SUMMARY:
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POSITION INFO:
Job Description:
Lead and manage the full financial control function for South African entities to allow compilation of accurate and timeous financial information to plant management in order to make informed business decision. Key functions include Costing, Internal Control, Continuous Improvement, CAPEX & Tooling management and plant controlling.
Reporting to: Country Finance Manager
Education and experience:
- Grade 12
- BCom Accounting
- CIMA required
- Minimum 10 years’ experience in Financial Controlling in a manufacturing industry, with 3+ years in a leadership / senior role.
- Manufacturing industry
- Automotive advantageous
- IFRS compliance
- MS Office (Excel, Word, PowerPoint, Outlook)
- Advanced Excel
- Solid ERP experience (BPCS advantageous)
Responsibilities:
Costing:
Lead costing and related updates for all South African plants, which includes:
- Calculate landed cost on import shipments.
- Prepare / review BOM's, Cost sets / cost buckets.
- Investigate Purchase price variances (PPV).
- Generate variance report of Actuals to budget information.
- APDP & EUR 1 submissions.
- Margin analysis & Reports.
Continuous Improvement:
'Lead the financial reviews of Continuous Improvement initiatives in the WAVE system for all South African plants, which includes:
- Review of initiative calculations.
- Verification of measure information.
- Tracking of actual savings against planned savings.
- Identify improvement opportunities and make recommendations for improvements.
- Participate in Continuous improvement initiatives.
Internal control:
'Lead internal control reporting and submission for all South African entities, which includes:
- Ensure compliance to Global Control Framework (GCF) and Delegation of Authority (DoA) and company policies and procedures.
- Prepare and submit monthly Control checks allocated as per Global Control Framework (GCF).
- Maintain the risk register.
CAPEX, Tooling & Fixed assets:
'Prepare & maintain a CAPEX and Tooling reports & register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.
- Prepare CAPEX requisition with all relevant information regarding the CAPEX project.
- Support useful life and residual value of Fixed Assets analysis.
- Perform asset verification.
- Impairment reviews.
- Preparation of business case for new CAPEX.
- Perform fixed asset verification.
Plant Controlling & Country Controlling:
'Lead plant related controlling activities for all SA entities and perform plant related functions for East London plant.
Stock
- Oversee & attend Stock Takes
- Review, investigating cycle count variances.
- Review maintenance spares, obsolete stock and NRV of stock.
Forecasting & Budgets
- Prepare & review weekly Forecast & month-end estimate.
- Prepare & review monthly short term forecast (P/L & BS).
- Prepare detailed plant budget and medium term forecast annually with collaboration of plant management.
Expense control
- Approve plant requisitions for expenditure.
- Expense management.
- Accounts Payable recon reviews.
- Payroll reviews.
General ledger
- Open order reviews.
- Prepare provisions and accruals.
- Prepare general ledger journals .
- Prepare monthly general ledger reconciliations (BS & IS).
Financial Reporting:
- Prepare financial reports and returns for internal and external use.
- Provide financial analysis and support to plant management and all operational areas of the business.
- Review and action Financial variances (Budget / Forecast / Estimate).
- Ensure compliance with IFRS.
- Submission of monthly and annul reports on reporting platform (Onestream)
Audits and Year-End Processes:
- Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan.
- Support with reporting Accounting, Audit and Tax Packs information.
- Support in providing information on internal audit, and closure of findings stemming from internal audit.
- Support with BBBEE audit.
Statutory Returns and taxes:
- 'Prepare Government Incentive Applications.
- Prepare BBBEE reports and information.
- Support with AFS preparation & reviews.
Insurance:
- 'Prepare Insurance Declarations.
- File claims for losses.
Other:
- Compile and review sales reports.
- Support process of WCA, PAYE and Provisional/Income Tax returns.
- Support with VAT reviews.
Performs other finance related duties as assigned.
Competencies / Skills:
- Adaptability
- Effective Communication
- Continuous Improvement
- Financial Acumen
- Integrity
- Emotional Intelligence
- Deadline Driven
- Safety Awareness
- Systematic Problem Solving & Decision Making
- Self starter
- Strategic Planning, Organizing & Control
- Structured
- Analytical
