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Group Finance Manager - Fordsburg, Johannesburg

Employer
Pty
Location
Amalgam Johannesburg, 2092 West Johannesburg, South Africa
Salary
Competitive
Closing date
Feb 3, 2025
View more categoriesView less categories
Job Role
Finance Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Introduction
We are seeking to employ a highly experienced Group Finance Manager with a very strong and matured personality. The Finance Manager will solely be responsible for running and overseeing the financial operations of the organisation. Implementing accounting processes, & preparing monthly financial reports, Furthermore, preparing income tax statements and conducting financial audits for the company, preparing financial statements, Bank Finance, Management of the team, setting performance objectives & evaluation etc.

The job requires an individual that pays rigorous attention to detail, diligent and hard working as the job can be strenuous at times.

The individual must have a background of Property, Manufacturing, Construction, Logistics and Security industry.

Ability to handle ad hoc finance projects.
Duties & Responsibilities
  • Financial reporting i.e. Monthly Management Accounts, Financial Statements etc.
  • Lead and develop the finance team
  • Analyse financial data and provide strategic insight and recommendations to Stakeholder Management.
  • Develop and maintain financial policies and procedures that ensure compliance with regulatory requirements and best practises.
  • Ensure that the group company's financial records are accurate and up to date.
  • Review and monitor intercompany transactions and balances and eliminate any discrepancies.
  • Continuously seek opportunities to improve financial processes, reporting efficiencies and automation.
  • Stay updated on relevant accounting standards and regulatory changes affecting financial reporting
  • Manage annual external audit reviews and compilation of financial statements for smaller companies
  • Ensure SARS compliance across the group companies.
  • Tax planning and management


* Financial Management:
  • Monitor and analyse financial performance, including revenue, expenses, and profitability.
  • Overseeing and managing the entire month and year-end financial close consolidation process.
  • Meticulously reviewing and consolidating reconciliations of financial accounts.
  • Identify cost-saving opportunities and financial risks, providing recommendations to improve financial performance.

* Financial and operational strategy:
  • Conduct financial analysis and market research to support the development of strategic plans.
  • Provide financial insights to guide decision making on product pricing and market expansion
  • Implement Financial internal process controls
  • Oversee accurate reconciliation of all financial records to enable verification of the validity of transactions and to take appropriate action where required.

* Reporting and process optimisation:
  • Compile a detailed report and presenting a comprehensive overview of the company's financial health and performance.
  • Compiling a concise and timely flash report, highlighting key financial indicators, and analysing any deviations from expected performance.
  • Identify issues within financial systems, propose solutions, and implement improvements to enhance efficiency and accuracy.
  • Accurately calculate and process VAT, provisional tax, IT14 etc.

* Management of team:
  • Ensuring compliance with financial standards and best practices.
  • Train and manage the finance team, ensuring a high level of competency and motivation.
  • Set performance objectives and conduct regular performance evaluations for team members.

* Subsidiaries:
  • Oversee the entire process of monthly group financial reporting, which includes consolidating financial data from subsidiaries,
  • preparing accurate and comprehensive financial statements.
  • Consolidate financial data from subsidiaries and present comprehensive financial reports to management.
  • Analyse the financial performance of subsidiaries and identify areas for improvement.

*Operational Management
  • Day to day accounting matters, cash flow, payments, reconciliations, banking etc
  • Annual Audits for all companies
  • Tax submissions, annual / provisional tax returns and submissions in conjunction with local audit partners
  • Monthly statutory tax payments for all companies
  • Cost / Expense control
  • Monitor monthly expense budgets from all managers.
  • Monitor payments requested against project contract allowables.
  • Monthly Project reporting and management accounts.
Desired Experience & Qualification
Communication: ability to communicate professionally at multiple levels in a professional, diplomatic, polite and rational manner even when under pressure.

Interpersonal competence; effective at working with people.

Financial Management and Performance Reporting

Financial and commercial acumen/ thinking.

Financial and Accounting Control

Professional

High level of detail and accuracy

Energetic and self-motivated

Experience
At least 10+ years of relevant experience in financial management or accounting.
Knowledge of SA tax regulations and laws.

Bachelor's Degree in appropriate field of study - Accounting/ Accountancy

Affiliation to a professional body such as Saica, Saipa, Acca and Cima will be advantageous.

Proven track record of reconciliation, preparation of management account, financial statements, dealing with SARS etc.

Proven track record experience with VAT, Income Tax etc

Proficient in Ms office and other financial systems

Proficient in SAGE 50, SAGE Evolution, SAP, ERP etc
Package & Remuneration
Market related - negotiable based on skills, qualifications and experience

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