Finance Manager

About the job
Purpose

Leading and managing finance team in Mauritius. Ensures financial practices and information are in line with company policy and all statutory legislation & regulations (International Financial Reporting Standards – IFRS). Oversees the work of Financial Accountants responsible in Mauritius.

 

Experience and Qualifications

• 8-10 years post article experience, with at least 2-3 years management experience and 3 years financial accounting experience in the Rest of Africa Must be able to communicate at executive level Intermediate/advance MS Office knowledge
• BCom Hons with articles or equivalent essential CIMA, CA (SA) preferable
• Internal Communication – Executive/Partners, Business Services Management, All levels of staff
• External Communication – Consultant Financial Institutions and Auditors

 

Preparation of Monthly Management Accounts & Financial Reporting

• Preparation of the monthly management accounts pack in order to fully assess the performance of the Mauritius office.
• Reviewing of the income statement, balance sheet and cash flow as prepared by the Financial Accountants.
• Prepare a monthly 5 month cash flow forecast, including a liquidity and solvency analysis , to assess if a distribution can be paid to directors and to ensure that we adhere to all internal and external covenants
• Preparation and presentation of Mauritius financial performance at a monthly Africa update meeting
• Ensuring that IFRS are applied consistently and in line with SA practices.

 

Cost Analysis & Control

• Analysis and identification of incurred costs versus budget and prior year, in order to fully understand cost drivers for key stakeholders to make informed decisions
• Identify cost saving opportunities in order to improve the financial wellbeing of the Firm.
• Review reconciled expenditure reports to test the validity of costs
• Internal Control Systems Development
• Ensuring that Firm internal controls for the different accounting cycles and processes are customized and applied in Mauritius in order to ensure consistency across the group, where practical and allowed by local legislation.

 

Pricing

• Leverage off the Firm pricing model to customise and implement in Mauritius.

 

Budgeting & Budgetary Control

• Lead and co-ordinate the budgeting process for Mauritius in order to set performance targets for performance monitoring and control throughout the financial year.
• Effectively manage and communicate the budget process and principles to stakeholders.
• Review the budgeted fees and expenses for large variances and resolve prior to the GFM conducting his review.
• Engage with the managing partner in Mauritius, in-country finance team and business services stakeholders for completion of their various annual budgets.
• Preparation of the budgeted income statement, balance sheet and cash flow, statements including determining funding needs for the year ahead
• Compilation of the information required by the Remuneration committee, including historical fee and profit information per team and per fee earner.
• Provide input to the annual budget presentation for approval by the board as directed by GFM

 

External Audit & Preparation of Annual Financial Statements (AFS)

• Participate in the annual external audit through assisting the in-country finance teams with an audit plan and execution
• Provide assistance to the in-country finance teams to resolve auditor queries and ensure the audit is completed in an appropriate time frame
• Review financial statements to ensure they are prepared in accordance with IFRS.
• Present findings to the Group Chief Financial Officer (GCFO) and GFM for board approval

 

Leadership and Management

• Manage financial accountants in Mauritius.
• Manages own teams performance to ensure delivery of the approved finance strategy across designated departments
• Gives regular, comprehensive and constructive feedback to team and conducts their performance appraisals
• Proactively seeks feedback from team members and deals constructively with any criticism.
• Adjusts management style to get the best from the individuals within the team
• Delegates work to team members taking into account their capacity, level of skill and exposure to different types of work and complexity; provides clear instructions and direction, with reasonable deadlines

 

Relationship Building

• Develop relationships with Partners and senior managers as a trusted financial advisor
• Develop relationships with all individuals below management level as a trusted financial advisor
• Maintain strong working relationships with and have open and transparent communication between all members of the team
• Develop and maintain relationships with external vendors to ensure service delivery of high quality

Ad-Hoc Requests

• Support the business as and when ad-hoc financial request come in and provide information that is accurate, of a high standard and delivered within required timeframes

 

Key Competencies

• Attention to Detail
• Interactive Communication
• Relationship Building
• Stress Management
• Financial and Management Accounting
• Financial Budgeting, Planning and Reporting
• Financial Policy Development, Interpretation and Application
• Legislation, Policies, Procedures and Standards
• Developing Others
• Planning and Organizing

 

“Bowmans is an Equal Opportunity Employer