Group Finance Manager

Abantu Staffing Solutions; East London; On-site; ZAR 600 000 - 900 000; Full time

Job summary

A leading staffing solution provider is seeking a Finance Manager to oversee financial operations in East London. The ideal candidate will manage all finance and accounting functions, ensure timely reporting, and maintain compliance with local regulations. Requires a BCom in Accounting, CA (SA), and at least 5 years of experience in finance management within a manufacturing setting. Excellent leadership and analytical skills are essential.

Qualifications

• Minimum 5 years in charge of a finance department in a manufacturing company.
• Proven track record of clean financial management and administration.
• Understanding of regulatory and financial reporting regime and IFRS.

Responsibilities

• Management of local finance department.
• Responsible for financial planning, forecasting, and budgeting.
• Overseeing finance and accounting functions of the business.

Skills

Financial Modelling Knowledge

Strong leadership skills

Excellent interpersonal skills

Analytical abilities

Regulatory understanding

Clean financial management

Team work

Education

BCom in Accounting with CA (SA)

Grade 12/Matric

Job description

Purposes

Role will be based in East London and is responsible for the management of plants in Durban and Pretoria.

In close collaboration with EU Finance Director and will be responsible for overseeing the finance and accounting functions of the business.

Accountable for financial planning, forecasting, budgeting, financial reporting, and analysis to provide the strategic insights necessary to guide the business decision-making process and contribute to profitability and growth

Education and Experience

• Grade 12/ Matric
• BCom in Accounting with CA (SA)
• Minimum 5 years in charge of a finance department of a manufacturing company with a national/global footprint.
• Highly Motivated Individual with a positive attitude and flexible approach to work.
• An understanding of regulatory and financial reporting regime and IFRS
• Proven track record of clean financial management and administration
• Financial Modelling Knowledge
• Excellent interpersonal skills with the ability/desire to work in a team
• Strong leadership skills: ability to effectively influence all levels of management +strong analytical and conceptual abilities
• Well-refined technical finance and strategic skills
• Corporate Finance experience advantageous
• Assist the organization with administrative, filling and other smaller support functions.

Main Areas of Responsibilities

General

• Responsible for the timeliness and quality of the reporting
• Ensures proper analysis is provided in order to support the management team.
• Following corporate and divisional procedures and controls
• Following local accounting principles, rules and tax regulation (including BBBEE)
• Banking relationship
• Interaction with all departments in the company both locally and internationally
• Ad hoc requests as and when received.
• Policies and Procedure review
• AIS Grants

Position Specifications

• STD costing
• Reporting: Capex DB, Rolling Forecast, Tooling reporting, Overdue reporting
• OS: Intercompany, Sales and Contribution
• Balance sheet reconciliation, Journal entries SOX reports and certificates
• Fixed assets (including supporting preparation of Screenings and Capex)
• Project management and tracking – CEA.07
• CM walk – CAP7
• Internal controls including BS reconciliations.
• Sales prices control
• Payroll review
• Support the development of Forecasts, Budget and MTP plan.
• Month-end closing – manual journal preparation, accounting control
• Support other departments - Ensures proper analysis is provided to support the management team.
• Responsible for management of local finance department
• Hedging, currency management, cash forecasting

Daily and Monthly Tasks

• Cashflow review and management
• Journal entry review
• Balance Sheet Recon reviews
• Payment release on the bank (local/foreign/payroll)
• Month end GL and account review
• Month end meeting analysis, commentary and reporting
• Short term forecast review
• Purchase order authorization
• Internal control/ General Control Framework/ Risk Management
• Payroll review
• BBBEE involvement
• VAT reviewCapex involvement
• Costing/Pricing changes reviewed

Quarterly Tasks

• Financial review Questionnaire and other HO quarterly requirements

Annual Tasks

• Tax – Year end calculations, Transfer Pricing, Country-by-Country reporting
• AFS review
• Budget coordination, finalization and presentation
• Insurance