Financial Manager - FMCG - Midrand

SUMMARY:
Financial Manager - FMCG

POSITION INFO:

The primary role is to oversee the day-to-day accounting operations with functional responsibility for accounting, accounts payable, accounts receivable and financial reporting. Responsibilities also include production of financial reports; proper maintenance of accounting records and accurate processing of financial transactions to ensure that the reported results comply with accounting statements. The Financial Manger works with the CFO to building financial strategies to improve the company’s financial health and meet both short term goals and long-term goals.

Finance Reporting
• Manage the performance of month-end and year-end closing procedures, including reconciling Balance Sheet accounts and preparing journal entries.
• Prepare Balance Sheet reconciliations for high-risk accounts.
• Prepare accurate monthly financial and management reports, including income statement, balance sheet, budget and variance, projections and forecast and cash flow.
• Monitor the performance of the company by comparing actual costs against budgeted costs.
• Manage the annual budgets process by gathering inputs from other departments.
• Assist in the preparation of the annual financial statements.
• Manage the company’s annual audit by liaising with external audits.
• Monthly external compliance disclosure (Income Tax, VAT returns, SA Statistics, Government grants etc.)
• Ensure compliance with local Tax Laws (SARS) and statutory obligations and reporting requirements.
• Preparation and submission of VAT and Income Tax

Internal Controls and Procedures
• Managing company liquidity, payables, receivables, and debt (local and foreign payments).
• Ensure compliance to Accounting Standards (IFRS), Tax Laws (SARS), Companies Act and Group Policies.
• Ensure compliance by the difference departments to company financial polices with regards to the procurement process.
• Once the cost prices for raw materials have been approved, load them into SAP.
• Review creditors reconciliations prepared by the Creditors Clerk for payment.
• Upload payments into the bank for release by the CFO.
• Checking and approving of journals of the Creditors Clerk and Factory Accountant before the template is uploaded.
• Overseeing the accounts receivable accounts and allocating payments.
• Release credit notes and debit notes that are initiated by Customer Service

Finance Management
• Oversee the operations and development of the company’s finance department including creating and reviewing policies, budgeting, training, and conducting regular assessments of financial procedures.
• Review of suppliers and debtors ageing to ensure trade taking place within terms.
• Ensure that customer and supplier queries and requests are attended to timeously

Projects and Ad hoc
• Ad-hoc duties as required.
• Will include business intelligence, process automation, cost and tax efficiencies, imports and exports, accounting, and reporting.
• Reprint invoices, credit notes and customer statements when requested by customers.
• Interacting with the bank for any bank related queries. (First line contact).
• Raising Sundry invoices and credits on SAP

• Bachelor’s degree in accounting, finance, business administration or another related field.
• Honor’s degree in accounting and or finance.
Ideal
• CA (SA) advantageous

SAICA (Accreditation to an accounting professional body)

Advanced knowledge of mathematics and statistics.
Understanding of organizational accounting concepts.
Strong financial analysis skills.
Ability to prepare financial reports and give recommendations based on available data.
Superior knowledge of financial reporting software tools and ERP software

Salary - +-R1 mill pa CTC

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