Finance Operations Manager

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.

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