Finance Manager

Recruiter:

SHARON NUROCK RECRUITMENT CC

Job Ref:

DUR002397/SN

Date posted:

Wednesday, May 11, 2022

Location:

Germiston, South Africa

Salary:

75 000 per month (cost to company) - negotiable

JOB SUMMARY:
Our client, a well-known retailer, currently seeks your financial experience to manage the Finance department and oversee the credit control function in Germiston.

JOB DESCRIPTION:

The Person:

CA (SA)
5 to 8 years relevant experience
Preferably people management experience
ERP and business intelligence knowledge and experience
Audit experience
Retail sales knowledge an advantage
Computer literate with proficiency in Excel

The Job:

Cashflow Management:

Maintain the cash flow of the region.
Maintain the relationship with banks.
Liaise with the bank given customer requests and branch requests.
Maintain the credit card machine list and monthly costs.
Liaise with bank to release credit card refunds communicated by branches for all three regions within the Group.
Manage the refund process for all three regions within the Group.
Ensure that there are adequate funds for scheduled payments.
Release daily sundry payments and monthly supplier payments on online banking.

Accounting and Finance Reporting:

Ensure that the monthly reporting deadlines are achieved.
Review and ensure that the monthly finance pack is submitted timeously.
Ensure compliance with Generally Accepted Accounting and Auditing standards.
Produce financial and management accounting reports for all branches (income statement, fixed assets, stocks and debtors).
Review the monthly Inland costs and initiate anomaly investigations.
Review the balance sheet reconciliations monthly.
Submit a monthly cost flash commentary.
Collate and submit the annual budget.
Provide national information for monthly payroll submission and VAT submission monthly.
Complete the year-end tax pack.
Collate all BBBEE, internal and external audit requirements annually.

Accounts Payable Management:

Ensure that suppliers are paid timeously.
Streamline the supplier reconciliation review monthly.
Liaise with suppliers for query resolution.
Authorise the creditor journals monthly.
Manage the goods received notes process and manage the goods received imbalances.
Escalate processing delays from warehouse; concerning goods received.
Spearhead the Buyer – Creditor meeting to assist with faster query resolution.
Streamline the return to supplier process and obtain credits faster from suppliers.

Accounts Receivable Management:

Manage outstanding debt: reviewing debtors’ days and value within required limits.
Assist with the managing the Credit Control staff.
Review branch debtors’ age analyses and attend the weekly debt review meeting.
Assist with customer collections.
Report on Regional accounts receivable position monthly.
Manage bad debt and authorising credit control journals.
Authorise credit applications and credit limits.

Contract Management:

Ensure that supplier contracts are read and signed timeously.
Manage service level agreements with service suppliers with General Manager.
Negotiate with service supplier on annual price increases.
Facilitate lease renewals.

Branches/Operations:

Monitor and manage finance related functions at the branches.
Ensure that quarterly stock counts and fixed asset counts are done at each branch.
Review branch expenses and assist Branch Managers in effectively managing monthly costs.
Provide regional branch training given branch needs identified or requested.
Manage the budget collation from branches.

Fixed Assets Management:

Manage the fixed asset register.
Review the quarterly branch fixed asset counts.
Assist Inland retail branches with finance queries and reconciliations.
Lead the sale of aged vehicles.
Review monthly fleet journal and payment.
Manage the Wesbank fleet card system and maintain the relationship for the region.
Authorise the maintenance vehicle claims.
Liaise with Wesbank Representative on problematic claims and delinquent merchant providers.
Facilitate the license renewal process for vehicle fleet for the region.
Assist Internal & External Auditors with requested data and reports.
Lodge insurance claims concerning with the insurance company and facilitate the de-registrations of vehicles for unforeseen events.
Complete the yearly insurance declaration submission.

Risk and Governance:

Ensure implementation of risk assessment and governance principles.
Ensure adherence to operational controls, processes and procedures.
Manage the disaster recovery processes and procedures.
Complete the COIDA yearly application and payment for the yearly letter of good standing certificate.
Update and maintain finance policies and procedures and ensure that it is followed throughout the region.

BI & Systems:

Ensure accuracy, integrity and completeness of all systems, BI and Analytics.
Review and monitor revenue and margin reports.
Initiate daily reports from National IT to monitor certain costs and expenses.
Initiate system enhancements.
Approve IT capital expenditure.

People Management:

Manage the Finance department and assist with credit control management.
Complete performance reviews quarterly and assist team members with career development.
Review workload of Finance team members and redistribute work.
Assist team members with query resolutions, especially when it entails cross departmental relationships.
Manage leave management, workflow management and company resource management for Finance team members.
Spearhead training sessions and coach team members.
Ensure that weekly departmental meetings take place.

Competencies:

Energetic, creative, innovative and enthusiastic.
Strong people skills.
Strong analytical skills.
Excellent written and verbal communications skills.
Ability to performance manage team members.

NB! This job is now closed. You can apply for other jobs by uploading your CV.

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