Financial Controller

Large manufacturing concern is seeking a Financial Controller to join the team!

EDUCATIONAL QUALIFICATION

• CA (SA) or alternatively, B.Com (Hons) Accounting
• Completed Articles with a firm of Auditors if not a CA (SA).

KNOWLEDGE / EXPERIENCE REQUIRED & PHYSICAL

• A minimum of ten years’ experience managing a Financial Accounting Department.
• Experience in dealing with SARS, Commercial Banks, Auditors, Business Consultants, Insurance Brokers, Government and shareholders.
• Management for +/- 5 years of a small to medium group of employees.
• High tolerance for working under pressure and stressful conditions.
• Experience working for an International Company an advantage.

KEY PERFORMANCE AREAS:

• Responsible for ensuring the accuracy and completeness of the financial results
• Coordinate, complete and oversee entire financial accounting for process within strict designated daily and monthly deadlines.
• Take ownership and responsibility for full accounting function of the company and its subsidiaries.
• Prepare Technically Correct and Accurate Financial Statements in Compliance with Group Accounting Policies, IFRS and Local Accounting Rules and Other Applicable Laws.
• Prepare annual Slovenia Reporting pack
• Monitor and follow up on all inter-company aging of customer and vendor transactions
• Accurately apply mathematical principals to calculate appropriate taxes (VAT).
• Assist in month end closing by raising accruals and journal entries.
• Review month end journal entries posted by certain South Africa accounting staff.
• Review certain general ledger accounts on Blackline, prepared by certain members in the local finance team.
• Verifying the accuracy of financial information processed. This involves checking the account and cost/profit center assignment, to assure charging the appropriate account and cost/profit center.
• Accurately file and maintain records after processing and ensures ease of retrieval as needed.
• Perform analytical reviews on month end results
• Provide instructions for IC entries / billings where needed to get charges in correct legal entity.
• Complete all rebate analysis and accrual adjustments for EMEA customer rebates.
• Ensuring that payments are made on time.
• Ensure accurate segment accounting across subsidiary and head office
• Prepare accurate monthly journals to allocate service charges and profit share across head office and subsidiaries in accordance with shareholders' agreement
• Ensure correct treatment of RoU Assets and liabilities (IFRS16)

CONTROLLING:

• Train as back-up for financial manager.
• Ensure compliance with company Fixed Asset Accounting Policy (Oversee 3 yearly fixed asset counts)
• Ensure compliance with company Inventory stock count Policy
• Assist and manage other projects as needed.
• Display creativity by developing new and streamlined methods of accomplishing assigned tasks as needed.
• Responsible for budget and FC activities, ensuring all deadlines are met
• Perform all Equalization calculations and upload into tool within deadlines and oversee subsequent invoicing process
• Calculate annual sales cost factors and MTP prices
• Supervise Finance administration clerk
• Inform finance team of any updates from Corporate Accounting / Controlling / FIRE/ GTC team
• Perform variance analysis for reporting purposes for each month end close
• Review TX Matching data compiled by GBS

BUSINESS SUPPORT:

• Provide financial and operational support for the sales team and extract information for monthly management reports.
• Review and approve commission payable to sales agents and submit for payment.
• Oversee and assist with managing past dues for customers
• Assist sales team with letter of credit applications
• Assist with obtaining statutory documents for tender purposes
• Drive cost savings and load respective monthly savings into SPRINT tool
• Perform annual My Success reviews
• Oversee annual Post-Retirement Medical Beneficiary reviews and report within deadline
• Support WOC initiatives and monthly meetings

TAXATION

• As Public Officer for handle all correspondence and interaction with South African Revenue Services
• Ensure compliance with all tax legislation (VAT, Income tax, Dividend tax, Provisional tax, Tax Administration etc.)
• Review monthly VAT201 before deadline and oversee VAT reasonability recons.
• Perform Income and deferred tax calculations.
• Ensure deadlines are met for all tax returns and payments
• Submit IT14SD returns
• Timeous and accurate GTC submissions in FIRE

TREASURY

• Authorized signatory for payment processing
• Submit accurate and timeous quarterly FX exposure reports
• Submit accurate and timeous monthly CLP (Corporate Liquidity Planning reports) for the group
• Submit accurate and timeous monthly BaF reporting
• Prepare monthly detailed product profitability reports for local mancom
• Ensure timeous monthly FIRE FC and ACTUALS and GTC submissions.
• Assist with Group FIRE NOTES POSITION and other reporting on monthly basis
• Insert weekly FRT sales tracking
• Submit timeous IT FIRE reporting
• Assist HR with FIRE HC reporting discrepancies

COMPLIANCE:

• Ensure that all areas of responsibility comply with internal Company policies, FRM, IFRS
• Coordinate, complete and oversee year-end financial year end audits for all entities
• Assist with quarterly, monthly Stats SA reports
• Ensure annual Excon applications are renewed before expire
• Implement, Monitor and Maintain Required Internal Controls to Mitigate Financial Risks of the Company
• Perform controlling counter-signatures in terms of P20.1 policy (inc. e-Sign, CEOS, Tangro etc. tools}