Financial Controller

Lucy Group; Gauteng; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading electrical supply company in South Africa is seeking a Financial Controller to manage financial activities and lead the finance team. The ideal candidate should have a degree and at least 5 years of accounting experience, with strong analytical and communication skills. Responsibilities include preparing management reports, conducting variance analysis, and ensuring compliance with tax regulations. This is an essential role that requires strategic thinking and the ability to influence decision-making across the company.

Qualifications

• 5 years' accounting experience within a commercial and manufacturing business.
• Ability to produce management reports and present results.
• Knowledge of the electrical supply industry is a plus.

Responsibilities

• Manage financial activities for Lucy Electric South Africa.
• Prepare monthly management reports and annual budgets.
• Support decision making by providing financial insights.

Skills

Strategic thinking

Strong communication skills

Data analysis

Financial modelling

Attention to detail

Problem-solving skills

Education

Degree or equivalent

Tools

Microsoft Dynamics

Excel

Job description

Internal Job Title : Financial Controller

Business :

Lucy Electric South Africa

Location :

Honeydew, Roodepoort, South Africa

Job Reference No : Job Purpose

Responsible for the financial activities of Lucy Electric South Africa.

Job Context

This is the lead Financial role within the LESA and will manage a local Finance Team.

Lucy Electric is a leader in secondary power distribution solutions with over years' industry experience.

Specialising in high-performance medium voltage switchgear for utility, industrial and commercial applications, we enable the safe and reliable distribution of energy to homes and businesses worldwide.

The role will report into Group Finance Director with day to day reporting to General Manager LESA.

Job Dimensions

To undertake business travel abroad or within Southern Africa as and when required.

Key Accountabilities

• Analyse and review monthly results.
• Perform variance analysis against current and prior year monthly results.
• Provide support and strategic input to management.
• Identify trends in financial performance and provide recommendations for improvement
• Prepare monthly management reports
• Responsibility for Financial Control and record keeping
• Development of financial control systems and procedures
• Responsibility for all areas of the year-end audit
• Manage relationship with local auditors
• Ensure integrity of inventory
• Preparation of quarterly profit, balance sheet and cash flow forecast
• Preparation of annual budget and co-ordination of management plan
• Provide an input into Lucy Electric's medium-term strategic plan
• Responsibility for funding and cash flow management
• Analyse and review forecast and budget results
• Perform variance analysis against budget (forecast) and prior year results

Treasury

• Responsibility for foreign currency conversion (working with Group Treasury department)
• Responsibility for customer credit limits and cash collections
• Manage local banking relationships

Tax

• Compliance with local tax regulations
• Responsibility for both direct and in-direct taxes
• Manage the relationship with local tax specialist
• Liaison with Group Tax department

Business Partnering

• Provide financial information and advice to support decision making by the CEO and local management
• Develop financial and operating management information
• Support for sales tendering and perform financial reviews of key tender and contract terms and conditions
• Supporting business initiatives (e.g. outsourcing, cost control and reduction)
• Fixed asset investment appraisal
• Network with local management to improve information for decision making
• Support external relationships with key stakeholders

Development of Business Systems

• Represent Finance in the development of Microsoft D
• Support the development of best practice and performance metrics

Management of Finance department

• Day to day staff management

Other duties

• Undertake any other duties and responsibilities as required / instructed in order to maintain and / or improve the efficiency, quality and service provided.

Qualifications, Experience & Skills

Essential Qualification :

• Education to degree level or equivalent
• 5 years' accounting experience within a commercial and manufacturing business.
• Strategic thinking
• Strong communication skills with the ability to communicate financial data to non-financial employees
• Able to produce management reports with the ability to present the results in meetings
• Extensive experience in analysing data for decision making purposes and able to communicate the findings for all levels
• Ability to prioritise workload effectively
• Ability to document business procedures
• Strong working knowledge of Excel and financial modelling
• Excellent analytical, decision-making, and problem-solving skills
• Attention to accuracy and detail required
• Ability to influence and persuade
• Excellent verbal and written English language skills
• Full driving licence
• Knowledge of the electrical supply industry
• Knowledge and use of Microsoft D
• Sound IFRS knowledge.

Inspires

• Leader able to influence others at all levels of the organisation
• Leads by example and inspires our people to do the right thing
• Articulates a clear vision for the future
• Empowers and trusts our people to come up with the right solutions
• Cooperates and works across the organisation to deliver the business results
• Encourages challenge to foster new ideas and ways of doing things
• Gets things done and makes it easy for others to do the same
• Builds authentic, effective working relationships

Integrity

• Values our culture and actively encourages sharing different points of view
• Is true to themselves and their own values, beliefs and convictions – takes time to grow continuously

Transparency

• Communicates with clarity
• Openly encourages debate to achieve the best outcomes
• Open to giving and receiving feedback; identifies, coaches and develops future talent

Does this sound interesting?

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