Website Ignition Group
The Ignition Group is one of Africa's largest providers of technology, media, telecommunication and financial services, and is built around a powerful purpose – to make life better through innovative technology. We approach markets that are traditionally complex and contested, and then simplify the… read morem, making life easier for consumers, and business more efficient for our partners. Ignition, a central business vertical to the Ignition Group, was founded in 2002, by brothers Sean and Donovan Bergsma. Ignition Group, now one of Africa’s largest investors in technology, media, telecommunications and financial services sectors, provides a platform for sustainability and success. With a staff complement of nearly 3 000 people, we have a team of experts in the fields of IT, Finance, Marketing, Human Resources, Sales, Development, Compliance, Customer Care, Training and Support. Ignition Group has built a sound infrastructure to support a number of business verticals within the Group, allowing the business verticals to swiftly develop, innovate, adapt and support our Business Partners and strategies. Quadrant 4, Centenary Building, 30 Meridian Drive, Umhlanga, Durban
The purpose of the job will be to oversee the financial health and growth of Business to Consumer sector by providing strategic financial insights, managing financial risks, and ensuring that financial operations align with the companys business objectives.
Job Description
Financial Planning and Analysis
Developing Financial Models: Constructing detailed financial models to predict future financial performance under various scenarios.
Forecasting: Utilizing historical data, market trends and seasonality to project future revenues, expenses, and profitability.
Strategic Analysis: Providing insights on potential business ventures and strategic decisions through detailed financial analysis.
Product Analysis: Provide financial models that can be used to build profitable
Budget and Forecast Management
Budget Creation: Collaborating with department heads to create realistic and achievable budgets that align with the company’s strategic goals.
Variance Analysis: Comparing actual financial performance against the budget and investigating significant variances to understand their causes.
Resource Allocation: Ensuring that financial resources are allocated efficiently to support key business initiatives and operational needs.
Reporting and Compliance
Financial Statements Preparation: Overseeing the preparation of balance sheets, income statements, and cash flow statements in accordance with accounting standards.
Regulatory Compliance: Ensuring all financial reporting complies with relevant laws and regulations, such as GAAP or IFRS.
Internal Reporting: Providing timely and accurate financial reports to internal stakeholders to aid in decision-making.
Performance Monitoring
KPI Tracking: Identifying and monitoring key performance indicators to measure financial health and operational performance.
Benchmarking: Comparing the company’s financial performance against industry standards and competitors.
Performance Reviews: Conducting regular reviews with management to discuss financial performance and implement necessary adjustments.
Risk Management
Risk Identification: Recognizing financial risks related to market fluctuations, credit, liquidity, and operational inefficiencies.
Risk Mitigation Strategies: Developing and implementing strategies to manage and mitigate identified risks.
Stakeholder Management and Decision Support
Providing decision support to senior finance leadership
Maintaining relationships with stakeholders
Providing real-time support, financial guidance, and insights into business performance
Supporting development of business cases and proposing financial solutions to challenges
Works closely with business units to understand their needs and challenges.
Develops business cases for new initiatives and assesses commercial feasibility.
Cost Control and Efficiency
Cost Analysis: Conducting thorough analyses of cost structures to identify areas for cost reduction.
Process Improvement: Recommending and implementing process improvements to enhance operational efficiency and reduce costs.
Supplier Negotiations: Negotiating with suppliers and vendors to obtain the best terms and pricing to control procurement costs.
Investment Analysis
Capital Expenditure (Capex) Evaluation: Assessing the financial viability of potential capital expenditures and projects.
Return on Investment (ROI) Analysis: Calculating and analyzing the expected return on investment for various projects and initiatives.
Job Requirements
Degree in Finance, Accounting, Economics, Business Administration
Chartered Accountant registration with appropriate recognised professional body.
At least 6 years of professional experience or equivalent with 3-4 years of relevant experience in a well-disciplined organisation where best practices are integral to the management of the business.
Experience leading a financial planning and analysis (or similar) team with a thorough understanding of financial accounting and management reporting.
Solid experience leading and managing in a matrix environment.
Experience in financial, accounting and project management systems, policies and procedures
Experience in SQL, database analytics, and ERPs.
Exposure to Telco or Banking environments preferred.
Knowledge, skills and attributes:
Strong commercial orientation and business acumen.
Excellent analytical, financial modelling, and problem-solving skills.
Ability to develop business cases and present financial information to senior stakeholders.
Solid influence management and stakeholder engagement skills.
Familiarity with SQL and database management for enhanced data analytics.
General business analysis and strategic thinking.
Previous experience in Telecommunications or Banking sectors will be advantageous.
Excellent knowledge of GAAP, IFRS, and related financial compliance requirements.
High energy, enthusiasm, and a proactive approach to continuous improvement.
Ability to work in a dual reporting matrix environment
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Apply via company website ( http://www.ignitiongroup.co.za/ ) or