MDL 12131 - Finance Manager

Location: Richards Bay, South Africa
Salary: Market Related
Recruiter: Professional Career Services
Job Ref: MDL 12131 - Finance ..
Summary: Finance Manager

 

 

Job Description

Employer Description

World''s Largest Industrial Engineering Group

Job Description

 

This Financial Manager position for an Industrial Engineering company reports to the MD and is a challenging role with lots of scope & opportunity to show your abilities & make a difference.

You will be an integral part of the executive team and will support and advise the business on future performance and growth; you will be a strong people manager for your team and someone who is able to influence at management level; you will also be involved in important financial matters but importantly on day-to-day affairs:

  • Prepare monthly and quarterly reporting with accompanying analysis and comments;
  • Ensure the accuracy and follow up all reportings;
  • Supervise payroll, PAYE matters, IR returns, VAT return and Corporation Tax return;
  • Manage, motivate and train the finance team;
  • Oversee the external audit;
  • Be a thought partner for the business to analyze investment in strategic initiatives;
  • Communicate with the bankers, advisors, shareholders and all third parties on financial aspects;
  • Oversee the insurance program and ensure appropriate coverage is maintained at all times (notably export risk);
  • Set-up and maintain the appropriate hedging strategy on the contracts;
  • Support commercial teams on financial matters, notably tax and bank guarantees during the bidding process;
  • Responsible for ad hoc queries from head office acting as the main point of contact for all reporting and new improvement processes;
  • Oversee the implementation and operation of the Group Directives and Guidelines, and ensure that the Company meets its legal responsibilities;
  • Following up on all orders (Sales Price and Gross Margin) from booking to completion: ensuring the Gross Margin at booking is correctly calculated and following up on it until the 100 % completion of the project;
  • Follow up on the inventories of the warehouse and ensuring the correctness of stock and reconciliation of thereof;
  • Manage the systems surrounding all aspects of the organisation’s budgets, forecasts and business planning;
  • Developing and maintaining programme and project reporting and management systems as required;
  • Follow up on all Productive hours allocated to projects;
  • Preparing and analysing cash flow statements, income and expenditure accounts and balance sheet accounts;
  • Ensuring the correct revenue is recognised and that the correct costs are classified and followed up on (include accruals balance %);
  • Administrative agreements: management fees, rentals etc;
  • Undertake company secretary responsibilities and ensure the company’s compliance with relevant legal and governance requirement;
  • Corporate Law matters: status, deregistration;
  • BEE transformation: responsible for the BEE (main contact of PWC for the transformation and then follow up/ management of FSM on a financial and administrative perspective);
  • To promote and ensure compliance with the organisation’s policies, including Health & Safety
  • Environmental and Diversity Policies;
  • To encourage and support innovation throughout the organisation;
  • To work in the most resource efficient and effective manner;
  • To act as an ambassador for the organisation;
  • Any other duties as may be required by the Managing Director.
  • Knowledge of the Process is required to operate, monitor and maintain direct area of accountability and complete necessary work as per the accountabilities mentioned above.
  • Understand how changes to process conditions affect the area process outputs and how this impacts on other areas of the site from a compliance perspective.
  • Liaise with external auditors on completion of year-end audit
  • Provide financial support to the project teams, finance teams and business development teams, acting as the central point between the Finance function and other departments

Key Relationships

  • Local management team
  • Sub-Group head office
  • Finance team and all staff in general
  • External auditors
  • Banks

 

Qualifications

 

  • Financial Accounting Degree (BCom, BSc, BA or MBA)
  • Qualified Accountant (ACA/CIMA/ACCA)

 

Skills

You will have 6 years'' proven work experience as a Financial Manager and have:

  • Strong organisational skills to ensure timelines are met
  • Auditing background
  • 2 + years cost analysis / variance reporting experience
  • Experience in analysis of projects/manufacturing costs
  • Involvement in overall business strategy
  • SAP experience would be a distinct advantage
  • Good written and verbal communication skills
Salary / Package

Market Related

 

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