FINANCIAL MANAGER

SUMMARY:
Our client, a well-known automotive vehicle dealer client based in Bryanston is looking to employ an experienced Financial Manager.

POSITION INFO:

Requirements:
• Bachelor Degree in Accounting or Financial Management
• Proven experience as a Financial Manager
• Experience in the motor industry sector (preferable)
• Extensive understanding of financial trends both within the company and general market patterns
• Proficient user of finance software
• Extensive understanding of financial trends both within the company and general market patterns
• Strong interpersonal, communication and presentation skills
• Able to manage, guide and lead a team of employees to ensure appropriate financial processes are being used
• A solid understanding of financial statistics and accounting principles
• Working knowledge of all statutory legislation and regulations
• High level of Emotional Intelligence
• Excellent customer service and interpersonal skills
• Strong administrative skills and meticulous with attention to detail

RESPONSIBILITIES:

Financial Control:

• ENSURE THAT ALL PERSONNEL IN DEPARTMENT ADHERE TO AND FOLLOW OEM AS WELL AS SMH POLICIES AND PROCEDURES.

• Ensure all targets and deadlines are met.
• Ensure the monthly reconciliations, including allocations, are up to date and outstanding items cleared timeously.
• Preparation of monthly management accounts.
• Institute and control effective cash flow methods daily, prepare a daily cash flow analysis.
• Management of cash i.r.o. funds transfers to and from call accounts to maximise interest earned.
• Manage an effective collection process for all outstanding money.

Computer System:

• Have a working knowledge of Microsoft Office, in particular Excel.
• Necessary daily reports.
• Ensure the safekeeping and maintenance of the database on the integrity of the financial information on DMS.
• Manage the users on the system and ensure passwords are controlled effectively.

Staff Requirements:

• All staff receives the necessary training to perform their functions efficiently.
• Train, assist and motivate all admin staff.
• Ensure that all salary requirements and adjustments are forwarded to the human resources department timeously as per the prescribed cut-off dates.

Asset Control:

• Institute and control procedures for safekeeping of assets, e.g. weekly vehicle stock checks etc.
• Ensure that the fixed assets are correctly recorded on the DMS system and depreciation charges correctly applied.
• Ensure that you have an extensive understanding of controls for stock take procedures (twice a year) and make yourself available to these times i.e. August and February month end.
  • All statutory returns to be accurately and timeously completed and submitted, these include VAT.
  • At this stage the salary /human resources department is completing returns related to salary deductions/contributions.
  • FIC – Financial intelligence reporting on section 28 and section 29 transactions, CTR/CTRA within the prescribed time frame of 48 hours and STR within 4 weeks of the transaction becoming suspicious.
    • Amending/update on the goAML system as and when required.
    • Preparation of a monthly management account pack, ensuring all balance sheet recons complete.
    • Monthly commission sheets completed for all the departments (monies collected prior to commission payment and all late costs accounted for). The commission sheets need to be signed by the departmental Manager and the Dealer Principal.
    • Floorplan control and timeous settlement of vehicles. Optimization on the interest free units in conjunction with the Sales Manager and Controller.
    • Monthly standard journals.
    • Control of all OEM accounts and follow-up on the outstanding amounts.
    • Verifying variable incentives/clawbacks ensure that the variable is in line with the OEM bulletin and signed off by the relevant departmental Manager and Dealer Principal.
    • STATS SA submissions are completed.
    • FIC.
    • Financial reporting.
    • Initial preparation of budget in conjunction with line managers and submit to Group Financial Manager every quarter.
    • Final review and completion with dealer principal.
    • Assist with presentation and review process to The Board.
    • Close co-operation with auditor’s requests.
    • Year-end financial pack presentation to be ready for audit process.
    • Posting of final year end journal entries on completion of annual financial statements to balance back to Auditor Trial Balance.

Statutory Returns:

General Accounting Functions

Budgets

Auditors