Financial Manager, Johannesburg

An international engineering organisation  requires the expertise of a Financial professional for their local operations. The Financial manager will have responsibility and supervision of South Africa's administrative, accounting, controlling, treasury, tax and legal compliance and generally to give adequate support to the South African business, the group CFO and his team in the international headquarters.

Critical success factors for the position:

Key success factors for this position are defined as follows:

A detailed knowledge of the SAP informatics system

A recognised accounting qualification from a SA university

An understanding of the business and its processes

A clear understanding of taxation and other legislations and our compliance with them

The ability to meet accounting and other deadlines

A proactive approach to problem solving with the view of constantly looking for ways to improve systems and processes

Experience in environments which operate sophisticated informatics systems

A good knowledge of spread sheets for the management and manipulation of data

A working knowledge of computers

The ability to manage, develop and interact with personnel

Detailed duties and responsibilities

Statutory returns and reporting

Responsibility for the prompt submission of the following returns and payment of the associated taxes and levies.

Monthly VAT, PAYE, UIF, SDL returns.

Annual Income tax & STC returns.

Annual WCA return.

Quarterly wage statistics

Maintenance of the Companies statutory records in conjunction with Company Secretary

Management reporting, budgets and forecasting

Preparation of the monthly Management Accounts forms B1-B6

Preparation of operational managements accounts for the management of branch activities

Preparation of the Quarterly B1–B6 at company and consolidation level

Preparation of the annual budget reports B0, B1-B6 and assistance with budget presentation

Preparation of the annual sell in and sell out forecasts

Assistance with ad hoc forecast and reports as required from time to time

Preparation of quarterly reports for submission to BEE shareholder

Internal control

Management of the companies internal control systems to ensure.

All creditor reconciliations are duly checked and approved for payment.

All bank reconciliations are checked and approved on a monthly basis.

All critical general ledger account reconciliations are reviewed on a monthly basis.

All journal entries are reviewed and approved

Fixed assets are properly identified & accounted for in terms of the requirements of the Companies Act.

Preparation of accounting data

Management of the accounting personnel in order to ensure all data is accurately and promptly processed

Review of weekly and monthly costing data and variance reports

Control of all general ledger posting activities

Preparation of annual audit working papers in support of year end accounting balances

Preparation of BEE reporting data and reports

Manage the planning, preparation of data for and the relationship with the external auditors.

Information technology

Ownership of SAP FICOS module

Ownership of the Business Objects reporting module

Ownership of the BOARD budgeting and forecasting module

Management of accounting projects as directed by the head office

Liaising with IT call center regarding SAP and related computer software problems

Day to day business management and treasury functions

Review of daily cash flows to ensure overdraft expenses are minimised and on call balances are maximised

Management of credit control function in terms of the responsibilities defined for the credit controller

Approval of all new credit account applications

Management of credit release functions

Preparation of monthly cash flow reports

Liaison with Bankers in order to ensure cash investment returns are maximised in accordance with company cash flow requirements

Review of branch expenditure on a monthly basis in order to ensure variable monthly expenses are properly controlled in relation to budget

Review of operating margins at product level in order to ensure margins are being maintained and costing errors are highlighted

General

Assist with IT software support function

Assist with quarterly and annual stock counts

Undertake business related projects as required from time to time

Human resources

Management of your accounts department personnel to ensure

- Data is promptly and accurately processed

- Internal control policies and procedures are maintained

- Staff members are properly motivated for better staff performance

- Create, implement and manage annual personal and skills development plans for your team

- Set annual performance measurement criteria for individuals in your team and manage expectations accordingly

Key Performance Areas

Establish procedures and systems in order to ensure our Head Office reporting requirements are met on a consistent basis

Set up inter company information reporting systems which highlights changing sales trends, movements in margins and cost over runs

Review systems to streamline work flows

Maintain a skilled and motivated work environment for accounting personnel

Qualifications

• BCom Honours/CA/MBA
• Minimum 4 to 5 years experience in an FMCG environment