Financial Controller

Overview:

The role is within an established automotive manufacturer, based at one of their manufacturing plants.  The focus of the role is to compile and provide accurate and timeous financial information to Plant Management in order to make informed business decisions. The position reports to the Plant Manager. 

Minimum requirements:

• Grade 12
• National Diploma or Bachelor of Commerce in Financial Accounting or similar (essential)
• Bachelor of Commerce (Accounting), CA(SA) or CIMA (advantageous)
• 5+ years' experience in a similar role.

Responsibilities:

Financial Strategy: General Financial Management

• Provide financial analysis and support to management and all operational areas of the business
• Monitor and support debtors and creditors
• Maintenance of 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 & 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

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 & Fixed Assets:

• Prepare & maintain a CAPEX and Tooling register tracking actual spend against approved spend, planning future profitability & 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 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 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

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

People Management:

• Ensure an enabling climate/culture.
• Ensure a safe, secure and legal working environment.
• Manage individual, team and departmental performance to achieve organisational objectives.
• Determine the training needs of the Department.
• Coach and counsel people to ensure improved performance levels
• Ensure discipline is maintained in department (absenteeism, lateness, overtime, misconduct, etc.)
• Resolve grievances and disputes

SHE:

• Identify potential hazards and critical safety issues in the workplace
• Address workplace hazards and risks
• Work safely and use safety equipment