Financial Manager

My client is Aerospace industry is seeking a Financial Manager to join their team based in Midrand

Financial Manager - Controlling
Reporting to: Chief Financial Officer MAIN ROLES & RESPONSIBILITIES
Planning and forecasting
o Responsible for the coordination, preparation and on time submission of the annual Operating plan, Forecast 1,2 &3
o Responsible to liaise with Group Controlling on all communication, requests and processes.
o Responsible for internal planning and reporting in adherence with group reporting deadlines.
o Ensure that AZA,  Group, and economical factors and assumptions are taken into account in the operating plan & forecast
o Responsible for coordination of and EXCO reviews and sign offs.
o Responsible for the setup of financial targets with vast knowledge of the company’s financial results and interpretation.
o Keeping abreast of financial and economic changes.
o Responsible for the preparation and submission of the monthly generated cost report to Group.
Accounts Receivable and Credit Management
o Customer maintenance:
 Responsible for the maintenance of all customer details on SAP in agreement with company and group directives (including AML)
o Invoicing & statements:
 Ensure accurate customer invoicing
 Ensure on-time and accurate distribution of customer statements
 Dispute investigation and resolution
 Process review and coordinating invoicing of new aircraft deliveries between all departments.
o Credit management:
 Responsible for the full credit management function
 Take the lead in monthly credit management meetings between all stakeholders
 Follow up on outstanding receivables and communicate with Commercial Directorate Department.
 Manage blocking and opening of customer accounts based on customer credit status.
 Facilitate the customer credit limit application by submission to Experian.
 Receive cross borders funds from customers in compliance to AML process.
 Process customer credit notes in accordance to Delegation of Authority.
 Reporting outstanding receivables to Group on a monthly basis.
 Reporting of receivables internally on a monthly basis.
 Setup monthly meetings with the relevant role players to discuss status, recommendations and actions on overdue accounts.
 Manage the Days Sales Outstanding (DSO) and report monthly.
 
Supplier Management
o New Suppliers (AZA & Nigeria)
 Review new supplier applications and recommend to the CFO,
 Creation of the new supplier on SAP (AZA) & SAGE (Nigeria) once approved by the CFO,
o Supplier Payments (AZA & Nigeria)
 Review payments in agreement with company processes and policies,
 Ensure on time payment to suppliers,
 Dispute investigation and resolution
o Central Supplier Database: Responsible for the maintenance of the central supplier database.
Annual Financial Audit
o Provide on time and accurate accounting records and supporting documents to the external auditors, Support Financial Manager (accounting and reporting) and auditors with queries
o Ensure all direct reporting staff documents are complete and accurate,
o Implementation of audit Management Letter Points recommendations and audit findings
South African Reserve Bank Reporting (SARB)
o Responsible for coordination and submission to the bank.
o Preparation of annually intercompany payment mandate with SARB,
o Submission of annual Kenya SARB approvals with inputs from accounting and reporting team
o Report quarterly Balance of payments to SARB.
Letter of Credits (L/C)
o Responsible for the issuance, submission and claiming of L/C’s
Bank Guarantees
o Liaise with  Group Treasury in respect of issuance of bank guarantees as per requirements.
o Ensure original guarantees are received, valid and stored in the safe.
o Manage cancelled and expired guarantees with the bank
o Report on a quarterly basis to Group Treasury department on all guarantees issued.
Enterprise Risk Management (ERM)
o Responsible for the full ERM function (including Oneroof).
o Responsible for quarterly ERM EXCO meetings.
o Responsible for the upkeep of ERM on the ARM tool
o Implements and maintains the Enterprise Risk Management (ERM) in line
with group directives and procedures.
o Responsible to consolidate all company risks & opps
o Responsible to update and maintain company risk register and country risk register
o Responsible to analyse possible company risks & opps with input from relevant stakeholders.
o Liaises with the Corporate Risk Management office and reporting on a quarterly and a yearly basis.
o Responsible for the ERM preparation of the Board of Directors meeting reports
 
