Financial Manager â Ballito

Accountancy Placements Pietermaritzburg; Durban; On-site; ZAR 500,000 - 700,000; Full time

Job summary

A financial services organization in Durban seeks a Financial Manager to oversee budgeting, forecasting, and compliance. The ideal candidate will have a Bachelor's degree in Finance or Accounting, extensive experience in financial management, and proficiency in tools such as Xero and MS Excel. This role involves strategic financial support and stakeholder engagement, making strong analytical and problem-solving skills essential.

Qualifications

• Minimum 5-10 years experience in Finance.
• At least 5 years in financial management, preferably in a non-profit.
• Strong knowledge of financial regulations.

Responsibilities

• Oversee full financial function including budgeting and reporting.
• Lead accounting operations and ensure compliance.
• Manage cash flow and working capital.
• Engage with stakeholders and provide strategic support.

Skills

Financial analysis

Regulatory compliance

Cash flow management

Stakeholder engagement

Proficiency in Xero

MS Excel expertise

Problem-solving

Education

Bachelor's degree in Finance or Accounting

Tools

Xero

Dext

MS Excel

Job description

Responsibilities :

Financial Planning, Analysis and Management

• Oversee, develop, and manage the organisation's full financial function, including budgeting, forecasting, and reporting in alignment with the Department of Forestry, Fisheries and Environmental requirements.
• Analyse financial performance and provide actionable insights to support strategic decision-making.
• Prepare and present financial reports to the CEO, Board of Directors, and the DFFE.

Accounting and Compliance

• Lead the organisation's accounting operations, including accounts payable/receivable and general ledger management.
• Ensure statutory and regulatory reporting compliance.
• Ensure strict compliance with relevant financial regulations and reporting standards, especially those applicable to a Producer Responsibility Organisation (PRO).
• Coordinate and support external audits and implement recommendations.

Cash Flow and Working Capital Management

• Monitor and manage cash flow, developing strategies to optimise working capital.
• Oversee bank reconciliations and prepare monthly cash flow statements.

Stakeholder Engagement and Strategic Financial Support

• Engage with external stakeholders, including regulatory authorities, auditors, and financial service providers, and assist with project-level budgeting and tracking.
• Assist in developing and implementing financial strategies, advising leadership on risks, opportunities, and priorities.

Financial Operations Oversight

• Oversee procure-to-pay process for Accounts Payable.
• Manage invoicing and collections process for Accounts Receivable.
• Review bank reconciliations and ensure cash reporting accuracy.
• Oversee reconciliation processes for expenses incurred and ensure month-end reporting.
• Review and sign off on the monthly VAT submission.
• Manage the fixed asset register.
• Oversee and manage inventory related to marketing and collection initiatives.

Project Financial Management and Regulatory Programs

• Manage payments and budgets for general workers.
• Monitor and report on budgets allocated to approved projects, in partnership with the Social Development Manager.
• Track and manage the financial progress of R&D initiatives alongside the Operations Manager.
• Oversee financial reporting and fund disbursements for skills initiatives, in partnership with the Social Development Manager.
• Collaborate with the Communications Manager to manage project budgets and financial reporting on awareness campaigns.

Requirements :

• Bachelor's degree or BCom degree in Finance, Accounting, or related field.
• Minimum of 5-10 years experience in Finance, with at least 5 years in financial management, preferably in a non-profit or sustainability-focused organisation.
• Strong knowledge of financial regulations and reporting standards.
• Proficiency in Xero, Dext, and MS Excel.
• Excellent analytical and problem-solving skills.
• Commitment to sustainability and producer responsibility principles.

Due to the high volume of applications received, only suitable candidates who meet the criteria of this vacancy will be contacted.