Financial Manager

Professional Recruitment Network; Parow; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading company in South Africa is seeking a Financial Manager responsible for overseeing financial reporting, compliance, and project management. The successful candidate will contribute to strategic planning, manage the financial health of subsidiaries, and ensure regulatory adherence while leading a team. Candidates should be qualified CA (SA) with over five years of finance experience and demonstrated leadership abilities, with experience in the retail sector being advantageous.

Qualifications

• 5+ years' experience in Finance environment (3 years' audit management experience).
• 3 years leadership/management experience (advantageous).
• Knowledge of financial control environment and governance.

Responsibilities

• Managing key financial processes such as annual budgets and quarterly forecasts.
• Ensuring compliance with South African regulations regarding VAT and other taxes.
• Managing banking relationships and systems for treasury operations.

Skills

Management Accounts

Treasury

Statutory Reporting

Stock

Compliance

Tax

Retail

Management

Financial Management

Education

Qualified CA (SA)

Tools

MS Office Software

Google Suite

Financial systems

Job description

Our client, a leader in their field, is recruiting for a Financial Manager to join their successful team. The successful candidate will be responsible for ensuring the reliability of accounting, managing the financial reporting of the company's subsidiaries, end-to-end project management of financial related projects, as well as providing advice and support to Management to enable them to make informed business decisions.

Responsibilities include:
Contribution to Strategy:

• Providing input and supporting the implementation of the Finance strategy that is aligned with the annual business strategy
• Communicating and executing action plans (i.e. specifications, timelines and budget)

Team Management:

• Establishing clear, specific and measurable objectives for the team and driving team delivery and contribution

Management Accounts and Statutory Reporting:

• Managing key financial processes such as CEO Report, Group Report, new accounting standards, annual budgets, quarterly forecasts and annual audits, etc.
• Managing various reports for the business (e.g. income statements, income statement, Exco reports and presentations, etc.)

Treasury Management:

• Managing all banking relationships, systems and payments
• Managing all store deposits and card transactions across the Africa countries

Stock and GP's:

• Ensuring accurate and timely recording, analysing inventory entries and monitoring effective Gross Profit %
• Reviewing and reconciling inventory export and import entries

Compliance Management:

• Ensuring compliance and relevant report back with regards to the South African Reserve and other relevant legislation (including VAT acts) pertaining to imports and export transactions
• Monitoring compliance to local in-country (in Africa) central bank legislation compliance and supporting Country Financial Managers to ensure compliance

Policies and Procedures:

• Maintaining agreed and standardised Treasury policies and procedures, including but not limited to minimum cash balances per annum, Counterparty risk and Repatriations priority etc.

Tax Management:

• Ensuring timely submission and payment of the various returns (VAT, PAYE, Tax, etc.)
• Ensuring accurate and on time accounting and reporting of Tax in line with IFRS and/or local GAAP

Ad hoc tasks and involvement in projects

Requirements:

• Qualified CA (SA)
• 5+ years' experience in Finance environment (of which at least 3 years' audit management experience)
• 3 years leadership/management experience (advantageous)
• Retail industry experience will be advantageous
• Knowledge of financial control environment and governance
• Understanding of the business, industry and economic environment and relevant role-players
• Knowledge of accounting for foreign currencies and consolidation is desirable
• Computer literacy: Advanced level (MS Office Software, Google Suite and Financial systems)
• Willingness to travel to Africa on an ad hoc basis

Desired Skills:

• Management Accounts
• Treasury
• Statutory Reporting
• Stock
• Compliance
• Tax
• Retail
• Management
• Financial Management