Financial Manager
3 days ago
Financial Manager
Minimum Requirements- Chartered Accountant or equivalent with relevant Tertiary Qualifications.
- Minimum of 5 years Financial Management experience in an FMCG environment.
- Monthly management accounts and annual financial reporting.
- Annual budgets:
Coordinate and submit to the Holding Company.
Undertake variance analysis to monthly management accounts.
- Manage the day-to-day financial matters, including:
Assistance in management of the debtors book.
Monthly and annual rebate control and reconciliation with all suppliers.
Reconciliation of rebates due to the General Ledger account.
Ensure back-end supplier support, discounts, and rebates are received per agreements.
Monitor supplier spend in relation to rebates due based on set targets.
Monthly accruals and creditors management.
General Ledger maintenance and reconciliation of all accounts as required by Holding Company reporting Accountant
VAT and income tax:- Calculations, reconciliations, and submissions to Holding Company reporting Accountants.
- Ensure compliance with government-required statistics.
- Preparation of schedules, assistance, and liaison regarding year-end audits.
- Reconciliation of inventory.
- Monitor, manage, and analyze inventory aging to reduce inventory days and excessive inventory holding.
- Management of bookkeeping staff.
- Recommend financial actions by identifying risks, overspend, and areas requiring improvement.
- Substantiate financial transactions by undertaking sound financial analysis.
- Maintain accounting and internal controls by preparing and recommending policies and procedures.
- Guide accounting clerical staff by coordinating activities and answering questions.
- Reconcile financial discrepancies by collecting and analyzing account information.
- Maintain financial security by following internal controls.
- Analyze, translate, and address financial information to highlight operational shortcomings, inefficiencies, or excessive costs.
- Recognize issues and implement effective and sustainable solutions.
- Proactively drive solutions and recommendations to ensure desired outcomes in both process and cost savings.
- Any further finance-related responsibilities as directed.
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