Financial Manager (Cost/Management Accounting)

About the position

Financial Manager - Germiston plant of a large national manufacturing concern.

Minimum Requirements

• Bachelor's Degree in Accounting (NQF 7)
• CIMA registration advantageous
• 5 years' experience accounting experience within the manufacturing industry

Overview of duties

MANAGEMENT ACCOUNTING

• Manage and control financials of businesses.
• Ensure that all financial systems and structures are in place within each business to ensure compliance and measure efficiencies and business performance
• Set financial targets achieved.
• Accountable for the completeness of financial records on a monthly basis.
• Maintain financial integrity of company accounts and ensure that they meet IFRS requirements.
• Financial systems and structures designed and implemented.
• Compliance with applicable standards and regulations.
• Accuracy and completeness of financial records and administration.
• Confidentiality, integrity, IFRS requirements met.

FINANCIAL REPORTING

• Compile and submit annual Income Statement & Balance Sheet and monthly forecasts in collaboration with business areas.
• Compile the weekly Dash.
• Compile the monthly Flash.
• Analyse financial statements (actual vs budget vs forecast) per division and provide feedback as well as determine appliable actions plans to rectify variances.
• Prepare a monthly financial pack.
• Conduct General Ledger reconciliations and ensure that there is monthly sign-off.
• Financial administration completed within set timeframes and available.
• Financial statements and documentation completed and feedback provided to all applicable stakeholders.
• Financial packs completed in a timely manner.
• Approvals obtained.

STOCK COUNT

• Assist with preparation and attend monthly scanned stock count Outbound & Reverse Logistics.
• Conduct Cycle Counts Auto, Scrap, Ind & Labels twice monthly.
• Investigate variances and issue report on findings.
• Monthly scanned stock count prepared.
• Cycle counts performed.
• Variances investigated.
• Findings reported.

WAREHOUSE ANALYTICS

• Provide statistics on measures and analyse identified KPI's i.e. batteries picked, timing of rotations through wash bay / charging etc.
• Conduct benchmarking on Metrix between branches.
• Analyse overall inventory status and / or anomalies and identify inefficiencies in stock holding and / or reporting and ensure that action plans are put in place where applicable.
• Statistics on warehouse analytics.
• Inventory status analysed.
• Inefficiencies in stock analysed and reported.
• Action planning conducted and in place.

COMPLIANCE

• Operates within controls and procedures in order to ensure the integrity of the company.
• Identifies and monitors risks within own department and area of responsibility.
• Assists in the maintenance of a risk register, report discrepancies or areas of concern to management.
• Ensures compliance with all relevant regulations and policy frameworks to prevent fruitless, wasteful and irregular expenditure.
• Compliance with applicable controls and procedures.
• Risks identified and monitored - risk register in place.
• Risks reported to Manager.
• Availability of documentation and records.
• Cost and expenditure monitored - waste minimized.

COST AND FINANCIAL CONTROL

• Contributes to the budget preparation process.
• Promotes and communicates the effective, efficient, economical and transparent use of financial and other resources.
• Monitors and controls expenditure against budget and ensures spending occurs within budgetary limits and the company financial guidelines, report deviations to direct Manager.
• Explores opportunities to control and reduce costs.
• Budget input provided and implementation successful.
• Cost saving initiatives presented and implemented.
• Waste prevented and expenditure minimized.

CUSTOMER SERVICE MANAGEMENT

• Maintains effective working relationships with customers (both internal and external) towards rendering highest quality of services.
• Represents the company in meetings with relevant stakeholders.
• Identifies and solves problems creatively whilst demonstrating a high level of integrity in line with the company's core values.
• Reports to Management on internal stakeholder related matters.
• Maintains relationships in accordance with policies, procedures and legal, as well as stakeholder management system requirements regulations.
• Problem resolution in a timely manner (comebacks minimized).
• Compliance with applicable legislation and regulations.
• SLA requirements upheld.

Desired Skills:

• management accounting
• manufacturing