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Financial Manager

ManpowerGroup SA
Pretoria Pretoria Tshwane, South Africa
Closing date
Jul 10, 2024

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Job Role
Finance Manager
Contract Type
Full Time
Reference: FRP002651-NE-1My client is Aerospace industry is seeking a Financial Manager to join their team based in Midrand
Financial Manager - Controlling Reporting to: Chief Financial Officer MAIN ROLES & RESPONSIBILITIES Planning and forecasting o Responsible for the coordination, preparation and on time submission of the annual Operating plan, Forecast 1,2 &3o Responsible to liaise with Group Controlling on all communication, requests and processes.o Responsible for internal planning and reporting in adherence with group reporting deadlines.o Ensure that AZA, Group, and economical factors and assumptions are taken into account in the operating plan & forecasto Responsible for coordination of and EXCO reviews and sign offs.o Responsible for the setup of financial targets with vast knowledge of the company's financial results and interpretation.o Keeping abreast of financial and economic changes.o Responsible for the preparation and submission of the monthly generated cost report to Group.Accounts Receivable and Credit Management o Customer maintenance: Responsible for the maintenance of all customer details on SAP in agreement with company and group directives (including AML)o Invoicing & statements: Ensure accurate customer invoicing Ensure on-time and accurate distribution of customer statements Dispute investigation and resolution Process review and coordinating invoicing of new aircraft deliveries between all departments.o Credit management: Responsible for the full credit management function Take the lead in monthly credit management meetings between all stakeholders Follow up on outstanding receivables and communicate with Commercial Directorate Department. Manage blocking and opening of customer accounts based on customer credit status. Facilitate the customer credit limit application by submission to Experian. Receive cross borders funds from customers in compliance to AML process. Process customer credit notes in accordance to Delegation of Authority. Reporting outstanding receivables to Group on a monthly basis. Reporting of receivables internally on a monthly basis. Setup monthly meetings with the relevant role players to discuss status, recommendations and actions on overdue accounts. Manage the Days Sales Outstanding (DSO) and report monthly. Supplier Managemento New Suppliers (AZA & Nigeria) Review new supplier applications and recommend to the CFO, Creation of the new supplier on SAP (AZA) & SAGE (Nigeria) once approved by the CFO,o Supplier Payments (AZA & Nigeria) Review payments in agreement with company processes and policies, Ensure on time payment to suppliers, Dispute investigation and resolutiono Central Supplier Database: Responsible for the maintenance of the central supplier database.Annual Financial Audit o Provide on time and accurate accounting records and supporting documents to the external auditors, Support Financial Manager (accounting and reporting) and auditors with querieso Ensure all direct reporting staff documents are complete and accurate,o Implementation of audit Management Letter Points recommendations and audit findingsSouth African Reserve Bank Reporting (SARB) o Responsible for coordination and submission to the bank.o Preparation of annually intercompany payment mandate with SARB,o Submission of annual Kenya SARB approvals with inputs from accounting and reporting teamo Report quarterly Balance of payments to SARB.Letter of Credits (L/C) o Responsible for the issuance, submission and claiming of L/C'sBank Guarantees o Liaise with Group Treasury in respect of issuance of bank guarantees as per requirements.o Ensure original guarantees are received, valid and stored in the safe.o Manage cancelled and expired guarantees with the banko Report on a quarterly basis to Group Treasury department on all guarantees issued.Enterprise Risk Management (ERM) o Responsible for the full ERM function (including Oneroof).o Responsible for quarterly ERM EXCO meetings.o Responsible for the upkeep of ERM on the ARM toolo Implements and maintains the Enterprise Risk Management (ERM) in linewith group directives and procedures.o Responsible to consolidate all company risks & oppso Responsible to update and maintain company risk register and country risk registero Responsible to analyse possible company risks & opps with input from relevant stakeholders.o Liaises with the Corporate Risk Management office and reporting on a quarterly and a yearly basis.o Responsible for the ERM preparation of the Board of Directors meeting reports Insuranceo Responsible for the full insurance management of the company.o Responsible for the analysis and completion of the insurance renewal reports and questionnaireso Ensure continuous analysis of insurance needs with the required updates.o Responsible for risk assessment and recommendations of specific commercial contract insurance requirements.o Ensure annual on-time insurance renewal submissionso Facilitate and handle all insurance related queries and claims.SAP Administrator and