Financial and Compliance Manager

Smith Garb & Associates; Midrand; On-site; ZAR 50 000 - 90 000; Full time

Job summary

An established industry player in the cold storage and distribution sector is seeking a hands-on Financial and Compliance Manager. This exciting role involves providing strategic financial advice to senior management, ensuring compliance with legal standards, and managing financial reporting and risk. You will lead a dynamic team, drive innovation projects, and ensure the integrity of financial practices. If you are passionate about financial management and compliance in a fast-paced environment, this opportunity is perfect for you.

Qualifications

• 5+ years of Financial Management experience in the Distribution sector.
• Strong background in compliance and risk management.

Responsibilities

• Manage financial targets, prepare budgets, and analyze financial reports.
• Ensure compliance with laws and regulations, perform audits, and draft contracts.

Skills

Financial Management

Compliance Management

Risk Management

Leadership

Financial Reporting

Education

B.Com (Accounting)

B.Com (Law)

CIMA qualification

Tools

MS Dynamics

Job description

Cold Storage / Distribution company based in Midrand, has an exciting opportunity for a hands-on operational Financial and Compliance Manager to join their team. Report directly to the COO and be responsible for providing financial and legal advice to Senior Management as well as ensuring compliance to applicable laws and legislation.

POSITION INFO :

A completed B.Com (Accounting) / B.Com (Law) as well as a CIMA qualification is desired, coupled with 5+ years of Financial Management experience within the Distribution / Cold Chain sector. 5 years experience as a Financial Manager is essential, as well as exposure to MS Dynamics, which is highly advantageous. Key Performance Indicators (KPIs) include:

Financial Management and Reporting :

1. Manage the annual financial targets and performance against business plans, targets, sales results, EBITDA, cost control, and pricing.
2. Prepare and analyze weekly management accounts, adhering to strict deadlines.
3. Preparation of fully detailed annual budgets including:

• Income Statements
• Balance Sheets
• Cash Flow Statements
• Capital Expenditure

Validate actual versus budget variance reports with full details of variances. Prepare actual versus weekly reports and explanations for variances. Conduct forecasting and planning for the facility. Oversee stock integrity and review stock reconciliations to ensure accuracy. Prepare detailed reconciliations of all balance sheet accounts. Oversee correct allocation of all costs for the business.

Company Secretarial and Compliance duties :

• Ensure adherence to organizational policies and procedures, especially regulatory and ethical standards.
• Perform regular audits, design control systems, and help implement company policies.
• Draft and review customer and supplier contracts.
• Deal with banks regarding standard terms, conditions, contracts, and loan documents.
• Provide legal advice and support to ensure compliance with relevant legislation.
• Research legislation, regulation, and general laws of South Africa.
• Develop, maintain, and roll out contracts, policies, and guidance documents.
• Advise the company on best practices and financial matters.
• Ensure CIPC compliance and oversee company secretarial duties.

Risk Management :

• Manage stock and stock controls to minimize inventory risks.
• Implement and maintain policies on financial risk and mitigation.
• Report on risk issues promptly.

Innovation Projects :

• Investigate, motivate, and drive digitalization and efficiency projects to enhance customer service levels.

Leadership of employees :

• Provide leadership in a motivational environment.
• Manage Key Performance Areas and monitor performance standards.
• Implement procedural and fair disciplinary actions as needed.

Ad-hoc :

• Assist with benchmarking, best practices, and provide recommendations.