Financial Manager

Description:

A leading independent power producer, operating and developing power projects in South Africa and based in Claremont, Cape Town, is looking for a Financial Manager to join their Dynamic Finance Management Team.


The Finance Manager is responsible for the reporting and financial management of various project companies within the portfolio. The role encompasses full responsibility for the finance function of eight operational power plants and will be the finance business partner to the operations team on these plants. Additionally, the Finance Manager manages the finance budget, maintains the financial models, treasury operations, and ensures compliance with local tax reporting requirements.
The position requires an individual with sound technical, business and financial reporting skills as well as knowledge of financial systems, financial processes and internal control mechanisms.


Key Responsibilities
Prepare and manage transactional and reporting processes
Maintenance and responsibility for the accuracy and timeliness of the
books and records, including general ledgers and any other reporting,
Maintenance of the fixed asset ledger for all the project SPVs,
Ensure that month end accounts are closed by working day four
Overall responsibility of the accuracy and completeness of the P&L and Balance Sheets
Review reconciliations
Prepare the finance inputs for monthly analysis and input for monthly shareholder and stakeholder reports
Prepare the finance inputs for Board meeting reports.

Cash Flow Management
Cash management responsibility, ensuring cash use is maximised for the project SPV and all lender covenant requirements are met,
Timely cash reporting and forecasting,
Maintain treasury banking relationships, including primary day-to-day interface with operational bank providers,
Liaison with lenders and auditors to ensure compliance with all filing requirements and assist in the resolution of new accounting issues
Review and approve payments (electronic banking or manual)
Repayment of loans review calculations for accuracy before processing payments
Payment of dividends and distributions to shareholders
Statutory and Compliance Reporting
Preparation and sign-off of annual audited accounts/financial statements
preparation in accordance with IFRS
Ensure all CIPC and other related reports are filed timeously
Working closely with the Group tax manager and tax practitioner, manage all local tax issues for the project SPVs
Ensure tax compliance requirements are met, including all corporation tax, VAT and WHT returns
Manage external tax advisors and coordinate advice as required
Manage the process of obtaining tax clearance certificates and any advanced rulings that are deemed necessary
Lead the response to all tax audits, liaisi