Financial Manager

3 weeks ago

Midrand, South Africa Adzuna ZA B C2 Full time
Join my client as their Financial Manager, where you'll lead financial reporting, operations, and governance to ensure their financial health and regulatory compliance.

This role is based in Midrand.

Key Responsibilities:
  • Financial Reporting:
    • Supervise the Creditors team to ensure the timely and accurate processing of costs, including reconciling accounts, addressing queries, and handling invoices and credit notes.
    • Verify invoices against purchase orders and goods received, resolving discrepancies through coordination with suppliers or internal buyers.
    • Manage payment processes, including preparing requisitions, loading transactions, drafting schedules, and capturing various bank transactions, including foreign exchange, petty cash, and credit cards.
    • Oversee vendor creation, ensuring all necessary documentation is provided and accurate.
    • Prepare and review monthly balance sheet reconciliations, covering areas such as payroll, credit cards, work-in-progress (WIP), and project accounting.
    • Ensure precise management and accounting of foreign exchange transactions.
    • Reconcile the debtors' ledger to the general ledger, managing inter-company accounts and ensuring accurate records.
    • Regularly monitor and follow up on outstanding debtor balances.
    • Record manual journals as required and requested.
    • Process monthly depreciation and maintain the fixed assets register.
    • Collaborate with the Stores team to ensure accurate goods received processing.
    • Oversee inventory control processes, ensuring stock levels are accurately reflected in financial statements.
    • Accurately account for expenses and income in the appropriate ledgers.
    • Process monthly accruals, and maintain both the balance sheet and income statement, preparing monthly reconciliations and analyses.
    • Manage monthly VAT and payroll accounting, including tax filing.
  • Financial Operations:
    • Generate and issue customer invoices, credit notes, and account statements promptly and accurately.
    • Support cash flow forecasting and manage banking facilities and related payment processes.
    • Ensure the timely filing of VAT returns and payroll taxes.
    • Oversee the CAPEX process, ensuring adherence to company procedures.
    • Prepare and submit statutory returns as needed.
  • Governance and Controls:
    • Maintain accurate and organized records of all source documents to meet financial and audit standards.
    • Lead the financial year-end audit process, liaising with auditors to ensure efficient and effective audits, and address any audit requests.
    • Prepare necessary reports, calculations, and documentation for audits, including those conducted by SARS.
    • Develop and uphold compliance with group, entity, and regulatory policies and procedures, ensuring alignment with best practices.

Qualifications and Experience Needed:
  • BCom Degree in Finance.
  • CIMA designation is preferred.
  • 7 years proven experience in a manufacturing or construction environment.
  • Strong analytical skills and attention to detail.
  • Excellent leadership and communication abilities.
  • Familiarity with financial accounting systems and proficiency in using relevant software.

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