Group Financial Manager - #366493

EnableSA Recruitment


Date: 6 days ago
City: Cape Town, Western Cape
Contract type: Full time
Responsible for managing the Finance division and for implementing tactical initiatives to

support strategic decisions.

Essential Duties And Responsibilities

  • Oversee and manage the financial operations of the Group.
  • Contribute and participate in strategic and tactical processes in the business, including financial modelling to support new business development, and other strategic initiatives.
  • Provide financial analysis and insights to management regarding the historic and forecast performance of the business, through the management accounting process.
  • Maintain high quality financial disciplines and controls throughout the Group and ensure that measures to mitigate risk are effectively implemented.
  • Develop and maintain systems, policies and procedures necessary to ensure effective and efficient financial management of the Group.
  • Coordinate and facilitate governance and compliance across the company in accordance with industry and the Group’s frameworks in order to monitor and mitigate financial and other risk.
  • Preparation of financial and management reports on a monthly basis and ensure the financial results of the business are complete, accurate and timeously recorded in accordance with applicable accounting standards, relevant legislation and Company guidelines.
  • Manage the external Audit and oversee the preparation of the annual financial statements.
  • To ensure that financial and reporting obligations of the Factoring House, regarding customers are met timeously and accurately on a weekly and monthly basis.
  • Ensure a sustainable working capital position by applying systematic cash flow forecasting, rigorous cash flow management metrics.
  • Oversight of the debtor process and ensure that the relevant processes are adapted depending on the nature of the customer’s profile.
  • Oversee and review creditors reconciliations.
  • Approve and release of daily COD payments.
  • To identify continuously and implement improvements regarding processes and reporting.
  • Custodian of profitability and efficiency through oversight of inventory.
  • Overseeing annual stock take and calculating the provision for obsolescence.
  • Superuser of ERP system, includes working with consultants to continuously improve and customize the system, as well as support users with any issue they might experience or identify.
  • Facilitate and finalizing of the Annual BBEEE audit.
  • Preparing of all Provisional tax and Income tax as well as Dividend Withholding tax calculations/returns.
  • Solving of tax queries from the South African Revenue Services.
  • Oversee the customs RLA system in conjunction with the clearing agent in respect of the rebate store.
  • Perform VAT reconciliations.
  • Oversee vendor and application process.
  • Oversee credit approval process.

Requirements

Requirements

  • Essential: Relevant tertiary qualification and CA (SA)
  • Minimum 5- 8 years experience in a manufacturing/FMCG environment with a financial leadership role
  • Managing a medium size finance team.
  • Demonstrated and proven track record of implementing and improving accounting systems, processes, management information and financial reporting.
  • Knowledge and experience in all areas of financial planning, budgeting, analysis and overall financial management.

Skills And Abilities

  • Proven and sound financial and risk management skills
  • Ability to lead and manage change
  • Exceptional problem-solving ability
  • Ability to communicate, present and influence at all levels of the organization, including management and executive level
  • Advanced skill in Microsoft Office, especially MS Excel.
  • Acumatica (ERP) experience and knowledge - advantageous
  • Results driven and able to meet deadlines in a fast-paced work environment
  • Ability to perform under pressure
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