Financial Controller

Tower Group South Africa (PTY) Ltd; Durban; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading automotive company in Durban is seeking an experienced Financial Controller. This role involves providing financial analysis, supporting debt management, and ensuring compliance with regulations. Candidates should have a Bachelor’s in Financial Accounting and at least 5 years of relevant experience. Competitive benefits are offered with a full-time contract.

Qualifications

• Minimum 5 years’ experience in a similar role.
• Experience in financial reporting and analysis.
• Knowledge of financial compliance regulations.

Responsibilities

• Provide financial analysis and support to management.
• Monitor and support debtors and creditors.
• Prepare and review financial reports and returns.

Skills

Financial analysis

Compliance with IFRS

Debt and creditors management

Stakeholder reporting

Education

Bachelor of Commerce in Financial Accounting

National Diploma in Financial Accounting

Job description

Our client, a leader in the automotive industry is seeking an experienced Financial Controller to join their team based in Durban.

MINIMUM REQUIRREMENTS

• Grade 12
• National Diploma or Bachelor of Commerce in Financial Accounting or related qualification
• Bachelor of Commerce (Accounting), CA(SA) or CIMA advantage
• Minimum 5 years’ experience in a similar role.

MAIN JOB FUNCTIONS

• Provide financial analysis and support to management and all operational areas of the business
• Monitor and support debtors and creditors
• Maintenance of the fixed asset register
• Control intercompany balancing
• Review weekly payroll
• Review and action financial variances (Budget / Forecast)
• Review and action Balance Sheet Account variances
• Ensure compliance with IFRS
• Maintain the plant CAPEX & Tooling Reports
• Generate information and reports for internal and external use
• Comply with Internal Controls
• Maintain and Review the Risk Register
• Participate in the budget/forecast process
• Prepare budgets and forecasts for plants
• Prepare plant P/L and balance sheet forecasts
• Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
• Compile the BU/ Plant Flash Results and analyse variances
• Compile and review Weekly Sales Reports
• Prepare Provisions and Accruals
• Compile Royalties schedule for month end processing
• Prepare general ledger journals
• Compile general ledger reconciliations
• Prepare & maintain a CAPEX and Tooling register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.
• Prepare CAPEX requisitions with all relevant information regarding the CAPEX project.
• Support useful life and residual value of Fixed Assets analysis
• Maintain the BU/Plant Tooling Reports
• Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
• Prepare and arrange royalty audits
• Calculate landed cost on all import shipments
• Prepare / Review DA 190 (Declaration of Imported Components and Raw Materials)
• Investigate Purchase Price Variances (PPV)
• Generate variance report of Actuals to budgeted information
• Compile daily stock holding report
• Oversee Stock Takes
• Assist with investigating stock count variances
• Overall responsibility for stock
• Oversee cash management function of the plant
• Monitor daily cash positions and cash flows to ensure settlement and maximise performance
• Manage cash flow and working capital for the plant
• Review Forex Forecasts
• Plant FEC contracts based on AP requirements
• Identify improvement opportunities and make recommendations for improvements
• Participate in Continuous Improvement initiatives
• Prepare financial reports and returns
• Generate information and reports for internal and external use
• Ensure an enabling climate/culture.
• Ensure a safe, secure and legal working environment.
• Manage individual, team and departmental performance to achieve organisational objectives.
• Determine the training needs of the Department.
• Coach and counsel people to ensure improved performance levels
• Ensure discipline is maintained in department (absenteeism, lateness, overtime, misconduct, etc.)
• Resolve grievances and disputes
• Identify potential hazards and critical safety issues in the workplace
• Address workplace hazards and risks
• Work safely and use safety equipment