Financial Manager

Remuneration:	market-related
Location:	Sandton
Job level:	Management (Jnr - Mid, 1-4 yrs)
Type:	Contract
Reference:	#Temp FM - Network BB
Company:	TBWA South Africa

Key purpose of role

To analyse, interpret, and report financial accounting records (both forecasted and actual) in accordance with US GAAP, SA GAAP, and group reporting policies for the holding company, TBWA\ South Africa.

A financial manager is responsible for the financial planning and analysis of a company, allowing the organisation to make well-informed commercial decisions.

They will be expected to produce regular reports using financial data and work collaboratively across the entire agency to analyse and monitor business performance and strategy.

Responsibility / accountability

Key performance indicator (KPI)

Maintenance, control, and insight of financial accounting records

• To ensure costs and billings are processed by the monthly deadline
• To reconcile and clear all balance sheet accounts
• To reconcile monthly all intercompany loan accounts
• To accrue and monitor expenses not yet accounted for
• To prepare and review VAT returns and maintain tax files
• To prepare and review royalty fees, media fees, etc.
• To close the ledger monthly, post and review journals, and finalise the trial balance

Cash flow management and reporting

• To perform working capital management and reporting
• To oversee, manage, and review cash management records, including funds drawn and received, etc.
• To liaise with the bank

Financial statements and periodic reporting

• To prepare required financial statements and reports, which include the compilation and analysis of data required for the preparation of specialised monthly, quarterly, and annual reports

Forecasts, budget management, and group insights

• To monitor and forecast revenues and expenditures as well as direct the preparation of financial reports of the expenditures and revenues
• To monitor and forecast budget activity, initiating expenditure control methods as necessary
• To review and approve purchases and contracts in conjunction with the group financial manager
• To develop an understanding of group profitability indicators and provide insights/feedback

Compliance and internal controls

• To reinforce internal controls with subordinates as well as ensuring that rules, regulations, and procedures are adhered to as related to the accounting process
• To participate, with the guidance of the GFM, in the development of new accounting techniques as well as in the design and implementation of accounting subsystems
• To consult with employees, internal managers, external auditors, or other stakeholders to provide and obtain information on complex issues and process improvements
• To prepare documentation required for financial year-end and annual audit, including the primary review of auditor output

Role requirements

Required knowledge and experience

• Knowledge and experience within the advertising industry and related disciplines
• BCom Financial Accounting
• At least 2-5 years of financial accounting experience
• At least two years of article clerk experience
• Previous experience in managing staff preferred
• Qualified CA (SA) preferred

Required skills

• Excellent financial skills
• Excellent organisational ability
• Verbal and written communication skills
• Creation of a strong team environment and positive working culture
• Proactive support of group financial manager and flexibility with ad hoc requests

Required technical skills

• Microsoft (Excel, Word, etc.)
• Current working knowledge of IFRS and SA GAAP
• Broad understanding of US GAAP
• Hyperion experience preferred but not compulsory

Required behaviours

• Highly professional
• Driven, energetic, and engaged
• Strong sense of urgency when required
• Ability to react and be proactive
• Training, counselling, and mentoring of subordinates, ensuring delivery on KPIs
• Creation of clear self-development and growth plans
• Provision of feedback to GFM and GCFO regarding suggested improvements

Posted on 07 Aug 14:27, Closing date 5 Sep