Senior Financial Analyst | IT Recruitment

Role Purpose:

To ensure that the departmental accounting systems, policies and procedures are being implemented. To verify the validity, completeness, integrity, and accuracy of financial information for both revenue and expenditure.
Deliver a strategic partnership to the business: –
- Analyse financial information
- Provide robust financial control to optimise performance for decision making
- Act as a strategic advisor to the business
- Seek new opportunities for the business to become efficiency focused, i.e. agile decisions, automation of processes, digital footprint opportunities on a proactive basis

Qualification/s:

Experience:

Key Performance Objectives

Cost of sales activities

Identify the relevant sources to account for relevant cost of sales items.
Define specific information required from sources to account for costs in accordance with IFRS.
Implement the processes required to produce cost/revenue information on a monthly basis.
Identify, implement and perform required controls in the processes to ensure accurate information is produced on a monthly basis.
Determine and implement control indicators to validate monthly information during the reporting cycles.
Communicate accrued amounts to the Business Partners and/or vendors for invoicing.
Review accuracy and allocation of invoices that were allocated

Month end closing and reporting activities

Investigate any possible over/under accruals and amend future calculations methods, processes or information to ensure accurate accruals. Liaise with the business partner on this process
Ensure all reversing journals reversed correctly from previous month.
Validate monthly information received by reviewing control indicators.
Identify any discrepancies and investigate the root cause with source systems
Calculate unearned revenue release or deferral at month end.
Calculate and account for any relevant discounts.
Review reconciliations for all revenue and expense accounts
Investigate any discrepancies and alert Financial Reporting team with any late adjustments to revenue figures and/or cost figures
Balance intercompany before trial balance close deadline.
Analyze current month revenue and cost numbers against budget and prior month figures.
Provide logical explanations for movements against budget and prior month figures.
Populate supporting information relating to revenue and cost drivers.
Perform/review reconciliations for relevant General Ledger accounts
Ensure that all balance sheet accounts are accounted for all balances are accurate
Ensure that write offs are done timeously
Review all supplier reconciliations
Review all customer reconciliations

Process creation/maintenance

Evaluate the need of official processes/procedures for the tasks under responsibility and implement them with the collaboration of Continuous Engineering
Annual assessment of the written procedures/ instructions with the need of the activity and eventually promote the updates on the system

Reporting

Perform detailed analysis for all relevant section in terms of performance against budget and prior month figures
Intercompany information
IFRS disclosure tables under responsibility
Other specific reports, e.g.
- Roll-forwards for assets and liabilities
- Financial year end disclosure requirements

Cost Savings / Efficiency Focus

Identify cost saving initiatives and advise business and senior management of these

Perform any other related duties as requested by Management

Competencies:

Results Orientation

Brief Description

Indicators

Energized by a challenge
Sets new and stretching goals for self or team, and achieves beyond what is expected
Exploits opportunities to exceed goals and works towards them, even under adverse circumstances
Always seeking new and better ways to improve performance

Team Leadership

Brief Description

Indicators

Agrees responsibilities based on insight into an individual’s competencies as well as experience, taking calculated risks where appropriate
Empowers the team to identify and solve problems, providing necessary support
Uses understanding of team and self to resolve conflicts effectively
Creates a clear sense of team identity and holds team accountable for meeting collective goals
Rewards individual initiatives beyond expectations to advance the common goal

Collaboration And Influencing

Brief Description

Indicators

Uses the informal structure, dynamics, and culture of an organisation to get things done
Actively seeks input in decision-making
Shows others how their objectives align with own
Actively contributes to the broader organisation or team, compromising on own preferences where necessary
Invests in building relationships with others

Change Leadership

Brief Description

Indicators

Encourages others to pursue opportunities for change
Takes action to influence specific individuals, such as giving them a part to play in the change effort
Publicly tracks the progress of the change in order to keep people engaged
Engages with people throughout the change process to understand and address emotional reactions and maintain commitment

Customer Orientation

Brief Description

Indicators

Thinks from customer’s perspective and continually delivers improved offerings that provide win/win impact
Shares information and ideas with customers, and challenges and stands up to them as appropriate
Takes special actions beyond standard business practice in the interest of the customer
Identifies and develops best practices for working with or adding value to the customer, and champions among colleagues/stakeholders