Finance Manager
Finance Manager
Posted on :
22-05-2025
Employer Active
1 Vacancy
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Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
22-05-2025
Job Description
Finance Manager
Minimum Requirements:
- Chartered Accountant (CA) (SA) with 58 years of postarticle experience
Required Skills and Knowledge:
- Proven track record of reporting and financial management
- High attention to detail and analytical precision
- Indepth understanding of financial accounting principles and practices (technical expertise) with the ability to communicate technical concepts in business terms
- Tolerance of stress and pressure
- Broad knowledge of group systems
- 35 years of experience in a management role leading teams
- Indepth knowledge of the FMCG market and its challenges
- Good understanding of Tax and VAT Acts
Responsibilities:
Financial Oversight
- Manage daily finance functions for the operating unit.
- Provide financial oversight for the manufacturing site ensuring company policies and internal controls are adhered to.
- Offer financial and operational support to the Finance Executive.
Financial Accounting
- Ensure financial completeness and maintain the general ledger per IFRS and Group Policy.
- Review assess and recommend levels of provisions.
- Conduct monthly reviews of all general ledger balance sheet reconciliations.
- Oversee monthly financial monthend close ensuring deadlines are met.
- Submit reports to Stats SA.
Monthly Reporting
- Prepare financial reports for the operating unit (monthly halfyear and annually).
- Open and close GL periods.
- Review sales and consignment stock reconciliations.
- Review and approve journals processed by finance.
- Analyze the Income Statement monthonmonth.
- Review Balance Sheet reconciliations.
Financial YearEnd and Statutory Audits
- Compile all yearend reporting packs.
- Prepare statutory Annual Financial Statements.
- Coordinate the yearend external audit process.
Taxation
- Prepare yearend tax computations and deferred tax roll forwards.
- Submit tax returns including ITR14 and provisional tax returns.
- File DWT returns if dividends are declared.
- Utilize the Konsise tax platform for tax processes.
Banking
- Ensure compliance with company cash policies and meet daily cash requirements.
- Submit daily cash flow reports to Remgro Treasury.
- Oversee cash forecasting and approve payments.
- Release daily payments and authorize oneoff cash book payments.
- Approve payments to oil suppliers via the vendor financing app.
- Perform authorized bank approver functions.
Fixed Asset Life Cycle Management
- Support the fixed assets team with annual physical asset verification.
- Ensure annual useful life and residual value reassessments comply with IFRS.
- Assist with maintaining lease asset app changes.
Debtor Management
- Oversee invoice credit memo and receipt processing.
- Monitor the account with SDO and ensure oils revaluation is completed quarterly.
- Liaise with Vector regarding payment allocations and debtor aging.
Creditor Management
- Approve daily cash requests from the central creditors department.
- Address account issues between customers and the central creditors team.
- Ensure oil supplier reconciliations are current without unresolved queries.
Staff Management
- Manage and develop the finance team.
- Coach and support team members to achieve career objectives.
- Foster cohesion between finance and commercial teams.
Internal Controls
- Identify and implement opportunities for improved control procedures.
- Follow up on audit queries and ensure corrective action is taken.
- Perform control checks to ensure compliance with approved procedures.
Partnering in a Matrix Environment
- Act as a liaison between the business and central finance teams.
- Facilitate effective communication across teams to meet finance deliverables.
Employment Type
Full Time
Key Skills
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