Financial Manager

SUMMARY:
Purpose of this role:

• Financial reporting: ensuring the delivery of valid, accurate and complete financial accounting records,
• Financial operations: management of the financial administration department (i.e. banking facilities, payments, submission of returns etc)
• Financial operations: management of cash flows, tracking various elements of cash flow against available funding on per project basis
• Governance & controls: developing and ensuring compliance to policies, processes and regulations
• The Financial Manager is responsible for the following:
• A Bookkeeper
• Accounts Payable clerks

POSITION INFO:
Position: Financial Manager
Industry: Manufacturing
Location: Midrand - Gauteng
Salary: Market related


Qualifications and Experience:

• BCom Financial Accounting./CIMA.
• 5 -7 years’ experience in Manufacturing, experience in the defence manufacturing will be an advantage.
• Extensive and detailed knowledge of best practice accounting systems, policies, and procedures.
• MS Excel ERP Systems knowledge and experience.

• Reconciles creditor’s accounts, follow-up on queries, request outstanding invoices and credit notes to ensure timely and accurate cost processing is up to date and payments occur according to agreement and procedure.
• Verify invoices against purchase orders/GRVs and resolve variances by liaising with supplier or buyer to initiate payment.
• Attend to supplier/buyer queries by investigating and resolving.
• Preparing payment requisitions. Loading of transactions in the banks. Drafting of payment schedules. Capturing of all bank transactions including but not limited to forex, petty cash and credit cards.
• Create new vendors and ensuring supporting documents are submitted for new vendor creation.
• Preparing monthly balance sheet reconciliations including but not limited to forex, payroll, and credit cards, WIP, and project accounting.
• Management and accounting of foreign exchange.
• Ensure the debtors ledger is accurate and reconciles to the general ledger.
• Reconcile debtors and all intercompany accounts monthly.
• Regularly following up on outstanding debtors.
• Record manual journals, where relevant and requested.
• Process monthly depreciation and maintain the fixed assets register.
• Liaise with Stores to ensure the accurate processing of goods received.
• Manage the inventory control process and ensure that stock on hand is accurately reflected on the balance sheet.
• Ensure expenses and other income are accurately reflecting in the applicable ledger.
• Process monthly accruals.
• Maintain the balance sheet and prepare monthly reconciliations.
• Maintain the income statement and prepare monthly income statement analysis.
• Prepare monthly management accounts.
• Monthly accounting of VAT and payroll.
• Accounting and filing of taxation.
• Ensure the accounting for any labour-related costs to WIP (projects)
• Managing financial accounting system errors and enhancements with the applicable service provider.

• Prepare and issue customer invoices, credit notes and statements of account promptly and accurately.
• Assisting in cash flow forecasting.
• Administration of banking facilities and collection and payment processes.
• Monthly filing of VAT returns and payroll taxes.
• Assuming responsibility for the CAPEX processes and procedures.
• Prepare statutory returns where applicable.

• File and maintain records of all source documents according to financial and audit requirements.
• Accountable for the financial year-end audit. Liaising with auditors to ensure annual audits are effectively performed. Attend to audit requests.
• Prepare reports, calculations, and documentation for any SARS audits.
• Develop, maintain, and ensure compliance to group, entity and regulatory regulations, processes, and policies.

• The processing of your personal information and sharing it with third parties for verifications.
• The exercising of your rights provided for by POPIA.
• To acknowledge that Hutech International Group (Pty) Ltd will keep the record of your personal information confidential.