Plant Accountant

SHARON NUROCK RECRUITMENT CC; Durban; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A recruitment agency is seeking a Financial Manager in Durban to oversee financial strategy and support for a manufacturing plant. The ideal candidate will have a financial accounting background with at least 5 years of relevant experience. Key responsibilities include providing financial analysis, managing budgets, and ensuring compliance with IFRS. This role requires strong collaboration across various departments.

Qualifications

• Minimum 5 years experience in a similar role.
• Experience in a manufacturing Plant environment.
• Proven Technical Finance acumen.

Responsibilities

• Report to the Plant Manager and Business Unit Financial Manager.
• Provide financial analysis and support to management.
• Compile weekly Sales reports.

Skills

Financial Analysis

Budgeting

Forecasting

Cross-functional collaboration

Stock Control

Education

B.Com or B.Tech in Financial Accounting

C.A. (S.A.) or CIMA

Job description

Minimum Job Requirements

• B.Com or B.Tech in Financial Accounting.
• C.A. (S.A.) or CIMA, a strong advantage.
• Minimum 5 years experience in a similar role.
• Must have experience in a manufacturing Plant environment.
• Demonstrated experience in cross-functional disciplines (Production, Logistics, Supply Chain, Maintenance, etc.).
• Proven Technical Finance acumen (budgets, forecasts, interpretation of Income Statement, Stock Control, etc.).

Key Performance Areas

• Report to the Plant Manager and Business Unit Financial Manager
• Financial Strategy: General Financial Management
• Provide financial analysis and support to management and all operational areas.
• Monitor and support debtors and creditors.
• Maintain the fixed asset register.
• Control intercompany balancing.
• Review weekly payroll.
• Review and action financial variances (budget / forecast).
• Review and action balance sheet account variances.
• Ensure compliance with IFRS.
• Maintain the plant Capex & Tooling reports.
• Internal Control: Maintain and review the risk register.
• Budgets / Forecasts: Participate in the budget / forecast process.
• Prepare budgets and forecasts for plants.
• Prepare plant profit & loss and balance sheet forecasts.
• Financial Reporting: Financial Pack: Prepare financial reports and returns.
• Flash Results: Compile the plant Flash results and analyse variances.
• Weekly Sales Report: Compile and review weekly Sales reports.
• General Ledger: Prepare provisions and accruals.
• Compile Royalties schedule for month end processing.
• Prepare general ledger journals.
• Compile general ledger reconciliations.
• Capex, Tooling & Fixed assets: Prepare & maintain a Capex and Tooling register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.
• Prepare Capex requisitions with all relevant information regarding the Capex project.
• Audits and Year-End Processes: Prepare and plan year-end statutory audits.
• Prepare and arrange royalty audits.
• Costing: Calculate landed cost on all import shipments.
• Prepare / review declaration of imported components and raw materials.
• Investigate purchase price variances.
• Generate variance report of actuals to budgeted information.
• Stock Control: Compile daily stock holding report.
• Oversee stock takes.
• Assist with investigating stock count variances.
• Overall responsibility for stock.
• Cash Management: Oversee cash management function of the plant.
• Monitor daily cash positions and cash flows to ensure settlement and maximise performance.
• Manage cash flow and working capital for the plant.
• Forex: Review Forex forecasts.
• Plant FEC contracts based on AP requirements.
• Other: Staff management.
• SHE issues.