Chief Financial Officer
3 weeks ago
Newrest is a global catering company with operations in 54 countries and a workforce of 40,000 employees.
Key Responsibilities:- Reporting and Analysis: Submission on Cegid, HFM Flows submission, Intercompany Reconciliations, Infodaf report, Debtors and Creditors Ageing report, Cost of Sales trend report, YTD Operating Costs report, Labour Cost analysis, and financial results to the board of directors.
- Risk Management: Understanding and mitigating key elements of the company's risk profile, monitoring open legal issues, maintaining insurance coverage, ensuring compliance with legal and regulatory requirements, and reporting risk issues to the audit committee.
- Service Level Agreements: Reviewing SLA agreements with clients and recommending changes related to financial input and legislation.
- Creditors and Debtors: Ensuring creditors are in line with payment terms agreements for rebates and discounts, and collecting debtors timeously for effective cash flow.
- General Ledger: Reviewing and maintaining control accounts, scheduling balance sheet accounts, VAT 201 Reconciliation and online submission to SARS, VAT 201 Queries and Audits, and processing journal entries.
- Banking: Monitoring bank balances, creating and maintaining the creditor database on Standard Bank CATS online banking system, capturing payments with first release functionality, business banking administration, and reviewing bank reconciliations.
- Payroll: Final review of the monthly payroll before release.
- Cash Flow: Cash flow forecasting, daily and monthly, calculation of monthly cash requirement, managing payments within cash flow constraints, and ensuring compliance with all tax laws, rules, and regulations.
- Qualifications: Grade 12, B Com Degree, Cegid Accounting, and Leadership Development Programme.
- Experience: 4 to 6 years of auditing experience.
- Skills: Strong analytical skills, communication and organisation skills, strong financial acumen, planning and forecasting skills, leadership skills, and accuracy.
- Competencies: Governance Risk & Control, Audit and taxation, Management accounting, ability to meet deadlines, and staff mentoring.
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