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Group Financial Manager - Ref 7072

Employer
Smart Network
Location
Sandton Sandton North Johannesburg, South Africa
Salary
Competitive
Closing date
Oct 9, 2024
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Job Role
Finance Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Introduction
Providing support to the Group CFO and Operational Finance team as and when required.

Duties & Responsibilities
DUTIES:
  • Performing and updating of cash flow forecast for the group on a daily / weekly / monthly basis:
    • Accurate and timeous reporting on cash flow forecast
    • Analysis of variances between forecast and actual cash flow, to mitigate potential risk
  • Daily / weekly / monthly checking of foreign procurement department:
    • Daily checking of costing as performed by buying department;
    • Continuous checking of foreign purchases against supporting documentation;
    • Weekly reconciliation of forward exchange contracts and against bank accounts;
    • Weekly reconciliation of the payments to be made to foreign suppliers;
    • Monthly updating of forecasted imports from buying department;
    • Monthly reconciliation of foreign suppliers
    • Monthly reconciliation of foreign exchange variances (both Bank and Creditors)
    • Monthly update and reconciliation of foreign supplier's rebate targets
  • Overseeing the group's annual budgeting process including rolling budgets / forecasts
  • Review group management accounts (income statements, balance sheets and cash flows) together with the operational finance team and compare to cash flow forecasts and budget
  • Perform a group consolidation on management accounts (income statements, balance sheets and cash flows);
  • Providing support to the Group CFO and Operational Finance team as and when required.


Desired Experience & Qualification
SKILLS / QUALIFICATIONS:
  • Bachelors' degree in Financial Accounting (or similar) - non-negotiable;
  • Honours degree in Financial Accounting (or similar) advantageous;
  • Successful completion of 3 years articles (preferable medium size firms) - non-negotiable;
  • Minimum of 3 to 5 years commercial experience
  • Advanced excel - non-negotiable:
    • Must be able to work with complex financial models and data bases;
    • Must be able to present complex financial information in a simplified format;
  • Proficiency in financial modelling, forecasting, and analysis
  • Must be able to communicate and present findings through financial modelling, forecasting and analysis in a clear and concise manner;
  • Good communication skills, with the ability to distil complex financial concepts into clear, concise insights;
  • Must be able to link financial modelling / forecasting with the operational aspects of the business (“Strong business acumen”);
  • Strategic mindset to identify opportunities and mitigating risks;
  • Excellent analytical skills with the ability to translate complex financial data;
  • Acute attention to detail and accuracy;
  • Experience with foreign procurement processes including:
    • An understanding of foreign purchases, foreign creditors and foreign exchange;
    • An understanding of shipping terms, VAT, duties and freight clearing / forwarder accounts;
    • Lead times from different suppliers
  • Up to date knowledge of full IFRS (advantageous);
  • Must have prepared provisional tax calculations (first and second), and normal tax calculations;
  • Experience in a group environment, inter-company loans, debtors and creditors;
  • Must be able to work in a structured manner while under pressure to meet strict deadlines;
  • Must be a self-motivated;
  • Must be able to work alone and in a team environment.
Package & Remuneration
50000
Interested?
www.smartplacements.co.za

Group+Financial+Manager+-+Sandton+-+(Ref+7071) - https://smartplacements.co.za/job/group-financial-manager-sandton-ref-7071/

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