Financial Manager (Umhlanga)

Greys Personnel • Other • eThekwini North (Umhlanga / Tongaat), South Africa • 18h ago

Minimum Requirements:

Bachelor's & Honors Degree in Accounting with CA qualification required;
At least 5-7 years experience in finance/accounting roles and minimum 2 years in managerial/supervisory position.
Experience in multi-currency financial management

Competencies:

Full oversight of the organization's balance sheet in coordination with the Accounting department in the company headquarters
Oversee and manage day-to-day financial operations for all companies in the Group.

Ensure accurate and timely financial reporting, budgeting, forecasting at the divisional and group level (4 separate areas as well as total)

Oversight of all budgeting, forecasting, financial reporting, payment cycles, conduct reconciliations, and payroll.
Analyse financial data to identify trends, variances, and opportunities for cost savings and revenue growth.
Provide financial insights and recommendations to support business decisions and drive profitability.

Compliance with accounting standards, tax regulations, and internal policies.
Manage cash flow, working capital, and financial risks to optimise the companys financial performance.
Manage all Forex exposure and process Forex payments as required. ***
Familiarity with processes involved in inventory management. ***
Partner with other departments to support commercial initiatives and contribute to the overall business strategy.
Lead the team working with auditors during annual financial audits.
Drive the Budget Analyses and Review Processes.
Manage the Fixed Asset Register, create depreciation schedules, and input monthly transactions.
Keep strong control of Customer and Supplier Age Analyses and oversee the pursuit of overdue invoices.
Comprehend the VAT implications of transactions and compile monthly VAT submissions.
Manage the finance team including optimising team performance; competency development plans in place for team members; effective transfer of skills and knowledge via training & mentorship.
Support the Business Partner in:

analysing management reports and financial performance of the division against its specific targets.
Providing financial insight and analysis to drive the business performance of the organisation
Manage the finance team members and provide guidance and training
Responsible for automations and efficiency improvements
Plan, organise and execute financial tasks and projects to ensure timely and accurate reporting
Prepare statutory and regulatory financial reports
Collaboration across various divisions within the business
Management/Execution of ad hoc projects
Review all manual journals and ensure the accurateness of information and treatment in terms of IFRS.
Review of balance sheet reconciliations
Releasing of SAP documentation (orders, invoices for payment)
Preparation of interim and year-end audit information and liaison with internal audit
Preparation of other statutory & legal reporting requirements
Project work to set up systems for changing environment or to align systems with best practise
Preparation of ad hoc reporting and analysis
Investigation of and resolving ad-hoc queries