Finance Operations Manager

 

Recruiter:

SHARON NUROCK RECRUITMENT CC

Job Ref:

DUR002060/SN

Date posted:

Tuesday, April 20, 2021

Location:

Durban, South Africa

Salary:

600 000 pa Annually


SUMMARY:
This multi-faceted food retailer and manufacturer, founded over 50 years ago in Durban, seeks a strong, hands-on Finance Manager, to report to the Finance Director and take full control of the following areas of responsibility:

POSITION INFO:

Minimum Job Requirements:

  • Cost & Management Degree or equivalent.
  • Min 3 to 5 years financial management experience, pref. in a Manufacturing / Retail / Food related environment.
  • Advanced knowledge of financial and management accounting.
  • Knowledge of tax regulations.
  • Good knowledge of enterprise wide risk management principles and policies.
  • Computer literacy - MS Office, Business Intelligence Software, Accpac.

Financial Admin Management:

  • Oversee the capturing and processing of financial information on creditor payments and debtor receipts.
  • Review recons and approve adjustments.
  • Monitor bank accounts.
  • Maintain store level fixed asset verification schedules and update ledger.
  • Verify all customer credit notes and submit for processing.
  • Oversee AR ledger and noting bad debts.
  • Ensure AP ledger is managed.
  • Obtain quotes and issue order numbers for equipment, machinery, repairs and maintenance and submit for approval. 
  • Implement efficient financial procedures in line with policies to ensure compliance with all legislative requirements.

Budgeting and Forecasting:

  • Support the annual budgeting process.
  • Review and monitor budgets against actual and analyse variance reports.
  • Ensure efficient controls are in place to avoid unauthorised expenditure.
  • Consolidate budget information for submission to HO.

Financial Reporting and Analysis:

  • Compile accurate, timeous and qualitative management accounts in line with legislation and standards.
  • Provide information for financial statements.
  • Oversee processing and reconciliation of all journal entries.
  • Review and approve GL recons for all balance sheet accounts and key income statement accounts.
  • Review and approve accruals.
  • Prepare monthly bank recons and submit to HO and Store Management.
  • Oversee debtors age analysis.
  • Review and sign off creditor recons
  • Monitor expenditure and ensure correct stock system implementation.

Tax Management:

  • Compile and submit VAT returns.
  • Ensure store level compliance with all tax legislation and regulations.
  • Maintain required records to substantiate tax positions and filings.
  • Implement changes to tax legislation.

Corporate Governance:

  • Attend monthly meetings and submit documentation for the AGM and Board of Directors meeting in compliance with the Companies Act.
  • Identify and assess store financial rick and implement mitigating strategy and/or control in consultation with management.

Management Functions:

  • Payroll management - full control.
  • People management.
  • Stock control management.

Knowledge/Key Skills:

  • Good knowledge of relevant financial and company legislation and business internal controls and systems.
  • Good understanding of:
    • project portfolio management principles;
    • core business principles;
    • management of Business Information Systems.
  • Good analytical skills.
  • Risk assessment skills.
  • Strategy development skills.
  • Negotiation skills.
  • Strong communication and influencing skills.
  • Strong conflict management skills.
  • Leadership and relationship building skills.


 

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