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
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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:
Treasury Management:
Planning and Forecasting:
Tax Compliance:
Asset Management:
Internal and External Financial Reporting:
Other:
Supervision:
Job Requirements:
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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