Job Purpose:
To coordinate budgeting, forecasting, cost accounting, and management reporting for assigned business units. The role provides financial insights to support operational and strategic decision-making, ensures compliance with accounting standards, and supervises cost accountants to deliver accurate, consistent, and timely financial information
Key Results Areas:
Budgeting and Forecasting:
- Lead the annual budgeting process for assigned business units.
- Consolidate unit forecasts into accurate management accounts
- Prepare monthly, quarterly and annual management accounts
- Develop and maintain financial models for budgeting, forecasting and variance analysis
- Monitor departmental and project budgets, highlighting variances and risks and corrective actions
Cost Accounting:
- Review and standardize costing methodologies used by each unit.
- Ensure accurate product costing, inventory valuation, and margin analysis.
- Guide cost accountants in budget preparation and cost control.
- Conduct cost analysis to support pricing and operational decisions
Financial Control:
- Ensure adherence to financial controls, accounting standards (GAAP/IFRS), and tax regulations.
- Implement and maintain consistent financial policies and procedures across units.
- Support internal and external audit processes, ensuring audit readiness and corrective actions
Financial Planning and Analysis:
- Consolidate and analyse financial and cost reports across business units.
- Prepare variance analyses, highlight trends, risks, and opportunities.
- Provide insights and recommendations to management for pricing, investment, and cost-saving initiatives.
- Support scenario modelling, business cases, and financial impact assessments
Reporting:
- Deliver accurate and timely management reporting, including KPIs, dashboards, and variance explanations.
- Communicate consolidated financial results to management
Team Management:
- Plan, select and develop manpower capabilities for the team.
- Set clear performance objectives and reviews as per company policy.
- Monitor and ensure company policies including but not limited to disciplinary is consistently applied.
Competencies:
Attention to Detail:
Accomplishes tasks: Checks to see that all steps in a process or procedure have been completed; checks work for errors or omissions before submission
Communication:
- Organises the communication: Clarifies purpose and importance; stresses major points; follows a logical sequence.
- Adjusts to the audience: Frames message in line with audience; checks understanding; presents message in different ways to enhance understanding.
- Ensures understanding: Seeks input from audience; checks understanding; presents message in different ways to enhance understanding
Customer Focus:
- Builds collaborative relationships: Builds rapport and cooperative relationships with customers.
- Takes action to meet customer needs and concerns: Considers how actions or plans will affect customers; responds quickly to meet customer needs and resolve problems; avoids over commitments
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