Financial Manager Johannesburg

Datafin It Recruitment; Johannesburg; On-site; ZAR 400 000 - 800 000; Full time

Job summary

An innovative firm is seeking a Financial Manager to lead the finance team and oversee all financial operations. This pivotal role involves ensuring compliance with IFRS, managing month-end processes, and driving financial efficiency. The ideal candidate will possess strong analytical skills, attention to detail, and the ability to lead a team effectively. Join a company that values proactive individuals and offers a dynamic work environment where your contributions will significantly impact the business's success. If you are ready to take on this challenge, apply now and be part of a transformative journey in the payment industry.

Qualifications

• Proficiency in IFRS and a Bachelor of Commerce degree in Accounting are essential.
• Membership in an accounting body is advantageous.

Responsibilities

• Oversee all financial operations and month-end processes.
• Ensure compliance with tax regulations and manage working capital.
• Drive business change and foster a strong team culture.

Skills

IFRS

Analytical Skills

Communication Skills

Attention to Detail

Team Leadership

Education

Bachelor of Commerce in Accounting

Membership in an accounting body (SAIPA/CA(SA)/PFA)

Job description

Duties & Responsibilities

ENVIRONMENT: A forward-thinking company revolutionizing the payment industry by simplifying card acceptance for independent retailers is presently in search of a Financial Manager.

This pivotal role within the finance team involves overseeing all financial operations of the business.

Qualifications:

Proficiency in IFRS and possessing a Bachelor of Commerce degree in Accounting are required qualifications, while membership in an accounting body such as SAIPA, CA(SA), or PFA would be advantageous.

DUTIES:

1. Month end processes and reconciliations
2. Maintenance and updating of the reconciliation files
3. Processing of month end journals
4. Ensuring relevant reconciliations are balanced
5. Balancing of inter-company loan accounts and suspense account
6. Reviewing correct processing of all ISA's
7. Adjusting month end accruals
8. Processing monthly revenue and cost of sales journals
9. Overseeing entire month end process
10. Overseeing monthly billing processes to ensure invoices are raised to clients based on the billing information received from the business units and through their established billing procedures
11. Management of the accounting system (e.g. creating new products and charts)
12. Overseeing monthly debit order collections process (both regular and ad hoc debit orders)
13. Responsible for daily, weekly and monthly working capital management
14. Assess funding requirements: Ensure proper measures are in place to meet working capital needs and future funding needs for growth – i.e. ensure a strong balance sheet; Manage loan guarantees and facilities
15. Monthly VAT reconciliations and SARS e-filing submissions
16. Tax and regulatory compliance calculations and submissions
17. Review and responsibility over Fixed Asset Register, ensuring this is appropriately maintained in line with business's requirements
18. Continuously look to improve and enhance financial and relevant business processes for optimal efficiency and productivity
19. Annual Audit (Internal & External). Assisting with audit preparation and in assisting auditors along with the rest of the finance team in order to meet set deadlines for external audit
20. Provide support in ongoing internal control and risk management
21. Monitoring and evaluating financial information systems and suggesting improvements
22. Driver of cost efficiencies within the finance team and across the business
23. Ensuring that meticulous financial documents, records and files are maintained in line with statutory requirements
24. Continuously and consistently monitoring to ensure that all financial records, including revenue, expenditure, assets, liabilities, equities and cash flows are accurate, up to date and processed efficiently effectively and in a timely manner
25. Promote awareness of cost and control throughout the business
26. Implementation of financial and payroll policies and ensure all statutory requirements are fulfilled (returns compiled) and those third-party payments made
27. Setting up reporting structures, considering corporate governance and financial hygiene
28. Management of cash flow: Oversee to ensure debtors payments are collected in terms of SLA and credit terms adhered to, ensuring invoices sent timeously and correct charges reflected
29. Building relationships
30. Oversee banking: Overdraft limits adhered to, sufficient funds to pay creditors and invest monies accordingly
31. Onboard of new regions: Acquire customer base from merger and acquisition of new business and ensure smooth take on of the client (Fee modelling, invoice requirements) and inducting new accounting staff into the process
32. Management: Allocate work to finance team and ensure proper segregation of duties, monitor and measure performance
33. Liaise with team leaders directly in terms of quality standards
34. Conduct performance planning sessions (KPA's)
35. Monitor the functioning of the department and continuously provide feedback, coaching and training
36. Continuously monitoring existing and reviewing new reporting principles to ensure they align with IFRS
37. Interpreting and communicating financial data to non-financial managers
38. Various other responsibilities incumbent on this role
39. Provide direction and leadership to the finance team
40. Motivating and fostering a fantastic team culture
41. Drive business change by developing performance measures that support the company's strategic direction

REQUIREMENTS:

Working knowledge of IFRS

Qualifications and Experience:

Member of an accounting body (SAIPA / CA(SA) / PFA)

Minimum of 3 years in similar role

Tax and treasury experience beneficial

ATTRIBUTES:

1. Strong quantitative and analytical skills
2. Good written and spoken communication skills
3. Vision orientated and purposeful individual
4. Articulate and great communicator
5. Meticulous with regards to attention to detail in both processing and reporting
6. Proactive and self-motivated
7. Ability to work autonomously and with little / no supervision
8. Ability to operate under pressure and meet tight deadlines
9. Great attitude and interpersonal skills
10. People orientated, team player
11. Takes pride in his / her output

While we would really like to respond to every application, should you not be contacted for this position within 10 working days please consider your application unsuccessful.