Finance Manager - Johannesburg, South Africa
Lyra Health
Accounting & Finance
South Africa
Posted on Oct 3, 2024
About Lyra Health
Lyra is transforming mental health care through technology with a human touch to help people feel emotionally healthy at work and at home. We work with industry leaders, such as Morgan Stanley, Uber, Amgen, and other Fortune 500 companies, to improve access to effective, high-quality mental health care for their employees and their families. With our innovative digital care platform and global provider network, 17 million people can receive the best care and feel better, faster. Founded by David Ebersman, former CFO of Facebook and Genentech, Lyra has raised more than $900 million.
About the Role
Lyra Health is recruiting a Finance Manager role to assist with assurance that all transactions, reconciliations, and reporting are accounted for accurately, completely and reported on timeously. In addition to establishment, implementation and execution of formal financial processes and corporate governance.The role requires the candidate to be highly numerate, well organized, deadline driven, and an engaged business partner for all stakeholders.
This is a hybrid role, therefore applicants living in the Gauteng, Johannesburg area is preferred.
Responsibilities
- Manage and review of monthly management accounts including income statement and variance analysis, balance sheet and related reconciliations, intercompany billing calculations to ensure appropriate billing across entities and in line with contracts (includes review of prepayments and accruals to ensure all costs are billed)
- Review all trial balances to ensure completeness of the accounts
- Review of open items reports to ensure that all transactions are reconciled, and queries resolved timeously, and all creditors paid timeously
- Follow up on long outstanding items. Review and guide revenue recognition and the associated cost of revenue
- Prepare the monthly reconciliation of accounting data to group reports
- Prepare and review balance sheet reconciliations and consolidations
- Prepare and reconcile intercompany accounts
- Review all monthly income statements for related operating expenditure accounts
- Provide summaries of all highlights to the Head of Finance for income statement, balance sheet and open items. (e.g. Opex report, balance notes etc)
- Board reporting and minutes. Preparation and review of related financial data for Board Reports
- Work closely with the Statutory team in coordination of audits and attending to audit queries timeously
- Review of all team prepared internal and external audit reconciliations and clearing of all queries
- Review of all statutory calculations including direct and indirect taxes, annual returns, statutory reports etc
- Review of all statutory returns including income tax, annual returns, VAT, In-country reports, etc. Transfer pricing governance
- Ensure that all Intercompany and Intergroup billing complies with the Group’s Transfer Pricing policy
- Run Open Item Reports for all entities, query long outstanding items and request feedback on why invoices are not being paid
- Review and approve weekly payments, ensuring that the correct amounts and suppliers are paid
- Ensure timeous supplier and intergroup payments
- Ensure any systems development has been capitalized in the accounting records on the go live date and appropriate amortization has been applied
- Ensure that NetSuite and other systems operate effectively and efficiently for responsible companies
- Investigate and recommend solutions to improve operational efficiencies in the team via system or process enhancements
- Be a key owner in financial system and process transformations. Have the ability to scope, design and drive project implementation
- Periodically review and maintain business process policies to remain relevant and future-proof
- Review of accounting policies and procedures in line with the requirements of IFRS and other regulatory frameworks
- Day to day management of the financial accounting team
- Coordinate functions in the team to ensure that all team members are working effectively and able to deliver reporting on time
- Ensure best business practice is embedded across all processes and functions
- Undertake bi-annual team appraisals and performance development reviews
- Ensure team key deliverables are met on time and accurately
- Provide guidance, mentoring and support to all direct reports to ensure your team is working efficiently and coherently
- Manage all stakeholder expectations appropriately and communicate any potential problems
Qualifications
- 10+ years of experience in Accounting or Finance
- 8+ years of post-articles working experience
- 4+ years of experience in a management role
- Working knowledge of IFRS
- Consolidation experience is preferred
- Exposure to a global group finance environment and cross-border collaboration
- Experience in US GAAP, not essential
- Experience in NetSuite, preferred but not essential
- Experience in preparation and review of AFS
- Self-motivated, self-starter and highly productive
- High levels of accuracy, attention to detail and strong analytical skills
- Project management skills including the ability to meet all deadlines and the ability to effectively manage the implementation of proposals/acquisitions
- Strong ability to lead, to be a team player and understanding the “bigger picture”
- Must be able to work in a hybrid work environment
- Ideally Gauteng based but other locales will be considered
- Some travel may be required
"We are an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex (including pregnancy), national origin, age, disability, genetic information or any other category protected by law.
By applying for this position, you acknowledge that your personal information will be processed as per the Lyra Health Workforce Privacy Notice. Through this application, to the extent permitted by law, we will collect personal information from you including, but not limited to, your name, email address, gender identity, employment information, and phone number for the purposes of recruiting and assessing suitability, aptitude, skills, qualifications, and interests for employment with Lyra. We may also collect information about your race, ethnicity, and sexual orientation, which is considered sensitive personal information under the California Privacy Rights Act (CPRA) and special category data under the UK and EU GDPR. Providing this information is optional and completely voluntary, and if you provide it you consent to Lyra processing it for the purposes as described at the point of collection, for example for diversity and inclusion initiatives. If you are a California resident and would like to limit how we use this information, please use the Limit the Use of My Sensitive Personal Information form. This information will only be retained for as long as needed to fulfill the purposes for which it was collected, as described above. Please note that Lyra does not “sell” or “share” personal information as defined by the CPRA. Outside of the United States, for example in the EU, Switzerland and the UK, you may have the right to request access to, or a copy of, your personal information, including in a portable format; request that we delete your information from our systems; object to or restrict processing of your information; or correct inaccurate or outdated personal information in our systems. These rights may be subject to legal limitations. To exercise your data privacy rights outside of the United States, please contact globaldpo@lyrahealth.com. For more information about how we use and retain your information, please see our Workforce Privacy Notice."
The benefits available to those located in the South Africa. will be consistent with South Africa law and may vary from those located in other countries. Benefits will be provided in a manner consistent with applicable law.