Job Description

• The job holder will be required to work closely with the Finance Executive, Business Executives, and various departments within a matrix environment.
• We are seeking an individual with a proven track record in managing a finance team and a dedication to fostering a culture of high performance, partnering ,and exceptional customer service.
• As the entrusted Finance Manager, your primary responsibilities will include delivering accurate and timely financial reporting and ensuring adherence to corporate governance standards within the operation. This role requires a professional with the ability to make operational decisions efficiently, aligning with our commitment to optimal resource utilization and stringent timing requirements.
• The role will be based in Boksburg and report to the Finance Executive.

Minimum Requirements
Required Skills and Knowledge:

• Proven track record of reporting and financial management
• High attention to detail and analytical precision
• In-depth understanding of Financial accounting principles and practices (technical expertise) and ability to communicate technical concepts into business speak.
• Tolerance of stress and pressure
• Broad knowledge of group systems
• 3 - 5 years experience in a management role leading teams
• In-depth knowledge of the FMCG market and the challenges it faces
• Good understanding of Tax and VAT Acts

Minimum Requirements:

• CA (SA) – 5 to 8 years post articles experience

Duties & Responsibilities
Financial oversight

• Managing the daily finance functions for the operating unit
• Financial oversight over the respective manufacturing site, ensuring company policies and internal controls are adhered to
• Financial and operational support to the Finance Executive

F i nancial Accounting

• Ensuring financial completeness, and that the general ledger is maintained in accordance with IFRS and Group policy.
• Review, assess, and recommend levels of provisions
• Monthly review of all general ledger balance sheet reconciliations
• Oversee monthly financial month-end close, ensuring deadlines are met
• Submission of reports for Stats SA

Monthly reporting

• Financial reporting for the operating unit as required (monthly, half-year, and annually).
• Open & close GL periods
• Review sales recon
• Review consignment stock recon
• Review and approve all journals processed by finance
• Review Income Statement month-on-month
• Review Balance Sheet Recons

Financial year end and Statutory Audits

• Responsible for the compilation of all year-end reporting packs
• Prepare statutory Annual Financial Statements
• Responsible for the coordination of the year-end external audit Ad hoc responsibilities
• Assisting all stakeholders with various queries regarding business processes
• Roll forward of opening GL balances as well as vendor & customer balances in SAP

Taxation

• Prepare Year-end Tax computation
• Prepare and submit all tax returns for the business (ITR14, provisional tax returns)
• Prepare deferred tax roll forward year-end tax comp vs ITR14
• Prepare DWT returns if dividend declared
• Knowledge of Konsise tax platform

Banking

• Ensure that company cash policies are adhered to, and daily cash requirements are met
• Submission of the daily cash flow to Remgro Treasury
• Oversee cash forecasting
• Releasing of daily payments and approving once-off cash book payments
• Approval of payments to oil suppliers on the vendor financing App
• Perform functions associated with being an authorised bank approver

Fixed Asset Life Cycle Management

• Supporting the fixed assets team to ensure that the annual physical asset verification is performed and conducted within time frames
• Supporting the fixed assets team to ensure that useful lives and residual value reassessments are performed annually in compliance with IFRS
• Work with the fixed asset team to ensure changes to the lease assets App are maintained

Debtor Management

• Oversight of team processing invoices, credit memos and receipts where relevant
• Oversight of the account with SDO – review monthly set-off arrangement and ensure quarterly oils revaluation is completed
• Liaise with Vector regarding payment allocations and debtors ageing

Creditor Management

• Approve daily cash requests sent by central creditors department
• Go between customer and central creditors team regarding account issues
• Ensure oil supplier recons are up to date with no long-standing queries

Staff Management

• Management of the finance team.
• Ensure that the team members are adequately developed and managed proactively to ensure quality delivery.
• Coach and support staff to reach their career objectives
• Build cohesion between finance & commercial

Internal controls

• Continuously identify and pursue opportunities to improve control procedures
• Follow up on audit queries and ensure that corrective action is taken by responsible teams
• Ensure compliance with approved procedures by means of control checks performed by the finance team

Partnering in a matrix environment

Act as the conduit between business and the various central finance teams (RCL & Remgro) to ensure effective communication amongst different teams and to ensure finance deliverables are met