Financial Controller

2 months ago

Johannesburg, South Africa Network Recruitment Full time
Duties:
  • Ensures that each section of the Finance Department is managed efficiently, maximising utilisation of technology.
  • Implements all necessary control to safeguard the assets of the company and to maintain records for the fixed assets, operating equipment, supplies and inventories.
  • Keeps and safeguards all contracts, leases, insurance policies and all legal and financial documents.
  • Examines and approves daily manual and computer records.
  • Ensures all travel agents commissions are paid promptly.
  • Spot checks the prescribed foreign exchange transactions procedures are correctly adhered to.
  • Examines daily costing reports.
  • Examines and approves all payroll hiring, status changes and terminations.
  • Ascertains that all taxes, contributions, licenses, interest and management fee are paid when due.
  • Arranges monthly section meetings for operation review.
  • Ensures that all keys control and issuance procedures are correctly applied and adhered to.
  • Recommends to the area office improvements in accounting and internal controls.
  • Reviews and ensures proper procedures and control of purchasing, receiving, storing and requisitioning functions, i.e. Materials Management functions.
  • Financial:
    • Ensures that the Department's operational budget is strictly adhered to, that all costs are controlled, and expenditure is properly approved.
    • Ensures that all company and local rules, policies and regulations relating to financial record keeping, money handling and licensing are adhered to, including the timely and accurate reporting of financial information.
    • Compiles, in conjunction with the General Manager and Department Heads, all budget and forecasts relating to all activities of the company and the maintenance of all budget control procedures.
    • Implements local accounting procedures ensuring compliance with the local government regulations, after approval from the area/corporate offices.
    • Supervises, scrutinises and approves monthly journal entries, balance sheets and income statements.
    • Prepares and interprets the financial statements and reports for the company.
    • Audits the accounts, records and transactions of the company, aided by the ongoing efforts to streamline internal control procedures.
    • Reviews the monthly bank reconciliation statements.
    • Scrutinises the monthly financial reports, to investigate unusual variations and to prepare comments to be attached to the report.
    • Verifies the prepaid expenses, ensuring deferred charges are up-to-date and in agreement with the books.
    • Administers and controls cash management which includes investing in time deposits in banks approved by area office and the owning company, as well as obtaining other banking facilities whenever necessary.
    • Understands the company's tax obligations, using the assistance of locally appointed auditors or tax experts.
    • Assists the General Manager and Heads of Department in the compilation of forecasts covering all activities of the company.
    • Maximises employee productivity using multi-skilling, multi-tasking and flexible scheduling to meet the financial goals of the business as well as the expectations of the guests.
    • Focuses attention on improving productivity levels and the need to prudently manage utility/payroll costs within acceptable guidelines ensuring optimum deployment and energy efficiency of all equipment.
    • Ensures new technology and equipment are embraced, improving productivity whilst taking work out of the system.

Job Experience & Skills Required:
  • Bachelors Degree in accounting or similar
  • 3 6 years experience in financial control

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