Website Tsebo Solutions Group
About the job
To provide the Consumer Business Unit (CBU) and Vodacom South Africa finance team with regular financial reporting consolidating CBU FBP Prepaid & Contract PnLs together with OPEX to create a single CBU PnL view down to EBITDA level. This includes the creation and management of CBU PnL for MEC, RF, Budgets and LRP processes through timely co-ordination of internal stakeholders (CBU FBP LoB, VSA FP&A and VSA FINOPs). Ownership, management and monitoring of OPEX line item to support CBU in meeting budget.
Your Responsibilities Will Include
CBU MEC & RF process:
lead the Month-end-close for CBU consolidated views including rolling forecast process (PnL EBITDA) based on FBP LoB inputs and OPEX. Ownership of submissions and timelines.
CBU Consolidated Reporting
VSA, VF KPI/KFI reports and board pack at CBU level based on FBP LoB input, VSA FP&A and FINOPs consolidated requirements. Ownership of system submissions & timelines.
CBU Budgeting & LRP
Process leadership into VSA FP&A and FBP LoB teams. Ownership of CBU PnL on back of FBP LoB PnL and KPI/KFIs. Ownership of submissions and timelines.
Own and lead the Month-end-close for CBU OPEX including Early View & Rolling Forecast process per major PnL driver, lead the trend informing insights, lead review with business partners providing validation, support and alignment
Leadership and teamwork
Lead and manage direct FBP reporting team and support business partner colleagues to ensure team success. Build relationships both internal and external to deliver business results, leveraging and respecting differences.
Create positive working relations between the CBU finance team, Vodacom SA Finance and key internal business partners & stakeholders such as CBU FBP LoB, Terminals, FINOPs and VSA FP&A.
Communicate with clarity and impact using multiple channels to foster open communication throughout the organisation. The ability to effectively manage expectations of key stakeholders
Written material must be of the highest quality with clear insights and actions for executive management
Facilitates the effective interaction and contribution of team members in forums such as CBU MPR, WD3, 4, 5, 11 and the like.
The ability to prepare and present performance to commercial, sales, regional and management teams
Knowledge And Experience
Developed knowledge of key mobile communication products and devices
Developed knowledge of key channel and distribution agreements
Deep understanding of the business drivers and sensitivities
Innovation and change
Simplify and standardise modelling, reporting and processes wherever possible whilst ensuring that the requirements of the business are delivered
The ability to use systems tools & technologies to analyse data, such as BI, big data etc.
Look for new and innovative ways of working to strive for continual improvement.
Essence Of The Role/Key Accountabilities
Month End Close, Forecasting and Budget Process
Ownership of consolidated CBU P&L up to EBITDA level including Customer Revenue (Service, Network & Non Service Revenue), Direct Costs, A&R, OPEX and KPI/KFI trends to support insights.
Lead and own reconciliation of top down consolidated CBU P&L at VSA FP&A level down to CBU Network only views produced from bottom up approach
Lead and own the Month-end-close including Rolling Forecast process for CBU including all KPI/KFI insights received from FBP LoB areas to support views
Lead and own the annual Budgeting and Long Range Planning (LRP) process for CBU including all KPI/KFI insights received from FBP LoB areas to support views
Lead and own management reports into VSA FP&A and VF including system loads on all PnL line items and supporting KPI/KFI requirements
Review and challenge the trend informing insights with FBP LoB providing validation, support and alignment
Support EHOD: FBP LoB in driving clear views into P&L for MEC, RF, Budgeting and LRP process
Support EHOD: FBP LoB in understanding OPEX/CAPEX requirements
Financial Decision Support
Provide insightful, timely and value added input so that Financial teams see FBP Operational Support as a key contributor
Develop credibility with stakeholders and management while challenging the business to achieve its objective and generate value for the company. Assist in bringing consistency across the consumer business unit in terms of financial support presentation.
Provide advice and support to the consumer business unit on all financial issues:
Be an active member of the CBU FBP team
Challenge the FBP to drive sustainable value pro-actively through informed and insightful decision making by analysing actual results
Define and improve financial processes, continually striving for simplicity and best practice
OPEX Management Reporting & Insights
End to end OPEX specific reporting on all line items including analysis and insights to support performance narrative and efficiency targets
Performance tracking of operational expense objectives and financial initiatives
Monthly P&L commentary and analysis at a granular level to support the variance commentary
Monitoring operating expense performance against targets
Identifying potential issues and carrying out analysis to validate
Supporting departments to identify, analyse, validate and implement remedy actions
Contribute to Management reporting to Exco and board
Conduct and analyze CBU financial performance against main competitors with respect to similar or competing initiatives.
Provide insightful management information with strong focus on anticipating and managing monthly/quarterly results, and on management actions
Control, Governance & Modelling
Maintain an effective operational control environment over financial items, identifying weaknesses and developing solutions especially on enablement solutions and their rollout.
Ensure financial decisions are made within the governance framework
Build and maintain models to assist with MEC, RF, Budget and LRP with support from D&A and FBP LoB aimed at simplifying reporting capabilities, data accuracy and automated reports/dashboards
Set a vision for the Operational Support team
Build a diverse and effective team through recruitment, development and coaching a team of Finance professionals who will provide expert Finance partnering to the business
Provide financial direction and guidance in strategic and commercial issues
Identify company-wide stakeholders in the new organisation structure and understand requirements
Maintain a creative and inclusive work environment
Lead team engagement and enablement
Manage team performance through continuous assessment of skills and capability and addressing performance issues of team members where appropriate
Manage Talent and Human Capital
Create a safe and healthy working environment
Experience & Qualifications
The ideal candidate for this role will have:
A minimum of 8-10 years financial management experience with Relevant BSc. or BCom. Mathematics, Commerce, Statistics, Econometrics or relevant financial degree
At least 2 years operating at management level, preferably in a corporate environment managing team of 2 or more individuals
Advanced skills in Excel, Word and PowerPoint
Advanced SQL Skills Is Essential
Advanced levels of experience in financial and business analysis
ICT industry experience an advantage
Person specification – Technical / Professional / Personal Expertise
Strong financial management & analytical skills
In depth understanding of revenues, costs & profitability
Excellent communication & presentation skills
Strong Commercial Acumen
Multiple-stakeholder Management Ability
Knowledge of the company and competitive industry preferable
Competency / Performance Drivers
Strong Leadership & Ownership ability
Formulating Strategies & Concepts
Deciding and Initiation action
Delivering Results and Meeting Customer Expectations
Relating and Networking
Persuading and Influencing
Strong Writing and Reporting
Adapting and responding to change
Closing date for Applications: 21 March 2023.
The base location for this role is Midrand, Vodacom Campus
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
Vodacom is committed to an organisational culture that recognises, appreciates and values diversity & inclusion.