Financial Manager

About the position

FMCG concern is seeking a Financial Manager to join their finance team. The purpose for this role is to oversee the financial health of the organisation by creating and analysing financial reports; developing and implementing financial strategies, and managing investments. Ensures that the financial goals are aligned to the overall organisational goals and objectives and ensure compliance with financial regulations and laws and managing risk.
Responsibilities:

• Manage all financial recording and reporting in accordance with standard accounting practices.
• Ensure all accounts are provided timeously and accurately and make necessary improvements to processes and policies.
• Ensure good governance of financial practices within the organisation to meet all regulatory requirements.
• Ensure SARS submissions are done timeously.
• Prepare and maintain budgets within required timeframes.
• Manage annual audit processes and address audit findings.
• Manage the availability of cash for working capital purposes
• Monitor loan covenants and requirements.
• Ensure payroll is processed in line with company and regulatory requirements.
• Create and maintain a high performing team culture.
• Prepare Annual Financial Statements with notes.
• Review, create and maintain financial policies and procedures to meet the regulatory requirements.
• Implement and ensure compliance to all financial policies and procedures by monitoring and auditing internal practices.
• Analyse changes to legislation on regulation to investigate the impact on the organization and implement any legislation affecting COMPANY if required.
• Ensure SARS submission done timeously, no interest or penalties incurred.
• Set and communicate budget instructions and timelines to line managers.
• Circulate templates, training and discussion with line manages.
• Preparation of presentation of budgets to obtain (board) approval.
• Ensure fund availability for salaries and wages.
• Complete bank account uploads and reconciliations within required timeframes.
• Complete cash flow forecast timeously.
• Ensure optimal use of loans.
• Manage the relationships with External and internal stakeholder (banks, lenders and internal) to ensure approval of new applications or extension.
• Review payroll payments, deductions, and taxes.
• Ensure payments to employees and to SARS made timeously.
• Monitor team performance on ongoing basis through mentoring, coaching and reviews according to agreed timeframes and take appropriate steps to correct problems.
• Track & drive individual development plans for team members.
• Conduct regular individual performance [URL Removed] two-way communication (engagement) with staff on all general matters such as principles of excellence, team building.

Requirements:

• Have 5-10 years financial management experience
• Be in possession of a relevant 3–4-year tertiary qualification
• Be financially literate and astute
• Have an in-depth knowledge of the accounting principles, including International Financial Reporting Standards and management

Please note that only shortlisted candidates will be contacted 

Desired Skills:

• Financial Manager; Degrree
• IFRS
• Degree