Financial Manager - Bedfordview

Bonafide Human Capital (Pty) Ltd; South Africa; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

BBBEE compliance

Job summary

Bonafide Human Capital (Pty) Ltd seeks a Financial Manager for a motor dealership in Bedfordview (East Rand). The role requires a minimum of 3 years’ dealership experience and a strong track record in financial control, reporting, and cash-flow management.

Responsibilities include preparing monthly management accounts, managing cash flow, coordinating VAT and statutory returns, and ensuring policy compliance.

Qualifications

• Minimum 3 years' dealership experience.
• Must reside in East Rand area.
• Proven monthly management accounts preparation.
• Strong, proactive cash flow management.

Responsibilities

• Ensure adherence to OEM and company policies.
• Prepare monthly management accounts.
• Manage daily cash flow and funds transfers.
• Oversee collections of outstanding money.
• Maintain asset and stock controls; manage depreciation.
• Coordinate VAT and statutory returns.

Skills

Dealership experience

Cash flow management

Financial reporting

Excel

Budgeting

Tools

DMS system

Microsoft Excel

Job description

RESPONSIBILITIES:

A vacancy for a FINANCIAL MANAGER exists at our motor dealer client based in BEDFORDVIEW. Must have minimum 3 years' experience at dealership level. Must reside in the East Rand Area. Salary R PLUS INCENTIVE

Financial Control:

ENSURE THAT ALL PERSONNEL IN DEPRTMENT ADHERE TO AND FOLLOW OEM AS WELL AS THE COMPANY POLICIES AND PROCEDURES. Ensure all targets and deadlines are met. Ensure the monthly reconciliations, including allocations, are up to date and outstanding items cleared timeously. Preparation of monthly management accounts. Institute and control effective cash flow methods daily, prepare a daily cash flow analysis. Management of cash i.r.o. funds transfers to and from call accounts to maximise interest earned. Manage an effective collection process for all outstanding money.

Computer System:

Have a working knowledge of Microsoft Office, in particular Excel. Necessary daily reports. Ensure the safekeeping and maintenance of the database on the integrity of the financial information on DMS. Manage the users on the system and ensure passwords are controlled effectively.

Staff Requirements:

All staff receives the necessary training to perform their functions efficiently. Train, assist and motivate all admin staff. Ensure that all salary requirements and adjustments are forwarded to the human resources department timeously as per the prescribed cut-off dates.

Asset Control:

Institute and control procedures for safekeeping of assets, e.g. weekly vehicle stock checks etc. Ensure that the fixed assets are correctly recorded on the DMS system and depreciation charges correctly applied. Ensure that you have an extensive understanding of controls for stock take procedures (twice a year) and make yourself available to these times i.e. August and February month end.

Statutory Returns:

All statutory returns to be accurately and timeously completed and submitted, these include VAT. At this stage the salary /human resources department is completing returns related to salary deductions/contributions. FIC – Financial intelligence reporting on section 28 and section 29 transactions, CTR/CTRA within the prescribed time frame of 48 hours and STR within 4 weeks of the transaction becoming suspicious. Amending/update on the goAML system as and when required.

General Accounting Functions

Preparation of a monthly management account pack, ensuring all balance sheet recons complete. Monthly commission sheets completed for all the departments (monies collected prior to commission payment and all late costs accounted for). The commission sheets need to be signed by the departmental Manager and the Dealer Principal. Floorplan control and timeous settlement of vehicles. Optimization on the interest free units in conjunction with the Sales Manager and Controller. Monthly standard journals. Control of all OEM accounts and follow-up on the outstanding amounts. Verifying variable incentives/clawbacks ensure that the variable is in line with the OEM bulletin and signed off by the relevant departmental Manager and Dealer Principal. STATS SA submissions are completed.

• FIC.
• Financial reporting. Budgets Initial preparation of budget in conjunction with line managers and submit to Group Financial Manager every quarter. Final review and completion with dealer principal. Assist with presentation and review process to The Board.

Auditors Close

co-operation with auditor’s requests. Year-end financial pack presentation to be ready for audit process. Posting of final year end journal entries on completion of annual financial statements to balance back to Auditor Trial Balance.

Leave

Leave cannot be taken over the financial year end i.e. for the month of February and until final year end reconciliations are completed. Every effort must be made to try and ensure you are not on leave over any month end. Leave pay commission and leave bonuses are kept in a separate journal to track the leave pay commission already paid out and the average amount that is still due to the employees. Monthly leave audit meeting to be held to ensure that leave has been allocated correctly.

BBBEE

• All functions pertaining to the completion of the BBBEE pack: o Procurement o CSI o ED SED o Skills