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Financial Manager

Employer
staffsols
Location
eThekwini Durban, KwaZulu Natal KwaZulu-Natal, South Africa
Salary
Competitive
Closing date
Apr 13, 2023

View more

Job Role
Finance Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Opportunity Available!! Our leading client in Automotive sector is looking to employ a Financial Manager to join their dynamic team in Durban. Job Description:

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

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


Job Requirements:

  • 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

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