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PASSENGER RAIL AGENCY OF SOUTH AFRICA (PRASA) - SENIOR MANAGER: FINANCE, CAPE TOWN
PASSENGER RAIL AGENCY OF SOUTH AFRICA (PRASA)
INTERNAL AND EXTERNAL ADVERTISEMENT
JOB TITLE: Senior Manager: Finance
SALARY GROUP: Senior Management
LOCATION: Cape Town
DEPARTMENT: Finance
REFERENCE: R&S/WCR/11/01/2020
Mission
To provide complete, relevant and accurate Regional Financial Statements and meaningful financial analysis to the business in order to support business decision making within PRASA CRES.
Key Responsibilities:
• Corporate governance: No Audit qualification or matters affecting audit opinion; Management of audit to timely completion including resolution of all queries and findings; Ensure timeous reporting to corporate office; Compliance with all statutes including PFMA, Treasury Regulations etc.; Maintenance of an updated risk register to CFO.
• Financial Management: Prepare a complete, accurate and timely trial balance (monthly, quarterly); Monitor the management of proper general ledger reconciliations with full support for all assets and liabilities; Manage relevant information for proper business management; Approval of consistent application of Group policies and procedures across the Business unit; Manage relevant and accurate support from all sub systems and for AFS notes; Deliver plan for long term liquidity and alert to problems well in advance of adverse business impact; Monitor Asset Register and verification; Monitor regional work in progress expenditure; Responsible for the Regional Operational budgets and Forecasting;
Provide financial assistance in the capital budgeting and investment decision making for the region; Understand operational business and provide financial support to line managers; Monitor payment process to ensure that suppliers are paid within contractual commitments and relationships maintained; Manage debt collection process; Ensure timely allocation of monies received to tenant accounts; Develop and maintain relationships with third party providers - audit, banking etc.; Understand and report on cost drivers and trends and assist with contractual management of cost elements; Deliver pertinent reporting to enable full capex spend to be optimized.
• Provide Advice: Serve as custodian of business cycles (ensure business cycles are in place and documented, advise business on mitigation of risk i.r.o documentation and align with auditing function to ensure controls are in place); Strengthen controls in Accounts & Payable to eliminate fraud; Compare ratios against benchmarks in order to provide informative reports; Measure performance against set key operational performance ratios and targets, drive implementation of corrective actions.
• Financial Reporting: Generate relevant management reports, develop uniform operational reporting standards that encompass identification of key operational performance ratios, provide cost benefit analysis on all operational plans and strategies, review performance of business against strategic goals;
• Fixed & Movable Assets Management: Ensure all asset are capitalized on time; Reduce WIP balance; Maintain an accurate asset register;
• Improved Audit Reports (Internal & External): Effective management of Internal and External audits; Ensure all documents are provided to auditors on time; Follow up on previous audit findings with relevant managers to avoid repeated findings.
• Management of Staff: Analyze business plan to determine deliverables and targets; determine human resources requirements in accordance with expected deliverables; Performance Management, coaching, feedback; Ensure business continuity through management of organisational structure, roles and recruitment.
• Compliance to legislation, financial policies and finance strategy: Ensure compliance to PFMA; Improve operating procedures in line with approved policies.
• Provide Advice: Serve as custodian of business cycles (ensure business cycles are in place and documented, advise business on mitigation of risk i.r.o documentation and align with auditing function to ensure controls are in place); Strengthen controls in Accounts & Payable to eliminate fraud; Compare ratios against benchmarks in order to provide informative reports; Measure performance against set key operational performance ratios and targets, drive implementation of corrective actions.
• Financial Reporting: Generate relevant management reports, develop uniform operational reporting standards that encompass identification of key operational performance ratios, provide cost benefit analysis on all operational plans and strategies, review performance of business against strategic goals;
• Fixed & Movable Assets Management: Ensure all asset are capitalized on time; Reduce WIP balance; Maintain an accurate asset register;
• Improved Audit Reports (Internal & External): Effective management of Internal and External audits; Ensure all documents are provided to auditors on time; Follow up on previous audit findings with relevant managers to avoid repeated findings.
• Management of Staff: Analyze business plan to determine deliverables and targets; determine human resources requirements in accordance with expected deliverables; Performance Management, coaching, feedback; Ensure business continuity through management of organisational structure, roles and recruitment.
• Compliance to legislation, financial policies and finance strategy: Ensure compliance to PFMA; Improve operating procedures in line with approved policies.
Knowledge: Policies and procedures – internal and financial; Accountancy principles, regulations & legislations; General business management; GRAP, PFMA; Treasury Regulations; Auditing; Business Acumen; Business continuity; Corporate Governance; General Business management.
Skills: Good written and verbal communication; Management; Problem solving; Holistic thinking; Decision making; Good organisational skills; Strong interpersonal skills; Computer Literacy; Accuracy; Conflict Management; Interpretive skills; Risk management; Strategic planning; Negotiation skills; Manage political relationships.
Attitude: Ability to work under pressure; Leadership through guidance and influence; People orientated; Positive and motivated; Quality orientated; Deadline Driven, Pro-active; Attention to detail; Responsible; Analytical; Good Judgement; Team work; Initiative; Reliable; High Integrity; Professionalism; Self-motivated; Willing to work extended hours; Willing to travel.
Minimum Requirements:
• Grade 12
• BCom Honours in Accounting
• CA (SA) will be an added advantage
• 5 Years’ Experience in Management role
• 5 Years’ experience in management accounting and financial reporting
• 10 Years’ experience in Finance environment
• SAP knowledge
Date: 17 November 2020
Please note that the placement will be in line with the company Employment Equity plan. Should you not hear anything in three months from the closing date, please consider your application unsuccessful.
Please apply by submitting your CV together with a certified (not more than 3 months) copy of ID & certificates to: The Senior Manager: Human Capital Management: e-mail: cdire@prasa.com
PLEASE NOTE THAT INCOMPLETE APPLICATIONS WILL BE DISCARDED
As per PRASA Employment Equity Plan, this position is earmarked as follows:
Male: African, Indian, Coloured, White
Female: African, Indian, Coloured, White