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Key Responsibilities:
Financial Analysis:
- Prepare monthly, quarterly, and annual financial reports, including presentations, for the CFO and Executive Committee.
- Conduct financial analysis to identify trends, variances, and areas for improvement.
Accounting, Audit and Compliance:
- Manage month-end processes and close.
- Manage the day-to-day accounting operations.
- Ensure compliance with local financial regulations, tax laws, and internal policies.
- Coordinate and lead the annual external audit process, liaising with external auditors and regulatory bodies.
- Review and implementation of accounting policies and SOPs
Reporting:
- Produce the monthly reporting pack for exco
- Produce reports for committees and boards
- Produce the annual financial statements
- Assist in grant reporting
- Formulate the annual corporate and reporting calendar
- Other reports required by both internal and external stakeholders for decision-making
- Developing presentations for various stakeholder reporting platforms.
Cash Flow Management:
- Monitor and manage cash flow to ensure the organization’s liquidity and financial stability.
- Oversee the management of banking relationships and optimize investment strategies.
Risk Management:
- Identify and develop a financial risk matrix
- Implement mitigation actions to reduce financial risk
Taxation:
- Oversight of all tax matters
- Preparation and submission of all tax returns
- Tax compliance
- Tax benefits available to the institute
Team Leadership and Development:
- Lead and mentor the finance team, fostering a culture of continuous improvement and professional development.
- Provide training and support to staff on financial processes and systems.
- Planning and prioritization of team tasks and goals.
Strategic Financial Support:
- Partner with the CFO to develop and implement financial strategies aligned with the Academy’s goals.
- Support strategic initiatives by providing financial insights and recommendations.
- Provide support to all teams in the grant application process, especially in the financial modelling
Systems and Process Improvement:
- Evaluate and improve financial systems, processes, policies and controls to enhance efficiency and accuracy.
- Lead the implementation of new financial tools and technologies as needed.
Profile of Ideal Candidate:
- Bachelor’s degree in finance, Accounting, or a related field; CA(SA) qualification preferred.
- Minimum of 5-7 years of progressive financial management experience, preferably in the education or non-profit sector.
- Strong knowledge of financial reporting standards, tax regulations, and IFRS compliance requirements.
- Proficiency in financial software and systems; experience with ERP systems is an advantage.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership and team management abilities.
- Effective communication and interpersonal skills.
- High level of integrity and attention to detail of students.
- A self-starter and must be able to implement and carry tasks and projects to conclusion.
- Strong report writer.
- Excellent Microsoft skills in Excel, Word and PowerPoint.
- Excellent stakeholder communication skills.