Head Of Finance

May 2024

Head of Finance Vacancy Permanent Johannesburg

Reports to : Chief Financial Officer

Direct Reports: Financial Reporting Manager Financial Managers

Main Job Purpose:

This role acts as Head of Finance and supports leadership in financial decisionmaking strategic

financial input developing and implementing financial procedures to improve and maintain the

financial health of the organisation.

To support the CFO in the administrative financial and risk management operations of Anova and

the continuous development and monitoring of control systems designed to preserve the

organisation’s assets and report accurate financial results.

Financial Management & Reporting

Manage and provide leadership to the finance department as per direction from the CFO to

ensure the financial infrastructure is stable and supports the future demands of the

organisation.

Manage operations by:

o verifying the accuracy and quality of all financial

o information ensuring it is maintained in terms of

o international financial reporting standards.

o ensuring that performance measures and monitoring systems are in place that

support the organisation’s strategic direction.

o managing and overseeing that reporting monitoring and recording systems attain

the highest standard of financial integrity ensuring that the organisation’s financial

systems procedures and policies are in line with best industry practices.

o ensuring that the designed core cost structure and basis of recovery is implement on

a monthly basis from the individual projects.

o ensuring cash flow management of the business by monitoring cash balances and

cash forecasts and tracking cash flow to ensure it is appropriate and sustainable

o reviewing and authorising EFT payments and supporting documentation

o overseeing adherence to the law and organisation’s policies

o implementing operational best practices

o overseeing the issuance of financial information

o champion excellent management of financial resources promoting efficiency high

performance and overall value for money

o promote the review of financial policy systems and practices to deliver continual

improvement automation and selfservice and explore systems full benefits

o manage and oversee the fixed assets of the organisation ensuring the accurate

recording tracking and related reporting.

Partner with various departments to formulate annual budget inputs for their area of

responsibility to ensure that the budget is adequate and appropriate.

Ensure the timely preparation of robust budgets from a financial perspective testing the underlying assumptions and quality assuring the cost benefits and mitigating risks.

o analyse interpret and communicate financial and performance data provide financial

advice and influence decision making where appropriate to achieve budget targets and

strategies.

o Monitor budget expenditure ensuring that expenditure is in line with what is required.

Complete appropriate returns and produce unqualified statement of accounts in accordance

with the statutory legislation practices and timetables.

Prepare and when necessary present various reports including monthly management packs

current reports forecasting reports and adhoc reports to meet reporting requirements and ad

hoc requests.

Support in the preparation of quarterly submission of the organisation’s financial reporting at

Board meetings by preparing financial information and reports as required.

Support in the preparation of monthly submission of the organisation’s financial reporting at

Exco meetings by preparing financial information and reports as required.

Responsible for ensuring that payroll is correctly funded each month by transferring cash from

projects bank accounts to payroll so that the reviewed and authorised monthly payroll can be

released.

Support the Financial Controller with inputs required for budgets and cash flow forecasts.

Actively participate in the FINCO monthly meetings

Manage the external and internal audit and ensure that information is timeously furnished.

People Management:

Manage staff (in line with policies procedures and standards) by:

o Partnering with HR on recruitment and induction of new team members

o Managing the performance review process

o Identifying training needs or staff support needs and ensuring that such training or support is

provided;

o Mentoring and guiding staff by facilitating regular meetings

Stakeholder Management:

Develop relationships with relevant financial institutions internal external and funder auditors and stakeholders to ensure good working relations.

Manage and retain relationships with various vendors to meet the requirements of the

organisation.

Support the Financial Controller with information required on a daytoday basis

Risk Management:

Understand and mitigate key elements of the company's risk profile and support in identifying

and reporting financial risks to the CFO to ensure implementation of corrective measures and/or

risks identified are mitigated to an acceptable residual risk.

Ensure that record keeping meets the requirements of auditors and government agencies.

Actively participate in the OPCO monthly meetings

System Implementations:

Project manage the new system implementation upgrade and get involved in the training testing

and change management.

Manage the assets projects and plan to ensure it is successfully executed evaluated and

reported on.

Adhoc Tasks:

Other adhoc tasks delegated by the CFO.

Minimum Qualifications and Experience

CA(SA) or equivalent

MBA advantageous

At least 8 to 10 years’ progressively responsible experience in a senior financial management

role

Solid staff managerial and supervisory experience working in cross functional teams

Solid knowledge of financial accounting policies and procedures

Understanding of International Financial Reporting Standards.

Enterprise resource planning /systems experience

Knowledge of donor grants and the nonprofit sector advantageous

Technical Competencies and Skills

MS Office

Microsoft Dynamics SL financial reporting software

Generally Accepted Accounting Principles (GAAP)

IFRS