Job Description
The main purpose is to ensure the effectivemanagement of all the financial aspects of the Company
Duties & Responsibilities
Strategic:
- Good relationship building Banks, legal consultants, tax consultants, auditors and head office (HQ)
- Working towards and fulfilling of executive level goals and objectives as set out in the Mission and Vision, in linewith the identity, principles and culture
- Financial planning and control in place to reach set targets
- Budget and forecast planning
- Implement and maintain efficiency monitoring systems for Company
Business critical:
- Proactively manage staff, review performance and contribute to continuous learning and development
- Mobilize all financial systems and resources to work in harmony, efficiently and effectively
- Review, amend and improve all standard operating procedures for relevance and compliance
- Draw up the budget plan, review all items for accuracy and relevance
- Also reporting on the budget and keep up to date, monitoring that the budget is adhered to at all times
Financial reporting:
- Arrange all audits for Company and associated companies, done efficiently and diligently
- Review monthly management account packs for the Company that are reviewed in the management meeting by executive level. Make recommendations and implement systems to maximize alignment with goals and objectives
- Report on the budget of the Company both in sales and expenses
Financial controls:
- Review, amend and implement adequate policies and procedures to mitigate risks, prevent fraud and ensure compliance with legislative requirements
- Minimize crisis management scenarios
- All amounts to balance and be accounted for
- Source and application of funds
Cash Flow Management:
- Monitor, plan and control daily cash flow resources to meet obligations
- Invest cash resources for tax planning and year end salaries and bonuses
- Perform statistical and/or actuarial analysis by applying appropriate protocols in analyzing data
- Cash flow forecasting
Financial Accounting:
- Oversee all areas of processing up to trial balance
- Review and reconcile general ledger accounts, including main control accounts; Creditors, Debtors, Stock and Cash
- Review of monthly management accounts
- Debtors (including collections)
- Supplier payments take full responsibility and accountability of payment process, accuracy a must (Creation of POs on accounting system, liaising with SA for payments and addressing queries)
- Accounting monthly suppliers on accrual basis (ensure all monthly invoices are received and recorded in the applicable month)
- Knowledge of Statutory requirements, including due dated, submissions and payments
- Experience in dealing with external auditors
- Experience in debtor hand overs (legal)
- Review of monthly cash book transactions
- Review monthly bank account reconciliations
- Allocations and payments to debtors/creditors ledgers
- Phoning debtors for late payments, sending out letters or letters of demand
- Adhoc duties assigned by management and HQ
Desired Experience & Qualification
- BCompt (Accounting Sciences)
- Registered Business Accountant in Practice (SAIBA BAP)
- Registered Tax Practitioner (SARS & SAIT)
- Finance and accounting, economics, business laws or human resources
- Min of 10 years of experience in accounting, management and auditing.
- A solid understanding of the law, modern business technologies and HR management is crucial
- Well written and spoken acumen in English