Plant Financial Controller

Sharon Nurock Recruitment; Durban; On-site; ZAR 600 000 - 750 000; Full time

Job summary

A national manufacturing concern is seeking a Financial Manager to provide accurate financial information and analysis to assist management decisions. The ideal candidate should have a B.Com in Financial Accounting, C.A. (S.A.) or CIMA, and at least 5 years of relevant experience. Responsibilities include managing the fixed asset register, preparing financial reports, and overseeing cash management. This is an opportunity for driven professionals looking to make a significant impact.

Qualifications

• Minimum 5 years’ experience in a similar role.
• Strong knowledge of IFRS compliance.
• Experience with financial reporting and analysis.

Responsibilities

• Provide financial analysis and support to management.
• Maintain the fixed asset register.
• Prepare and arrange royalty audits.

Skills

Financial analysis

General Financial Management

Budgeting

Stock Control

Cash Management

Auditing

Education

B.Com in Financial Accounting

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

Job description

Overview

Can you compile and provide accurate and timeous financial information to Plant Management in order to make informed business decisions? If so, then our client, a National manufacturing concern, part of a larger listed Group, needs your expertise.

Minimum Job Requirements

• B.Com in Financial Accounting.
• C.A. (S.A.) or CIMA, a strong advantage.
• Minimum 5 years’ experience in a similar role.

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.