Financial Manager

Ithemba Recruitment- Sourcing Top Talent; Durban; On-site; ZAR 500 000 - 800 000; Full time

Job summary

A recruitment firm specializing in finance roles is looking for a candidate with strong financial management skills in Durban. The position involves reviewing transactions, ensuring compliance with financial regulations, and managing a team. Ideal candidates should hold a finance degree and have 2-4 years of relevant experience, along with leadership capabilities. The role offers an opportunity to contribute to financial improvements within a dynamic environment.

Qualifications

• Post articles experience outside of an Auditing or Accounting Firm, must have experience within other industries, ideally 2 - 4 years.
• 2 - 3 years experience in managing a team.
• Compliance with relevant legislation and professional standards.

Responsibilities

• Review and approve non routine transactions including finance costs/income.
• Enforce thorough review and timeous settlement of inter-company trade accounts.
• Drive continuous improvement in supplier terms.
• Identification of control weakness and implementation of internal controls.

Skills

Financial analysis

Team management

Compliance knowledge

Education

Degree in Finance, Accounting or related field

Completed SAICA articles

Job description

• Review and approve non routine transactions (depreciation, impairments, provisions, finance costs/income, discounting, management fees, administration fees etc.).
• Enforce thorough review and timeous settlement of inter-company trade accounts, loan accounts, shareholder loans, bank loans, bank facilities, creditors, SARS (Income Tax, PAYE, VAT) in line with agreed payment terms.
• Drive continuous improvement in supplier terms.
• Identification of control weakness, designing of internal controls and implementation thereof.
• Review and approve adequate reassessment of useful lives, depreciation methods and residual values for tangible and intangible assets quarterly.
• Review and approval of the profit and loss on asset disposals.
• Review and approval of stock count variances.
• Review and approval of petty cash expenses, count variances and required top up.
• Review procurement within the entities and ensure we meet the required targets. Ensure that updated BEE Certificates are kept on file for audit purposes.
• Remaining up to date with foreign country tax, reserve bank and other compliance regulations. Required to work closely with the compliance team to prepare all necessary agreements.
• Continuous review of foreign currency exchange rates and to ensure that the group are utilizing the most beneficial rate for the business.
• Support the CFO and Group FM with specific projects and reports and data extractions.
• Approve capex, expenses, and disposals within your authoritative limits.
• Ensure that administration and management fees within the group are relevant and reflective of the time/effort involved in rendering intergroup services.
• Review Ts and Cs of credit applications (supplier and debtor credit applications).
• Ordering forex for business travel and ensuring all AODs are signed by the respective team members.
• Working with other Financial Managers on group wide initiatives and processes to align.
• Review of the group betting taxes.
• Review and oversight of all new products/platforms.
• Review of monthly management accounts including analysis/commentary.
• Review of the annual financial statements, tax computations and related workings.
• Review of high-risk balance sheet reconciliations and overall monthly working paper files.

Qualifications and experience:

• Degree in Finance, Accounting or related field
• Completed SAICA articles.
• Post articles experience outside of an Auditing or Accounting Firm, must have experience within other industries, ideally 2 - 4 years.
• 2 - 3 years experience in managing a team
• Compliance with relevant legislation and professional standards.