 
Insurance
o Responsible for the full insurance management of the company.
o Responsible for the analysis and completion of the insurance renewal reports and questionnaires
o Ensure continuous analysis of insurance needs with the required updates.
o Responsible for risk assessment and recommendations of specific commercial contract insurance requirements.
o Ensure annual on-time insurance renewal submissions
o Facilitate and handle all insurance related queries and claims.
SAP Administrator and system improvements
o Responsible for the maintenance of all AZA users and access rights on SAP
o Responsible to update SAP with new joiners or leavers.
o Creation of new employees on SAP,
o Manage authorisation of employees on SAP,
o Co-ordinate creation of JIRA tickets where change is required on SAP,
o Participate and drive SAP improvements projects.
General:
o Monthly review of cost centre reports vs actuals.
o Review and sign off direct team members monthly journal entries.
o Monthly review of AP & AR recons before submission to Financial Manager Accounting and Reporting.
o Responsible and accountable for timely and accurate submission of all monthly reports (Internal & External).
o Ensure proper and timely monthly reporting and meeting deadlines.
o On time group reporting: ERM, Guarantees, Receivables, Insurance
o Ensure accurate and timely reporting to CFO & EXCO
o Monthly updating and reporting of financial KPI’s with detail analysis of results.
o Automate manual processes, forms and reporting
o Identify gaps for new reports, improving on current reports. Creating new reports upon request from CFO.
Leadership/People
o Effectively manage, motivate and develop the staff under his or her responsibility.
o Provide coaching and support to direct team members
o Be an effective business partner to the organisation
o Support, motivate, develop/train, transfer of skills and knowledge to finance team.
o Deadline management skills
o Prioritizing skills and achieving objectives
o Promote and exercise empowerment through autonomous decision making.
o Manage performance of staff and their development
Monitoring Performance:
o Responsible for the preparation and submission of the monthly generated cost report to Group.
o Interpretation of financial data with gap analysis.
o Identify gaps for improvement and implement corrective measures in area of responsibility
o Review and ensure accuracy of all financial data within SAP, SAGE & Caseware posted by direct reporting team.
o Review and maintain documented and signed off year end process and controls for financial year end closing: GIT, Intercompany payables, Accruals, IFRS 15 entries.
o Review and update business continuity processes and procedures for direct reports.
o Identify and implement cost saving initiatives
 
 
 
Company representative and responsible for maintenance of Scientrix (company dashboard). This includes user access, KPI targets and actuals, company objectives and departmental objectives
o Ensure company KPI dashboard is updated monthly with comments.
 
Compliance
o Annual SARB approvals.
o Return to basics: 4 eyes principles ie SOD, journals & balance sheet
o Ensure full financial compliance iaw all group and internal directives, processes and procedures
o Support with annual completion of ICSA (Internal Control Self-Assessment) & implementation of recommendations and improvements
o Assisting CFO to establish sustainable compliance awareness and conformance in the finance department
o Full compliance with IFRS.
o Continuous review and update of processes and procedures
Projects – responsible or involved in (not limited to):
o Group projects: Cost Based Monitoring
o Change of banks: Integration into area of responsibility
o Annual Internal Control Self-Assessment Campaign
o Support CFO with the implementation of the disaster recovery plan
o Finance compliance (A1043D, A1109 etc)
o ERM – Country Risks
o Internal Finance customer satisfaction survey: Survey and action plans
Customer Satisfaction
o Building and maintaining a strong relationship between internal and external stakeholders.
o Assisting the business to respond in an agile and flexible manner.
o Negotiating and working with a variety of internal and external stakeholders on issues of mutual financial concern.
o Actively involved in the commercial contract requirements for guarantees, letters of credit and insurance.
 
SKILLS, EXPERIENCE, COMPETENCIES & QUALIFICATIONS:
o IFRS – excellent; Accounting – excellent
o Leadership skills
o Effective Communication skills (written and verbal) – excellent
o Effective Project Management skills – compiling of project plan and coordination of project.
o Accountability and responsibility
o Problem solving skills
o Coaching mind-set – uplift and empower finance team
o Team player
o Deadline driven
o Ability to take initiative
o Uses sound judgment to make good decisions based on information gathered.
o Plans and organizes tasks and work responsibilities to achieve objectives
o Displays emotional resilience and the ability to withstand pressure.
o Excellent interpersonal skills, influencing, negotiation skills, leadership, relationship -
building and conflict resolution skills
Ability to take initiative
o Ability to timeously and effectively collaborate with relevant stakeholders
o Demonstrated organizational and analytical skills
o Strong work ethic and integrity
 
 
Computer literacy skills:
o Microsoft Programmes (Advanced Excel, Word, PowerPoint, Outlook); Gsuite; SAP; SAGE Accounting; Bank platforms (ABSA, Citibank)
o SAP experience in a non-negotiable.
Qualifications & experience:
- Qualified Chartered Accountant
- First time pass Board 1 & 2
- Articles at one of the Big 4 audit firms
- 3 years post article experience

Only shortlisted candidates will be contacted.

---