Financial Manager

SUMMARY:
Our client in the logistics/freight forwarding industry is urgently looking to employ a Financial Manager at their organization

POSITION INFO:
Location: Germiston, Gauteng

Requirements:

• Degree in Finance/Accounting
• 5 years of experience as a Financial Manager
• Must have experience within the logistics/distribution/freight forwarding industry (non-negotiable)
• Must be willing to undergo a polygraph test
• Must be able to cope with pressure depending on work volumes.
• Able to handle conflict and resolve differences in opinion.
• Bust be tech savvy.
• Must have a strong understanding of corporate financial planning, risk management, and investment strategies.

• Prepare and analyze financial statements, business activity reports, and forecasts to ensure accurate and timely reporting.
• Monitor financial activities to ensure compliance with legal and regulatory requirements.
• Supervise and lead teams involved in financial reporting, budgeting, and related activities.
• Review financial reports and identify opportunities for cost reduction and efficiency improvements.
• Analyze market trends to identify potential areas for profit maximization and business expansion.
• Provide financial insights and recommendations to management to support informed decision-making.
• Oversee cash flow planning to ensure liquidity and effective financial management.
• Manage payment releases and facilitate fund transfers between accounts.
• Administer and track petty cash disbursements and reconciliation.
• Maintain and update the asset register, including overseeing depreciation calculations and management.
• Manage the credit card cashbook to ensure accurate records of expenditures.
• Oversee the salary account cashbook, ensuring timely and accurate payroll processing.
• Lead and manage staff in various financial functions and departments, including:
  • Insurance
  • Debtors management
  • Creditors management
  • Payroll journals and reconciliations
  • Balance sheet reconciliations
  • Loan management, including current portion loans and interest calculations
  • VAT reconciliations, submissions, and audits
  • Amortization schedules and related reporting
• Ensure timely and accurate reporting for external bodies, including Statutory Authorities (e.g., Stats SA).
• Support budgeting processes and financial planning, including regular reporting.
• Manage and oversee the annual audit process, including interactions with auditors and preparation of supporting documentation.
• Coordinate rate increases, ensuring alignment with financial strategies.
• Oversee debtor processes, including credit note processing, cancellation of sales orders, and related actions.
• Supervise creditor processes, including invoice sign-off and reconciliation activities.
• Lead IT-related activities, including the maintenance and setup of Pastel accounting software, user rights management, and database access for the organization.
• Ensure effective Section 24 management, including Employment Equity (EE) management and implementation.
• Oversee Broad-Based Black Economic Empowerment (BBBEE) compliance and strategic alignment.