Financial Manager 8 ....
Financial Manager 8 Months Contract
Posted on :
27-02-2024
Employer Active
1 Vacancy
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Jobs by Experience
5years
Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
27-02-2024
Job Description
Req ID : 2566981
The Financial Manager is responsible for the provision of Financial Management services. The role involves financial and asset management accounts receivables and payables management management accounting and financial reporting. The incumbent further ensures compliance with accounting policies standards principles all acts and other statutory requirements.
Achievement and Management of the Unit s Business Plans
Contribute to the development of the Unit s operational plan
Cascade the Division operational plans to the Unit
Ensure the implementation and compliance to reporting templates and frameworks
Ensure monthly reporting in the Unit
Manage and monitor budget in the Unit through managing variances in actual vs. budget expenditure in all areas of accountability
Develop risk management strategies and risk register for the Unit
Develop polices and procedures for the Unit
Ensure clean audit results
Handle audit queries and ensure the availability of information for audit purposes
Compilation of quarterly and annual reports
Formulation of reporting templates
Continuous improvement of financial policies and practises
Monitoring of progress on the implementation of Auditor General s recommendations
Reduction in overall audit findings
Delegated authority for approval procurement processes as per delegation of authority approved by board
Delegated authority for approval of payments on the banking system
Financial Management and Reporting
Compilation of management accounts
Cash flow projections
Compilation of annual financial statements
Compilation of quarterly and annual reports
Formulation of reporting templates
Departmental reporting to management monthly
Accurate and complete balance sheet reconciliation monthly
Income and Expenditure Management
Timeous and accurate payment of suppliers and stakeholders
Ensure accurate submission of SARS returns
Accurate recording of revenue
Timeous collection of outstanding debtors accounts
Management of working Capital Coordinate output of reports and/or approvals of request by management
Payroll Administration
Ensure processing of employee salaries and thirdparty payments
Ensure distribution of payslips Ensure accurate submission of SARS returns
Product Costing and Pricing
Ensure planning studying and collection of data to determine costs of actual business activities such as raw material purchases inventory labor and overhead at the plant
Ensure analysis of changes in manufacturing / production configuration raw materials or manufacturing methods to determine the effects on product costs and internal product margins
Ensure preparation of forecasting budgeting and ad hoc financial analysis
Oversee review of standard and actual product costs for accuracy
Ensure reporting on margins by product and product category
Ensure accurate reporting and valuation of inventory vs actual physical inventory
Budgeting
Coordination of the OBP budget process
Preparation implementation and monitoring of the OBP budget
Accurate timely and highquality financial analysis
Fixed Asset Management
Ensure that all assets bought and received are captured in the financial system and that input documents are available
Sign off on all input documentation
Direct the account and journal (if changes are required) and sign off
Ensure the updating of the fixed asset register
Ensure the depreciation and Wareandtear run are done on a monthly basis
Ensure the provision of the integrity report fixed asset register reconciled with financial system information and sign of
Ensure a physical check (actual vs. fixed asset register) is conducted on a biannual basis
Ensure that movements are updated on the system and that all disposals are captured and removed from system
Ensure calculations for any assets sold are done correctly and sign off on this
People Management
Conduct timeous recruitment and selection of staff
Implement OBP s BEE targets in the Unit
Implement OBP s performance management in the Unit
Induct and orientate direct reports
Provide capacity building through training coaching and development of direct reports
Ensure that employees have clear work expectations and goals
Ensure attendance of staff
Manage the disciplinary of employees in the Unit
Risk Management
Ensure the operational Risk Register is compiled and action plans reported on quarterly
Requirements
3 or 4year Degree in Accounting/Finance or equivalent plus articles
Registered with relevant accounting professional bodies advantageous
Computer literacy with extensive knowledge in Caseware
7 years working experience of which 5 must have been in a management role at least 3 must have been in a Senior management role.
3 or 4-year Degree in Accounting/Finance or equivalent plus articles Registered with relevant accounting professional bodies advantageous Computer literacy with extensive knowledge in Caseware 7 years working experience of which 5 must have been in a management role, at least 3 must have been in a Senior management role.
Employment Type
Full Time
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