Financial Controller

Ares Holdings; Cape Town; On-site; ZAR 30 000 - 60 000; Full time

Job summary

Join a rapidly expanding distributor known for its aspirational brands in a dynamic financial role. You will oversee the full financial reporting function, ensuring compliance with statutory obligations while managing a dedicated accounting team. This position offers a unique opportunity to contribute to cash flow forecasting and the preparation of management accounts. With a focus on analytical skills and advanced Excel knowledge, you will play a crucial role in supporting financial decision-making. The company fosters a vibrant workplace culture with numerous employee engagement activities, making it an exciting place to grow your career.

Benefits

Gym & Shower facilities

Personal Trainer

Yoga

Pension Fund

Medical aid with Gap cover

Staff Allocation (R10 000 Retail Value per annum)

Staff discount (50% off for you and your family)

Healthy Lunch subsidy

Company performance incentive scheme

Holistic Employee Wellness programme

Qualifications

• At least 3 years’ experience in retail or similar.
• Relevant tertiary qualification required.

Responsibilities

• Responsible for full financial reporting function.
• Supervise accounting team and manage payments.

Skills

Analytical Skills

Advanced Excel

Data Handling

Pressure Resilience

Education

BCom or similar

Tools

SAP Business One

Job description

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Job Summary:

The role is responsible for full financial reporting function up to management account level, along with all statutory obligations in terms of VAT, income tax & PAYE. Will supervise the accounting team consisting of debtor’s controller, creditors clerk and POS clerk. Manage payments and assisting FM in cash flow forecasts. Preparation, analysis, and presentation of management accounts to FM.

Key Performance Areas

• Key Performance Areas
• Cashbook
• Review and oversight of the following
• General processing
• Credit card processing
• Petty cash processing
• Record journal entries

Data Capturing and Reconciliation

• Prepare reconciliations for each balance sheet account.
• Review cash & credit card account reconciliations
• Record journal entries
• Capture statutory returns: PAYE, SDL, VAT
• Capture payroll journals

Creditors Control

• Capture invoices
• Prepare payments.
• Record journal entries

Supervise Team

• Supervise the debtors and creditors clerk, including daily support, performance reviews and career planning.

General

• Assist with preparation of budget models.
• Managing UA account and preparing payment forecasts based on goods landed and due.
• Weekly review of FEC and additional cover forecast based on statement and forecast inbound report. Monitor forward exchange contract expiry dates and notify CFO to extend/draw down.
• Assist auditors with any queries arising in the audit.
• Assist with any ad hoc duties!

Reporting

• Preparation of monthly management accounts including presentation and analysis of accounts to FM
• Cash flow weekly template updates
• Weekly sales tracker preparation and margin review
• VAT return and liability reconciliation
• VAT turnover reconciliation (month and period to date)
• Sales system reconciliations - POS (Shopify and Cistech / new POS)
• Fixed assets register maintenance and General Ledger reconciliation
• Inventory valuation and reconciliation to General Ledger
• Assisting FM in monthly provisions
• FX provisions based on shipment update, discount provision, stock write off provision, etc
• Payroll reconciliation SAGE to General Ledger (month and period to date)
• Rental Commitment schedule update and General Ledger reconciliation
• POS reconciliation – financial controller signing off on it daily.
  

Requirements

• Relevant tertiary qualification (BCom or similar)
• Exposure to articles
• At least 3 years’ working experience within a retail or similar environment.
• Knowledge of an accounting system – knowledge of SAP Business One would be advantageous.
• Advanced knowledge of Excel
• Able to handle large volumes of data
• Analytical
• Pressure resilient
  

Perks & Benefits

• You get to work for a rapidly expanding distributor with aspirational brands
• Gym & Shower facilities
• Personal Trainer
• Yoga
• Pension Fund
• Medical aid with Gap cover
• Staff Allocation (R10 000 Retail Value per annum).
• Staff discount (50% off for you and your family across all the brands within the group)
• Healthy Lunch subsidy
• Company performance incentive scheme
• Long-service incentives
• Holistic Employee Wellness programme
• The group prides itself in its effort to drive continuous employee engagement activities to enable a connected culture.

Should you not be contacted regarding this position within 3 weeks from the closing date, please regard your application as unsuccessful.

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