JOB TITLE: Financial Manager
KEY PURPOSE OF ROLE
To analyse, interpret and report financial accounting records (both forecasted and actual) in accordance with US GAAP, SA GAAP and group reporting policies for the holding company, TBWA\ South Africa.
A Financial Manager is responsible for the financial planning and analysis of a company, allowing the organisation to make well-informed commercial decisions.
They will be expected to produce regular reports using financial data; and work collaboratively across the entire agency to analyse and monitor business performance and strategy.
RESPONSIBILITY / ACCOUNTABILITY
KEY PERFORMANCE INDICATOR [KPI]
Maintenance, control and insight of financial accounting records
To ensure costs and billings are processed by monthly deadline
To reconcile and clear all balance sheet accounts
To reconcile monthly all intercompany loan accounts
To accrue and monitor expenses not yet accounted for
To prepare and review VAT returns and maintain tax files
To prepare and review royalty fees, media fees, etc.
To close the ledger monthly, post and review journals, and finalize the trial balance
Cash flow management and reporting
To perform working capital management and reporting
To oversee, manage and review cash management records, including funds drawn and received, etc.
To liaise with the bank
Financial Statements and periodic reporting
To prepare of required financial statements and reports which include the compilation and analysis of data required for the preparation of specialised monthly, quarterly and annual reports
Forecasts, budget management and group insights
To monitor and forecast revenues and expenditures as well as direct the preparation of financial reports of the expenditures and revenues
To monitors and forecast budget activity, initiating expenditure control methods as necessary
To review and approve purchases and contracts in conjunction with Group Financial Manager
To develop understanding of group profitability indicators and provide insights / feedback
Compliance and internal controls
To reinforce internal controls with subordinates as well as ensuring that rules, regulations and procedures are adhered to as related to the accounting process
To participate, with the guidance of the GFM, in the development of new accounting techniques as well as in the design and implementation of accounting subsystems
To consult with employees, internal managers, external auditors or other stakeholders to provide and obtain information on complex issues and process improvements
To prepare documentation required for financial year-end and annual audit, including the primary review of auditor output
