Financial Controller

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

Job summary

A recruitment agency in Durban is seeking a Finance Manager to manage financial reporting and compliance. Responsibilities include consolidating financial data, preparing budgets, and ensuring adherence to financial regulations. The ideal candidate will possess a National Diploma or Bachelor of Commerce in Financial Accounting, with at least 5 years of experience in a similar role. CA(SA) or CIMA qualifications are highly advantageous. This role offers an opportunity for significant contributions to financial strategy and operations.

Qualifications

• 5+ years’ experience in a similar role.
• Bachelor of Commerce (Accounting), CA(SA) or CIMA is highly advantageous.

Responsibilities

• Consolidate and report financial information.
• Provide support on Financial Strategic Plans.
• Manage and maintain accounting and business intelligence systems.
• Design, implement and maintain internal controls.

Skills

Financial analysis

Budget preparation

Cash management

Tax compliance

Internal controls implementation

Education

National Diploma or Bachelor of Commerce in Financial Accounting

Matric / Grade 12

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