Financial Operations Manager
4 days ago
Job Description:
This role is responsible for managing the financial operations of a company, ensuring that all financial procedures are up-to-date and compliant with regulatory requirements.
Key Responsibilities:
- Review and analyze monthly expenses as per BI report
- Ensure correct entry of journals into Syspro and correct GL account allocations of all income and expense
- Verify that BI agrees with Syspro before uploading to ECS for group reporting
- Calculate monthly Sales and COGS journal between IMP and NCM for processing
- Calculate monthly royalty and recovery amounts
- Ensure timely posting of journals by ATR specialists and review BI report for completeness
- Maintain Fixed Asset register with assistance from ATR specialists
- Resolve balance sheet differences with ATR specialists
- Prepare accounts for financial year-end audit with assistance from ATR specialists
- Manage debtor's clerk functions and maintain Accounts Receivable module
- Ensure debtors' collections are within company credit limits and terms
- Manage Procure to Pay (PtP) team
- Review AP aging monthly to ensure creditors are paid according to set payment terms
- Work closely with PtP to ensure timely and accurate creditor payments
- Submit PAYE, UIF, and SDL returns by 7th of month as per SARS requirements
- Manage bank accounts and authorize payments
- Enforce discipline if required for staff reporting to this position and evaluate staff performance, recommending training
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