Divisional Financial Manager - BEE - CA (SA) required

SUMMARY:
BEE - Divisional Financial Manager - must be CA (SA) - Rivonia

POSITION INFO:

Role: Divisional Financial Manager
Duties and Responsibilities
Xero:
• Monthly review of support accounts on Xero. Includes the review of the trial balance, fixed assets and balance sheet recons.
• Review of journals processed.
• Review of month-end file which includes reconciliations for all balance sheet accounts and financial reports.
• Financial reporting within Axapta.

VAT reconciliation and submission:
• Review of the VAT reconciliation and submission to SARS. VAT reasonability reviewed based on Axapta VAT Report.
• Ensuring that the VAT is submitted by the 25th of the month and payment made by the 7th of the following month.

Salaries:
• Review of any master data changes on payroll.
• Monthly review of payroll data including all earnings and deductions. (Dummy runs and final payroll)
• Review of annual adjustment to fuel benefits and travel allowance.
• Review of EMP501 submissions to SARS.
• Approval of pay run for month-end.
• Review of monthly leave balances and management of leave forms.
• First releaser of the payroll payment on the standard bank online banking system.

Creditors:
• Monthly review of all creditor’s reconciliations and assist on major issues raised by accountant (Major account disputes).
• Review all creditor’s payment, check all supporting documents to the bank audit report.
• First releaser of payments to creditors on the on-line banking profile.
Entities to be deregistered:
• Tracking of legal entities to be deregistered and follow-up thereof with the divisions.
• Confirmation of deregistration with group secretarial on a quarterly basis.

Bank Accounts:
• Maintenance of company bank account with regard to changes in limits and access.
• First approver for all creditors to be loaded on the banking profile as approved creditors.
• Communication with Treasury with regard to changes in accounts on cash management.
• First releaser of all payments on the on-line banking system.

Goodwill Impairment:
• Annual goodwill and intangible impairment testing. Review of impairment exercises prepared by the divisions.
• Preparation of the group goodwill impairment exercise for the Group.

Risk / Board / Audit Comm Packs:
• Preparation of the Risk, Board and Audit Committee packs on a quarterly basis.
• Drafting of the CFO report for review by the CFO and finalise for publishing.
Insurance:
• Preparation of annual insurance declarations for the company and review of the QMS declaration.
• Review of insurance claim reports for the division.

Share Options:
• Accounting for the share options entries in the management accounts and year-end accounts.
• Share option tax to be paid over to divisions exercising share options.

CSI:
• Bi - Annual distribution of the Group CSI spend to divisions based on invoiced amount from the Group.

Year-end Packs:
• Review of the year-end accounts for the business. Drafting of the CFO report for review by the CFO.

Policies:
• Preparation and distribution of policies for the Group.

Budgets and Forecasts:
• Preparation of annual group budgets and forecasts for the Group which includes the aggregation of the divisional budgets and forecasts.

Flash and management accounts:
• Review of Divisional monthly flash and management account aggregation
• Submission of Divisional flash and management accounts to the group.

External Audit
• Preparation of Annual Financial Statements for several companies in the Group.
• Overseeing the annual external audit of financial statements

Additional
Ad-hoc queries as and when required to be dealt with (Assisting in Due diligence for prospective subsidiaries. Divisional tax reviews. Corporate governance and Risk reviews for the division. IFRS 15 impact on individual business in the division. Assistance in unbundling exercises within the division.)

Competencies or key attributes
• Positive, self-motivated and independent person, who can work without constant supervision, both on his / her own, and needs to know when to contact others for assistance;
• The person needs to enjoy what he/she is doing, and should preferably be comfortable with being in Finance in the long term;
• The person must be able to handle stress, pay attention to detail and pride himself / herself on quality work, be able to work under pressure and run several tasks or projects at the same time as well as have the ability to plan and prioritise;
• The incumbent must be able to work effectively to meet deadlines;
• Must have proven financial skills;
• Must have the ability to identify and assess business risks;
• Be impartial, unbiased and objective;
• Be assertive, decisive, diplomatic and tactful, and be able to take a stand to defend personal views and opinions;
• Excellent verbal and written communication skills;
• Ability to interact at all levels (meetings are held with senior executives of various operational clusters, audit committee members and CEO and CFO of the Division);
• Good business acumen;
• Must be presentable, professional and confident;
• Must be focused and disciplined;
• Target / results driven with a sense of urgency to get things done;
• Strong attention to detail / methodical / analytical;
• Ability to work unsupervised;
• Be flexible and be able to adapt to varying environments and cultures that exist in each operational cluster or business unit.
• Be innovative and constantly seek improved ways to work efficiently in a manner that will suit the organisational environment and culture.

Experience
• 2 to 3 years’ experience as an audit manager at the Top 4 audit firms.
• Or 3 to 4 year’s post article experience with 1 to 2 years’ experience in a finance role.

Education or qualifications
• BCom degree in Accounting; and
• BCom Honours degree in Accounting; and
• Registered CA(SA)

Salary: R700 - R800 kpa 

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