Assistant Finance Manager Mr Price Money

1 month ago


Durban, South Africa Mr Price Full time

We are looking for an Assistant Financial Manager for Mr Price Money (Telecommunications) based in Durban. The purpose of this role is: Under general direction, produce financial reports, direct investment activities and plans to support the long-term financial goals of the business. Assist with the day-to-day functioning & management of the finance team resulting in timeous and accurate monthly, half year & year-end financial results. 

1 . Financial Report

Compilation and submission of reports weekly, monthly, at half year and year-end. (. Group financial reporting pack - GMB, management pack, board packs & stat packs) Compilation of reporting packs supporting report submissions.

2. Internal Financial Controls

Ensure effective internal control affecting financial reporting Maintain and review all reconciliations and monitor controls Play key role in the improvement of processes to and initiatives to supporting financial controls including rolling out of IT systems to support financial reporting process

3. Budgeting

Prepare budgeting templates and reports. Coordinate budget initiatives across the division during the budget process to ensure smooth budget process Maintain budget outcomes and facilitate compliance within business to ensure budgets are not exceeded.

4. Technical support

Provide support to division on commercial aspects that may impact financial reporting. Stay abreast of financial reporting changes & ensure compliance with IFRS. Drafting formal standard operating procedures & implementation.

5. People Management

Support Financial manager in management of the finance team to ensure accurate reporting, timely payments and reconciliations, while creating a conducive work environment.

6. Internal / External Audit

Ensure that the finance team complies with all internal / external audit requirements. This includes preparing working papers at half year & year-end as well as attending any necessary meetings.

7. Payments

Approve and release payments in order to ensure all invoices are paid timeously. This includes monthly suppliers, and ad hoc payments.

8. Financial Analysis

Use business insights and provide sales & cost centre analysis against budget & forecast in order to provide feedback & / or recommendations at monthly meetings with FM. Performance assessment on store feasibility and performance. Review of journals and balance sheet reconciliations.

9. General 

Effective control of all costs, cashflow management and other finance efficiencies (. monthly forecasting, SAS expenditure, annual insurance renewals ) in order to maintain the businesses general administration.  Review of VAT for submissions Support FM with strategy of the business and templates. Adhoc projects tasks. Eligible or registered Chartered Accountant (SA) 2+ years financial accounting experience preferably out of audit 

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