Our client is seeking a Finance Manager who will direct the financial operations of the company on behalf of the shareholders towards becoming a cost effective profitable organisation.
Responsibilities
- Direct the financial operation of the Company on behalf of the shareholders towards becoming a cost effective profitable organisation.
- Manage and control accounting department effectively and efficiently.
- Ensure that the Finance and administration department meets its objectives.
- Sound financial management in terms of national and international accounting standards.
- Ensure the Company’s financial procedures and practices are according to Company and Group procedures and practices.
- Plan, direct and coordinate overall financial activities for the operations.
- Compile budgets for the company and perform financial forecasts as required by France.
- Manage cash flows for the company.
- Check and study financial statements on a regular basis.
- Revise and implement accounting department work procedures.
- Monitor and review accounting and financial data for completeness, accuracy and validity.
- Maintenance of fixed assets register.
- Assist in formulation and implementation of business strategies.
- Expose fruitless and wasteful expenditure in order to improve profitability of the organisation.
- Review trial balance on monthly before reporting.
- Verify investments and capex decisions.
- Report back to Cluster CFO on progress and staff problems within Finance.
- Monitor all user departments throughout the organization and ensure compliance with all relevant standards and statutory requirements, including SARS, GAAP/IFRS.
- Tax calculations.
- Tax filing and obtaining the necessary tax certificates.
- Attend tax queries to and from Tax authorities.
- Ensure tax compliance and deadlines are met.
- Review of audit files in preparation of external and internal audits.
- Coordinate external audits and internal audits for the company.
- Draft statutory financial statements.
- Responsible for tax & cash flow forecasts, actual cash flow and explaining variances.
- Calculation of provisional, income and deferred taxation.
- Completing the SOX compliance questionnaire, ensure compliance and report non-compliance to CFO (internal audit).
- Reporting monthly, quarterly and yearly reporting to Paris using internet based reporting tools.
- Complete VECTOR & XRT (treasury) packages, review the latter for.
- Formulate, review internal policies and procedures.
- Authorise and purchase foreign exchange contracts (FEC).
- Assist CFO with bonds & guarantees.
- Calculation of the Mark-to-Market of the open FEC.
- Set KPIs and targets for accounting staff.
- Coach and mentor staff.
- Complete Stats SA questionnaire on a quarterly, half yearly and yearly basis.
- Review creditors’ payment reconciliation before payment.
- Monitor the daily cash position of the company and invest excess funds to reduce the overdraft position.
- Authorise the BOP forms for incoming funds.
- Approve the change of supplier banking details.
- Calculation of the company’s net financial result.
- Manage the relationships with the banks.
- Interact with financial institutions to ensure adequate facilities are available.
- Administration of bank guarantees/bonds.
- Interact with external auditors and ensure that annual external audits are performed and that audited annual financial statements are submitted timeously.
Skills
- Computer literate in Google Suites and JD Edward compulsory.
- Financial organisation skills.
- Proactive team leader and organisational skills.
Qualifications
- BCom/ BAccSci/ BCompt (Accounting) plus honours preferable.
- Professional qualification (CIMA, ACCA, MBA or CA(SA)).
- At least 5-7 years experience as a Finance Manager or Senior in Finance.
- Experience in systems implementation.
- Should be prepared to travel.
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