Financial Manager

Recruiter:

AGA Recruitment Specialists

Job Ref:

CPT000165/AG

Date posted:

Friday, February 18, 2022

Location:

Johannesburg, South Africa

JOB SUMMARY:
Our Client, a global, multi-cultural company that’s all about entertainment is seeking a Financial Manager to join their team.

JOB DESCRIPTION:

SKILLS AND EXPERIENCE REQUIRED

B Com (Accounting) with completed Articles , CA(SA), CIMA or equivalent
Accounting review experience.
Minimum 3 years managerial experience.
Proficient in Microsoft Excel.
Intermediate to advanced Microsoft Excel skills.
Knowledge of IFRS.
Experience in Navision (desirable)
Experience in reviewing AFS.
Independent worker.
Self-motivated and highly productive.
High levels of accuracy, attention to detail and strong analytical skills.
Highly dependable and dedicated.
Strong levels of co-operation.
Good levels of business acumen.
Project management skills including the ability to meet all deadlines and the ability to effectively manage the implementation of proposals/acquisitions.
Good writing skills.
Good problem-solving skills.
Time management skills

Financial reporting:

Monthly management reports

Review of monthly management accounts including income statement and variance analysis and documentation of all commentary
Review of all balance sheet and related monthly reconciliations.
Review of all Trial balances to ensure completeness of the accounts.
Approval of all journal entries in the accounting system
Maintenance of Monthly Financial Reporting Index
Review of open items reports to ensure that all open transactions are reconciled, documented and queries resolved timeously.
Review of monthly aging reports to ensure all creditors paid and customers collected timeously.

Prepare the Monthly reconciliation of accounting and data to Group Reports.

Ensure all standardization of reporting and schedules across all entities.

Analytical reporting

Review all Monthly Product and Regional income statements.
Provide summaries of all highlights to the Senior Finance Manager for income statement, balance sheet and open items.
Review and resolve Country Manager queries.

Corporate Governance:

Board reporting and minutes

Preparation of financial data required for Board Reports.

Audits

Work closely with the Statutory team in Co-ordinating of audits and attending to audit queries timeously
Review of all team prepared internal and external audit reconciliations & clearing of all queries 3. Tax management and compliance
Review of all statutory calculations including tax, VAT, Indirect Taxes, Corporate Tax, annual returns, statutory reports etc. for all entities.
Review of all statutory returns including income tax, annual returns, VAT, Indirect Taxes, In-country reports, etc. for all entities.

Regulatory requirements

Manage onboarding of new entities, Regions and Products (all accounting and reporting), and that all Financial Regulatory requirements are met.
Ensure that the Project team is aware and understands all Finance and related requirements.

Transfer pricing governance

Ensure that all Intercompany and Intergroup billing complies with the Group’s Transfer Pricing policy.

Contracts management

Internal billing and contract management. Review Internal billing on a regular basis to ensure that it remains practical and relevant.
Ensure all contracts are up to date and on file and recorded on the contract matrix.
Obtain new contracts for new billing or changes required. Ensure termination agreements are received, filed and recorded on the contract matrix.

Funds and Assets Management:

Forecasts and going concern

Take ownership of annual forecasts.
Update and maintain rolling forecasts.
Review forecast variance analysis and obtain explanations.
Escalate any unusual variances.

Cash flow

Run weekly Open Item Reports for all entities, query long outstanding items and request feedback on why suppliers are not being paid or customers collected
Review and approve weekly payments, ensuring that the correct amounts and suppliers are paid.
Release of payments onbanking platforms
Ensure timeous supplier and intergroup payments.

CAPEX

Review of Fixed Asset Registers and ensure accounting is in accordance with Group policy
Ensure short-term insurance contracts are adequately maintained and updated
Ensure any internally generated assets have been capitalized in the accounting records on the go live date and appropriate amortization has been applied. Robust and critical systems and controls:

ERP

Ensure that Navision, TM1 and other systems operate effectively and efficiently for responsible companies.
Investigate and recommend solutions to improve operational efficiencies in the team.
Liaise with BI to ensure that the transactional data received is relevant, accurate, complete and received on time.

Policies and procedures

Ensure that all accounting is in line with the Group’s accounting policies and procedures.
Draft process notes detailing how and why monthly tasks are performed to ensure business continuity.

Finance staffing:

Structure maintenance

Escalate and motivate any resource requirements to the Group Finance Manager.

KPI management

Day to day management of the financial accounting team.
Co-ordinate functions in the team to ensure that all team members are working effectively and able to deliver reporting on time.
Ensure best business practice is embedded across all processes and functions.
Undertake bi-annual team appraisals and performance development reviews.
Ensure team key deliverables are met on time and accurately.
Provide guidance, mentoring and support to all direct reports to ensure the team is working efficiently and coherently.
Bi-annual setting of team objectives.
Manage all stakeholder expectations appropriately and communicate any potential problems.

Ad hoc:

Other ad hoc duties as may be required from time to time.

Areas of responsibility:

Trial balance management of all entities.

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

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