Financial Manager Kia South Africa
3 weeks ago
Job Description
To deliver on accurate vehicle costing and profitability analysis. The incumbent of the role needs to strongly understand the principles of IAS2 Inventory, have an understanding of Importer costing and understand Hedge Accounting.
Position Overview
Specific Role Responsibilities
- Responsible for ensuring all shipments are accurately costed
- Responsible for analysing vehicle profitability in terms of Mix, Volume, Price
- Ensuring all releases are done out of Costing Accruals
- Testing the adequacy of Costing Accruals
- Ensuring all stock provisions are adequate
- Testing costing accruals on a quarterly basis to ensure they are reflective of actual spend
- Ensuring all FEC schedules are up to date and that the appropriate exchange rates are used when costing
- Analysis of Importer Inventory (Ageing)
- Calculation and adequacy of NRV Provision
- Calculation and elimination of Unrealised Profit
- Creating, calculating, and processing other monthly journals
- Creating different costings for Dealer, Car Rental, Fleet, and Exports
- Analysis of Vehicle Buy Backs
- Ensuring all other general accounting entries are processed and accurate in time for cut off
- Preparation of Monthly flash report with detailed analysis
- Conducting detailed expense analysis and working with Business Unit heads, particularly monitoring Advertising Spend and Dealer assistance
- Create and compile all reconciliations with support for each balance sheet account – ensuring these accounts are free of error/omission and meet the audit assertions for completeness, existence, valuation
- Assist the Reporting FM with quarterly reporting to Exco
- Assist the CFO with budget and forecast submissions to Motus
- Assist the Reporting FM with Foreign currency maintenance and reporting
- Ensuring that all irregularities are reported to the correct managers and escalated should this fail to bring the required results.
- Ensuring that internal and external audits run smoothly, and all related issues are corrected.
- Giving feedback of all issues to the Reporting FM/CFO
- Ensuring that all checks and balances are in place as required (Daily, Weekly, Monthly).
Qualifications and Experience
- BCOM Accounting/Studying toward CIMA/CIMA qualified
- 4 years in a Costing Role
- Financial Accounting
- Financial Reporting
- Management Accounting
- Strong Data Analysis
- Commercial/Business Acumen
- Financial Systems Administration/Good knowledge of the Autoline system
- Company income tax knowledge
Skills and Personal Attributes
- Client Focus
- Improvement Orientation
- Interpersonal Effectiveness
- Judgement
- Persistence and Tenacity
- Personal Courage
- Planning and Organising
- Results Orientation
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