An international engineering organisation requires the expertise of a Financial professional for their local operations. The Financial manager will have responsibility and supervision of South Africa’s administrative, accounting, controlling, treasury, tax and legal compliance and generally to give adequate support to the South African business, the group CFO and his team in the international headquarters.
Critical success factors for the position:
Key success factors for this position are defined as follows:
A detailed knowledge of the SAP informatics system
A recognised accounting qualification from a SA university
An understanding of the business and its processes
A clear understanding of taxation and other legislations and our compliance with them
The ability to meet accounting and other deadlines
A proactive approach to problem solving with the view of constantly looking for ways to improve systems and processes
Experience in environments which operate sophisticated informatics systems
A good knowledge of spread sheets for the management and manipulation of data
A working knowledge of computers
The ability to manage, develop and interact with personnel
Detailed duties and responsibilities
Statutory returns and reporting
Responsibility for the prompt submission of the following returns and payment of the associated taxes and levies.
Monthly VAT, PAYE, UIF, SDL returns.
Annual Income tax & STC returns.
Annual WCA return.
Quarterly wage statistics
Maintenance of the Companies statutory records in conjunction with Company Secretary
Management reporting, budgets and forecasting
Preparation of the monthly Management Accounts forms B1-B6
Preparation of operational managements accounts for the management of branch activities
Preparation of the Quarterly B1–B6 at company and consolidation level
Preparation of the annual budget reports B0, B1-B6 and assistance with budget presentation
Preparation of the annual sell in and sell out forecasts
Assistance with ad hoc forecast and reports as required from time to time
Preparation of quarterly reports for submission to BEE shareholder
Internal control
Management of the companies internal control systems to ensure.
All creditor reconciliations are duly checked and approved for payment.
All bank reconciliations are checked and approved on a monthly basis.
All critical general ledger account reconciliations are reviewed on a monthly basis.
All journal entries are reviewed and approved
Fixed assets are properly identified & accounted for in terms of the requirements of the Companies Act.
Preparation of accounting data
Management of the accounting personnel in order to ensure all data is accurately and promptly processed
Review of weekly and monthly costing data and variance reports
Control of all general ledger posting activities
Preparation of annual audit working papers in support of year end accounting balances
Preparation of BEE reporting data and reports
Manage the planning, preparation of data for and the relationship with the external auditors.
Information technology
Ownership of SAP FICOS module
Ownership of the Business Objects reporting module
Ownership of the BOARD budgeting and forecasting module
Management of accounting projects as directed by the head office
Liaising with IT call center regarding SAP and related computer software problems
Day to day business management and treasury functions
Review of daily cash flows to ensure overdraft expenses are minimised and on call balances are maximised
Management of credit control function in terms of the responsibilities defined for the credit controller
Approval of all new credit account applications
Management of credit release functions
Preparation of monthly cash flow reports
Liaison with Bankers in order to ensure cash investment returns are maximised in accordance with company cash flow requirements
Review of branch expenditure on a monthly basis in order to ensure variable monthly expenses are properly controlled in relation to budget
Review of operating margins at product level in order to ensure margins are being maintained and costing errors are highlighted
General
Assist with IT software support function
Assist with quarterly and annual stock counts
Undertake business related projects as required from time to time
Human resources
Management of your accounts department personnel to ensure
- Data is promptly and accurately processed
- Internal control policies and procedures are maintained
- Staff members are properly motivated for better staff performance
- Create, implement and manage annual personal and skills development plans for your team
- Set annual performance measurement criteria for individuals in your team and manage expectations accordingly
Key Performance Areas
Establish procedures and systems in order to ensure our Head Office reporting requirements are met on a consistent basis
Set up inter company information reporting systems which highlights changing sales trends, movements in margins and cost over runs
Review systems to streamline work flows
Maintain a skilled and motivated work environment for accounting personnel
Qualifications
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