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 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 forecast 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 (advanced Excel), Xero, E-filing, Easyfile, Caseware, and VIP payroll.

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Opportunity Group of Companies jobs

Group Financial Manager Northern Suburbs