Finance Manager

2 weeks ago

Durban, South Africa Stratogo Full time
Job Role: Finance Manager

Purpose of the Role:
To direct the financial operations of the company on behalf

Start date: Immediate

Qualification:
  • BCom/ BAccSci/ BCompt (Accounting) plus Honours preferable.
  • Professional qualification (CIMA, ACCA, MBA or CA(SA))
  • Computer literate Google suites and JD Edward compulsory
  • At least 5-7 years experience as a Finance Manager or Senior in Finance
  • Experience in systems implementation
  • Should be prepared to travel
  • Financial organisation skills
  • Proactive team leader and organisational skills
  • Critical Cross Field Outcomes:
  • Perform all duties to the latest ISO 14001 and 45001 requirements.
  • Function as part of a team.
  • Ensure total confidentiality of all information, internal and external, pertaining to the business, all its Employees and Management.
  • Perform all necessary computer functions.
  • Manage teams of people at work.
  • Communicate with clients in a professional manner.
  • Maintain discipline in the organisation to legal requirements & Company Policies & Procedures/
  • Employment Equity, Skills Development Act, Labour Relations Act and Basic Conditions of Employment Act
  • Perform Strategic Planning Functions

Responsibilities:
  • Direct the financial operation of the Company on behalf of the shareholders towards becoming a cost effective profitable organisation.
  • Manage and Control accounting department effectively and efficiently.
  • Authority
  • Endure that the Finance and administration department meets its objectives.
  • Sound financial management in terms of national and international accounting standards.
  • Ensure the Companys financial procedures and practices are according to Company and Group procedures and practices.
  • Duties
  • Plan, direct and coordinate overall financial activities for the operations.
  • Compile budgets for the company and perform financial forecasts as required by France.
  • Manage cash flows for the company
  • Check and study financial statements on a regular basis.
  • Revise and implement accounting department work procedures
  • Monitor and review accounting and financial data for completeness, accuracy and validity
  • Maintenance of fixed assets register;
  • Assist in formulation and implementation of business strategies
  • Expose fruitless and wasteful expenditure in order to improve profitability of the organisation
  • Review trial balance on monthly before reporting
  • Verify investments and capex decisions
  • Report back to Cluster CFO on progress and staff problems within Finance
  • Monitor all user departments throughout the organization and ensuring compliance with all relevant standards and statutory requirements, including SARS, GAAP/IFRS
  • Tax calculations
  • Ensure the Companys financial procedures and practices are according to Company and Group procedures and practices
  • Tax filing and obtaining the necessary tax certificates
  • Attend tax queries to and from Tax authorities
  • Ensure tax compliance and deadlines are met
  • Review of audit files in preparation of external and internal audits
  • Coordinate external audits and internal audits for the company
  • Draft statutory financial statements
  • Responsible for tax & cash flow forecasts, actual cash flow and explaining variances
  • Calculation of provisional, income and deferred taxation
  • Completing the SOX compliance questionnaire, ensure compliances and report non-compliance to CFO (internal audit)
  • Reporting monthly, quarterly and yearly reporting to Paris using internet based reporting tools
  • Complete VECTOR & XRT (treasury) packages, review the latter for;
  • Formulate, review internal policies and procedures
  • Authorise and purchase foreign exchange contracts (FEC)
  • Assist CFO with bonds & guarantees
  • Calculation of the Mark to Market of the open FEC
  • Set KPIs and targets for accounting staff
  • Coach and mentoring staff
  • Complete Stats SA questionnaire on a quarterly, half yearly and yearly
  • Review creditors payment reconciliation before payment
  • Monitoring the daily cash position of the company and invest excess funds to reduce the overdraft position
  • Authorise the BOP forms for incoming funds
  • Approve the change of supplier banking details
  • Calculation of the companies net financial result
  • Manage the relationships with the banks
  • Interact with financial institutions to ensure adequate facilities are available.
  • nn) Administration of bank guarantees/bonds.
  • oo) Interact with external auditors and ensure that annual external audits are performed and that
  • audited annual financial statements are submitted timeously.
  • Ensure that:
  • All monies are received and banked.
  • Proper accounting records are kept.
  • All statutory returns are rendered.
  • All payments are authorised correctly
  • Expenditure is controlled within agreed estimates.
  • Participate as a member of the management team.
  • Meet all requirements as laid down in the Companies Act and the Articles and Memorandum of
  • Association of the Company.
  • Communicate the Company vision and channel employees energies towards the achievement of that vision.
  • Comply with Employment Equity, BEE and Skills Development process
  • Serve as a company trustee for the companys workers trust
  • Serve as Public Officer for the company
  • Perform any duties as requested by the MD/ CFO

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