Finance Manager - Brits

Bonafide Human Capital Pty (Ltd); Brits; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading company in the automotive industry is seeking an experienced Financial Manager to oversee the financial department. This role involves ensuring compliance with financial practices, managing internal controls, and supporting operational goals. Candidates should possess a BCom degree with at least 5 years of relevant experience in financial management and the automotive sector.

Qualifications

• 5+ years' accounting/financial management experience in a similar environment.
• Relevant experience in the Automotive Industry.

Responsibilities

• Prepare and report financial statements to Division, H.O., and auditors.
• Ensure effective administration of operational costs within budget.
• Manage and control the administration and financial processes.

Skills

Financial Analysis

Budget Management

Internal Controls

Reporting

Risk Management

Education

BCom degree (equivalent) with Accounting NQF7+

Recognised Management/Leadership Diploma or Certificate

Job description

This position will be suited to an experienced person who has the ability to manage the financial department and maintain internal control measures to ensure that the dealership is compliant with sound financial practices and good corporate governance.

Supporting the Dealer Principal and Financial Executive in the achievement of financial objectives, identifying areas of risk and improvement, and ensuring timely and accurate reporting.

The Financial Manager furthermore supports the Human Resources function with personnel and payroll matters at the dealership level.

The responsibilities of a Financial Manager include the following tasks:

• Prepare and report financial statements to Division, H.O., and auditors (internal and external).
• Prepare and complete various weekly, monthly, and annual financial statements.
• Complete monthly management reports.
• Compile management accounts, including budgets, cash flows, variance analysis, and commentaries.
• Produce financial and management information.
• Maintain the integrity and reliability of the financial data.
• Ensure that month-end cut-offs are compliant in terms of company policies.
• Manage the effective and timely provision of financial, statutory, and sustainability reporting including cash
  
  

flows, variance analysis, and commentaries.

• Oversee accurate reconciliation of all financial records to enable verification of the validity of transactions
  
  

and to take appropriate action where required.

• Prepare and complete financial budgets for the dealership in conjunction with departmental managers and
  
  

other stakeholders.

• Ensure effective and efficient administration of operational costs within budget, identify areas of financial
  
  

and operational risk, and escalate appropriately.

• Supervise cash management activities.
• Responsible for co-signatory of payments with Dealer Principal by approved policies and procedures.
• Manage and report on progress against the operational budget in liaison with the Dealer Principal.
• Analyse and interpret financial information:
• Complete analysis of financial data to understand and compare business results; interpret and analyse
  
  

financial data to draw conclusions and trends from the financial analysis.

• Complete profit and loss analysis.
• Complete and update daily cash flow statements to establish working capital requirements.
• Assist in the preparation and timely filing of all internal accounting and financial reports for governmental
  
  

and regulatory bodies.

• Accurately calculate and process VAT, provisional tax, etc.
• Establish and monitor internal controls.
• Implement corporate governance and compliance policies and processes to identify and manage risks and
  
  

expose liabilities.

• Manage and control the administration and financial processes within the dealership.
• Conduct reconciliation of vehicles, parts, and service assets, verify against accounting records, and address
  
  

all anomalies with senior line management.

• Manage supplier and customer relationships; ensuring effective debtors and creditors processes are in
  
  

place and adhered to.

• Identify opportunities to minimize cost and increase revenue.
• Manage the security of all assets within direct control, i.e. cash, and fixed assets, in line with approved
  
  

policies, processes, and procedures.

• Attract, retain, appraise, train, coach and develop finance and administration team members.
  
  

Qualifications And Experience Minimum Qualifications And Experience Needed

• BCom degree (equivalent)with Accounting NQF7+.
• Recognised Management/ Leadership Diploma or Certificate – an advantage
• 5+ years' accounting/ financial management experience in similar environment
• Relevant experience in the Automotive Industry.