Financial Controller

4 days ago


Umhlanga, South Africa iKhokha Full time

Company Description

iKhokha is one of the fastest-growing fintech companies in Africa. As you'd expect, our pace is fast-moving and ever-changing. We like it that way.
Our office is a high performance environment where we push each other to challenge the status quo. If that doesn’t appeal to you, you probably shouldn’t work here.

**Job Description**:
We’re looking to add more fire power to our Finance team and we’re searching for a methodical and experienced Financial Controller to join our iKTribe.

If you’ve led a financial ops team in a group services or COE model and have a knack for implementing improved processes, then you are the person we are looking for.

**So, what will you do?**

You will be responsible to oversee the Finance Operations function (Debtors, Creditors, Payroll, Cash Book & Recon).

You will be responsible to ensure that financial information is generated accurately, timeously and in compliance with all external and internal reporting requirements.

**The deal breakers**:

- 5 - 10 years’ experience in financial controller / head of financial shared services / financial manager role
- Experience in the fintech, financial services or retail industries would be beneficial

**Additional Skills and Experience**:

- ** Expert knowledge of MS Dynamics 365, preferably Business Central**:

- Expert knowledge of best practice regarding month-end / year-end close processes
- Expert knowledge of best practice regarding systems of internal control
- Expert knowledge of relevant accounting & auditing standards (IFRS, IAS, ISA etc.)
- Strong knowledge of SA tax legislation and SARS reporting requirements (bolstered by 3rd party assistance where necessary)
- Expert MS Excel skills

**Business Understanding**:

- Expert experience in managing a finance operations teaM/Finance shared services function
- Expert experience in working with 3rd party debtors & creditors to achieve healthy working capital management
- Expert experience in internal/external audit management

**What would you be responsible for?**
- Efficient management of the company’s month-end / year-end close process:

- Maintenance of month-end / year-end close checklist.
- Manage output of Debtors, Creditors, Payroll Managers & Accountant to ensure that all month end / year-end close tasks are completed timeously.
- Manage continuous improvement in month-end / year-end business processes to improve time-to-close and decrease cost per financial transaction in the long term.

Enforcing compliance with the company’s system of internal controls and implementation of improvements thereto:

- Regular monitoring of internal controls and escalation of any instances of non-compliance to CFO

Regular review of outputs and exceptions arising from NB reconciliation processes performed by **Debtors,** including but not limited to:

- Review of iKhokha-generated monthly transaction billing to merchants
- Review of iKhokha-generated daily hardware billing to merchants / other large debtors (i.e., Massmart Group, uSave, Boxer, Retail Capital, etc.)
- Review of iKhokha-generated monthly debit order billing for paid merchant software licenses
- Review of iKhokha-generated monthly prepaid/VAS billing
- Review of monthly 3rd party cash advance commission reporting and related billing

Regular review of outputs and exceptions arising from NB reconciliation processes performed by **Creditors,** including but not limited to:

- Review of open Purchase Orders
- Review of unmatched / unreconciled payments
- Review of accrual listings
- Review of profit share reporting for iKhokha resellers / other partners
- Review and approval of new vendors onboarded
- Review and approval of overall asset register (i.e., additions, disposals, etc.)
- Review of other creditor-related reconciliation

Regular review of outputs and exceptions arising from NB reconciliation processes performed by **Payroll**, including but not limited to:

- Monthly payroll
- Sales commission reports
- Expense claims processed by employees
- Capitalisation of developer salaries to intangible assets

Support the Logistics Manager in investigating variances identified during month end / year end stock count process.

Ensuring compliance with all statutory reporting requirements (i.e., year-end audit, SARS submissions, etc.):

- Full management of the year-end statutory audit (planning, tests of internal controls, substantive audit procedures, liaising with auditors, etc.) in consultation with CFO
- Generation and review of all audit deliverables (Cognos submissions 1,2, 3 & 4, tax calculations, etc.) for final CFO & audit partner sign-off
- Generation and review of AFS for final CFO & audit partner sign-off
- Review of all tax returns submitted to SARS (Income Tax, VAT, PAYE, etc.)
- Developing and executing the company’s B-BBEE strategy with the support of the CFO and 3rd party advisors
- Ensuring timeous EE & WSP reporting on an annual basis
- Review of annual CIPC submission



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