Senior Financial Accountant (Colorants / Manufacturing / Chemical / Industrial)

Senior Financial Accountant (Colorants / Manufacturing / Chemical / Industrial) - Johannesburg

R 45 000 to R 55 000 per month

Global Manufacturing concern is seeking the expertise of a dynamic and astute Senior Financial Accountant to join their dynamic team.

Purpose of the position:

This position is an integral member of the business group and is responsible for controlling and the management of financial services for the site.

Qualifications and Requirements:

• Minimum Bachelor Degree in Accounting and professional body qualifications CPA/ACCA/CIMA/etc
• 5-7 years working experience in a manufacturing environment and strong working knowledge of standard costing in manufacturing company
• Proficient and have gained a solid & full understanding of SAP operations in a manufacturing environment and familiar using HFM (Hyperion)
• Advanced knowledge of Excel, Word and PowerPoint
• Ability to work within tight reporting global deadlines
• Excellent communication skills in providing cost/management accounting services
• Demonstrated understanding of inter-departmental needs in financial areas to meet company's objectives
• Proven analytical and pragmatic skills
• Strong capabilities in processes, improvements and measurements
• Ability to multitask and meet tight reporting deadlines locally and overseas for consolidation
• Good knowledge of Company Secretarial compliance requirements and Corporate Law in South Africa
• Sound understanding of various taxes in South Africa including import & export compliance requirement and Double Taxation Agreement with various countries
• Familiar with US/EMEA GAAP and IFRS accounting standard
• Technical Accounting, Tax, Corporate Law knowledge, innovative, proactive, team orientated, results focused, flexibility, high energy levels, confident, integrity, assertive and open to challenge
• Ability to multitask and good time management skills

Job Description:

Functional responsibilities will include, but not be limited to:

• Directs the maintenance of general and subsidiary ledgers, accounts receivable, revenue distribution, cost, property, and operating expenses records
• Maintain records of financial operating performance for comparison with estimated budgets and the integrity of the SAP system
• Prepare income and balance sheet statements and prepare other accounting statements and reports as required monthly, quarterly, and annually for internal and external reporting requirement
• Prepare all management and financial reports including sales, profit and loss, bank account reconciliation, balance sheet and reconciliation of capital additions, creditors and debtors' summaries and general ledger accounts
• Analyze financial reports and records
• Review monthly reconciliation of all Balance Sheet items to ensure that all accounts are properly accounted for and in order with no unusual entries
• Responsible for maintaining the raw material and finished goods standard costing and monthly standard cost update
• Prepare and analysis of NWC for the region and recommend improvement activities
• Cash Flow Management - prepare the monthly cash flow report and manage the FX conversion requirement to meet the business requirement
• Prepare financial data (Annual Corporate Tax Return, Fringe Benefit Tax, VAT, Payroll, required for submission to the South Africa Tax Office (SARS), and other returns to the Bureau of Statistics or CIPC, etc. as required
• Coordinates preparation of external audit materials and external financial reporting; Prepare and consolidate statutory group account
• Oversee the payment of creditors and check documentation for accuracy; review and approve cheques prior to dispatch to ensure correct levels of authority are being observed
• Maintain and update project system, fixed asset registers and participate in the preparation of capital expenditure reports and budgets as delegated
• Participate in the modification of reporting formats and schedules of accounts in accordance with company policy
• Ensure activities comply with legal, professional, and ethical standards
• Conduct special studies as required; develop or recommend accounting methods and procedures
• Conduct performance review for AP& AR and collection in liaison with Sales & Marketing Team.
• Assist in audit of ISO 9001/14001
• Review and recommendation to strengthen internal control system and process improvements across all areas of Finance, Supply Chain and Operations Management, training, coaching and leadership of finance team
• Handle and manage all the Treasury functions including all banking matters liaising with Reserve Bank of South Africa and bankers
• Participate and assist in corporate projects and ad-hoc reports as required
• Ensure compliance with all local statutory requirement for taxation, pension, medical, labor, company corporate secretarial duties
• This position must ensure that proper accounting and system practices are be