Financial Controller

6 days ago

Durban, South Africa Hutech Head Office Full time

**Position: Financial Controller**Industry: Insurance**
**Sector: Insurance/IT**
**Location: KwaZulu-Natal**
**Salary: R 50,000 R 60,000 per month**Reporting: Operations Director, Truck Assist**
**Closing date: Friday, 11 March 2021**

**Job Purpose**:The Financial Controller will be responsible for the day-to-day accounting and financial management functions of the company. Monthly and annual financial reporting and VAT returns will be handled at Head Office. These functions will include preparing and maintaining accurate, up-to-date financial reports, ensuring compliance with accounting and tax principles and laws. Monitoring expenditure and preparing for and communicating with the auditors.

**Specific Responsibilities**:

- Quoting and invoicing to clients on installations/de-installations of camera units (ensuring that stock issued, parts, labour and materials are adequately accounted for).
- Attending to monthly invoices to clients for rental units.
- Ensuring that intragroup transactions are captured accurately and timeously and confirmed back to group accounts.
- Ensuring that supplier invoices have been captured within the correct period and VAT treatment, allocated to correct expense and stock accounts.
- Reconciling supplier statements to the companys financial records and following up on any discrepancies with suppliers.
- Loading payments to suppliers for services and goods received within the payment terms set by suppliers.
- Attend to the full credit control function, including sending out statements and contacting clients for payment.
- Correctly allocate receipts to invoices paid by customers, ensuring that ageing is accurate and consistent with the customers view of the account.
- Arrange and oversee stock counts, ensuring that stock on hand balance to the inventory accounts on the accounting system, to be done at least monthly or more regular if requested by management.
- Management of Inventory, including but not limited to;
- Attending to MOQ management; including ordering of new stock.
- Be cognisant of rate of exchange changes and the impact on stock pricing.
- Load forex payments for imported inventory.
- Check import, excise, and forex transactions for accuracy.
- Maintaining of price lists, margin management.
- Implementing of stock management processes and controls.
- Consignment stock management, including processes, invoicing, and implementing controls.
- Reporting, including but not limited to;
- Submission of the Monthly Management Reports (income Statement and Balance Sheet), reporting on actual versus budget.
- Timeous submission of the trial Balance to the group finance function.
- Produce daily Age Analysis on production.
- Manage consignment stock reports.
- Oversee and report on cashflow.
- Weekly processing of all e-wallet cards, confirming valid documentation is provided and allocated correctly.
- Reconciliation of the periodic VAT liability, submission of VAT returns, follow-up on SARS queries and ensuring that the SARS statement of account balances to the companys records.
- Where applicable follow-up to collect net input VAT claims from SARS.
- Budgeting and projections.
- Prepare for the audit and liaise with auditors on all matters pertaining to company audits.
- Oversee, manage staff members (Debtors Clerk and Stock Controller), which will include training and development.
- Review own work for accuracy.
- Respond to queries from management and group finance in an accurate and prompt manner.

**Qualifications**:
To perform this job successfully an individual must be able to perform each essential duty in a diligent and accurate manner. The requirements listed below are representative of the knowledge, skill and/or ability required:

- BCom degree with at least 5 years accounting/finance experience of similar responsibility and have a sound knowledge of accounting fundamentals.
- Must be proficient in accounting software (Sage Accounting and Pastel Evolution), including stock modules.
- Must be computer literate (MS Office, Excel, Outlook, and Word).
- Must have the ability to work under pressure and meet deadlines.
- Must be organized, analytical, accurate and have good attention to detail.
- Must have excellent communication skills (verbal and written).
- Must have problem solving skills and able to deal with conflict.
- Must have a helpful and positive attitude with a service orientated mindset.

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