Financial Director

4 weeks ago

Rustenburg, North-West, South Africa Bonafide Human Capital (Pty) Ltd Full time
Job Title: Finance Manager

Our client in the automotive industry is seeking a skilled Finance Manager to join their team. The successful candidate will be responsible for managing the financial department, maintaining internal control measures, and ensuring compliance with sound financial practices and good corporate governance.

Key Responsibilities:
  1. Prepare and report financial statements to Division, H.O., and auditors (internal and external).
  2. Prepare and complete various weekly, monthly, and annual financial statements.
  3. Complete monthly management reports.
  4. Compile management accounts, including budgets, cash flows, variance analysis, and commentaries.
  5. Produce financial and management information.
  6. Maintain the integrity and reliability of the financial data.
  7. Ensure that month-end cut-offs are compliant in terms of company policies.
  8. Manage the effective and timely provision of financial, statutory, and sustainability reporting including cash flows, variance analysis, and commentaries.
  9. Oversee accurate reconciliation of all financial records to enable verification of the validity of transactions and to take appropriate action where required.
  10. Prepare and complete financial budgets for the dealership in conjunction with departmental managers and other stakeholders.
  11. Ensure effective and efficient administration of operational costs within budget, identify areas of financial and operational risk, and escalate appropriately.
  12. Supervise cash management activities.
  13. Responsible for co-signatory of payments with Dealer Principal by approved policies and procedures.
  14. Manage and report on progress against the operational budget in liaison with the Dealer Principal.
  15. Analyse and interpret financial information: Complete analysis of financial data to understand and compare business results; interpret and analyse financial data to draw conclusions and trends from the financial analysis.
  16. Complete profit and loss analysis.
  17. Complete and update daily cash flow statements to establish working capital requirements.
  18. Assist in the preparation and timely filing of all internal accounting and financial reports for governmental and regulatory bodies.
  19. Accurately calculate and process VAT, provisional tax, etc.
  20. Establish and monitor internal controls.
  21. Implement corporate governance and compliance policies and processes to identify and manage risks and expose liabilities.
  22. Manage and control the administration and financial processes within the dealership.
  23. Conduct reconciliation of vehicles, parts, and service assets, verify against accounting records, and address all anomalies with senior line management.
  24. Manage supplier and customer relationships; ensuring effective debtors and creditors processes are in place and adhered to.
  25. Identify opportunities to minimize cost and increase revenue.
  26. Manage the security of all assets within direct control, i.e. cash, and fixed assets, in line with approved policies, processes, and procedures.
  27. Attract, retain, appraise, train, coach and develop finance and administration team members.
Minimum Qualifications and Experience:

BCom degree with Accounting NQF7+ and 5+ years' accounting/financial management experience in similar environment in the automotive industry.

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