management mechanisms that reduce financial risk.
Design and Implement controls and procedures.
Ensure efficient functioning of financial systems
Continuous review of the relevant accounting systems to ensure more efficient and effective reporting.
Ensure compliance with all statutory requirements relating to financial control, financial management and accounting
Ensure appropriate external audit arrangements are in place and manage the audit process

Leadership
Through effective inspirational leadership, facilitate the creation of accountable, full-service teams who understand and strive to meet the needs of all stakeholders
Role model behavior and motivate team members in line with the core values
Take full responsibility for performance of all direct reports, motivating and managing them in relation to quality standards and agreed benchmarks and objectives, focusing on all aspects of sound people management:
Provide support and guidance on career path planning, on-the-job training, coaching and mentoring to direct reports
Develop, promote and direct the implementation of equal opportunities policies in all aspects of the company’s work.
Communicate and maintain trust relationships with shareholders, business partners and authorities

Work collaboratively
Build a culture of respect and understanding across the organisation
Recognise outcomes which resulted from effective collaboration between teams
Build co-operation and overcome barriers to information sharing, communication and collaboration across the organisation
Facilitate opportunities to engage and collaborate with external stakeholders to develop joint solutions

Self-Management
Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
Demonstrate consistent application of internal procedures
Plan and prioritise, demonstrating abilities to manage competing demands
Demonstrate abilities to anticipate and manage change
Demonstrate flexibility in balancing achievement of own objectives with abilities to understand and respond to organizational needs

BEHAVIORAL COMPETENCIES

Interprets and applies key financial indicators to make better business decisions.
Applies knowledge of business and the marketplace to advance the organization's goals.
Holds self and others accountable to meet commitments.
Makes sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
Makes good and timely decisions that keep the organization moving forward.
Gains the confidence and trust of others through honesty, integrity, and authenticity.
Knows the most effective and efficient processes to get things done, with a focus on continuous improvement.
Maneuvers comfortably through complex policy, process, and people-related organizational dynamics.
Have fun and find purpose
Demonstrate honesty and integrity
Strive for Customer Centricity
Innovate boldly
Be both agile and entrepreneurial
Build relationships and trust
Develop our people for long-term success
Be an agent of change
Collaborative

EDUCATION

Matric
Bachelor’s Degree in financial accounting or related discipline
CA (SA) preferred

EXPERIENCE

Minimum 5 years’ experience in Financial Managerial role
Job Closing Date 29/07/2021
   
   
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Last Updated: 30-6-2021 [21.06.02.21]
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