Financial Manager
As a group of companies in the property sector, we are seeking a highly skilled and experienced Financial Manager to head up the department. The ideal candidate will be responsible for managing the daily financial operations of the Group with a specific focus on cash-flow management. This individual will be expected to have a deep understanding of the business's income and expense streams and the ability to interpret financial data effectively.
The Financial Manager will be required to work closely with a software programmer to develop systems for tracking daily cash flow and managing the team to ensure the timely delivery of financial information whilst developing processes and structures.
Duties & Responsibilities
Responsibilities:
- Full responsibility to manage and lead the team and ensure timely deliverables.
- Oversee the daily workings of the different companies in the group with a focus on cash flow management and profitability controls.
- Ensure timely and accurate deliverables of statutory financial requirements.
- Understand various income and expense streams and their impact on the group.
- Interpret financial data and develop systems and processes with the software developer.
- Understand the business's financial requirements and deliverables.
- Align the department's goals with the overall vision of the company.
- Develop the team and foster an environment to achieve departmental and organizational goals.
Duties:
- The preparation of monthly management accounts for all companies.
- Strictly manage deadlines and deliverables with the team.
- Completion and submission, via e-filing and CIPC, of annual returns, provisional tax returns, annual tax returns (once AFS are signed), VAT 201’s, EMP 201’s, and EMP 501’s (via Easyfile).
- Updating weekly cash flow forecasts for all entities.
- Preparing monthly financial “draws” for project expense payments.
- Preparing annual financial statements (e.g., Caseware) with working papers (IFRS knowledge).
- Checking GL and site allocation processing on Xero accounting package for development projects.
- Overseeing and signing off monthly payroll for approximately 30 employees.
- Completing and submitting WCA annual returns.
- Completing and submitting monthly UIF returns.
- Updating the monthly operational sheet for all development projects.
- Updating the management accounts and operational sheet with a P&L per project.
- Checking and releasing all bank-loaded payments to suppliers.
- Managing a team of 4 in the finance department, with plans for future growth.
- Taking ownership of the department and developing processes and structures to increase productivity.
- Working closely with the administration department consisting of 3 persons.
- Communicating daily with the construction team.
- Providing reports to the operations team.
- Full accountability of the financial function.
Desired Experience & Qualification
Requirements:
- Experience as a Financial Manager (or similar) within the property development and finance sector.
- In-depth knowledge of cash flow management and financial operations.
- Strong analytical and problem-solving skills with the ability to interpret complex financial data.
- Experience in developing and implementing financial systems and processes.
- Excellent leadership and team management skills.
- Strong communication and interpersonal skills.
- Minimum 10 years’ experience.
- Proficiency in Microsoft Office (Excel advanced), Xero, E-filing, Easyfile, Caseware, and VIP payroll.
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