Financial Manager
REF: KK699
Market Related Salary
Elsies River, Western Cape
Our client is looking for a hands-on, commercially minded Finance Manager with strong technical accounting and financial management experience, sound business judgement, and the ability to operate effectively in a manufacturing environment to join their team. The ideal candidate will be an experienced Management Accountant, Senior Financial Accountant, Cost Accountant or Finance Manager who has developed strong expertise within a manufacturing environment.
The successful candidate will be responsible for providing accurate, timely and commercially meaningful financial information to support the management of the business. You will work closely with the Managing Director and operational leadership to understand financial and operational performance, identify risks and opportunities, investigate variances and provide practical financial insight to support business decision-making. You must be comfortable working with both detailed financial information and the broader commercial and operational picture.
The successful candidate should have strong capabilities in the following:
Financial Management:
Monthly management accounts and financial reporting
Balance sheet and income statement review
Cash-flow management and forecasting
Budgeting and latest estimates
Financial controls and reconciliations
Financial and operational variance analysis
Manufacturing Costing:
Standard costing
Product costing and margin analysis
Customer and product profitability analysis
Material, labour and overhead variances
Recovery rates
Labour efficiency analysis
BOM and production-related costing
Inventory:
Inventory valuation and reporting
Stock ageing and stock-turn analysis
Obsolescence and expiry-risk analysis
Inventory forecasting and control
Business Intelligence:
Strong practical Power BI capability, including development of dashboards, reports and management information
Ability to interrogate and analyse large datasets
Ability to convert existing Excel-based reporting into more effective BI solutions
Ability to identify opportunities to improve reporting, visibility and decision-making through data
Systems:
ERP: Strong ERP capability; Syspro experience strongly preferred
Excel: Advanced Excel capability
Systems: Strong systems orientation, with the ability to understand, improve and integrate financial reporting processes
The successful candidate must be able to:
Understand the commercial drivers behind financial results
Explain financial information clearly to non-financial managers
Identify the reasons behind variances rather than simply reporting them
Challenge assumptions and investigate unusual results
Identify financial risks and opportunities
Translate financial and operational data into useful management information
Make recommendations and support management decision-making
Understand the relationship between costing, pricing, margins, inventory, production efficiency and profitability
REQUIREMENTS:
Minimum 5 years’ relevant post-graduate accounting/finance experience
At least 2–3 years in a senior accounting, management accounting or financial management role
Proven experience in a manufacturing, production or factory environment
Strong experience in management accounting and manufacturing costing
Practical experience with standard costing, Bills of Materials, product costing and margin analysis
Practical experience with budgeting, forecasting, variance analysis and financial reporting
Experience with inventory and stock reporting in a manufacturing environment
Advanced Excel capability
Proven practical experience using Power BI for reporting, dashboards and data analysis
Experience working with an ERP system; Syspro experience is strongly preferred
Experience with cash-flow forecasting and financial analysis
The proven ability to interpret financial and operational data and provide meaningful information and recommendations to senior management