Financial Reporting Manager
Financial Reporting Manager
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Job Description
No job description added
Our leading manufacturing client is seeking a Financial Reporting Manager who will be responsible to lead and manage the financial reporting function for the organization
This includes developing and implementing robust financial strategies optimizing cash flow management maintaining statutory and regulatory compliance and overseeing audits to support the companys financial health and strategic objectives.
The role is pivotal in guiding financial decisionmaking through comprehensive analysis budgeting forecasting and maintaining adherence to IFRS standards while supporting the finance teams growth and alignment with company goals.
Statutory liabilities:
- Basic Conditions of Employment Act
- Labour Relations Act
- Occupational Health and Safety
- Internal Policies and Procedures
- Skills Development Act
- Companys Act
- Corporate governance
- IFRS standards
- Taxation laws
- POPI Act
- Financial Strategy
- Assist in preparing the financial modelling for any requirements for the CFO/CEO/Board.
- Cashflow
- Prepare / Review monthly and annual cashflow including budgets and forecasts for the purposes of cash management for stakeholders.
- Alert GFM/FD to any risk factors to cashflow.
- Statutory and Internal Reporting
- Review and preparation of month end reports such as cash flow provisions working capital and debt schedule reports.
- Calculate and track key financial ratios for the Group.
- Prepare monthly Group Sales pack splitting revenue across functional/product departments and Business Units.
- Prepare all companies tax workings deferred tax and provisional tax.
- Advise on tax allowances on property plant and equipment and ensure tax efficiencies for fixed assets.
Identify tax savings and suggest ways to increase profits and reduce cash outflows.
- Keep abreast of tax changes that will affect the Group.
- Follow industry trends and track regulatory changes related to taxes.
- Assist GFM/FD and respond to SARS queries where relevant.
- Ensure all company secretarial functions are performed for all group companies and compliance in terms of Companys Act.
- Fixed Assets (IAS16 IAS38 IFRS16
- Prepare consolidated FAR report.
- Assist to ensure all accounting and tax registers are reviewed monthly and correct depreciation and wear and tear allowance are claimed in terms of Section 11(e) and 12C.
- Perform with the workings for each ROU (IFRS16 asset and liability and assets under instalment sale at inception for the duration of the agreement and at each financial year end.
- Work with the FM on any technical matters affecting fixed assets.
- Work with FM of Digital to Create an income statement to EBIT and 5 year forecast for each Intangible Assets classified as Computer Software.
- Audits
- Assist with audit queries.
- Preparing the required schedules and returns for review ensuring validity accuracy and
completeness of the underlying information.
- Assist FM/FD coordinate the activities of financial consultants and auditors.
- Participate in the auditing process from planning to conclusion.
- Maintain regular contact with auditors to meet required deadlines and ensure streamlined
processes are in place.
- Provide regular updates to the FM/FD and Financial Management teams and all other
key stakeholders as required.
- Recommend and implement best practice guidelines emanating from any audit findings.
- Preparation of Consol Pack for Audit
- Budgets
- Assist FM/FD ensure alignment of the budgeting process across the Group.
- Compilation of the consolidated budget and other accounts on the standardized template where required.
- Assist with the preparation of the consolidated Sales Budget for the group by Customer by BU with comparatives
- Assist with the preparation of financial budgets.
- Actively participate in the budgeting process for Group Services and other statutory entities.
- Assist with consolidation of the Capex Budget for the group by BU
- Assist with preparation of group debt schedules for budgets.
- Forecasts
- Assist FM/FD where necessary.
- Assist with the preparation of monthly forecasts and fiveyear forecasts.
- IFRS
- Ensure all companies compliance to IFRS.
- Keep up to date with all IFRS changes and implement across the businesses.
- Implement enhance and maintain financial processes that are robust compliant and support current activities and future growth.
- Financial and ERP Systems
- Provide indepth understanding of Business Central.
- Ensure that after yearend is complete all Business Units are rolled over in Business Central.
- Risk Management Corporate Governance Internal Controls
- Assist with continuous improvement and implementation of sound financial controls
- To be alert to any irregularity lack of compliance lack of adherence and problems whether
actual or potential concerning financial systems financial operations accounting audits the
budgets and any other matter of a financial nature which could or does have a financial implication.
- Projects
- Work on any ad hoc projects as and when necessary as agreed with the FM/FD.
- AFS
- Prepare all companies financial statements in line with IFRS.
- Leadership and Supervision
- Share knowledge guidance and perspective with the extended finance team to ensure continued
elevation of the finance department.
- Create a culture of teamwork that drives individual growth and unlock potential.
- Statutory Obligations
- Assist in ensuring all statutory obligations for the group are met.
- Covenants Capital Structuring and Debt Management
- Prepare a Debt Register and Term Debt Schedule and maintained monthly for the group.
- IDU
- Monthly maintenance of the IDU system
- Upskill understanding and capabilities on IDU
- Support administrator of IDU
- Treasury
- Consolidate weekly cash flow forecasts in line with the Cash Flow management process.
- Maintain an updated Group debt schedule that is complete and reflects the latest interest
rates applicable.
- Maintain amortisations of financial liabilities.
- Reconcile the monthly debt schedule to the monthly management accounts.
- Other
- Prepare and submit quarterly biannual and annual Stat SA reports.
- Prepare journal entries for group and consolidation transactions.
- Perform research and advise on appropriate journal entries for complex accounting transactions.
COMPETENCIES REQUIRED
Qualification:
- A Bachelor of Commerce degree
- Qualified Chartered Accountant CA (SA) with articles from a Big 4 audit company
Experience:
- A minimum of 3 to 5 years experience in a similar role with a medium to large organisation with experience in financial analysis and business processes reporting and documenting
- Broad understanding of business processes and controls
- Experience with project management methodologies
- Strong accounting knowledge and experience
- Sound knowledge of IFRS and technically astute
- Regulatory and compliance awareness
Required Experience:
Manager
Employment Type
Full-Time
