Finance Manager

1 month ago

Midrand, South Africa Paramount Aerospace Systems Full time

The Financial Manager is responsible for overseeing the financial health and operations of the organization. This includes ensuring the accuracy and integrity of financial records, managing financial administration, and maintaining compliance with relevant regulations and policies. The Financial Manager will lead a team of financial professionals, including a Bookkeeper, a Manager of Accounts Payable, and Accounts Payable clerks, to achieve these objectives.

Key Performance Areas

Creditors Management
  • Reconcile and follow up on creditor accounts.
  • Verify invoices against purchase orders and resolve variances.
  • Attend to supplier/buyer queries.
  • Prepare payment requisitions and process bank transactions.
  • Create new vendors and ensure supporting documents are submitted.
  • Prepare monthly balance sheet reconciliations, including forex, payroll, WIP, and project accounting.
  • Manage and account for foreign exchange.
Debtors Management
  • Ensure the debtors ledger is accurate and reconciles to the general ledger.
  • Reconcile debtors and intercompany accounts monthly.
  • Follow up on outstanding debtors.
  • Record manual journals.
  • Process monthly depreciation and maintain the fixed assets register.
Inventory and Expenses
  • Liaise with Stores for accurate processing of goods received.
  • Manage inventory control and ensure accurate stock on hand.
  • Ensure expenses and income are accurately reflected in the applicable ledger.
  • Process monthly accruals.
  • Maintain the balance sheet and income statement.
  • Prepare monthly management accounts.
Taxation and Compliance
  • Monthly accounting of VAT and payroll.
  • Accounting and filing of taxation.
  • Ensure accurate accounting for labor-related costs to WIP.
  • Manage financial accounting system errors and enhancements.
Financial Operations
  • Prepare and issue customer invoices, credit notes, and statements of account.
  • Assist in cash flow forecasting.
  • Administer banking facilities and collection/payment processes.
  • File VAT returns and payroll taxes.
  • Manage CAPEX processes and procedures.
  • Prepare statutory returns.
Governance and Controls
  • File and maintain records of source documents.
  • Manage the financial year-end audit and liaise with auditors.
  • Prepare reports for SARS audits.
  • Develop, maintain, and ensure compliance with group, entity, and regulatory regulations, processes, and policies.

Qualifications & Experience

BCom Financial Accounting / CIMA
Minimum of 5 – 7 years' experience in manufacturing or construction environment
Extensive and detailed knowledge of best practice accounting systems, policies and procedures
Knowledge and extensive experience with IT systems such as MS Excel ERP systems

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