Job Openings Finance Manager

About the job Finance Manager

Finance Manager

Minimum Requirements:

  • Chartered Accountant (CA) (SA) with 5-8 years of post-article experience
Required Skills and Knowledge:
  • Proven track record of reporting and financial management
  • High attention to detail and analytical precision
  • In-depth 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
  • 3-5 years of experience in a management role leading teams
  • In-depth 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 month-end close, ensuring deadlines are met.
  • Submit reports to Stats SA.
Monthly Reporting
  • Prepare financial reports for the operating unit (monthly, half-year, and annually).
  • Open and close GL periods.
  • Review sales and consignment stock reconciliations.
  • Review and approve journals processed by finance.
  • Analyze the Income Statement month-on-month.
  • Review Balance Sheet reconciliations.
Financial Year-End and Statutory Audits
  • Compile all year-end reporting packs.
  • Prepare statutory Annual Financial Statements.
  • Coordinate the year-end external audit process.
Taxation
  • Prepare year-end 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 one-off 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 creditor's department.
  • Address account issues between customers and the central creditor's 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.