Financial Controller
1 month ago
- B.Com or National Diploma in Financial Accounting.
- CIMA qualified strong preference.
- Minimum 3 to 5 years financial experience within Automotive Manufacturing environment.
Financial Strategy:
- General Financial Management:
- Provide financial analysis and support to Management and all operational areas.
- Monitor and support debtors and creditors.
- Maintain the fixed asset register.
- Control intercompany balancing.
- Review weekly payroll.
- Review and action financial (budget/forecast), and sheet account variances
- Ensure compliance with IFRS
- Maintain and review the risk register.
- Budgets/Forecasts:
- Participate in, and prepare budgets & forecasts process for plants.
- Prepare plant profit & loss and balance sheet forecasts.
- Financial Pack:
- Prepare financial reports and returns (monthly BU/plant financial pack).
- Flash results - compile the BU/Plant Flash Results and analyse variances.
- General Ledger:
- Prepare Provisions and Accruals.
- Compile Royalties schedule for month end processing.
- Prepare general ledger journals and reconciliations.
- Capex, Tooling & Fixed assets:
- Prepare and maintain a Capex and Tooling register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.
- Prepare Capex requisitions with information regarding the Capex project.
- Support useful life and residual value of Fixed Assets analysis.
- Maintain the BU/Plant Tooling Reports.
- Audits and Year-End Processes:
- Prepare and plan year-end Statutory Audit.
- Prepare and arrange royalty audits.
- Costing:
- Calculate landed cost on all import shipments.
- Prepare/review Declaration of Imported Components and Raw Materials.
- Investigate Purchase Price Variances (PPV).
- Generate variance report of Actuals to budgeted information.
- Stock Control:
- Compile daily stock holding report.
- Oversee stock takes and assist with investigating stock count variances.
- Cash / Debtors / Creditors Management:
- Oversee cash management function of the plant.
- Monitor daily cash positions and cash flows to ensure settlement and maximise performance.
- Manage cash flow and working capital for the plant.
- Review debtors age analysis, providing an analysis and action plans for debt collections
- Review creditor's age analysis and GRNI providing an analysis and action plans.
- Forex:
- Review Forex forecasts.
- Plant FEC contracts based on AP requirements.
- Continuous Improvement:
- Identify improvement opportunities and make recommendations for improvements.
- Participate in Continuous Improvement initiatives.
- Reporting:
- Prepare financial reports and returns.
- Generate information and reports for internal and external use.
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