About the position
Purpose of the job:
- The Account will oversee the financial function ensuring accuracy, compliance and strategic insights. You will play a crucial role in the preparation of monthly reports, reconciliations, accruals and month-end journals. Additionally, your expertise in budgeting, forecasting and costing analysis will contribute to informed decision-making and optimised financial performance across relevant divisions
Minimum Requirements:
- Grade 12/ Matric
- CIMA qualification or B.com Accounting
- 3 Years’ experience within the FMCG industry
- 5 Years’ experience in management accounting
- Financial Reporting experience
- Costing experience
Main Responsibilities:
Cost Management and Financial Analysis:
- Provide tools to measure costs and analyze financial information to identify opportunities for cost reduction and revenue enhancement
- Deliver regular and detailed feedback to managers on financial results, including KPI reports generated through Jet reports
Monthly Financial Reporting:
- Prepare and submit the Monthly Pack by the 15th of the following month, including Income Statements, Balance Sheets, Cash Flow Statements, and Cost to Serve reports
- Generate other management reports as required, ensuring accuracy and relevance.
Month-End Processes:
- Process month-end journals accurately and in a timely manner
- Analyze monthly results to identify anomalies, address errors, and prevent recurrence
- Assist with Balance Sheet reconciliations and VAT reconciliations
Financial Forecasting, Budgeting, and Statutory Compliance:
- Assist in the preparation and review of yearly budgets, rolling budgets, and 5-year financial forecasts
- Ensure compliance with statutory requirements, including VAT Act and deadlines for submission of returns and financial reports to Stats SA
Internal Controls and Audit Support:
- Assist in ensuring effective internal controls, including involvement in stock takes and ad hoc internal audit tasks
- Maintain audit files and assist auditors during external audits, implementing corrective measures as needed
Ad Hoc Projects and Cash Flow Management:
- Support finance-related tasks as required for ad hoc projects
- Compile month-end cash flow summaries for the Financial Director
Audit Preparation and Reporting:
- Ensure the timely preparation of an unqualified external audit report by 31 August and provide audit files to auditors by 1 May
- Maintain audit files on a monthly basis for the next year's audit, including balance sheet reconciliations, VAT reconciliations, loan reconciliations, and other necessary reconciliations
Desired Skills:
- Auditing
- Budgeting
- Cost Controlling
- Financial Analysis
- Financial Reporting
