Group Financial Manager - Ref 7072
- Employer
- Smart Network
- Location
- Sandton Sandton North Johannesburg, South Africa
- Salary
- Competitive
- Closing date
- Oct 9, 2024
View more categoriesView less categories
- Job Role
- Finance Manager
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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Introduction
Providing support to the Group CFO and Operational Finance team as and when required.
Duties & Responsibilities
DUTIES:
Desired Experience & Qualification
SKILLS / QUALIFICATIONS:
50000
Interested?
www.smartplacements.co.za
Group+Financial+Manager+-+Sandton+-+(Ref+7071) - https://smartplacements.co.za/job/group-financial-manager-sandton-ref-7071/
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.
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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