Group Financial Manager

SUMMARY:
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POSITION INFO:

Purposes:

· Role will be based in East London and is responsible for the management of plants in Durban and Pretoria.

· In close collaboration with EU Finance Director and will be responsible for overseeing the finance and accounting functions of the business.

· Accountable for financial planning, forecasting, budgeting, financial reporting, and analysis to provide the strategic insights necessary to guide the business decision-making process and contribute to profitability and growth

Main Areas of Responsibilities:

General:

•Responsible for the timeliness and quality of the reporting

• Ensures proper analysis is provided in order to support the management team.

• Following corporate and divisional procedures and controls

• Following local accounting principles, rules and tax regulation (including BBBEE)

• Banking relationship

• Interaction with all departments in the company both locally and internationally

• Ad hoc requests as and when received.

• Policies and Procedure review

• AIS Grants

Position Specifications:

• STD costing

• Reporting: Capex DB, Rolling Forecast, Tooling reporting, Overdue reporting

• OS: Intercompany, Sales and Contribution

• Balance sheet reconciliation, Journal entries SOX reports and certificates

• Fixed assets (including supporting preparation of Screenings and Capex)

• Project management and tracking – CEA.07

• CM walk – CAP7

• Internal controls including BS reconciliations.

• Sales prices control

• Payroll review

• Support the development of Forecasts, Budget and MTP plan.

• Following corporate and divisional procedures and controls

• Month-end closing – manual journal preparation, accounting control

• Support other departments - Ensures proper analysis is provided to support the management team.

• Responsible for management of local finance department

• Hedging, currency management, cash forecasting

Daily and Monthly Tasks:

• Cashflow review and management

• Journal entry review

• Balance Sheet Recon reviews

• Payment release on the bank (local/foreign/payroll)

• Month end GL and account review

• Month end meeting analysis, commentary and reporting

• Short term forecast review

• Purchase order authorization

• Internal control/ General Control Framework/ Risk Management

• Payroll review

• BBBEE involvement

• VAT review

• Capex involvement

• Costing/Pricing changes reviewed

Quarterly Tasks:

• Financial review Questionnaire and other HO quarterly requirements

Annual Tasks:

• Tax – Year end calculations, Transfer Pricing, Country-by-Country reporting

• AFS review

• Budget coordination, finalization and presentation

• Insurance

Key Requirements:

• CA (SA)

• Minimum 5 years in charge of a finance department of a manufacturing company with a national/global footprint.

• Highly Motivated Individual with a positive attitude and flexible approach to work.

• An understanding of regulatory and financial reporting regime and IFRS

• Proven track record of clean financial management and administration

• Financial Modelling Knowledge

• Excellent interpersonal skills with the ability/desire to work in a team

• Strong leadership skills: ability to effectively influence all levels of management +strong analytical and conceptual abilities

• Well-refined technical finance and strategic skills

• Corporate Finance experience advantageous

• Assist the organization with administrative, filling and other smaller support functions.

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