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South Africa

Head of Finance

Company BDO South Africa
Reference # ZPC_01
Published 10/01/2022
Contract Type Permanent
Salary Market Related
Location Johannesburg, Gauteng, South Africa
Introduction
BDO’s global organisation extends across 167 countries and territories, with 88,120 people working out of 1,617 offices – and we’re all working towards one goal: to provide our clients with exceptional service. Our firms across the organisation cooperate closely and comply with consistent operating principles and quality standards.

At BDO, we believe in investing in our people to help them grow, both professionally and personally. The foundation of our business is strong relationship, with colleagues, clients and other stakeholders and we work hard every day to make this a reality. Our commitment is to create unlimited growth by giving our people continuous opportunities.

BDO South Africa has a vacancy for a Head of Finance in our Johannesburg office.


Job Functions Executive Management,Finance
Industries Accounting & Auditing
Specification
The Head of Finance holds the responsibility and the accountability for the leading and managing the National Finance function. The individual is responsible for optimising the strategic implementation and maintenance of the function.

Main Duties and Responsibilities:

Strategy Development and Implementation
•Formulating and implementing the firm’s business strategy at a National level
•Designing and implementing internal processes to support the financial strategy of the firm
•Project development and management of relevant strategic projects that are aligned with the financial strategy
•Team design and resource planning to ensure achievement of the financial strategy
•Fully participate in the decision making processes/forums for strategy of BDO

Month end Processes
•Ensuring that all stakeholders (management team, board of directors, auditors) receive accurate and timely financial management information
•Monthly review of all management accounts to ensure accurate and completeness of posted transactions
•Ensuring that the preparation of financial reviews, cash flow statements, financial management reports and annual accounts for audit are done timeously
•Timeous month end procedures
•Processing entries when necessary
•Assuming full responsibilty for collating and distributing month end reports

Cash flow Management
•Monitoring the cash flow on an ongoing basis
•Ensuring that there is always sufficient cash flow for salaries and creditors payment
•Managing the firm’s overdraft facilities

Policies & Procedures
•Ensuring that BDO is equipped with sound Financial Management procedures and policies
•Ensuring that Management and employees are aware of the Financial Management procedures and policies
•Developing secure polices to maintain confidential information
•Assisting with implementation of controls, policies and procedures
oPayroll controls
oTrade Payable controls
oTrade Receivable controls
oProcurement controls

Management
•Developing effective cash flow/control systems, creditor/debtor policies & guidelines, pricing policies and a fixed asset register
•Monitoring of creditors/debtors accounts, cash position, payments control/regulation and investment of cash surplus
•Reviewing management reports for discussion at Management and Finance Committees
•Preparing adhoc reports for Senior Management and/or the CFO
•Initiating, discussing and approving management decisions in liaison with the management team

Budget
•Monitoring all expenditure and financial transactions in relation to approved budget and financial management guidelines and policies
•Monitoring the budget process and providing technical advice as required
•Guiding management in taking corrective action on deviances from approved budget plan
•Managing and monitoring departmental budgets and managing any variances and overruns
•Ensuring that employees and approvers are educated on Budget allocations

Reporting
•Providing reports to the following individuals, departments and/or external contacts on a regular basis:
oWeekly management and cash flow reports to the Finance Management Team to portray financial performance and cash position of BDO debtors and creditors
oQuarterly financial reviews to Management Team, EXCO and Service Line Leaders to portray the monthly financial performance of BDO in terms of profit and loss.
oAnnual accounts to the management team, EXCO and Service Line Leaders to provide the annual financial performance of BDO
•Assisting with the development and maintenance of all finance reports
•Ownership of all internal and external reporting
-Management accounts
-Dashboards
-Opsco/EXCO

Controls
•Ensuring controls on Payroll, Debtors , Creditors, Procurement, WIP, Revenue and system controls are put in place and monitored
•Ensuring all accounting activities and internal audits comply with financial regulations
•Reviewing and Reconciling accounts as required

Deadlines
•Ensuring adherence to all monthly calendar deadlines

Annual external audit
•Assuming full responsibility for external audits and Annual Financial Statements.

People Development and Management
•Providing leadership, coaching and ongoing performance feedback to team members
•Ensuring that the skills and experience of the team is consistent with the business needs for providing quality in present and future services
•Establishing clear organisational structures and succession plans aligned with appropriate responsibilities, accountabilities and personal development for all staff, in line with any anticipated growth
•Providing support for all Finance staff in keeping with the BDO Values.
•Knowledge sharing and upliftment of Finance team skills base
•Providing management training and guidance for team members in a supervisory role
•Completion of staff appraisals for the Finance Department, on an annual basis
•Reviewing the work of colleagues when necessary to identify compliance issues and provide advice or training as deemed necessary

Personal Development
•Keeping abreast of relevant changes on own field of work i.e. law amendments, new practice notes, attend technical meetings, etc.
•Identifying personal areas of development and engaging with the CFO to upskill and improve through training, formal development programs and online self-development
•Writing thought leadership commentary/ blogs and technical articles for BDO , participating in interviews and panel discussions representing BDO and Finance initiatives
Requirements
Qualifications:
•B.Com, B.Compt, BSc or other relevant qualification
•CTA
•Registered as a CA(SA) with SAICA

Requirements:
•At least 5 years proven experience in Financial Management
•Advanced Excel skills
•Good knowledge of Financial systems environment and understanding of the interaction between different modules and functional area
•A detailed understanding of the KPI methodology, CI tracking and key value drivers
•Sound knowledge of IFRS, Tax and Companies Act
•Implementation of financial accounting philosophy and measurements within operational environments
•Has a well-developed knowledge of business operations
•Ability to influence operational and functional personnel to achieve cost reduction and realize cost and efficiency savings
•Ability to identify key drivers and opportunities to improve business performance
•Competency in Microsoft applications including Word, Excel, and Outlook.

Job Competencies:
•Analytical Skills (for Finance Managers)
•Mathematical affinity
•Organisational skills and ability to prioritise
•Attention to detail
•Professionalism and a strong client orientation
•Ability to handle stress
•Social awareness and ability to work as part of a diverse team

BDO Core Competencies:
•Communication skills
•Leadership Relationships and Collaboration
•Exceptional Client Service
•Business Growth
•Engaging people
•Inclusive Agile Leadership
•Quality, Risk management and Operational transformation

The appointment will be made in terms of the firm’s Employment Equity Policy.
Only short-listed candidates will be contacted.

CONSENT TO PROCESS YOUR INFORMATION:

By sending us your application, Curriculum Vitae, academic records, qualifications, or any other personal information as defined by POPIA:
1.You have disclosed up to date and accurate records; and
2.You agree to us keeping your records in our data base as per our Retention Policy.

Declaration:
By agreeing to the terms herein, you give BDO South Africa the authority to process your personal information. This consent will remain valid until such time as we have received instructions from you to request, subject to any applicable law and where appropriate, the correction, updating or deletion of your personal information held by us. You further acknowledge and declare that all personal information supplied to BDO is accurate, up to date, not misleading and complete in all respects.
Job Closing Date 14/01/2022
   
   
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Last Updated: 30-6-2021 [21.06.02.21]
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