Specialist, Financial Planning & Analysis - Transnet

Position Purpose:

Conduct effective mitigation of financial risks and enable financial sustainability of the Company. This involves producing management information and ensuring that business objectives/targets are achieved.

Position outputs:

• Compile and provide budget directives to ODs (including financial directives).
• Develop the Financial Plan for inclusion in the Corporate Plan.
• Report on budgets and plans, coordinate and track initiatives (performance targets and moratorium).
• Annual determination of shareholder value-add matrices.
• Provide performance management information on a continuous basis in respect of performance against budgets and dynamic targets supported by root cause analyses (including opex and revenue analysis).

• Consolidated annual volume plans and alignment for priority commodities.
• Annual Corporate Overheads allocation to Operating Divisions and policy update.
• Analyse, review and narrate the consolidated budgets for EXCO/Board.
• Working capital analysis and management.

Qualifications & Experience:

• A CA (SA) or CIMA Financial Management is required
• Proven 5 years’ relevant work experience at management level
• SAP experience
• Trust and Honesty in the handling of Finances as per the National Credit Act Amendment 19

Competencies:

KNOWLEDGE

• Accounting - the ability to interpret cost reports, cash flows, variance analyses and financial statements
• Ability to narrate financial plans
• Link operational KPIs to financial KPIs
• A good understanding of Economics and Transnet’s role within the economy

SKILLS

• Excellent analytical skills and attention to detail
• Good communication and interpersonal skills

FUNCTIONAL COMPETENCIES

FINANCIAL AND ACCOUNTING MANAGEMENT

• Review outputs of financial and cash flow analyses to develop views and guide management, and resolve significant reporting variances or recommend corrective actions where needed;

• Design reporting and monitoring regimes to track performance against corporate objectives.

ACCOUNTING SYSTEMS (FIN TECH SYSTEMS)

• Proactively share knowledge across the business regarding the finance systems and supporting technology;
• Recommend new systems to automate existing processes and ways to re-engineer business process to effectively use new technology.

MANAGEMENT DECISION-MAKING AND CONTROL

• Interpret and make effective management decisions using benchmarking, trends, and other planning and forecasting methods to develop and implement improvements to the planning processes;

• Own, select and use financial and non-financial key performance indicators in the organisation’s appraisals; interpret trends from financial reports, extrapolate and evaluate risk in complex scenarios;

• Interpret and analyse management information, in the context of the external environment and business objectives, and to advise decision-makers;

• Adds to managerial knowledge, strategic thinking, financial planning and analysis, as well as skills in supporting a learning organisation.

FINANCE STRATEGY, RISK MANAGEMENT AND GOVERNANCE

• Develop innovative approaches to manage significant business risks effectively and efficiently;
• Advice on best solutions and foresee the impact of changes in regulations, policies and procedures for non-complex and increasingly complex business issues;

• Assess competitor’s future trends and strategies from benchmark data and identify key opportunities and threats for the organisation’s own business;

• Demonstrate advanced levels of understanding of accounting standards.

BEHAVIOURAL COMPETENCIES

STRATEGY & SUSTAINABILITY

• Strategic Thinking: Translates strategies into measurable goals and objectives to achieve the organisations vision.
• Commercial Awareness: Keeps abreast of internal and external factors that can impact the business; is aware of
  developments in organisational structures, economics and politics where relevant.
• Innovating: Generates new ideas or solutions by thinking "outside of the box"; reviews current processes or systems and
  identifies ways to optimise them.

INSPIRATIONAL LEADERSHIP

• Inspiring People: Inspires, motivates and empowers team members to do their best.
• Managing Talent: Provides clear direction and sets performance standards/requirements for the team.
• Leading Change: Manages and directs change initiatives.
• Embracing Diversity: Manages and promotes equal opportunity and has an appreciation for diversity in the workplace.

BUSINESS PERFORMANCE AND DELIVERY

• Lead Business Performance: Manages the business to be more efficient and effective.
• Strategic Decision Making: Is decisive and takes full accountability for decisions.
• Business Acumen: Understands and deals with various business situations using obtained knowledge and a broad spectrum
  of expertise.
• Analysing: Thinks in a systemic way and is open to new approaches.

RELATIONSHIP MANAGEMENT

• Communicating Effectively: Communicates the business strategy and objectives in a clear and manner.
• Collaborating and Networking: Build wide and effective relationships with people inside and outside of the organisation to
  help achieve the organisation's goals and objectives.
• Service Orientated: Leads by example; strives for a customer-centric culture where everyone acts with the customer in mind.
• Persuading and Influencing: Identifies and influences key decision-makers using strong persuasive techniques and creates a
  the strong personal impression that leads to buy-in from others.

CORPORATE GOVERNANCE & COMPLIANCE

• Leading Governance: Always work in the best interest of the organisation and aligns business practices to the ethical obligations and good corporate governance.
• Leading Safety Practice: Takes full responsibility for adherence to safety practices within the department.
• Leading Risk Management: Drives and embeds sound risk management practices.

PERSONAL MASTERY

• Learning and Applying Expertise: Shows an openness to undertake activities to enrich and improve self.
• Resilience: Perseveres and overcomes obstacles; face challenges with confidence and bravely.
• Emotional Intelligence: Is aware of own emotions and is able to keep emotions under control during difficult situations.
• Vigour & Personal Drive: Accepts and tackles demanding goals with enthusiasm.

Standard Job Requirements

• Driver’s license code 08
• Travel as required