Finance Manager 203 views2 applications

Introduction

The South African Red Cross Society (SARCS) is a National Society that was established by an Act of Parliament as a humanitarian organization auxiliary to the Government in the humanitarian field.

The auxiliary mandate of SARCS as stipulated in the Red Cross Act, demands that it plays a pivotal role in complimenting Governments efforts in Disaster management, Social Services   and Health Services. The SARCS service provision aims at preventing and alleviating human suffering, protecting life and health, and restoring the dignity of the most vulnerable communities.
SARCS has vacancies for the positions below, tenable in PRETORIA respectively.

MAIN PURPOSE OF THE JOB:

The Finance Manager position is responsible for maximizing South Africa Red Cross Society (SARCS) returns on financial assets by establishing financial policies, procedures, controls, and reporting systems. The substantive is responsible for the overall management and supervision of the Finance Management (Two Accountants Officers) team of the Society. The Finance Manager will manage and monitors business trends and product availability to pay the best price for goods, services and works without sacrificing quality and delivery timelines.

KEY PERFORMANCE AREAS

• To manage and account for the financial resources and assets of SARCS
• Supervise the recording of financial information in the financial management software so that accurate and timely reports are produced for effective financial management, for the senior management team (SMT), the SARCS Governing Board, Donor Agencies and Development Partners
• Present accurate and timely monthly management accounts to the SMT and the SARCS Governing Board
• Prepare and plan for internal and external audits, liaise with auditors and produce annual financial statements that are suitable for audit
• Ensure that all information and documentation requested by the auditors are supplied in a timely manner
• Follow up on audit queries or recommendations in a timely manner
• Prepare and monitor cash flow forecasts and recommend corrective actions to avert projected cash flow constraints
• Provide professional leadership and technical guidance to identify, evaluate and mitigate organisational risk factors in all SARCS programmes and activities
• Devise appropriate strategies and policies that mitigate loss, duplication and inefficiencies
• Identify, develop and implement continuous improvements to accounting systems and procedures to enhance the quality, timeliness and availability of financial information
• Develop strategic financial plans and budget estimates outlining projected sources of revenue and expenditures to achieve targeted outcomes
• Maintain stringent controls to ensure that expenditures are within defined budgetary limits, properly authorised and supported by appropriate documentation
• Provide strategic financial and professional guidance to senior management and the SARCS Governing Board to ensure that informed strategic decisions are taken
• Accounting policies and procedures should be regularly updated to ensure the efficiency of financial accounting systems and procedures and their compliance to standard accounting principles, procedures and regulations as specified in the Finance Manual and to statutory requirements
• Ensure that the Working Advances Control Account is accurate and up to date
• Coordinate banking services, reconciliations and the custody of funds, securities and other financial instruments
• Develop and implement financial management systems and procedures that improve financial reporting and accounting for acquisitions, maintenance, valuation, depreciation, capitalisation, replacement and disposal of assets
• Lead the development and regular update of the Finance Manual to standardize and streamline financial management practices within SARCS
• Monitor capital and operational expenditure against approved budgets so as to understand and investigate significant variances to minimise any recurrence
• Make appropriate recommendations to programme managers from financial assessments of programme and project performance against goals and objectives
• Is responsible for the safe custody of financial and accounting documents, ensuring that they are properly filed, secured and readily accessible
• Participate in the recruitment and selection of finance and audit staff/clients
• Provide an oversight contract negotiation with suppliers and contractors to ensure that all contractual obligations are fulfilled cost-effectively
• Participate in organisational performance reviews, business process improvement programmes and undertake special investigations aimed at improving organisational effectiveness as required from time to time
• Devise strategies for the management of investments, surpluses, working capital and expenditure on programmes for the consideration of the SARCS Governing Board
• Monitor the Society’s portfolio of investments & assets and make investment decisions that optimise the financial resources of SARCS
• Responsible for the leasing, renting, financing, maintenance and renovation of the properties of SARCS

1. SKILLS REQUIRED

• Proven good judgment and ability to work with complete integrity and confidentiality, acting as a model of the highest integrity in a personal capacity and at a team level
• A high degree of discretion, tact and sensitivity with internal and external stakeholders
• Advanced skills in computer applications (Word, Excel, PowerPoint, and Outlook).
• Advanced knowledge of accounting concepts
• Knowledge of Financial Reporting Standards
• Advanced knowledge of financial management and reporting
• Understanding of internal control and financial management concepts.
• Able to work under pressure with no supervision and be well organized and diligent
• Good people skills and communication skills (both verbal and written) in at least two of the provincial languages
• Financial management skills
• Ability to effectively provide training on finance and administration management matters

 2. EDUCATIONAL BACKROUND

• Bachelor’s Degree in finance, Financial Management, Accounting or any other relevant field
• Recognized professional financial/accountancy qualification, e.g.  ACCA, ACA

3. CORE COMPETENCIES

• Competency in financial control and reporting to board-level
• Competency in financial accounting and reporting software; Microsoft Dynamics Nav preferred
• Experience of administrative systems and procedures
• Knowledge of International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)

4. EXPERIENCE

• 5 to 10 years’ experience of financial accounting in a humanitarian organization, commercial enterprise or auditing firm

REMUNERATION: SARCS offers a competitive salary commensurate with qualifications and experience

APPLICANTS SHOULD PROVIDE THE FOLLOWING DOCUMENTS.

a)   Detailed curriculum vitae
b)   Three work related and traceable references
c)   Certified copy of identity card
d)   Certified copies of academic certificates
e)   Certified copy of drivers license

If you consider yourself to be the best candidate for these positions, please send your application letter, together with your CV and work-related references on or before 13th November 2020 to: [email protected]