Finance Manager

Boardroom Appointments; Boksburg; On-site; ZAR 900,000 - 1,300,000; Full time

Job summary

Boardroom Appointments invites a Chartered Accountant (SA) with 5-8 years post-article experience to lead finance at the operating unit in Gauteng. You will oversee daily finance, month-end close, and statutory reporting, while ensuring IFRS compliance and strong internal controls.

You will liaise with the Finance Executive, guide the accounting team, and contribute to strategic decision-making in a challenging FMCG environment.

Qualifications

• Proven track record of reporting and financial management.
• High attention to detail and analytical precision.
• In-depth understanding of financial accounting principles and practices with 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

• Manage daily finance functions for the operating unit.
• Provide financial oversight for the manufacturing site while ensuring policy and controls.
• Offer financial and operational support to the Finance Executive.
• 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 and meet deadlines.
• Submit reports to Stats SA.

Skills

Financial reporting

Financial management

Attention to detail

Communication of technical concepts

Stress tolerance

Group systems knowledge

People management

FMCG industry knowledge

Tax and VAT knowledge

Education

CA (SA) with 5-8 years post-article experience

Job description

• 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:

• 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.
• 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.
• 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.