Financial Manager

SUMMARY:
We are seeking a Financial Manager to join our team on a contractual basis. This role is based in Fourways and is ideal for professionals with 3 to 5 years of experience, particularly those with an IT background or experience within the IT sector.

POSITION INFO:
Are you a seasoned Financial Manager with a knack for IT and a strong accounting background? We have an exciting opportunity for you!

Key Responsibilities:

1. Billing and Collections
   
   • Liaise with project/program managers to gather billing records (sign-offs, work orders, etc.).
   • Review timesheets captured on Xero for cost WIP accrual and COS allocations.
   • Prepare customer invoices based on sign-offs from project/program managers and the customer.
   • Manage customer accounts:
     • Maintain the age analysis to ensure that debtors are not long outstanding.
     • Follow up on long outstanding invoices.
     • Attend to customer queries.
   • Allocate customer receipts.
   • Prepare monthly billing reports.
   • Prepare monthly debtors reports (including age analysis, debtors’ days outstanding, and a summary of long outstanding invoices with related issues).
   • Follow up on outstanding debtors.
2. Procurement and Accounts Payable
   
   • Create, review, and authorize Purchase Orders (PO).
   • Receive, verify, and process invoices for payment.
   • Prepare vendor statements.
   • Handle and attend to vendor queries.
   • Manage 3rd party vendors.
   • Prepare monthly creditors reports (including age analysis and a summary of long outstanding invoices with related issues).
3. Assets Management
   
   • Record assets purchased by the JV.
   • Maintain and update the JV’s Assets Register (update records for additions, disposals, transfers, etc.).
   • Verify existing assets at year end.
4. Treasury
   
   • Maintain the JV bank account.
   • Handle payment verifications and releases.
   • Allocate customer receipts.
   • Monitor the bank daily.
   • Perform monthly bank reconciliations.
5. Reporting
   
   • Maintain and manage the accounting system (Xero).
   • Review monthly transactions (Trial Balance).
   • Prepare month-end journals (accruals, provisions, etc.) and revenue recognition in compliance with IFRS15.
   • Liaise with JV partners’ financial managers to obtain cost-related information (resources and overhead costs).
   • Reconcile related party transactions, prepare and submit a report to EXCO on the transactions between JV and the JV partners.
   • Prepare monthly management reports with actuals compared to budget and prior comparative periods:
     • Management accounts should include at a minimum: (1) Income Statement, (2) Balance Sheet, and (3) Statement of Cash Flows.
     • Submit and present the management accounts to EXCO.
   • Liaise with auditors for annual audits.
6. Compliance (Statutory Submissions)
   
   • Prepare and submit bi-monthly VAT returns.

• 3 to 5 years of experience in a financial management role
• Strong accounting background with experience in all-round accounting functions
• IT background or experience within the IT sector is highly preferred
• Excellent analytical and problem-solving skills
• Ability to work independently and manage multiple tasks
• Being a Chartered Accountant is not a requirement but would be an advantage

NB! This job is now closed. You can apply for other jobs by uploading your CV.