Financial Controller: Plant

SUMMARY:
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POSITION INFO:

REQUIREMENTS

• B.Com or National Diploma (Financial Accounting)
• Chartered Institute of Management Accountants (CIMA) Qualification
• Relevant experience in a similar role

RESPONSIBILITIES

• Compile and provide accurate and timeous financial information to the plant management to make informed business decisions
• Financial strategy
  • General financial management
    • Provide financial analysis and support to management and all operational areas of the business
    • Monitor and support debtors and creditors
    • Maintenance of the fixed asset register
    • Control intercompany balancing
    • Review weekly payroll
    • Review and action financial variances (budget/ forecast)
    • Review and action balance sheet account variances
    • Ensure compliance with IFRS
    • Maintain the plant Capex and tooling reports
    • Generate information and reports for internal and external use
  • Internal control
    • Comply with internal controls
    • Maintain and review the risk register
  • Budgets/ forecasts
    • Participate in the budget/ forecast process
    • Prepare budgets and forecasts for plants
    • Prepare plant P/L and balance sheet forecasts
• Financial reporting
  • Financial pack
    • Prepare financial reports and returns (monthly BU/ plant financial pack)
  • Flash results
    • Compile the BU/ plant flash results and analyse variances
  • Weekly sales report
    • Compile and review weekly sales reports
  • General ledger
    • Prepare provisions and accruals
    • Compile royalties schedule for month-end processing
    • Prepare general ledger journals
    • Compile general ledger reconciliations
  • Capex, tooling and fixed assets
    • Prepare and maintain a Capex and tooling register tracking actual spend against approved spend, planning future profitability and cash flows of the projects
    • Prepare Capex requisitions with all relevant information regarding the Capex project
    • Support useful life and residual value of fixed assets analysis
    • Maintain the BU/ plant tooling reports
  • Audits and year-end processes
    • Prepare and plan the year-end statutory audit (external and internal) in line with the consolidated audit plan
    • Prepare and arrange royalty audits
  • Costing
    • Calculate landed cost on all import shipments
    • Prepare/ review DA 190 (declaration of imported components and raw materials)
    • Investigate purchase price variances (PPV)
    • Generate variance report of actuals to budgeted information
  • Stock control
    • Compile daily stock holding report
    • Oversee stock takes
    • Assist with investigating stock count variances
    • Overall responsibility for stock
  • Cash management
    • Oversee the cash management function of the plant
    • Monitor daily cash positions and cash flows to ensure settlement and maximise performance
    • Manage cash flow and working capital for the plant
  • Debtors management
    • Review debtors' age analysis, providing an analysis and action plans for debt collections
  • Creditors
    • Review creditors' age analysis and GRNI providing an analysis and action plans
  • Forex
    • Review Forex forecasts
    • Plant FEC contracts based on AP requirements
  • Continuous improvement
    • Identify improvement opportunities and make recommendations for improvements
    • Participate in continuous improvement initiatives
  • Reporting
    • Prepare financial reports and returns
    • Generate information and reports for internal and external use