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Financial Accounting Manager

4 weeks ago

City of Tshwane Metropolitan Municipality, South Africa Boikago Group Full time

A well known vehicles producer based in Pretoria is looking for a Financial Accounting Manager who is a self-starter with strong financial acumen and a passion for driving results. You will oversee a dynamic team of six, leveraging support from a shared services center to ensure the seamless execution of key finance functions. Your role will encompass managing supplier payments, accounts receivables, financial reporting, and compliance while optimizing accounting systems and driving process improvements. You will work closely with senior stakeholders, external auditors, and cross-functional teams to enhance financial controls, reporting accuracy, and operational efficiency. This role offers significant exposure to strategic decision-making and process transformation, making it an excellent opportunity for career growth and leadership development.

Key responsibilities includes:

Working capital management

Ensure Supplier Payments are made timely and accurately.

Managing accounts receivables collections and ageing processes.

Review operations metrics regularly with center of excellence and providing solutions or seeking guidance on how to resolve any issued identified.

Providing support and recommendation on correct accounting for inventory, receivables and payables system transactions

Ensure adequate reserves were maintained for doubtful receivables & debit balances. Review the balances prior to each quarter close

Intercompany accounting resolving any intercompany mismatch balances identified within intercompany balances prior to each month / quarter-close.

Centre of Excellence review Review SLAs annually and provide feedback on areas for improvement

South Africa Business Owner responsibilities for Accounting Systems (EuroVAC, GAPS etc)

Management and clearance of systems suspense transactions and reconciliation to ledger accounts

Financial Reporting:

Leading the preparation of accurate and timely financial statements (monthly, quarterly, annual) in accordance with Companys Act and IFRS.

Overseeing the companys month-end and year-end close process, including journal entries, reconciliations, and accruals. Ensuring compliance with Finance Manuals and public accounting standards and regulations (US GAAP, Companys Act, IFRS).

Analyzing monthly, quarterly and annual financial data to identify trends, variances, and potential risks, unusual risks and potential errors within the numbers.

Producing comprehensive financial reports for senior management and stakeholders.

Coordinate with external auditors during the audit process and ensuring all required evidence is produced., providing necessary documentation and explanations.

Assuming ownership over management of ledger systems (SAP) and supporting with the launch of new iERP SAP modules in 2025 and 2026.

Supporting other finance teams, business and legal team with Accounting guidance on complex accounting transactions requiring Companys Act and IFRS knowledge.

Quarterly corporate reviews substantiating reasons for balance sheet receivable and payables movements within quarter end deadlines

Supporting with corporate quarterly contingent liability reporting

Managing debtors cashflow allocations and lending arrangement between Credit and companyand ensuring correctly accounted for.

Control environment:

Managing on time completion of SOX testing allocated to Accounting team

Periodic review of own processes and raising Internal Control deficiencies where insufficient controls exist and ensuring successful closure, implementation and monitoring

Driving on time OIC implementation and planning

QUALIFICATIONS & EXPERIENCE REQUIRED

Knowledge of US GAAP, Companys Act of 2008 and International Financial Reporting Standards (IFRS)

Must have completed articles from the Big 4 (Auditing firms)

Understanding of how Accounting iERP systems and ledgers work

Prior experience on preparation of Annual Financial Statements and management of working capital

Prior SAICA articles (Big 4 auditing firms) experience with minimum two years post articles experience

BCOM Honors in Accounting plus a qualified Chartered Accountant CA(SA) with SAICA