SUMMARY:
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POSITION INFO:
Overview
Our client in the Automotive Industry is seeking a Financial Controller to join their team. The successful incumbent will be responsible for compiling and providing accurate and timely financial information to Plant Management to make informed business decisions.
Minimum Requirements
- Grade 12/ Matric
- National Diploma/ Bachelor of Commerce in Financial Accounting or relevant
- Bachelor of Commerce in Accounting, CA (SA) or CIMA will be advantageous
- 5 years’ experience in a similar role
Job Responsibilities
Financial Strategy: General Financial Management
- Provide financial analysis and support to management and all operational areas of the business
- Monitor and support debtors and creditors
- Maintenance of the fixed asset register
- Control intercompany balancing
- Review weekly payroll
- Review and action financial variances (Budget / Forecast)
- Review and action Balance Sheet Account variances
- Ensure compliance with IFRS
- Maintain the plant CAPEX & Tooling Reports
- Generate information and reports for internal and external use
Internal Control
- Comply with Internal Controls
- Maintain and Review the Risk Register
Budgets/Forecasts
- Participate in the budget/forecast process
- Prepare budgets and forecasts for plants
- Prepare plant P/L and balance sheet forecasts
Financial Reporting: Financial Pack
- Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
Flash Results
- Compile the BU/ Plant Flash Results and analyse variances
Weekly Sales Report
- Compile and review Weekly Sales Reports
General Ledger
- Prepare Provisions and Accruals
- Compile Royalties schedule for month end processing
- Prepare general ledger journals
- Compile general ledger reconciliations
CAPEX, Tooling & Fixed assets
- Prepare & maintain a CAPEX and Tooling register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.
- Prepare CAPEX requisitions with all relevant information regarding the CAPEX project.
- Support useful life and residual value of Fixed Assets analysis
- Maintain the BU/Plant Tooling Reports
Audits and Year-End Processes
- Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
- Prepare and arrange royalty audits
Costing
- Calculate landed cost on all import shipments
- Prepare / Review DA 190 (Declaration of Imported Components and Raw Materials)
- Investigate Purchase Price Variances (PPV)
- Generate variance report of Actuals to budgeted information
Stock Control
- Compile daily stock holding report
- Oversee Stock Takes
- Assist with investigating stock count variances
- Overall responsibility for stock
Cash Management
- Oversee cash management function of the plant
- Monitor daily cash positions and cash flows to ensure settlement and maximise performance
- Manage cash flow and working capital for the plant
Forex
- Review Forex Forecasts
- Plant FEC contracts based on AP requirements
Continuous Improvement
- Identify improvement opportunities and make recommendations for improvements
- Participate in Continuous Improvement initiatives
Reporting
- Prepare financial reports and returns
- Generate information and reports for internal and external use
People Management
- Ensure an enabling climate/culture.
- Ensure a safe, secure and legal working environment.
- Manage individual, team and departmental performance to achieve organisational objectives.
- Determine the training needs of the Department.
- Coach and counsel people to ensure improved performance levels
- Ensure discipline is maintained in department (absenteeism, lateness, overtime, misconduct, etc.)
- Resolve grievances and disputes
SHE
- Identify potential hazards and critical safety issues in the workplace
- Address workplace hazards and risks
- Work safely and use safety equipment
