Finance Manager

Ikwezi Mining; Midrand; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Ikwezi Mining is seeking a Financial Manager to oversee financial management, ensure reporting accuracy, and lead accounting activities. The role includes budgeting, forecasting, and conducting financial analyses to inform strategic decision-making within a dynamic team in the mining sector.

Qualifications

• 5-6 years of experience in financial management or accounting roles.
• Knowledge of IFRS and relevant regulations.
• Detail-oriented with a high level of accuracy.

Responsibilities

• Oversee financial reporting and accounting processes.
• Lead month-end and year-end close activities.
• Conduct financial analyses and provide insights to management.

Skills

Financial Reporting

Analytical Skills

Problem-Solving

Communication Skills

Education

Chartered Accountant

Honours Degree in Finance

Tools

Accounting Software

Microsoft Excel

Job description

As a Financial Manager you will oversee various aspects of financial management and ensure accuracy in reporting. Lead accounting activities, collaborating with cross-functional teams, and contributing to strategic financial decision making.

Key Responsibilities :

General :

• Implement accounting systems and processes for the organisation
• Overseeing the duties and performance of accounting team
• Detect and prevent financial frauds that may arise
• Laise with auditors and other stake holders
• Prepare and analyze accurate and timely financial statements in accordance with accounting principles.
• Prepare and present monthly management accounts which includes income statement, balance sheet, cash flow and ration analysis.
• Ensure compliance with relevant regulations and reporting standards.

Month-End and Year-End Close :

• Lead the month-end and year-end close processes, including reconciliation of accounts and preparation of adjusting journal entries.
• Collaborate with cross-functional teams to gather necessary financial data.

General Ledger Management :

• Maintain and reconcile general ledger accounts, ensuring accuracy and completeness
• Investigate and resolve discrepancies or variances in financial records.

Budgeting and Forecasting :

• Contribute to the budgeting and forecasting processes by providing accurate financial data and analysis.
• Assist in monitoring actual performance against budgeted figures.

Financial Analysis :

• Conduct financial analyses to identify trends, variances, and opportunities for improvement.
• Provide insights and recommendations to management based on financial data.

Audit Support :

• Support internal and external audit processes by preparing audit schedules, providing necessary documentation, and addressing auditor inquiries.
• Implement audit recommendations to enhance internal controls.

Tax Compliance :

• Assist in the preparation of tax returns and ensure compliance with tax regulations.
• Collaborate with tax professionals to address tax-related inquiries and support tax planning.

Fixed Assets Management :

• Manage the accounting for fixed assets, including capitalization, depreciation, and disposal.
• Ensure accurate and up-to-date records of fixed asset transactions.
• Review the accuracy of wear and tear schedule /

Financial Systems Maintenance :

• Oversee the maintenance and integrity of financial systems and databases.
• Collaborate with IT and other departments for system enhancements or upgrades.

Team Leadership and Training :

• Provide guidance and mentorship to accountants and ensure timely work execution.
• Conduct training sessions on accounting processes and procedures

Minimum requirements :

• Chartered Accountant would be preferred with 5-6 years of work experience. Or Financial Manager with Honours Degree and 6 years+ experience
• Mining experience would be an advantage
• Good understanding of IFRS, SARS & SARB Regulations.
• Substantial experience in accounting roles, with a focus on financial reporting and analysis
• Proficiency in accounting software and Microsoft Excel
• Strong understanding of accounting principles and financial regulations
• Excellent analytical and problem-solving skills
• Effective communication and interpersonal abilities
• Detail-oriented with a high level of accuracy