Closing Date 2020/02/24
Reference Number LAN200212-2
Job Title General Manager: Finance
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.
MAIN PURPOSE OF THE JOB
To provide accounting, managerial and operational expertise in order to provide relevant and reliable information for business decision making through the design, implementation and maintenance of effective financial processes, procedures and policies.
Key Performance Areas
Develops and Manages the Management and Financial Accounting function of the Business
1. Liaises with Chief Financial Officer to determine the deliverables of the department and creates plans to achieve goals and objectives Committee Matters
2. Participates in various committees (MANCO, CROM, ALCO, CRMC, ORCO, PROCUREMENT, IMPAIRMENTS) and provides input into the strategic decision making of the bank. Risk Management
3. Provides guidance to the Finance Department Risk Champion to enable:
1) Reviewing and updating of organisational action plans on Business Unit’s risk register.
2) Capturing of operational new risks identified and discussed for the Business Unit. Audit Matters
4. Liaises with both internal and external auditors and responds to audit queries / opinions.
5. Manages the co-ordination of the external Audit Process - responsible for ensuring smooth interim and year-end audits, including coordination of Client Assistance Schedules.
Reporting and analysis (Annual Report, Monthly Management Accounts, Quarterly Reports to National Treasury)
1. Compiles a financial reporting timetable for communication to all stakeholders to meet deadlines Annual Report
2. Manages annual report preparation process:
3. Annual Financial Statements;
4. Financial Performance Write Up. Monthly Management Accounts
5. Reviews monthly management accounts.
6. Adapts monthly reporting as required.
7. Performs financial analysis, interpretation and provides comment on financial ratios to ensure timeous and accurate reporting to Exco / Board.
Manages the Land Bank Budgeting process
1. Develops and manages operational and capital budgets supported by financial planning:
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
1. Creates the criteria for Financial Management approaches and develops, implements and enforces appropriate policies
2. Reviews, updates and enforces policies and procedures and suggests improvements
3. Oversees and is responsible for the management and adherence to policies and processes relating to Financial management
4. Analyses the strategy and plan and creates the policies and approaches to support the plan through detailed sub-policies and processes: - Claims - Travel - Expenditure policies
Manages Payroll, Accounts Payable, Payments, Travel and Events and Projects
1. Ensure that systems and controls are in place to reconcile the payments, accounts payable and employee complement, as indicated by Human Resources, with the payroll run each month.
2. Sign off reconciliations for accounting purposes are undertaken monthly.
3. Manages interest claims function to ensure that the backlog is reduced and all outstanding claims finalised within specified timelines and ensures that all business-as-usual
Departmental and 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:
3. Job Profile requirements
4. Key Performance Areas
5. Personal Development Plan
Capacity Planning
1. Determine the human resource requirements, in accordance with the expected deliverables and current capacity
2. Secure the human capital requirements to ensure that deliverables will be met in accordance with the expected targets
3. Set and achieve employment equity targets.
4. Minimise staff turnover Financial Management
5. Develop and manage budget
6. Manage expenditure and ensure no fruitless expenditure
7. Adhere to financial guidelines and thus ensure proper control over expenditure
8. Pursue divisional targets and manage the financial health and stability of division
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