Finance Manager
2 weeks ago
To manage the financial and administrative functions for the Business Unit in line with Divisional objectives.
POSITION INFO : 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
- Participate in organisational strategy management from a financial management perspective.
- 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 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
- 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.
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, PPV's, stock variances).
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.
Creditors
- Review and authorise Creditors payments.
Debtors
- Calculate the repayment ability and assess the credit risk of potential clients.
- Review tooling account.
- 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
- Motivation for sales
- Selling to customer's needs
- Territory management
- Market knowledge
- Professionalism
Please Note : Should you not be contacted within 2 weeks, consider your application unsuccessful.
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