Finance Manager

Bonfiglioli; South Africa; On-site; ZAR 500,000 - 900,000; Full time

Job summary

A global manufacturing company in South Africa is seeking an experienced financial manager. Responsibilities include managing accounting records on SAP, ensuring compliance with local accounting regulations, preparing financial reports, and analyzing financial performance to improve business strategies. Strong knowledge of IAS/IFRS standards and tax compliance is necessary for this role.

Qualifications

• Experience with SAP for managing accounting records.
• Knowledge of local accounting regulations and IAS/IFRS standards.
• Ability to prepare financial statements and consolidated reports.

Responsibilities

• Manage financial reporting activities and oversee banking processes.
• Prepare monthly and annual reports, ensuring compliance with regulations.
• Analyze financial performance and propose corrective actions.

Job description

Mission

Manages accounting and financial reporting activities within the organization to ensure effectiveness and efficiency. Oversees banking, financial reporting, tax payments, payment processes (debts and credits), and assists in preparing financial projections (Budget and Forecast).

Main Responsibilities

Accounting & Tax

• Manages accounting records on SAP.
• Ensures compliance with local accounting regulations and monitors the production of financial reports, ensuring they comply with IAS/IFRS standards.
• Prepares financial statements and consolidated reports in accordance with legislation and company policies.
• Provides advice on improving accounting systems and procedures, initiating corrective actions when necessary.
• Prepares monthly and annual reports to monitor the local balance sheet and financial health, proposing corrective actions if needed.
• Acts as an internal tax advisor, ensuring tax compliance and resolving tax issues.
• Identifies tax risks and opportunities, proposing mitigation measures.

Controlling

• Analyzes connections with Material Management, Production Planning, and Cost Center modules to provide product costing insights.
• Performs standard cost calculations and analyzes production and stock data concerning financial impacts.
• Monitors KPIs related to business performance and working capital management.
• Analyzes financial performance, including working capital, financial structure, and profitability, providing insights and corrective guidelines.

Finance & Treasury

• Monitors daily cash balances and determines cash requirements.
• Evaluates and authorizes payment instruments, ensuring proper documentation and compliance.
• Ensures accurate SAP accounting of bank transactions and maintains supplier banking information.
• Oversees currency transactions and shares market exchange insights with local Finance.
• Monitors expenditures and profits, recommending cost management strategies to maximize profits.