Financial Operations Specialist
1 week ago
This is a pivotal role that requires a proactive individual with a strong understanding of financial operations, compliance and management reporting. The successful candidate will play a vital role in maintaining accurate financial records, ensuring statutory compliance, and supporting decision-making processes with valuable financial insights.
Key Responsibilities- Management Accounts & Reporting: Assist in the preparation of management accounts, reconcile general ledger (GL) and balance sheet accounts, prepare and reconcile monthly financial and spend reports, conduct detailed variance analysis of management accounts against the budget for inclusion in monthly financial reports.
- Financial Processes & Controls: Ensure systems and internal controls are implemented and maintained effectively, manage the accounts payable process, ensure payments are made within company terms and conditions, adhere to and update financial policies and procedures regularly.
- Audit & Compliance: Assist in managing the annual audit process with external auditors, ensure compliance with statutory and regulatory financial requirements, drive continual improvement in management reporting and compliance processes.
- Customer and Staff Engagement: Professionally communicate with customers regarding financial matters, issue invoices within approved timelines and follow up on payments, provide financial advice to staff on operational activities.
- Strategic Contribution: Create savings opportunities and record all savings for reporting to the CEO, interpret and explain the organisation's financial position at all times, contribute to the development and enhancement of finance department policies and procedures.
An Accounting Diploma qualification is essential, along with 5 years of experience in finance and proven experience in a similar finance or administrative role. A strong knowledge of financial reporting, management accounts and internal controls is also required. Proficiency in Excel is necessary.
The estimated salary for this position is R550,000 - R650,000 per annum, based on industry standards for a Financial Administrator in Midrand.
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