Financial Manager
Watershed Consulting
- R85,000 - R95,000 per month
- Permanent Management position
- Epping Industrial
- Posted 24 Apr 2024 by Watershed Consulting
- Job 2565794 - Ref Pieter
About the position
Financial Manager Area: Epping, Cape Town Salary: R85000 to R95000 p/m depe4nding on qualifications and experience Position Summary Essential Duties and Responsibilities Requirements Skills and Abilities
Responsible for managing the Finance division and for implementing tactical initiatives to
support strategic decisions.
Desired Skills:
- Financial Reporting
- Financial
- Technical Accounting
- Financial Accounting
- Balance Sheet Review
- Internal Controls
- Group Accounting
- Financial compliance
- Financial Reporting Management
Desired Work Experience:
- 5 to 10 years
Desired Qualification Level:
- Masters
About The Employer:
Financial Manager
Area: Epping, Cape Town
Salary: R85000 to R95000 p/m depe4nding on qualifications and experience
Position Summary
Responsible for managing the Finance division and for implementing tactical initiatives to
support strategic decisions.
Essential Duties and Responsibilities
- Oversee and manage the financial operations.
- Contribute and participate in strategic and tactical processes in the business, including financial modelling to support new business development, and other strategic initiatives.
- Provide financial analysis and insights to management regarding the historic and forecast performance of the business, through the management accounting process.
- Maintain high quality financial disciplines and controls throughout the Group and ensure that measures to mitigate risk are effectively implemented.
- Develop and maintain systems, policies and procedures necessary to ensure effective and efficient financial management of the Group.
- Coordinate and facilitate governance and compliance across the company in accordance with industry frameworks in order to monitor and mitigate financial and other risk.
- Preparation of financial and management reports on a monthly basis and ensure the financial results of the business are complete, accurate and timeously recorded in accordance with applicable accounting standards, relevant legislation and Company guidelines.
- Manage the external Audit and oversee the preparation of the annual financial statements.
- To ensure that financial and reporting obligations of the Factoring House, regarding customers are met timeously and accurately on a weekly and monthly basis.
- Ensure a sustainable working capital position by applying systematic cash flow forecasting, rigorous cash flow management metrics.
- Oversight of the debtor process and ensure that the relevant processes are adapted depending on the nature of the customer's profile.
- Oversee and review creditors reconciliations.
- Approve and release of daily COD payments.
- To continuously identify and implement improvements regarding processes and reporting.
- Custodian of profitability and efficiency through oversight of inventory.
- Overseeing annual stock take and calculating the provision for obsolescence.
- Superuser of ERP system, includes working with consultants to continuously improve and customise the system, as well as support users with any issue they might experience or identify.
- Facilitate and finalising of the Annual BBEEE audit.
- Preparing of all Provisional tax and Income tax as well as Dividend Withholding tax calculations/returns.
- Solving of tax queries from the South African Revenue Services.
- Oversee the customs RLA system in conjunction with the clearing agent in respect of the rebate store.
- Perform VAT reconciliations.
- Oversee vendor and application process.
- Oversee credit approval process.
Requirements
- Essential: Relevant tertiary qualification and CA (SA)
- Minimum 5- 8 years' experience in a manufacturing/FMCG environment with a financial leadership role
- Managing a medium size finance team.
- Demonstrated and proven track record of implementing and improving accounting systems, processes, management information and financial reporting.
- Knowledge and experience in all areas of financial planning, budgeting, analysis and overall financial management.
Skills and Abilities
- Proven and sound financial and risk management skills
- Ability to lead and manage change
- Exceptional problem-solving ability
- Ability to communicate, present and influence at all levels of the organisation, including management and executive level
- Advanced skill in Microsoft Office, especially MS Excel.
- Acumatica (ERP) experience and knowledge - advantageous
- Results driven and able to meet deadlines in a fast-paced work environment
- Ability to perform under pressure
- Preference will be given to AA applicants