system improvements o Responsible for the maintenance of all AZA users and access rights on SAPo Responsible to update SAP with new joiners or leavers.o Creation of new employees on SAP,o Manage authorisation of employees on SAP,o Co-ordinate creation of JIRA tickets where change is required on SAP,o Participate and drive SAP improvements projects.General: o Monthly review of cost centre reports vs actuals.o Review and sign off direct team members monthly journal entries.o Monthly review of AP & AR recons before submission to Financial Manager Accounting and Reporting.o Responsible and accountable for timely and accurate submission of all monthly reports (Internal & External).o Ensure proper and timely monthly reporting and meeting deadlines.o On time group reporting: ERM, Guarantees, Receivables, Insuranceo Ensure accurate and timely reporting to CFO & EXCOo Monthly updating and reporting of financial KPI's with detail analysis of results.o Automate manual processes, forms and reportingo Identify gaps for new reports, improving on current reports. Creating new reports upon request from CFO.Leadership/People o Effectively manage, motivate and develop the staff under his or her responsibility.o Provide coaching and support to direct team memberso Be an effective business partner to the organisationo Support, motivate, develop/train, transfer of skills and knowledge to finance team.o Deadline management skillso Prioritizing skills and achieving objectiveso Promote and exercise empowerment through autonomous decision making.o Manage performance of staff and their developmentMonitoring Performance: o Responsible for the preparation and submission of the monthly generated cost report to Group.o Interpretation of financial data with gap analysis.o Identify gaps for improvement and implement corrective measures in area of responsibilityo Review and ensure accuracy of all financial data within SAP, SAGE & Caseware posted by direct reporting team.o Review and maintain documented and signed off year end process and controls for financial year end closing: GIT, Intercompany payables, Accruals, IFRS 15 entries.o Review and update business continuity processes and procedures for direct reports.o Identify and implement cost saving initiatives Company representative and responsible for maintenance of Scientrix (company dashboard). This includes user access, KPI targets and actuals, company objectives and departmental objectiveso Ensure company KPI dashboard is updated monthly with comments. Compliance o Annual SARB approvals.o Return to basics: 4 eyes principles ie SOD, journals & balance sheeto Ensure full financial compliance iaw all group and internal directives, processes and procedureso Support with annual completion of ICSA (Internal Control Self-Assessment) & implementation of recommendations and improvementso Assisting CFO to establish sustainable compliance awareness and conformance in the finance departmento Full compliance with IFRS.o Continuous review and update of processes and proceduresProjects - responsible or involved in (not limited to): o Group projects: Cost Based Monitoringo Change of banks: Integration into area of responsibilityo Annual Internal Control Self-Assessment Campaigno Support CFO with the implementation of the disaster recovery plano Finance compliance (A1043D, A1109 etc)o ERM - Country Riskso Internal Finance customer satisfaction survey: Survey and action plansCustomer Satisfaction o Building and maintaining a strong relationship between internal and external stakeholders.o Assisting the business to respond in an agile and flexible manner.o Negotiating and working with a variety of internal and external stakeholders on issues of mutual financial concern.o Actively involved in the commercial contract requirements for guarantees, letters of credit and insurance. SKILLS, EXPERIENCE, COMPETENCIES & QUALIFICATIONS: o IFRS - excellent; Accounting - excellento Leadership skillso Effective Communication skills (written and verbal) - excellento Effective Project Management skills - compiling of project plan and coordination of project.o Accountability and responsibilityo Problem solving skillso Coaching mind-set - uplift and empower finance teamo Team playero Deadline driveno Ability to take initiativeo Uses sound judgment to make good decisions based on information gathered.o Plans and organizes tasks and work responsibilities to achieve objectiveso Displays emotional resilience and the ability to withstand pressure.o Excellent interpersonal skills, influencing, negotiation skills, leadership, relationship -building and conflict resolution skillsAbility to take initiativeo Ability to timeously and effectively collaborate with relevant stakeholderso Demonstrated organizational and analytical skillso Strong work ethic and integrity Computer literacy skills: o Microsoft Programmes (Advanced Excel, Word, PowerPoint, Outlook); Gsuite; SAP; SAGE Accounting; Bank platforms (ABSA, Citibank)o SAP experience in a non-negotiable.Qualifications & experience:- Qualified Chartered Accountant- First time pass Board 1 & 2- Articles at one of the Big 4 audit firms- 3 years post article experienceOnly shortlisted candidates will be contacted.

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