15 Mar '19
Financial Manager

Finance, Gauteng JHB - Eastern Suburbs

R R800 000 - R R800000 Annually

A Large Engineering Company Based in Germiston is seeking to appoint a Financial Manager to join the team

  • PURPOSE OF POSITION
  • This position is responsible for corporate accounting and internal reporting for our clients  Thermal and subsidiaries/investment in associates.
  • RESPONSIBILITIES

  •  Management
  •  Maintain a documented system of accounting policies and procedures
  •  Oversee the operations of the company’s treasury, including the design of an organizational structure adequate for achieving the department's goals and objectives
  •  Manage Finance Department staff members.

    Funds Management

  • Forecast cash flow positions, related borrowing needs, and available funds for investment
  • Ensure that enough funds are available to meet ongoing operational and capital investment requirements
  • Maintain banking relationships
  • Recommend appropriate dividend issuances, based on historical dividend patterns and expected cash flows
  • Budgeting

  • Prepare the company's budget and business plans
  • Report to the Financial Director on variances from the established budget, and the reasons for those variances
  • Financial Analysis

  • Engage in ongoing cost reduction analyses in all areas of the company
  • Engage in benchmarking studies to establish areas of potential operational improvement
  • Interpret the company's financial results to management and recommend improvement activities
  • Review company bottlenecks and recommend changes to improve the overall level of company throughout
  • Compile key business metrics and report on them to management
  • Manage the capital budgeting process, based on constraint analysis and discounted cash flow analysis
  • Create additional analyses and reports as requested by management
  • Review monthly intercompany data before reporting to Head Office.
  • Review and analyse monthly financial data before reporting to Head office.
  • Attend all monthly project review meetings.
  • Attend monthly telephone calls with Financial Director and Head Office representatives.
  • Prepare debtors’ age analysis, allocation of debtors’ payment, collection of debts and compliance with the debtors
  • Ensure monthly and yearly deadlines are met and comply with applicable accounting standards
  • Review balance sheet reconciliations (Bank reconciliation, general ledger’s recon and creditor’s recon).
  • Build relationships with clients through effective communication and stakeholder management
  • Prepare Annual Financial Statement via Caseware
  • Ensure compliance with IFRS and relevant statutory and group requirements
  • Ensure that reports are accurate, complete and reflect financial performance and position of the unit accurately
  • Prepare monthly tax computations
  • Prepare VAT. EMP201, IT14, Dividend tax, Provisional Tax and ensure compliance with SARS. Handle SARS audits
  • Coordinate external and internal audits.
  • Engage with External Auditors to resolve reporting queries.
  • BBB-EE:

  • Prepare and analyse monthly BBB-EE report for management.
  • Liaise with other Departments to ensure that BBB-EE data is accurate and reasonable.
  • Assist Financial Director with preparing and executing BBB-EE.
  • Additional Accountabilities:

  • Oversee the extension of credit to customers.
  • Approve payments to suppliers and salaries.
  • Assist Management Accountant with monthly reporting to Head Office.
  • Administration of the company Trusts.
  • Approve payments via FNB online.
  • Assist Financial Director with Compliance functions
  • JOB REQUIREMENTS

  • EDUCATION
  • University Honours Degree/B-Tech in Accounting/Financial Management.
  • Preferably CA(SA)/CIMA qualification
  • TECHNICAL REQUIREMENTS

  • Word processing (MS Office)
  • SAP
  • Spreadsheets (MS Office)
  • E-mail (MS Office)
  • International Financial Reporting Standards (IFRS)
  • Caseware
  • South African Tax Laws
  • SKILLS

  • Strong work ethic
  • Outstanding communication skills
  • Aptitude for problem solving
  • Organisational proficiency
  • Adaptability and agility
  • Technological inclination
  • Analytical skills
  • Self-management
  • Compatibility for both independent and team work
  • EXPERIENCE

  • Have a minimum of three years’ experience as Finance Manager.
  • Require construction / engineering background.
  • VARIATION

  • As the organisation evolves in response to its changing environment, aspects of the job may also be affected. Therefore, this job description may be altered by management after taking into account the views of the job incumbent.

Ad Visible Until: 30 April 2019
Ref: JHB001022/JU

Vacancy Type: Permanent