Financial Manager – Apex, Benoni
Main purpose of job: Accountable for the accounting operations of the company and other divisions as within its scope, including the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with IFRS for SME’s. Salary offer: R40K – R45K
Qualifications
- B Com Accounting / Financial Management or Similar
- CA (SA) Professional membership is highly advantageous
Experience
- 5+ years of experience as a financial manager
- Solid Knowledge of Reporting Standards
- Payroll
Skills
- Advanced MS Excel skills
- Experience with QuickBooks or similar
- Experience with Sequel Server
- Clear ITC and Criminal Record
Key Responsibilities
ACCOUNTING OVERSIGHT
- Oversee the management of all accounting operations
- Oversee that debtors are managed according to company policy
- Oversee that creditors are managed according to company policy
- Load required payments and ad hoc payments
- Manage the general ledger, reconciliations, and accounting allocations
- Process Salaries and Wages reconciliations
- Process VAT reconciliation
- Process Cost of Sales reconciliations
- Scrutinize Repairs and Maintenance accounts for uncapitalized expenditure
- Reconcile purchase accrual account
- Prepare and reconcile the Fixed Asset register
- Process Inter-Company loan accounts
- Process transactional accounts monthly
INTERNAL CONTROLS
- Establish and execute internal controls over company accounting and financial procedures.
FINANCIAL PLANNING
- Negotiate credit and vendor terms
- Review all financial contracts and financing
- Provide accurate and comprehensive financial information to the Directors for long-term financial planning
Co-ordinate all financial planning functions with business operations.
FINANCIAL REPORTING
- Prepare financial statements, balance sheets, cash flow reports, budgets, and financial projections.
- Implement and maintain effective financial reporting and cash management procedures.
- Draft monthly management reports and other ad hoc reports as required.
- Complete the CFC forecast and analysis.
- Do comparison checks on service providers and the cost vs quality.
- Submit weekly scorecard.
- Prepare Annual Review packs for Accountants and liaise with Auditors.
COMPLIANCE
- Manage submissions of EMP201’s, VAT201’s and IRP5/EMP201.
- Manage VAT Audits and liaise with Accountants for Income Tax Audits.
- Manage submission of annual IOD report to RMA.
- Manage CIPC submissions annually to ensure compliance.
FIDUCIARY
- Maintain a duty of loyalty to claim the interest of the companies.
- Report possible/suspected misuse of company funds.
- Communicate financial policies and procedures across the companies.
- Ensure continuous learning to stay on top of new financial and regulatory developments.
- Compliance to IFRS.
FINANCIAL AUDITS
- Full Financial Audit Function, from Start to Finish.
- Liaise with company Auditors and submit requested Documentation.
ADMIN
- Do stock adjustments for sharpening, paper knives and authorized requests.
- Assist with stock take for raw materials, consumables, WIP and finished goods.
- Complete costing documentation and arrange payments for shipments.
- Update average shipment costing sheet with all imports.
- Monitor bank balance and transfers.
- Oversee that filing is kept up to date.
EMPLOYEE MANAGEMENT
PAYROLL
- Oversee Monthly & Weekly Payroll.
IT
- Manage IT Service Provider.
- Ensure smooth running & updating of all IT-related issues.
INSURANCE
- Manage Insurance Claims from Start to Finish.
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