Finance Manager

Professional Recruitment Network; Wes-Kaap; On-site; ZAR 600 000 - 1 000 000; Full time

Job summary

An established industry player is seeking a Financial Manager to oversee financial reporting and compliance across their subsidiaries. This role is pivotal in shaping the finance strategy in alignment with the overall business objectives. The successful candidate will manage key financial processes, lead a team, and ensure adherence to relevant legislation. With a focus on enhancing financial performance and governance, this position offers an exciting opportunity to make a significant impact in a dynamic environment. If you have a strong background in finance and leadership, this could be the perfect role for you.

Qualifications

• 5+ years' experience in Finance with audit management experience.
• Advanced computer literacy in financial software and MS Office.

Responsibilities

• Manage financial reporting and ensure compliance with regulations.
• Lead a team to achieve financial goals and strategic objectives.

Skills

Financial Management

Accounting Standards

Leadership

Financial Reporting

Compliance Management

Tax Management

Project Management

Communication

Education

Qualified CA (SA)

Tools

MS Office Software

Google Suite

Financial Systems

Job description

Our client, a leader in their field, is recruiting for a Financial Manager to join their successful team. The successful candidate will be responsible for ensuring the reliability of accounting, managing the financial reporting of the company's subsidiaries, end-to-end project management of financial related projects, as well as providing advice and support to Management to enable them to make informed business decisions.

Responsibilities include:

1. Contribution to Strategy:
   • Providing input and supporting the implementation of the Finance strategy that is aligned with the annual business strategy.
   • Communicating and executing action plans (i.e. specifications, timelines and budget).
2. Team Management:
   • Establishing clear, specific and measurable objectives for the team and driving team delivery and contribution.
3. Management Accounts and Statutory Reporting:
   • Managing key financial processes such as CEO Report, Group Report, new accounting standards, annual budgets, quarterly forecasts and annual audits.
   • Managing various reports for the business (e.g. income statements, Exco reports and presentations).
4. Treasury Management:
   • Managing all banking relationships, systems and payments.
   • Managing all store deposits and card transactions across the Africa countries.
5. Stock and GP's:
   • Ensuring accurate and timely recording, analysing inventory entries and monitoring effective Gross Profit %.
   • Reviewing and reconciling inventory export and import entries.
6. Compliance Management:
   • Ensuring compliance and relevant report back with regards to the South African Reserve and other relevant legislation (including VAT acts) pertaining to imports and export transactions.
   • Monitoring compliance to local in-country (in Africa) central bank legislation compliance and supporting Country Financial Managers to ensure compliance.
7. Policies and Procedures:
   • Maintaining agreed and standardised Treasury policies and procedures, including but not limited to minimum cash balances per annum, Counterparty risk and Repatriations priority.
8. Tax Management:
   • Ensuring timely submission and payment of the various returns (VAT, PAYE, Tax).
   • Ensuring accurate and on time accounting and reporting of Tax in line with IFRS and/or local GAAP.
9. Ad hoc tasks and involvement in projects.

Requirements:

• Qualified CA (SA).
• 5+ years' experience in Finance environment (of which at least 3 years' audit management experience).
• 3 years leadership/management experience (advantageous).
• Retail industry experience will be advantageous.
• Knowledge of financial control environment and governance.
• Understanding of the business, industry and economic environment and relevant role-players.
• Knowledge of accounting for foreign currencies and consolidation is desirable.
• Computer literacy: Advanced level (MS Office Software, Google Suite and Financial systems).
• Willingness to travel to Africa on an ad hoc basis.