Purpose of the Job

The financial manager is required to carry out and manage the full financial function including reconciliations at month end, preparations of financial statements, management packs, budgeting, financial forecasting, oversee Debtors and Creditors function as well as work closely with supply chain and inventory control processes and provide a costing analysis of the various processes.

Education and Experience required

BCom Accounting or equivalent - CA (SA) advantageous
10 Years Accounting experience
5 Years Management experience
Computer literacy: strong proficiency in Microsoft Excel including advanced functions and formulas

Competencies required

Strategic planning
Business acumen
Management and organizational skills
Financial/professional knowledge and skills
Strong decision making ability and the ability to meet deadlines

Key Performance Areas

Financial Function
Preparation of financial statements
Reconciliations of control accounts and general ledger accounts
Prepare and coordinate year-end audits

Management Accounts
Ensure that month end journals are captured
Ensure that all transactions are captured to provide correct accounts
Ensure that all provisions and adjustments have been made timeously and correctly
Issue management reports e.g., productivity report, price of raw material fluctuations, distributions cost variance

Budgeting and Planning
Discuss income, expenses, and cost drivers with departmental managers
Collate information and compile in required format
Ensure that expenditure is within range as % of sales
Ensure that GP% is within the set range
Calculate the impact on GP and EBITDA of changes in price or process

Process and manage VAT and other tax functions
Process VAT statement from Navision
Ensure correct allocation of capital inputs and outputs
Ensure correct submission of VAT201
Calculate the budgeted taxable income for provisional tax purposes
Communicate with auditors to ensure correct completion and timeous payment of provisional tax
Budget and plan for VAT payments on imports

Costing of Departments and Projects
Review B.O.M.’s to ensure correctness
Collect data and analyse costs
Assist Production in calculating production costs
Analyse process and price variances
Review waste and scrap figures
Monitor production lines in relation to waste
Assist Distribution in calculating distribution costs

Staff Management and Training
Oversee and lead the finance team members in efficient completion of tasks
Set performance goals and conduct performance evaluations
Lead and cultivate a high-performing team by identifying opportunities for training and development initiatives, fostering professional growth and skill enhancement amongst staff members