BUDGETARY CONTROL AND REPORTING MANAGER – LETSHEGO

VACANCY

Job Profile: Budgetary Control and Reporting Manager

1.Main Purpose (Why does the role exist)

To spear-heading Letshegos financial quarterly forecast, annual budgeting process, operating plan variance analysis and special projects. Focuses on monitoring and controlling expenses, ensuring that financial resources are allocated efficiently and support the achievement of financial targets.

2.Education, Experience and Skills

Education
•Bachelors Degree in Accounting/Finance or ACA / ACCA qualified or equivalent
•An MBA or equivalent post-graduate qualification is advantageous.
Experience
•Minimum of 8 years of relevant experience
•At least 5 years of in-depth knowledge to manage the continued development of Budgeting, Financial Forecasting, and Operational Planning
•Lead in maintaining financial discipline, monitoring and controlling budget
•Developing annual budgets and financial plans, then tracking and analysing budget variances
•Implementing measures to control costs and minimize budget variances.
•Forecasting and Projections for future financial performance
•Preparing and presenting financial reports.
Certifications
•Certification with a professional accounting body.

 

Skills

•Strong knowledge of Generally Accepted Accounting Principles (GAAP)
•Strong knowledge and understanding of financial management principles, budgeting processes, and financial analysis
•Strong all-round knowledge of financial services with an in-depth understanding of various banking productsand services
•Knowledge and understanding of current issues relating to the financial systemsand service delivery
•Technical financial services knowledge
•Ability to prepare detailed reports with the appropriate levels of literacy
•Ability to work under pressure and achieve internal reporting deadlines
•Possess strong analytical skills and comfortable with numerical data.
•Effective communicator (verbal and written to convey budgetary guidelines, providing financial insights, and fostering a culture of financial responsibility.
•Keen eye for detail to ensure accuracy in financial analysis, budget monitoring and reporting
•Possess strong problem-solving skills to address budgetary challenges and identify cost-saving opportunities
•Strong proficiency with business and accounting software

 

3.Critical Deliverables /Core Accountabilities and Responsibilities

•Optimises resource allocation ensuring the business operates within its financial means.
•Develop annual budgets and financial plans, setting budget targets and defining spending limits
•Monitoring and controlling budgets so as to contribute to the overall financial health and success of the business.
•Conducting financial analysis to evaluate the financial performance of the organization, analysing key financial ratios, profitability, cash flow, and other financial metrics.
•Prepare and present financial reports that summarise budget performance, highlighting key variances, and providing recommendations for corrective actions.
•Preparation of the consolidated financial statements, analytical reviews, as well as other reporting deliverables to stakeholders.
•Reviewing financial reports, conducting variance analysis, and identifying areas of concern or potential cost saving.
•Analyses current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses, and capital expenditures.
•Oversees cash flow projection of the company to control payment and collection schedule.
•Focus on cost control to minimise budget variances, identifying cost-saving opportunities, negotiating with suppliers, implementing cost reduction initiatives, and monitoring spending patterns
•Forecasting and Projections by utilising historical financial data, market trends, and business insights to forecast future financial performance.
•Drive continuous improvement by identifying opportunities to streamline and improve the budgeting process using automation too)s. enhancing data accuracy and integrity, and establishing standardised reporting frameworks.

 

4.Key Performance Indicators

•Budget compliance
•Budget variance
•Cost savings delivered
•Forecasting accuracy
•Timeliness and accuracy of financial reports

 

5.Complexity of the Role

•Ability to analyze and interpret financial data accurately, make informed decisions based on financial insights, monitor and control budgets effectively, and communicate financial information clearly to stakeholders.
•Strong financial acumen, analytical skills, attention to detail, and the ability to navigate complex financial systems and processes. Additionally, the role requires strategic thinking, the ability to identify cost-saving opportunities, and a proactive approach to drive continuous improvement in financial planning and reporting.
•Multi-cultural awareness and the ability to interact with a wide range of differing levels in the Group, government, society, and business in general.

Remuneration: A competitive remuneration package will offered to the suitable candidate
Interested applicants should forward their Curriculum Vitae to the provided email by indicating the position they are applying for on the subject of the email: Ref: Budgetary Control and Reporting Manager.