Group Financial Manager

Purposes :

• Role will be based in East London and is responsible for the management of plants in Durban and Pretoria.
• In close collaboration with EU Finance Director and will be responsible for overseeing the finance and accounting functions of the business.
• Accountable for financial planning, forecasting, budgeting, financial reporting, and analysis to provide the strategic insights necessary to guide the business decision-making process and contribute to profitability and growth

Main Areas of Responsibilities :

General :

Responsible for the timeliness and quality of the reporting

Ensures proper analysis is provided in order to support the management team.

Following corporate and divisional procedures and controls

Following local accounting principles, rules and tax regulation (including BBBEE)

Banking relationship

Interaction with all departments in the company both locally and internationally

Ad hoc requests as and when received.

Policies and Procedure review

AIS Grants

Position Specifications :

STD costing

Reporting : Capex DB, Rolling Forecast, Tooling reporting, Overdue reporting

OS : Intercompany, Sales and Contribution

Balance sheet reconciliation, Journal entries SOX reports and certificates

Fixed assets (including supporting preparation of Screenings and Capex)

Project management and tracking – CEA.07

CM walk – CAP7

Internal controls including BS reconciliations.

Sales prices control

Payroll review

Support the development of Forecasts, Budget and MTP plan.

Following corporate and divisional procedures and controls

Month-end closing – manual journal preparation, accounting control

Support other departments - Ensures proper analysis is provided to support the management team.

Responsible for management of local finance department

Hedging, currency management, cash forecasting

Daily and Monthly Tasks :

Cashflow review and management

Journal entry review

Balance Sheet Recon reviews

Payment release on the bank (local / foreign / payroll)

Month end GL and account review

Month end meeting analysis, commentary and reporting

Short term forecast review

Purchase order authorization

Internal control / General Control Framework / Risk Management

Payroll review

BBBEE involvement

VAT review

Capex involvement

Costing / Pricing changes reviewed

Quarterly Tasks :

Financial review Questionnaire and other HO quarterly requirements

Annual Tasks :

Tax – Year end calculations, Transfer Pricing, Country-by-Country reporting

AFS review

Budget coordination, finalization and presentation

Insurance

Key Requirements :

CA (SA)

Minimum 5 years in charge of a finance department of a manufacturing company with a national / global footprint.

Highly Motivated Individual with a positive attitude and flexible approach to work.

An understanding of regulatory and financial reporting regime and IFRS

Proven track record of clean financial management and administration

Financial Modelling Knowledge

Excellent interpersonal skills with the ability / desire to work in a team

Strong leadership skills : ability to effectively influence all levels of management +strong analytical and conceptual abilities

Well-refined technical finance and strategic skills

Corporate Finance experience advantageous

Assist the organization with administrative, filling and other smaller support functions.