PURPOSE OF THE ROLE:
The Financial Controller reports to the Financial Manager and manages a successfully functioning Finance Department, comprising four administrators responsible for inventory, accounts payable, sales, accounts receivable, treasury and other general ledger functions.
The role oversees the day-to-day accounting as well as treasury functions and initiates the month-end closing and reporting processes, which in turn is submitted to Management and Group Finance.
Lead and develop finance team members.
Maintain a high level of credibility and manage strong working relationships with external parties.
Liaison with Management and assist with the preparations for monthly financial review meetings.
Assist with the preparation of timeous consolidated financial management accounts.
Assist with the annual budget and quarterly forecast processes.
Maintain the necessary controls over sales and expenditure.
Control and manage the ledgers (GL, AR and AP) and take ownership of the accuracy of financial records. Sign-off and release all journal and cashbook entries.
Review and signoff all monthly balance sheet and income statement reconciliations.
Responsible for submissions and reconciliations of all statutory obligations comprising Income, Payroll and Customs Taxes, as well as other regulatory filings.
Responsible for assisting with year-end and internal audits and deliverables, including liaison with external auditors.
Review standard cost and consumption variance reports and drive investigations to identify the reasons for discrepancies.
Administer the periodic update of standard costs.
Oversee monthly stock counts, review variance reports and advise corrective action.
Diligently manage cash flow by actively monitoring bank accounts on a daily basis to ensure optimal returns on working capital.
Perform detailed review of all documents submitted in support of payment runs.
Liaise with bank on all forex trading activities.
Ensure the completeness of all export sales documentation.
Prepare quarterly BBBEE monitoring reports and assist with preparations for annual BBBEE verification.
Provide financial technical support to FM with detailed knowledge of IFRS and relevant tax legislation.
Prepare and compile advanced reports and presentations with minimal guidance, utilizing creative information.
EDUCATION, EXPERIENCE AND COMPETENCIES REQUIRED:
CA(SA) or CIMA preferred.
Honours degree in relevant field of study.
Minimum 3 years’ management experience.
Minimum 5 years’ experience post articles.
Manufacturing Experience is non-negotiable. Experience in Financial Planning and Analysis, Stock Control and Costings.
Sound Management and Financial Skills (planning, organizing, coordinating, resource allocation, control).
Strong proficiency in Microsoft Excel is non-negotiable.
Experience with ERP systems and MIS software is a pre-requisite. MS Dynamics NAV and Jet Reports experience is advantageous.
Understanding of Legislations, Compliance and Procedures.
Innovative and Creative.