Financial Controller

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:

• Comply with IFRS

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