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Finance Manager: Business Unit

1 month ago

Durban, South Africa Cortez Executive Search (Pty) Ltd Full time
FINANCE MANAGER

PURPOSE OF THE JOB

To manage the financial and administrative functions for the Business Unit in line with Divisional objectives.

KEY PERFORMANCE AREAS

Financial Strategy:

  • Participate in organisational strategy management from a financial management perspective.

General Financial Management:

  • Provide financial analysis and support to management and all operational areas of the business.

Internal Control:

  • Compile and update the risk register.
  • Manage and comply with internal controls.

Budgets/Forecasts:

Budgets:

  • Prepare operational budgets.

Forecasts:

  • Review all forecasts.

Financial Reporting:

Financial Pack:

  • Review the monthly Business Unit financial pack and identify variances.
  • Prepare financial reports and returns (Monthly BU/Plant Financial Pack).

Flash Results:

  • Review the automotive division flash results and action variances.
  • Compile the BU/Plant flash results and analyse variances.

CAPEX:

  • Analyse the Divisional capex reports and review the BU/Plant capex reports.

Weekly Sales Report:

  • Review weekly sales reports.

General:

  • Participate and provide relevant information for board meetings and Divisional monthly or bi-monthly meetings.
  • Comply with IFRS.

General Ledger:

  • Review balance sheet account reconciliations.
  • Review and authorise Journal entries.

Audits and year-end processes:

  • Prepare and plan year-end statutory audit (external and internal) in line with the consolidated audit plan.
  • Prepare and review year-end reporting accounting and Tax Packs.
  • Follow up and action audit findings.
  • Prepare and update corp tax schedules.

Banking:

  • Manage banking systems (users, passwords, profiles, etc.).
  • Approve all new creditors (local and foreign).
  • Release weekly bank transfers (creditors and wages).

Cash Management:

  • Source financing to meet budgeted cash-flow requirements.
  • Monitor daily cash positions and cash flows to ensure settlement and maximise performance.
  • Manage cash flow and working capital.

Forex:

  • Manage Forex risk.
  • Manage the purchase Foreign Exchange Contracts (FEC''s).
  • Review Forex Forecasts.
  • Authorise foreign payments.

Costing:

  • Make recommendations for the financial recovery on distressed parts.
  • Calculate and propose price increases (per Customer for Sales Dept).
  • Negotiate and agree price increases with major customers.
    • Manage costing department ensuring BOM accuracy and related variances (MUV, PPVs, stock variances).

CAPEX:

  • Perform project appraisals and valuations.
  • Review CAPEX spend.

Fixed Assets:

  • Reassess useful life and residual value of fixed assets.

Statutory Returns:

  • Ensure compliance with the general tax provisions.
  • Review statutory returns (VAT, PAYE, SDL, UIF, WCA).
  • Prepare and submit Government Incentive Applications.

Stock Control:

  • Manage stock holdings.

Insurance:

  • Prepare and submit Insurance Declarations.
  • File claims for losses.

Creditors:

  • Review and authorise Creditors payments.

Debtors:

  • Calculate the repayment ability and assess the credit risk of potential clients.
  • Manage Credit Risk (insure Debtors Book, etc.).
  • Review tooling account.

Continuous Improvement:

  • To be the custodian of the CI (Continuous Improvement) database and CI Standards of accounting.

Reporting:

  • Analyse and interpret finance reports and statistical data.
  • Prepare financial reports and returns.
  • Generate information and reports for internal and external use.

QUALIFICATIONS

  • BCom/ Business Administration Degree
  • CIMA

COMPETENCIES:

Knowledge

  • Functional Knowledge
  • Business Expertise
  • Leadership
  • Problem Solving
  • Interpersonal Skills

Skills

  • MS Office
  • Technical Report Writing
  • Closing skills
  • Motivation for sales
  • Prospecting skills
  • Sales planning
  • Selling to customers needs
  • Territory management
  • Market knowledge
  • Presentation skills
  • Energy level
  • Meeting sales goals
  • Professionalism
Please Note:Should you not be contacted within 2 weeks, consider your application unsuccessful

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