Closing Date 2021/12/21
Reference Number LAN211207-1
Job Title General Manager: Business Performance [Centurion]
Division Finance and Treasury and IT
Unit Finance Treasury & IT
Job Type Classification Permanent
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Centurion
JOB ADVERT SUMMARY
The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people
KEY PERFORMANCE AREAS
1. Manages Monthly, Quarterly and Annual Reporting Process Internally and to Key Stakeholders as required
1) Compiles a financial reporting timetable for communication to all stakeholders to meet reporting deadlines.
2) Performs financial analysis, interpretation and provides comment on financial reports to ensure timeous and accurate reporting to business, Exco / Board. - Financial Performance Write Up. - Reviews monthly management accounts. - Adapts reporting as required. •Reporting and analysis (Annual Report, Monthly Management Accounts, Quarterly Reports, etc.).
3) Implementation and maintenance of a full cost recovery model for the Bank.
4) Reporting to National Treasury.
2. Develops and Manages Operational and Capital Budgets as well as Rolling Forecasts Supported by Financial Planning
1) Manages the Land Bank Budgeting process.
2) Co-ordinates the budget timetable.
3) Compiles the budget guidelines in line with the Bank’s approved strategy.
4) Performs quality control by checking that all aspects have been included and are within parameters as indicated in the strategic document.
5) Evaluates the budgets to ensure alignment with the corporate strategy and give feedback to business units.
6) Utilises information from the budgeting process for reporting in the corporate plan.
7) Prepares the budget for presentation to the board.
8) Creates a process flow for the management of departmental expenditure including forecasting, tracking of expenditure and cost savings measures Implements Financial Policies and Procedures
9) Maintains a rolling forecast for the Bank.
3. Business Performance Analytics – both retrospective and predictive.
1) Profitability analysis and reporting - Profitability analysis including segment, customer, sector and channel profitability. - Provides other required financial analytics at the lowest level to enable decision making.
4. Finance Business Partnering
1) Finance Business partnering which essentially provides full finance support to the respective business areas regarding; - Reporting - Ensuring proper accounting for transactions - Budgeting and Planning, including rolling forecasts - Profitability and other financial analysis - Expenditure analysis and reporting - All other financial reporting requirements
5. Risk Management & Committee Participation Risk Management:
1) Provides guidance to the Finance Department Risk Champion to enable: - Reviewing and updating of organisational action plans on Business Unit’s risk register; - Capturing of operational new risks identified and discussed for the Business Unit. Audit Matters.
2) Responds to audit queries / opinions for own area of responsibility. Committee Matters
3) Attendance and Participation in various committees (MANCO, CROM, ALCO, CRMC, ORCO, PROCUREMENT, IMPAIRMENTS) and provides input into the strategic decision making of the bank.
6. Implementation and Management of a full cost recovery model and transfer pricing in the Group.
1) A full recovery model developed, implemented and maintained in the Bank.
2) Proper transfer pricing developed, implemented and maintained between Land Bank group companies.
7. Development and management of the Business performance function, including People Management Performance Management
1) Analyse the business plan to determine the applicable deliverables and targets
2) Compile the Performance Management documentation in collaboration with the staff member in terms of:
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