SUMMARY:
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POSITION INFO:
Job Purpose:
- To consolidate and report financial information. Reporting to: Financial Manager (Business Unit)
Minimum requirements:
- Matric / Grade 12
- National Diploma or Bachelor of Commerce in Financial Accounting or related qualification
- 5+ years’ experience in a similar role
- Bachelor of Commerce (Accounting), CA(SA) or CIMA - Highly advantageous
Main responsibilities:
Financial Strategy:
- Provide support on the Financial Strategic Plans
General Financial Management & Reporting:
- Provide financial analysis and support to management and all operational areas of the business
- Review and action financial variances (Budget / Forecast)
- Review the BU/ Plant Flash Results and analyse variances
- Review and action Balance Sheet Account variances
- Prepare financial reports and returns
- Generate information and reports for internal and external use
Financial Management Systems:
- Manage and maintain the accounting and business intelligence systems
- Administer the Feltex Management Information System
Internal Control:
- Design, document and implement Internal Controls
- Maintain and Review the Risk Register
- Comply with Internal Controls
Budgets:
- Prepare the consolidated Budget process and timing plan
- Review Operational budgets
- Co-ordinate and consolidate all budgets
Forecasts:
- Prepare the consolidated forecast process and timing plan
- Co-ordinate and consolidate all forecasts
- Review all forecasts
Financial Pack:
- Prepare and circulate the Monthly BU Financial Pack
- Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
Flash Results:
- Review the BU Flash Results and action variances
- Review the BU/ Plant Flash Results and analyse variances
CAPEX & Fixed Assets:
- Consolidate & maintain the BU/Plant Capex Reports
- Review CAPEX spend
- Support useful life and residual value of Fixed Assets analysis
Tooling:
- Consolidate & maintain the BU/Plant Tooling Reports
Weekly Sales Report:
- Review Weekly Sales Reports
General:
General Ledger:
- Review Balance Sheet Account reconciliations
- Review and authorise Journal entries
Audits and Year-End Processes:
- Prepare the consolidated Audit plan
- Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
- Prepare reporting Accounting, Audit and Tax Packs
- Facilitate completion of financial statements for Legal entities
- Conduct a final Review and submit to Holding Company
Banking:
- Release weekly bank transfers (creditors and wages)
- Review and authorise Creditors payments
Cash Management:
- Oversee cash management function of the BU.
- Monitor daily cash positions and cash flows to ensure settlement and maximise performance
- Manage cash flow and working capital
Debtors Management:
- Oversee debtors’ function of the BU.
- Facilitate and input into debtors’ management process
- Review debtors age analysis, providing an analysis and action plans for debt collections
Creditors:
- Oversee creditors function of the BU.
- Facilitate and input into creditors management process
- Review creditors age analysis and GRNI providing an analysis and action plans
Forex:
- Manage Forex risk
- Review Forex Forecasts
Statutory Returns:
- Ensure compliance with the general tax provisions
- Review Statutory Returns (VAT, PAYE, SDL, UIF, WCA) and ensure that they are submitted timeously
- Support process of Provisional/Income Tax returns
- Prepare and submit Government Incentive Applications
Insurance:
- Review and submit Insurance Declarations
- File claims for losses
Continuous Improvement:
- Identify improvement opportunities and make recommendations for improvements
People Management:
- Ensure an enabling climate/culture
- Participate in the implementation and utilisation of equity related processes
- Compile and update Performance Contracts and Individual Development Plans and facilitate individual career path planning
- Conduct Performance Reviews and manage sub-standard performance
