Financial Controller

Abantu Staffing Solutions; Durban; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading company in Durban seeks to hire a Financial Manager to oversee financial management and reporting functions. The position requires a Bachelor of Commerce and significant experience. The Financial Manager will be responsible for providing support on financial strategic plans, managing compliance with IFRS, and ensuring effective general financial management. This role also involves oversight of budgeting, forecasting, and continuous improvement initiatives.

Qualifications

• Matric / Grade 12 is required.
• 5+ years of experience in a similar role.
• CA(SA) or CIMA qualification is highly advantageous.

Responsibilities

• Consolidate and report financial information.
• Manage and maintain accounting and business intelligence systems.
• Prepare financial reports and returns.

Skills

Financial Analysis

Reporting

Cash Flow Management

Forex Management

Internal Controls

Education

Bachelor of Commerce in Financial Accounting

National Diploma in Financial Accounting

CA(SA) or CIMA

Job description

Job Purpose:

• To consolidate and report financial information. Reporting to: Financial Manager (Business Unit)

Minimum requirements:

• Matric / Grade 12
• National Diploma or Bachelor of Commerce in Financial Accounting or related qualification
• 5+ years’ experience in a similar role
• Bachelor of Commerce (Accounting), CA(SA) or CIMA - Highly advantageous

Main responsibilities:

Financial Strategy:

• Provide support on the Financial Strategic Plans

General Financial Management & Reporting:

• Provide financial analysis and support to management and all operational areas of the business
• Review and action financial variances (Budget / Forecast)
• Review the BU/ Plant Flash Results and analyse variances
• Review and action Balance Sheet Account variances
• Prepare financial reports and returns
• Generate information and reports for internal and external use

Financial Management Systems:

• Manage and maintain the accounting and business intelligence systems
• Administer the company's Management Information System

Internal Control:

• Design, document and implement Internal Controls
• Maintain and Review the Risk Register
• Comply with Internal Controls

Budgets:

• Prepare the consolidated Budget process and timing plan
• Review Operational budgets
• Co-ordinate and consolidate all budgets

Forecasts:

• Prepare the consolidated forecast process and timing plan
• Co-ordinate and consolidate all forecasts
• Review all forecasts

Financial Pack:

• Prepare and circulate the Monthly BU Financial Pack
• Prepare financial reports and returns (Monthly BU/Plant Financial Pack)

Flash Results:

• Review the BU Flash Results and action variances
• Review the BU/ Plant Flash Results and analyse variances

CAPEX & Fixed Assets:

• Consolidate & maintain the BU/Plant Capex Reports
• Review CAPEX spend
• Support useful life and residual value of Fixed Assets analysis

Tooling:

• Consolidate & maintain the BU/Plant Tooling Reports

Weekly Sales Report:

• Review Weekly Sales Reports

General:

• Comply with IFRS

General Ledger:

• Review Balance Sheet Account reconciliations
• Review and authorise Journal entries

Audits and Year-End Processes:

• Prepare the consolidated Audit plan
• Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
• Prepare reporting Accounting, Audit and Tax Packs
• Facilitate completion of financial statements for Legal entities
• Conduct a final Review and submit to Holding Company

Banking:

• Release weekly bank transfers (creditors and wages)
• Review and authorise Creditors payments

Cash Management:

• Oversee cash management function of the BU.
• Monitor daily cash positions and cash flows to ensure settlement and maximise performance
• Manage cash flow and working capital

Debtors Management:

• Oversee debtors’ function of the BU.
• Facilitate and input into debtors’ management process
• Review debtors age analysis, providing an analysis and action plans for debt collections

Creditors:

• Oversee creditors function of the BU.
• Facilitate and input into creditors management process
• Review creditors age analysis and GRNI providing an analysis and action plans

Forex:

• Manage Forex risk
• Review Forex Forecasts

Statutory Returns:

• Ensure compliance with the general tax provisions
• Review Statutory Returns (VAT, PAYE, SDL, UIF, WCA) and ensure that they are submitted timeously
• Support process of Provisional/Income Tax returns
• Prepare and submit Government Incentive Applications

Insurance:

• Review and submit Insurance Declarations
• File claims for losses

Continuous Improvement:

• Identify improvement opportunities and make recommendations for improvements

People Management:

• Ensure an enabling climate/culture
• Participate in the implementation and utilisation of equity related processes
• Compile and update Performance Contracts and Individual Development Plans and facilitate individual career path planning
• Conduct Performance Reviews and manage sub-standard performance