Finance Manager

Boardroom Appointments; Gauteng; On-site; ZAR 750 000 - 900 000; Full time

Job summary

A leading recruitment agency is seeking a Finance Manager to oversee daily finance functions and maintain financial compliance. The ideal candidate should be a Chartered Accountant (CA) with 5-8 years of post-article experience, excellent financial management skills, and a strong understanding of the FMCG market. Responsibilities include managing financial oversight, preparing reports, and ensuring compliance with tax regulations. This position requires strong leadership capabilities and teamwork to foster collaboration within the organization.

Qualifications

• 5-8 years of post-article experience in finance.
• 3-5 years of experience in a management role leading teams.
• In-depth understanding of financial accounting principles.

Responsibilities

• Manage daily finance functions for the operating unit.
• Ensure financial completeness and maintain the general ledger.
• Prepare financial reports for the operating unit.
• Compile year-end reporting packs and prepare statutory statements.
• Prepare year-end tax computations and submit tax returns.
• Ensure compliance with cash policies and manage daily cash flow.
• Support fixed assets team with annual asset verification.
• Oversee debtor and creditor management.
• Manage and develop the finance team.
• Implement improved control procedures.

Skills

Financial management

Analytical precision

Communication of technical concepts

Tolerance of stress

Management experience

Knowledge of FMCG market

Understanding of Tax and VAT

Education

Chartered Accountant (CA) (SA)

Job description

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.