Financial Manager

Job Purpose

Reporting to the General Manager, the Incumbent will be responsible for accurate financial, budgetary and related reporting and analysis for the company and management of processes around tax and foreign exchange compliance.

Key Performance Areas

• Directly responsible for the preparation, evaluation and submission of accurate financial reports to key stakeholders inside the business and outside (Board and Shareholder)
• Ensuring that all accounting transactions are in line with the principles of IFRS
• Completion and review of Sales Variance Analysis on a weekly basis
• Review of Credit Notes, monthly trend analysis and obtaining explanations
• Management of the monthly accruals and provisions review
• Preparation and review of monthly Sales and Opex journals
• Managing the Management Accounts of the company and analysing all lines against Budget/ FC etc
• Financial review and analysis of P&L of all product groups
• Perform gross profit analysis and report on the key drivers impacting performance
• Quarterly forecasting: facilitate process; in-depth review of all Income Statement items; able to report on all variances; perform detailed analysis; timeously respond to queries
• In-depth review and analysis of expenditure
• Monthly review of expense to turnover ratio’s
• Approval and signing off of expense invoices within a specified monetary range. Releasing all payment batches
• Booking all FEC deals with the bank for all shipments and for month end import payments within delegations of authority
• Reviewing all local and foreign creditors’ recons and authorising for payment
• Authorising all BOP forms for foreign payments
• Reviewing the Sales and debtors’ recons
• Reviewing all Cashbook recons (Current account, and three CFC Accounts)
• Authorising all journals, and credit notes
• Review COD accounts and follow up on invoicing and stock
• Authorising all new assets purchased as per approved CAPEX budget. Keep an accurate fixed assets register
• Manage all SARS VAT and tax related matters appropriately
• Deliver day to day financial support and training to the business; respond to ad-hoc queries; perform ROI analysis
• Assisting the company executives with project related matters and other ad-hoc requests
• Manage working capital and credit to ensure the company has enough to pay bills at all times Make receivables management a key role for your finance department
• Administration and documentation of all salaries, bonuses and deductions received by employees, contact workers and learnerships
• Identifying risks and opportunities which impact the business
• Lead the internal audit and external audit processes for the company and submit all documents on time
• Management of a team and providing appropriate guidance and coaching to help their development
• Responsible for consistent achievement of quality, accuracy and on time delivery of financial information

Qualifications and Experience

• A Degree in accounting or related fields
• Certificate in Management Development Program
• Certificate in PFMA
• Certificate in PPPFA
• Certificate in Corporate Governance
• Advanced Word and Excel
• Minimum 10 Years accounting experience

General Attributes

• Work effectively with other business units and functions to implement processes and tools
• Agile at making things happen through strong relationships and networks both internally and externally
• Must be self-starter, resourceful and flexible as changes arise
• Expert and persuasive communicator, both in writing and verbally
• Able to influence and impact across all levels
• Manage budget and resource plan to enable achievement of objectives
• Brief, supervise and work closely with suppliers and service providers
• Knowledge of SAP IT system will be advantageous