Financial Manager

SUMMARY:
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POSITION INFO:

Duties and Responsibilities:

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• Maintain existing internal control procedures.
• Identify weak internal control procedures and investigate alternatives.
• Propose and implement improved control procedures as required.
• Maintain compliance with appropriate taxation legislation and accounting standards. Submission of VAT & EMP returns.
• Review audit file and monthly GL reconciliations.
• Coordinate external audits and resolve queries as required.
• Working papers for annual financial statements including preparation of Pro-forma consolidation journal entries. Finalise and review annual financial statements of all group entities.
• Compile data required for the BEE audit.
• Maintain banking controls/profile. Authorised bank signatory. Review and release payments.
• Monitor working capital and provide responsible parties with required data and information.
• Prepare cash flow forecast.
• Manage the timing of CAPEX spend and report on CAPEX spend vs budget and highlight variances.
• Manage the authorization of the CAPEX spend and makes sure all processes are followed
• Investigate and report variances from cash flow forecasts.
• Mitigate foreign exchange fluctuation by taking out foreign exchange contracts based on projected spend and incoming funds from UK. Bank management related to foreign payments and receipts.
• Review general journals and general journal book.
• Preparation of management accounts including income statement, balance sheet and cash flow statements.
• Variance analysis and various investigations to ensure results are complete, accurate and can be explained.
• Prepare month-end reports for inclusion in the monthly management pack, Exco presentation and quarterly Board pack.
• Distribute monthly finance and cost reports to relevant departments.
• Collate all the reports for group management reporting and prepare group financial reports.
• Present financial results of the company and the group to CFO & CEO.
• Meet statutory reporting requirements.
• Meet year-end reporting requirements.
• Manage the annual budget process and bi-annual forecasts. Present budgets and forecast to CFO & CEO. Prepare board presentations of budget and forecast.

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Qualifications

• Comm in Accounting
• Professional Accountant (SAIPA)
• CA (SA)
• CIMA
• 5 years accounting experience
• Knowledge of Syspro
• Computer literacy
• 5 years’ experience of managing staff

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Skills

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• Computer literacy with advanced Excel
• Presentation skills - the ability to present information to an audience
• Communication - expressing ideas effectively in a verbal or written way
• Financial skills - the ability to process and interpret financial data
• Leadership skills - communicate a vision or direction and inspiring others to achieve it.
• Strategic thinking - ability to establish a course of action to accomplish a long-range goal or vision
• Commercial awareness - an awareness of the need for efficiency, cost-effectiveness, customer care and knowledge of the market in which the company operates
• Stress tolerance – the ability to withstand adverse events, stressful situations and strong emotions without ‘falling apart by actively and positively coping with stress.

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