Finance Manager
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Job Location:
Durban - South Africa
Monthly Salary:
Not Disclosed
Posted on:
28 days ago
Vacancies:
1 Vacancy
Job Summary
Reference: NPr002864-Lerat-1
The Finance Manager will hold full P&L responsibility for the South African operations ensuring the timely delivery of monthly management accounts to the Group Finance Director in line with reporting deadlines. A key focus of this role is the ongoing monitoring and analysis of financial performance across multiple business streams working closely with Operations to drive performance improvement and ensure that financial results are delivered to plan.
Additionally the Finance Manager will play a key role in enhancing financial processes refining management reporting and streamlining systems to improve accuracy efficiency and insight. The role will also support commercial pricing and participate in bid processes for new business opportunities.
The Finance Manager will hold full P&L responsibility for the South African operations ensuring the timely delivery of monthly management accounts to the Group Finance Director in line with reporting deadlines. A key focus of this role is the ongoing monitoring and analysis of financial performance across multiple business streams working closely with Operations to drive performance improvement and ensure that financial results are delivered to plan.
Additionally the Finance Manager will play a key role in enhancing financial processes refining management reporting and streamlining systems to improve accuracy efficiency and insight. The role will also support commercial pricing and participate in bid processes for new business opportunities.
Duties & Responsibilities
KEY RESPONSIBILITIES
- Prepare and maintain a rolling cash flow forecast including analysis and commentary.
- Produce monthly management accounts to balance sheet and cash flow level.
- Prepare quarterly forecasts and annual budgets in collaboration with relevant departments.
- Monitor income and expenditure against budgets and recommend initiatives to enhance profitability.
- Conduct monthly analysis of variable and fixed costs and suggest cost optimisation strategies.
- Maintain robust accounting controls and adherence to best practices.
- Support budget holders with key financial insights including risk and opportunity assessments.
- Identify system and process inefficiencies and implement improvements.
- Lead or contribute to finance process improvement projects across the organisation.
Transactional Execution
- Review and manage general debtors and creditors ledgers.
- Oversee bank accounts and perform monthly reconciliations.
- Manage credit control and optimise the debtors book.
- Ensure accurate allocation of revenue and costs across campaigns and cost centres.
- Develop and maintain cost centre reporting through the Xero Accounting platform.
- Prepare and post journals to the general ledger.
- Approve and reconcile intercompany invoices collaborating with Group Finance.
- Review customer invoicing and VAT returns for accuracy and compliance.
- Manage customer onboarding credit limits and debt collection.
- Oversee payment runs ensuring proper review and release authorisation.
- Liaise with banks and the South African Reserve Bank (SARB) for cross-border transactions.
- Maintain and review the fixed asset register monthly.
- Ensure all statutory returns are completed and submitted timeously.
- Coordinate the annual statutory audit process.
- Manage business insurance renewals and administration.
- Prepare annual and quarterly DTI/GBS applications for review by Group Finance.
- Oversee BBBEE financial compliance audits and documentation preparation.
Qualifications & Experience
- BCom Accounting or equivalent financial degree (essential).
- Completed SAIPA / SAICA / CIMA articles (preferred).
- Minimum 5 years post-article experience in financial management ideally within a multi-entity or group structure.
- Strong proficiency in Xero Accounting Microsoft Excel and related financial tools
- APPLY NOW!
If you are interested in this opportunity please apply directly. For more vacancies please visit
If you have not had any response in two weeks please consider the vacancy application unsuccessful. Your profile will be kept on our database for any other suitable roles / positions.
I also specialize in recruiting in the following:- Financial accountant
- Financial Manager
- Bookkeeper
- Credit controller
- Forensic accountant
- Tax accountant
- Risk analyst
For more information contact:
Lerato Lelaka
Recruitment consultant
Network recruitment
Connect with me on LinkedIn! Experience:Manager
Key Skills
- Cognos
- Forecasting
- Hyperion
- Dealership Experience
- QuickBooks
- Accounting
- Corporate Finance
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Management
- Financial Planning
