As a Financial Manager you will oversee various aspects of financial management and ensure accuracy in reporting. Lead accounting activities, collaborating with cross-functional teams, and contributing to strategic financial decision making.
Key Responsibilities: General: - Implement accounting systems and processes for the organisation
- Overseeing the duties and performance of accounting team
- Detect and prevent financial frauds that may arise
- Laise with auditors and other stakeholders
Financial Reporting: - Prepare and analyze accurate and timely financial statements in accordance with accounting principles.
- Prepare and present monthly management accounts which includes income statement, balance sheet, cash flow and ratio analysis.
- Ensure compliance with relevant regulations and reporting standards.
Month-End and Year-End Close: - Lead the month-end and year-end close processes, including reconciliation of accounts and preparation of adjusting journal entries.
- Collaborate with cross-functional teams to gather necessary financial data.
General Ledger Management: - Maintain and reconcile general ledger accounts, ensuring accuracy and completeness
- Investigate and resolve discrepancies or variances in financial records.
Budgeting and Forecasting: - Contribute to the budgeting and forecasting processes by providing accurate financial data and analysis.
- Assist in monitoring actual performance against budgeted figures.
Financial Analysis: - Conduct financial analyses to identify trends, variances, and opportunities for improvement.
- Provide insights and recommendations to management based on financial data.
Audit Support: - Support internal and external audit processes by preparing audit schedules, providing necessary documentation, and addressing auditor inquiries.
- Implement audit recommendations to enhance internal controls.
Tax Compliance: - Assist in the preparation of tax returns and ensure compliance with tax regulations.
- Collaborate with tax professionals to address tax-related inquiries and support tax planning.
Fixed Assets Management: - Manage the accounting for fixed assets, including capitalization, depreciation, and disposal.
- Ensure accurate and up-to-date records of fixed asset transactions.
- Review the accuracy of wear and tear schedule.
Financial Systems Maintenance: - Oversee the maintenance and integrity of financial systems and databases.
- Collaborate with IT and other departments for system enhancements or upgrades.
Team Leadership and Training: - Provide guidance and mentorship to accountants and ensure timely work execution.
- Conduct training sessions on accounting processes and procedures.
Minimum Requirements: - Chartered Accountant would be preferred with 5-6 years of work experience. Or Financial Manager with Honours Degree and 6 years+ experience
- Mining experience would be an advantage
- Good understanding of IFRS, SARS & SARB Regulations.
- Substantial experience in accounting roles, with a focus on financial reporting and analysis
- Proficiency in accounting software and Microsoft Excel
- Strong understanding of accounting principles and financial regulations
- Excellent analytical and problem-solving skills
- Effective communication and interpersonal abilities
- Detail-oriented with a high level of accuracy
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