Financial Operations Manager
2 weeks ago
Financial Operations Manager Job Summary
Abantu Staffing Solutions seeks a highly skilled Financial Operations Manager to join their team. The successful candidate will be responsible for providing accurate and timely financial information to support business decisions.
- Responsibilities:
- Financial Strategy:
- General Financial Management:
- Provide financial analysis and support to management and operational areas.
- Monitor and support debtors and creditors.
- Maintain the fixed asset register.
- Control intercompany balancing.
- Review weekly payroll.
- Review and action financial variances (budget/forecast).
- Review and action balance sheet account variances.
- Ensure compliance with IFRS.
- Maintain the plant Capex and tooling reports.
- Generate information and reports for internal and external use.
- Internal Control:
- Comply with internal controls.
- Maintain and review the risk register.
- Budgets/Forecasts:
- Participate in the budget/forecast process.
- Prepare budgets and forecasts for plants.
- Prepare plant P/L and balance sheet forecasts.
- General Financial Management:
- Financial Reporting:
- Financial Pack:
- Prepare financial reports and returns (monthly BU/plant financial pack).
- Flash Results:
- Compile the BU/plant flash results and analyse variances.
- Weekly Sales Report:
- Compile and review weekly sales reports.
- General Ledger:
- Prepare provisions and accruals.
- Compile royalties schedule for month-end processing.
- Prepare general ledger journals.
- Compile general ledger reconciliations.
- Capex, Tooling and Fixed Assets:
- Prepare and maintain a Capex and tooling register tracking actual spend against approved spend, planning future profitability and cash flows of the projects.
- Prepare Capex requisitions with all relevant information regarding the Capex project.
- Support useful life and residual value of fixed assets analysis.
- Maintain the BU/plant tooling reports.
- Audits and Year-end Processes:
- Prepare and plan the year-end statutory audit (external and internal) in line with the consolidated audit plan.
- Prepare and arrange royalty audits.
- Costing:
- Calculate landed cost on all import shipments.
- Prepare/ review DA 190 (declaration of imported components and raw materials).
- Investigate purchase price variances (PPV).
- Generate variance report of actuals to budgeted information.
- Stock Control:
- Compile daily stock holding report.
- Oversee stock takes.
- Assist with investigating stock count variances.
- Overall responsibility for stock.
- Cash Management:
- Oversee the cash management function of the plant.
- Monitor daily cash positions and cash flows to ensure settlement and maximise performance.
- Manage cash flow and working capital for the plant.
- Debtors Management:
- Review debtors' age analysis, providing an analysis and action plans for debt collections.
- Creditors:
- Review creditors' age analysis and GRNI providing an analysis and action plans.
- Forex:
- Review Forex forecasts.
- Plant FEC contracts based on AP requirements.
- Continuous Improvement:
- Identify improvement opportunities and make recommendations for improvements.
- Participate in continuous improvement initiatives.
- Reporting:
- Prepare financial reports and returns.
- Generate information and reports for internal and external use.
- Financial Pack:
Requirements:
- B.Com or National Diploma (Financial Accounting).
- Chartered Institute of Management Accountants (CIMA) Qualification.
- Relevant experience in a similar role.
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