Head of Finance Operations at Vodacom | March 2024

Role purpose & Key accountabilities

Role purpose: 

• Overseeing the end-to-end processes, related accounting activities and projects within each process to accurately reflect the financial position of the Group and to ensure local financial statements are compliant with accounting standards;
• Deliver world class finance transaction processing – Ensure efficiency by standardizing transactional processes.
• Develop and update Group’s accounting policies and ensure consistent application of these policies across Finance and the OpCo
• Ensure the complete, accurate and timely accounting for transactions relevant to indirect taxes and direct taxes, asset accounting, receivables, payables, wholesale traffic (including invoicing, financial netting, payments, both as supplier and customer at the same time – interconnection, roaming, MVNO/Es accounting), intercompany transactions, etc with support of the Tax team
• Build and maintain relationships with all relevant internal and external stakeholders, including the VOIS;
• Lead the development and evolution of processes, including driving continuous improvement, ongoing efficiency and cost reduction initiatives.

Key Accountabilities:

• Develop strong working relationship with Head of Finance Operations Vodacom/Vodafone
• Develop and drive implementation of strategy for the Finance Operations function, encompassing: direction; process improvement; human resource capability; organisation support; and technology platforms
• Ensure the correct treatment of accounting principles according to national and international accounting policies and VGIAP
• Provide financial information to cope with external official requests by Regulatory and Government bodies by running the accounting regulatory model
• Manage all margin accounting activities
• Ensure that all initiatives, new products and services can be properly managed by integrating the commercial requirements with the needs of  finance operations (e.g. accounting, tax, reporting, supply chain)
• Ensure Core Business Model (CBM) policies & processes and governance/compliance (SOX, Internal and External audit) frameworks are in place and adhered to.
• Ensure Sarbanes Oxley compliance throughout the OpCo
• Lead and implement tax compliance activities in conjunction with the Head of Tax, with the exception of Employment Taxes (PAYE, Non-resident Contractors tax)
• Provide leadership and direction to the Policy Committee
• Ensure the end to end correctness of all revenues and costs by applying processes and tools to capture all revenues and the right costs incurred
• Manage payments and encashment within the P2P and O2C process.
• Guarantee the compilation of the entity’s financial statements and financial statutory reporting in compliance with all the relevant GAAPs
• Ensure timely & correct payment of commissions to the dealers
• Own, manage and drive the OpCos people change agenda 
• Develop organisational capability to deliver to future roadmaps. 

Qualification, Core competencies, Knowledge and Experience

• Tertiary degree in Accounting and Finance or equivalent 
• Chartered Accountant or Professional qualified accountant
• Deliver on data analytics in the short-term;
• 10+ years financial accounting experience
• 6+ years in a senior management role (concurrent with the above)
• Recognized industry leader in specific area of competence
• Strong communication/influencing and decision making skills – ability to balance conflicting interest
• Operational finance experience
• Deadline & Results driven
• Process improvement mind set
• System knowledge – SAP ERP and HFM
• Excellent technical accounting skills
• Commercial drive
• Relationship building/networking skills
• Telco industry experience