Finance Manager

SUMMARY:
Our client that is based in Hammarsdale (KZN) in the textile industry is seeking to appoint a Finance Manger to join their team within the Finance Department.

POSITION INFO:
Purpose of the job:

The candidate will be required to ensure the financial well-being of the organisation including the development and implementation of appropriate systems, policies and procedures, through managing performance of functional staff and undertaking a variety of administrative related activities. The candidate will also be required to ensure the successful implementation of the organisation’s strategic objectives by being a key member of the senior management team and providing support to fellow management.

Key Responsibilities include but not limited to the following:

Management of the Finance function:

• Manages the finance function by developing and implementing appropriate systems, e.g. IT and internal auditing and procedures in line with overall organisational policy.
• Decides on performance objectives for departmental staff and monitors performance, accordingly, providing coaching and support as required.
• Identifies areas for improvement in efficiency and makes recommendations to top management.
• Encourages and participates in management decision making as member of the management team.
• Co-ordinate the Group’s financial policies and procedures.

• Setting budgeting procedures and parameters as reference for all HOD’s and provides guidance during the budgeting process.
• Collates departmental budgets and assists in the preparation draft and final budget.
• Conducting financial feasibility studies / cost analysis for new proposals, projects and infrastructures.
• Planning and setting up financial systems for the business units.

• Monitoring all financial activities against revenue and expenditure budgets, investigates trends/variances and makes recommendations accordingly.
• Preparing of monthly management accounts, and quarterly financial reports for submission to the board.
• Preparing of annual financial statements.
• Adheres to all statutory requirements and submitting of returns as required.

• Managing relationships with external auditors.
• Manage the control environment and implement appropriate systems and procedures.
• Make appropriate procedural, recording and reporting changes to deal with IFRS requirements. 

• Assesses liability and insurance cover required in terms of organisation’s physical assets, possible eventualities concerning staff, third-party liabilities etc.
• Negotiates and recommends insurance portfolio for approval by management.

• Oversees processing of organisation’s payroll, including benefit payments, PAYE and other deductions.
• Adherence to labour legislation requirements.
• Assesses liability and insurance cover required in terms of Organisation’s physical assets, possible eventualities concerning staff, third-party liabilities etc.

• Responsible for preparation of all Capex authorisations including payback periods and post Capex audits.
• Responsible for the negotiation of terms with suppliers to ensure maximum cashflow benefit.

• Responsible for accurate tax (income and Vat) treatments and calculations.
• Responsible for accurate and timeous submission of all returns.
• Ensures compliance with PFMA.

• Responsible for the implementation of strategic projects being driven by Chief Financial Officer with respect to strategic plan.
• Interface with HOD’s to assist and in certain instances, manage projects required by them that will interface with Finance.

• Provide support role for Chief Financial Officer and ultimately be able to represent the Chief Financial Officer when required.
• Develop necessary skills required to ultimately succeed Chief Financial Officer.

• Minimum academic requirement – CA(SA) qualification.
• 3 years' experience in commerce with manufacturing, either during traineeship or post qualification.
• PFMA exposure during traineeship or post qualification would be preferential but not essential.
• Attention to detail.
• Excellent analytical and numeracy skills.
• Excellent computer literacy skills
• Ability to work under pressure and balance multiple reporting deadlines.
• Excellent written work presentation skills in clear and understandable formats.
• Excellent quality communication skills with internal and external individuals of the business.