Closing Date 2022/11/29
Reference Number DBS221114-4
Job Title Financial Manager [Centurion]
Job Type Classification Contract
Location - Town / City Centurion
Location - Province Gauteng
Location - Country South Africa
JOB DESCRIPTION
1. To manage the key performance and result indicators associated with the Financial Section through the implementation of laid down policies and procedures dictating financial reporting and recording requirements.
2. Providing input into longer term objective setting and financial planning sequences, financial reporting, directing and executing accounting procedures and processes associated with controlling creditor/debtor accounts, investments, fixed assets, debt administration and other key functions in the Finance department.
KEY RESPONSIBILITIES
Financial Planning(Budgeting) and Reporting
1. Identifies and defines the short to medium term objectives and priorities of the Section encapsulating procurement, expenditure and remuneration control functionalities, by:
1) Analysing and aligning operating capacity and capabilities of the Section to deliver against specific key performance areas.
2) Studying capital and operating expenditure trends and forecasts received from internal departments and, preparing estimates with due consideration to internal and external funding requirements and limitations.
3) Evaluating and commenting on the strengths, weaknesses, opportunities and threats arising out of operational activities and deliverables in detailed financial reports submitted for perusal to the Head of Department and Executive Committee.
Expenditure Control
Manages applications and sequences associated with recording, authorization and execution of expenditure transactions, by:
1) Scrutinizing supporting documentation and goods receipting sequences against transactional recordings and seeking investigational reports from expenditure processing functions on anomalies to accounts and payment due/ made.
2) Analyzing accounting records/ entries of transactional sequences (salary, allowances, etc.) and approving the processing of adjustments through journal entries, reconciliation and posting to general ledger creditor accounts.
3) Monitoring transactional sequences associated with expenditure for capital and ad-hoc projects/programmes and approving transactional financial reports on projects prior to release for Management perusal and comment.
4) Preparing reports and schedules of accounts, sourcing and collating information from audited project financial records to support application for grant funding and/ or resolution of claims lodged with provincial/ national government structures.
Investments
Manages the execution of specific sequences associated with controlling investments allocated to specific call accounts, by:
1) Interacting with Financial Institutions on the status of markets against returns on short term investments and, allocating funds to specific call accounts.
2) Updating and maintaining all information, transactional records and investment documentation and registers.
Asset Management
Manages and controls specific accounting procedures associated with asset acquisition and disposal, by:
1) Monitoring the status of records associated with the assets of the organisation.
2) Authorise-off and/ or sale through auction or other prescribed means of disposal of assets exceeding the allowable life cycle and, coordinating the outcomes and accounting sequences thereof.
Debtors Control and administration
Manages applications and sequences associated with recording, adjustment and updating of the Municipality’s debtor related transactions and accounts, by:
1) Monitor debtor accounts, alerting users to activate or seek approval on specific debt recovery sequences.
2) Manage and guiding specific deadlines and financial reporting sequences associated with audit and legal compliance exercises, checking and verifying information/ records submitted satisfies the scope of requirements.
Organisational design/People Management
1) Determine the appropriate HR requirements and structures to ensure optimum efficiencies are achieved and maintained
2) Determine performance standards for subordinates and manage the performance evaluation process including the establishment of training needs, the monitoring of improvements/deterioration and the implementation of appropriate actions to reward or rectify behaviour
Systems/Processes
1) Determine performance standards and report on the achievement or otherwise of such standards
2) Implement appropriate corrective action where necessary
Implement and monitor effective cost reduction processes/systems to ensure services are continually provided at the best possible cost
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