Business OMSA
Key Focus This role has responsibility for a significant business unit, function or segment, defining and implementing financial strategy in the unit/ function/ segment, and ensuring the ongoing financial soundness and profitability of the unit/ function/ segment. The incumbent is individually accountable for achieving results through other managers and their teams, over periods of 1 to 2 years.
Employment Equity Category Legislators, Senior Officials and Managers
Minimum Qualification
Additional Qualification Information CA.5 yrs experience.
Market Job Codes MJC.SENIOR FINANCE MANAGER
CCM Level Manager of Managers
Key Result Areas
Financial Reporting
• Accountable for preparation of financial reports and record keeping for business unit.
• Produces business financial reports with meaningful analysis and commentary.
• Could include consolidation of accounts.
Financial Strategy
• Translates strategy into business plan over periods of 1 to 2 years.
• Contributes to and implements financial strategy through other managers and their teams.
• Drives commercial aspects of business.
• Plays an active role in the Finance community and champions the financial soundness and profitability of the business unit.
• Looks for opportunities to minimise tax and improve the organisation’s position.
• Influences business on corrective actions required on issues raised by financial accountant.
Governance & Compliance
• Ensures best financial operating practices are in place.
• Responsible for internal and external audit liaison.
• Ensures tax, legislative and statutory requirements are met.
• Ensures IAS compliance within a unit.
Management Effectiveness
• Manages service delivery through a team of Financial managers for periods of 1 to 2 years.
• Manages the HR function for the department as well as all day-to-day staff administration.
• Drives operational excellence through area of supervision.
• Holds first line managers accountable for managerial work, including selection, performance management and talent management.
• Develops MOs and specialists under supervision.
• Selects potential MOs to sustain pipeline.
Role Description
• Contributes to and implements financial strategy.
• Translates strategy into business plan.
• Monitors financial processes and performance for business unit/segment.
• Accountable for preparation of financial reports and record keeping for business unit/segment.
• Drives commercial aspects of business.
• Ensures best financial operating practice and IAS compliance within a unit.
• Responsible for audit liaison as well as tax, legislative & statutory requirements.
• Influences business on corrective actions required on issues raised by financial accountant.
• Could include consolidation of accounts.
• Looks for opportunities to minimise tax and improve the organisation’s position.
• Has responsibility for significant business unit, function or segment.
Competence Requirements
• Planning, supporting and guiding/coaching others by focussing them on the accomplishment of work objectives through active performance management and development. This is done to enhance and strengthen their respective skills and abilities that they can fulfil current and future role responsibilities more efficiently.
• The ability to understand the big picture in which the business is operating, the inter-play between the different components and the impact on your specific business. This includes an understanding of commercial and financial principles.
• Using appropriate interpersonal styles and communication techniques to gain acceptance of ideas or plans; adapting one’s own style to accommodate the target audience.
• Collect and review information in order to ensure that objectives are met. This includes setting up and/or utilising monitoring procedures to measure progress and keeping relevant people informed through feedback loops.
• Establishing a course of action for self and others to ensure that goals are achieved. This includes the effective management of time and resources; and the ability to adapt plans when appropriate.
• Assuming responsibility and accountability for the successful completion of tasks and adhering consistently to standards of excellence. Ensuring that all relevant detail has been considered.
• Having achieved a Full performance level of technical knowledge, related to a specific role.
• The ability to make balanced and sound recommendations and decisions, by understanding issues and problems, evaluating the consequences of alternative solutions and to select the most appropriate alternative. Recommendations and decisions need to be implementable, effective and well thought through.