Group Finance Manager
Abantu Staffing Solutions
- R Undisclosed
- Permanent Senior position
- East London
- Posted 19 Apr 2024 by Abantu Staffing Solutions
- Job 2557987
About the position
Purposes:
· Responsible for the management of our plants situated in East London, Durban and Pretoria.
· As the Finance Manager, the ideal candidate will work in close collaboration with EU Finance Director and will be responsible for overseeing the finance and accounting functions of the business.
· The Finance Manager will be accountable for financial planning, forecasting, budgeting, financial reporting, and analysis to provide the strategic insights necessary to guide the business decision-making process and contribute to profitability and growth
Main Areas of Responsibilities:
The Finance Manager is responsible, but not limited to the following:
GENERAL:
•Responsible for the timeliness and quality of the reporting
• Ensures proper analysis is provided in order to support the management team.
• Following corporate and divisional procedures and controls
• Following local accounting principles, rules and tax regulation (including BBBEE)
• Banking relationship
• Interaction with all departments in the company both locally and internationally
• Ad hoc requests as and when received.
• Policies and Procedure review
• AIS Grants
Position Specifications:
• STD costing
• Reporting: Capex DB, Rolling Forecast, Tooling reporting, Overdue reporting
• OS: Intercompany, Sales and Contribution
• Balance sheet reconciliation, Journal entries SOX reports and certificates
• Fixed assets (including supporting preparation of Screenings and Capex)
• Project management and tracking – [URL Removed] CM walk – CAP7
• Internal controls including BS reconciliations.
• Sales prices control
• Payroll review
• Support the development of Forecasts, Budget and MTP plan.
• Following corporate and divisional procedures and controls
• Month-end closing – manual journal preparation, accounting control
• Support other departments - Ensures proper analysis is provided to support the management team.
• Responsible for management of local finance department
• Hedging, currency management, cash forecasting
Daily and Monthly Tasks:
• Cashflow review and management
• Journal entry review
• Balance Sheet Recon reviews
• Payment release on the bank (local/foreign/payroll)
• Month end GL and account review
• Month end meeting analysis, commentary and reporting
• Short term forecast review
• Purchase order authorization
• Internal control/ General Control Framework/ Risk Management
• Payroll review
• BBBEE involvement
• VAT review
• Capex involvement
• Costing/Pricing changes reviewed
QUARTERLY TASKS:
• Financial review Questionnaire and other HO quarterly requirements
ANNUAL TASKS:
• Tax – Year end calculations, Transfer Pricing, Country-by-Country reporting
• AFS review
• Budget coordination, finalization and presentation
• Insurance
KNOWLEDGE & EXPERIENCE:
• CA (SA)
• Minimum 5 years in charge of a finance department of a manufacturing company with a national/global footprint.
• Highly Motivated Individual with a positive attitude and flexible approach to work.
• An understanding of regulatory and financial reporting regime and IFRS
• Proven track record of clean financial management and administration
• Financial Modelling Knowledge
• Excellent interpersonal skills with the ability/desire to work in a team
• Strong leadership skills: ability to effectively influence all levels of management +strong analytical and conceptual abilities
• Well-refined technical finance and strategic skills
• Corporate Finance experience advantageous
• Assist the organization with administrative, filling and other smaller support functions.
Desired Skills:
- Automotive
- Costing
- Managing Finances