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Financial Manager - KwaZulu-Natal, New Germany

Employer
121 Talent
Location
New Germany New Germany, KwaZulu-Natal eThekwini, South Africa
Salary
Competitive
Closing date
Mar 28, 2023

View more

Job Role
Finance Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Our client, a well-established Manufacturing company based in New Germany, is looking to fill the position of Financial Manager.
Key Responsibilities:
Financial Accounting and Controls:
  • Oversee all aspects of financial accounting processing and related controls in the business.
  • Review and authorize monthly standard journal entries.
  • Review GL reconciliations and ensure the reconciling items are appropriately addressed.
  • Make recommendations for improvements to processes and controls.
  • Ensure maintenance of appropriate internal controls and financial procedures.
  • First point of escalation for accounts payable and accounts receivable issues.
  • Ensure all month-end closing activities including control account reconciliation, integrities and reconciliations are in place.
  • Completion of month-end/ year-end closing activities including financial results finalisation, review of control account reconciliations and preparation and submission of group reporting schedules.
  • Preparation of annual financial statements complying with IFRS and relevant regulatory frameworks.
  • Management of external and internal audits including addressing and remediating external and internal audit findings.
  • Point of contact for the group finance team.

Treasury Management:
  • Manage cash balances and prepare weekly, monthly and long-term cash forecasts.
  • Oversee the cash flow plans and ensure that availability of funds as needed.
  • Ensure payments to suppliers are based on terms.

Planning and Forecasting:
  • Develop, coordinate, prepare and monitoring of budgets.
  • Develop ongoing financial business plans, models and forecasts together with the analysis.
  • Assist with financial modelling and analysis to support the development of long-term strategic initiatives and business plans.

Tax Compliance :
  • Income Tax/ VAT/ PAYE compliance.
  • Ensure compliance with tax law.
  • Manage the company's tax return filings process.

Asset Management
  • Oversee the maintenance of the inventory of all fixed assets.
  • Ensure that assets are capitalized in terms of IFRS.
  • Compute the depreciation expense.
  • Ensure the useful lives and residual values are assessed annually.

Internal and External Financial Reporting
  • Compiling balance-sheet, cash flows and supporting schedules for executive and board reporting.
  • Submission of monthly/quarterly results to shareholders.
  • Completing surveys (AFS, STATS SA, NAACAM, B03).

Other
  • Assist with ad-hoc finance department projects.
  • Annual insurance renewals and claims submissions.
  • Maintenance of supplier, customer and service providers relationships (Banks, Audit Firms, Insurance Brokers) as a representative of the company.
  • Performing research to address queries.
  • Manage defined risks in the finance function.

Supervision
  • Day-to-day management of finance and payroll teams' daily activities including setting and monitoring the task plan, reviewing work performed communicating key issues to executive.
  • Evaluating the performance of staff members.
  • Supervision and coaching of staff members.

Qualifications and Experience:
  • Grade 12 Senior Certificate
  • CA SA or B.Com Accounting Honours
  • Preferred postgraduate or higher-level qualification. CPA is an added advantage
  • 3-5 years of experience (post-article) in a relevant business area or manufacturing
  • Knowledge and experience in IFRS and AFS compilation

If you are interested in applying for this role, please send a detailed copy of your CV to [Email Address Removed]
If you have not been contacted within two (2) weeks, please consider your application as unsuccessful.

Desired Skills:
  • Financial Accounting
  • Financial Reporting Management
  • Financial compliance

Desired Work Experience:
  • 2 to 5 years

Desired Qualification Level:
  • Honours

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