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Director Finance / Financial Manager (Witfield, Gauteng (SA))

Employer
Voith
Location
South Africa Witfield, Gauteng ZA, South Africa
Salary
Competitive
Closing date
Jun 2, 2024

View more

Job Role
Director/Board
Sector
Finance
Contract Type
Permanent
Hours
Full Time
About the Voith Group

The Voith Group is a global technology company. With its broad portfolio of systems, products, services and digital applications, Voith sets standards in the markets of energy, paper, raw materials and transport & automotive. Founded in 1867, the company today has around 22,000 employees, sales of € 5.5 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.

Director Finance / Financial Manager

Finance Department

Purpose of the Job: To manage and control day to day transactional accounting systems, processes, and procedure in compliance with international financial reporting standards (IFRS) and statutory regulations, ensuring that all journal entries are checked, processed and reconciled on a daily, weekly and monthly basis.

Primary duties:

Controlling and consolidating the VTZA financial planning, financial management, financial accounting and board reporting functions

Ensuring that professional financial management and accounting policies and systems are developed, implemented and controlled in support of strategic objectives and in compliance with international financial reporting standards (IFRS) and statutory regulations.

Oversee the management and control of the VTZA assets register ensuring that the value of all current, fixed and intangible assets is accounted for.

Oversee the VTZA financial planning and budgeting process.

Collate, analyze, and prepare monthly, quarterly, and annual financial results and management reports for the VTZA managing board, as well as for Head Office in compliance with IFRS.

Establish, oversee, and control the day-to-day transactional accounting structures, systems and processes to ensure that all financial transactions are processed and allocated correctly and on time in line with best practice.

Ensure that critical risk assessment models (e.g. credit, currency & exchange rate risk), critical risk indicators, as well as risk management controls are developed, implemented and managed on a daily basis to minimize risk exposure.

Develop, implement and maintain an effective management and cost accounting platform (ERP system) for the business to support and improve management decision making.

Establish and monitor compliance reporting structures, policies, and controls to ensure compliance with IAS, IFRS, statutory and regulatory requirements.

Calculate and post general provisions.

Fixed asset accounting, perform impairment test on intangible assets and tangible assets.

Finance and controlling manual maintenance.

Perform period end closing.

Conduct period end financial and tax reporting

Conduct periodic internal auditing includes inventory management.

Oversee the management and control of the VTZA assets register ensuring that the value of all current, fixed and intangible assets (cash, stock, inventories, property rights, buildings and equipment) is accounted for

Establish and monitor compliance reporting structures, policies and controls to ensure compliance with IAS, IFRS, and statutory and regulatory requirements.

Administer the VTZA IT requirements and processes.

Planning, implementation and coordination of activities linked to security in line with the ISMS catalogue

Recruit, oversee, develop and retain a professional finance team and office support team.

Competencies

Leadership skills

Analytical skills

Good at probing facts, challenges, and assumptions

Observant and detailed orientated

Critical problem-solving skills.

Numerical ability

Methodical, organised, precise and accurate.

Excellent written and interpersonal communication skills

Socially confident

Resilient

Resourceful

Hard working and ability to work under pressure.

Results orientated.

Team orientated.

Good listening skills and ability to understand customer requirements.

Ideal qualifications, experience and knowledge

B Compt Degree or Equivalent, Ideal qualification is Honours Degree

Three years as a financial manager, preferably in an engineering environment

Advanced MS Office (Word & Excel)

Experience in ERP system, preferably Navision

Knowledge of accounting principles, accounting policies, processes, procedures,

Statutory and regulatory rules

Knowledge of business and credit risk management principles

Knowledgeable on debt management system

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