Finance Manager

Gulf Agency Company; Cape Town; On-site; ZAR 400 000 - 800 000; Full time

Job summary

An established industry player is seeking a Financial Manager to join their team in Cape Town. This role involves overseeing financial and management reporting, ensuring compliance with accounting standards, and managing cash flow effectively. The ideal candidate will have extensive experience in financial management, a strong grasp of Forex, and excellent communication skills. Join a dynamic organization that values innovation and dedication, and contribute to a sustainable future while growing your career in a supportive environment. If you are ready to face challenges and drive improvements, this opportunity is perfect for you.

Qualifications

• 5-10 years of experience in financial management and reporting.
• Strong knowledge of Forex and cash flow management.

Responsibilities

• Direct report to Managing Director on financial matters.
• Preparation of financial reports and budgeting.
• Lead the Finance Department and manage daily operations.

Skills

Financial Analysis

Budgeting

Tax Compliance

Cash Flow Management

Team Management

Communication Skills

Organizational Skills

Forex Knowledge

ERP Systems

Education

Bachelor's Degree

Tools

Microsoft Excel

ERP Systems

Job description

If you think you have what it takes to become part of the GAC South Africa team, we look forward to receiving your application.

About the GAC Group

Since our beginnings, the GAC Group has been in business to help our customers' businesses by providing the best in shipping, logistics, and marine services around the world. We have the reach, resources, expertise, and experience to deliver on that promise. Our people work hard to deliver excellence in everything we do.

We are always on the lookout for professionals with qualities that match the GAC corporate philosophy. If you fit the bill, we'll welcome you to a work environment that values experience, innovation, dedication, and mutual respect, guided by the GAC Spirit which emphasizes loyalty and responsibility between management and staff.

The GAC Group is an equal opportunity employer.

About GAC Shipping (SA) (Pty) Ltd

GAC has been an established ships agent and provider of related services in South Africa. GAC South Africa is part of the global GAC Group. GAC Shipping SA is looking for candidates for the role of Financial Manager to be based at our head office in Cape Town.

Job Description

Financial and Management Reporting

1. Direct report to Managing Director on financial matters.
2. Review of monthly financial statements, management reports, and cash flow.
3. Ensure timely and accurate delivery of financial reports, perform financial analysis and meet corporate compliance with respect to legal, statutory, operational accounting policies and requirements.
4. Budgetary planning and control.
5. Preparation of financial information for Board of Directors' meeting.
6. Ensure compliance with accounting standards and other regulatory requirements.
7. Develop, seek approval and implement accounting standards, procedures, and practices.
8. Monthly cash flow reports.
9. Control cash flow to ensure that the company has sufficient funds.
10. Work in progress job reconciliations.
11. Ensuring that jobs are invoiced in the required lead days.
12. Reconciliation of all balance sheet accounts.
13. Monthly preparation of accruals and provisions.
14. Jointly authorising bank payments.
15. Check creditors' reconciliations before payment.
16. Check petty cash balances and authorise reimbursements.
17. Interim audit and year-end audit.
18. Preparation of Group consolidation pack and communicate with auditors to check and sign off once a year, submitting before the deadline.
19. Prepare and submit financial statements before deadline.
20. Quarterly consolidation pack for Group reporting.
21. Liaison with financial institutions / Insurance providers and other service providers.
22. Maintain company records and fixed asset register.
23. Responsible for ensuring that the Authorisation Matrix is up-to-date and signed by the Company Manager.
24. Annual WCA submission.
25. Calculation of monthly leave accrual.
26. Managing day-to-day operations.
27. Managing daily financial and accounting matters.
28. Lead the Finance Department.
29. Review daily and monthly cash flow reports.
30. Provide ongoing support and training to drive improvements and staff development.
31. Handle ad hoc responsibilities.
32. Manage bank facilities, signatories, authorization limits, and compliance matters.

Internal Control

1. Development and implementation of internal control process and procedure documentation.

Taxation matters

1. Tax planning & computation of company's tax matters, compliance work for VAT and corporate tax return, verify computation of tax provision.
2. Liaise with tax agent, SARS, and relevant government department on various corporate taxation matters.

Treasury matters

1. Ensure effective Treasury and Cash Flow management.
2. Foreign exchange experience is a must.
3. Exchanging foreign currency to local currency.

HR

1. Maintenance and updating of GHS confidential employee files and databases.
2. Assist in recruitment and onboarding and exit formalities.
3. HR Manual, policies, and procedures.
4. Accountable for updating staff records.
5. Accountable for office & staff insurances.
6. Arranging travel insurance for foreign travel.

Job Requirements

1. Minimum of at least 5-10 years' experience.
2. Minimum of bachelor's degree.
3. Affiliation to a professional body is preferred but not a requirement.
4. In-depth knowledge of Forex.
5. Above average knowledge of Excel and other Microsoft programs.
6. Prior experience of working on any ERP systems.
7. Prior experience of managing a team of staff.
8. Above average communication skills (written and verbal).
9. Organisational skills (able to multi-task and prioritise).
10. Good understanding of budget, profits & losses.
11. Management reporting and decision-making skills.
12. Ability to work under pressure and long hours when needed.

As a GAC colleague you will

Become part of the GAC global community. We are proud of our company culture which values all employees and recognises that there is more to them than their job title. Join a multinational organisation in a dynamic working environment. Face challenges to help both you and our organisation grow. Join us on our journey to a more sustainable future.