Finance Manager

2 months ago

KwaDukuza, South Africa HR Genie Full time

Our client is seeking a Finance Manager who will direct the financial operations of the company on behalf of the shareholders towards becoming a cost effective profitable organisation.

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.

  • 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.

  • 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.

  • 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 year.

  • 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.

  • Administration of bank guarantees/bonds.

  • Interact with external auditors and ensure that annual external audits are performed and that audited annual financial statements are submitted timeously.

Skills:

  • Computer literate Google suites and JD Edward compulsory.

  • Financial organisation skills.

  • Proactive team leader and organisational skills.

Qualifications:

  • BCom/ BAccSci/ BCompt (Accounting) plus honours preferable.

  • Professional qualification (CIMA, ACCA, MBA or CA(SA).

  • At least 5-7 years experience as a Finance Manager or Senior in Finance.

  • Experience in systems implementation.

  • Should be prepared to travel.

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