Job Description
About the Role
The Finance Manager will play a critical role in evaluating and enhancing financial systems, processes, and policies to improve efficiency and accuracy. This position requires a strong understanding of financial systems architecture and integration points with operational and reporting processes.
Key Responsibilities
- Evaluate and enhance financial systems, processes, and policies to improve efficiency and accuracy
- Propose and implement automation initiatives that reduce manual work and improve team productivity
- Collaborate with IT and Finance to ensure system enhancements align with business needs and compliance requirements
- Manage and configure Project Accounting settings, including:
- Setting up basic project and billing configurations
- Validating and approving timesheets and expense submissions
- Managing billing rules and revenue recognition processes
- Customizing billing rules to meet business requirements
- Handling multi-currency transactions accurately
- Set up processes for timely invoice submission in line with client requirements
- Manage and review account reconciliations for accounts receivable, resolve client queries promptly, and ensure collections within agreed terms
- Collaborate with Principals to prevent overdue accounts and maintain healthy cash flow
- Review timesheets and expense reports for employees and contractors; reconcile contractor invoices
- Ensure service provider payments are processed according to agreed terms
- Manage and review account reconciliations A/P; approve cash disbursement schedules
- Improve and apply policies and strategies for accounts receivable and payable cycles for efficiency
Requirements
- Minimum 5 years’ experience dealing with consulting billing and/or collections/customer service role
- Knowledge in Information and IT Systems
- Understanding of USA GAAP and IFRS Accounting systems (NetSuite or other similar ERP system) preferred
- Shared Services Experience advantageous
Qualifications
- Bachelor’s degree in business administration, Finance, Accounting or similar
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Accounting / Finance Jobs in Cape Town Region
In the Cape Town region, accounting and finance positions are typically found in various industries, including financial services, technology, and manufacturing sectors. The job market for these roles is generally stable, with a steady demand for skilled professionals to support business growth and development.
Accountants and finance specialists in Cape Town can expect salaries that range from R400 000 to R1 500 000 per annum, depending on factors such as level of experience, company size, industry sector, and specific job requirements. For example, entry-level positions may start at the lower end of this range, while senior roles or those in larger companies may command higher salaries towards the upper end. However, these figures are only general guidelines and actual salaries can vary significantly depending on individual circumstances.
Common skills required for accounting and finance roles in Cape Town include proficiency in financial software such as SAP or Xero, strong analytical and problem-solving skills, excellent communication and interpersonal skills, a solid understanding of tax laws and regulations, experience with budgeting and forecasting, and a degree in accounting or a related field. Other desirable skills may include knowledge of cloud-based technologies, data analysis tools, and industry-specific regulations.
The financial services sector is one of the largest employers of accountants and finance specialists in Cape Town, followed by technology and manufacturing industries. These sectors require professionals with a strong understanding of financial management, budgeting, and forecasting to support business growth and decision-making. Other industries that may employ accounting and finance staff include construction, tourism, and agriculture.
For those interested in pursuing a career in accounting or finance, there are many opportunities for professional development and advancement. Many companies in Cape Town offer training programs and mentorship schemes to help employees build their skills and expertise. Additionally, certifications such as the Certified Public Accountant (CPA) designation can be beneficial in enhancing career prospects. Overall, a strong foundation in accounting and finance, combined with relevant work experience and industry-specific knowledge, can lead to a successful and rewarding career in this field.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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