Financial Manager

Boardroom Appointments; Kempton Park; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

Boardroom Appointments is seeking a Chartered Accountant with strong FMCG experience to lead monthly management accounts, year-end reporting, and control processes. The role involves coordinating with the Holding Company, managing debtors, rebates, and inventories, and guiding a bookkeeping team to improve efficiency and control over financial data.

The ideal candidate will have extensive experience in VAT, income tax, and audit support, with a focus on reducing costs and ensuring compliance

Qualifications

• Monthly management accounts and annual financial reporting.
• Coordinate and submit to the Holding Company.
• Undertake variance analysis to monthly management accounts.
• Manage the day-to-day financial matters, including debtors.
• Monthly and annual rebate control and reconciliation with suppliers.
• Reconciliation of rebates to General Ledger.
• Ensure back-end supplier support, discounts, and rebates are received per agreements.
• Monitor supplier spend in relation to rebates due based on set targets.
• Monthly accruals and creditors management.
• General Ledger maintenance and reconciliation for Holding Company reporting Accountant.
• VAT and income tax: calculations, reconciliations, and submissions to Holding Company reporting accountants.
• Ensure compliance with government-required statistics.
• Preparation of schedules and liaison regarding year-end audits.
• Reconciliation of inventory.
• Monitor, manage, and analyze inventory aging to reduce inventory days.
• Management of bookkeeping staff.
• Recommend financial actions by identifying risks and overspend.
• Substantiate financial transactions by sound analysis.
• Maintain accounting and internal controls by policies and procedures.
• Guide accounting staff and reconcile discrepancies.
• Maintain financial security by following internal controls.
• Analyze financial information to highlight operational shortcomings and costs.
• Recognize issues and implement sustainable solutions.
• Proactively drive solutions and recommendations for cost savings.
• Any further finance-related responsibilities as directed.

Responsibilities

• Monthly management accounts and annual financial reporting.
• Coordinate and submit to the Holding Company.
• Undertake variance analysis to monthly management accounts.
• Manage debtors and inventory-related processes.
• Reconciliation of rebates to General Ledger and suppliers.
• VAT and income tax submissions to Holding Company accounting.
• Year-end audit support and inventory reconciliation.
• Lead bookkeeping staff and drive process improvements.
• Identify risks and implement cost-saving actions.
• Ensure internal controls and financial discipline across the team.

Skills

Chartered Accountant

FMCG experience

Management reporting

Variance analysis

Debtors management

Inventory management

Internal controls

Team leadership

Education

Chartered Accountant or equivalent

Job description

• Chartered Accountant or equivalent with relevant Tertiary Qualifications.
• Minimum of 5 years Financial Management experience in an FMCG environment.

Role and Responsibilities

• Monthly management accounts and annual financial reporting.

Coordinate and submit to the Holding Company.

Undertake variance analysis to monthly management accounts.

• Manage the day-to-day financial matters, including:

Assistance in management of the debtors book.

Monthly and annual rebate control and reconciliation with all suppliers.

Reconciliation of rebates due to the General Ledger account.

Ensure back-end supplier support, discounts, and rebates are received per agreements.

Monitor supplier spend in relation to rebates due based on set targets.

Monthly accruals and creditors management.

General Ledger maintenance and reconciliation of all accounts as required by Holding Company reporting Accountant

• General Ledger maintenance and reconciliation of all accounts as required by Holding Company reporting Accountant VAT and income tax:
• Calculations, reconciliations, and submissions to Holding Company reporting Accountants.
• Ensure compliance with government-required statistics.
• Preparation of schedules, assistance, and liaison regarding year-end audits.
• Reconciliation of inventory.
• Monitor, manage, and analyze inventory aging to reduce inventory days and excessive inventory holding.
• Management of bookkeeping staff.
• Recommend financial actions by identifying risks, overspend, and areas requiring improvement.
• Substantiate financial transactions by undertaking sound financial analysis.
• Maintain accounting and internal controls by preparing and recommending policies and procedures.
• Guide accounting clerical staff by coordinating activities and answering questions.
• Reconcile financial discrepancies by collecting and analyzing account information.
• Maintain financial security by following internal controls.
• Analyze, translate, and address financial information to highlight operational shortcomings, inefficiencies, or excessive costs.
• Recognize issues and implement effective and sustainable solutions.
• Proactively drive solutions and recommendations to ensure desired outcomes in both process and cost savings.
• Any further finance-related responsibilities as directed.