Financial Manager (Accounting / Management / Investment) Cape Town, South-Africa

Job Description:
An exciting client of ours is looking for a Financial Manager. The Financial Manager will be responsible for the full accounting function of the companies South African entities up to trial balance, including bank accounts, accounts receivable and payable, management accounts and all tax records.

Duties & Responsibilities

• Controllership:

o Monitor the day-to-day financial operations within the company / group
o In respect of financial processes/ controls:
- Develop and document business processes and accounting policies to maintain and strengthen internal controls
- Ensure that the company’s financial systems are robust, compliant and support current activities and future growth
- Constantly investigate improvement of processes
o Assist with all ERP queries, training and develop and implement new procedures on the system
o Assist and oversee debtors and creditors and provide necessary support
o Ensure that the requirements of all statutory bodies are met
- VAT submissions
- PAYE/UIF/SDL submissions
- Dividends withholdings tax
- Income tax
- Companies Act
o Provide financial management and controllership support to FS Systems’ controlling stake investments, JVs, partnerships
o Provide operational support where required
o Keeping up to date with the latest SARS and IFRS changes and implementation thereof.

• Accounting:

o Maintain financial records and prepare general ledger accounts and ensure that the general ledger is maintained for all entities
o Prepare and Record Journal Entries
o Record lease smoothing entries
o Maintain the fixed asset register and calculate depreciation journal entries
o Prepare project WIP calculations
o Calculate commission payable on a monthly basis

• Financial reporting:

o Ensure the GL is properly maintained
o Drive the month-end and year-end close process
o Prepare monthly consolidation workings (inter-company eliminations, etc.)
o Prepare monthly management accounts for the business, including commentary
o Prepare monthly cashflow forecasts
o Prepare monthly packs for sales meetings
o In respect of the year-end audit:
- Liaise with external auditors
- Co-ordinate the audit process
- Oversee the preparation of audit files and aid where necessary
o Understand, monitor, and report key business and financial drivers
• Cash flow / treasury:
o Perform a treasury function:
- Ensure sufficient funds are available to meet ongoing operational and capital investment requirements
- Release payments
- Action inter-company transfers and forex conversions

• Budgeting:

o Assist CEO and Divisional Managers with the preparation of the budget
o Report to management on variances from budget as well as reasons for variances

• Working capital

o Review large overdue accounts with Divisional Managers and work on joint plans to drive collections
o Participate in financial risk analysis, payment method structuring, overdue account escalations to ensure improvement of the account receivable portfolio
o In linkage with Group Operations Manager negotiate favorable credit terms from suppliers. Monitor accounts payable performance.
o Drive visibility of Inventory, Accounts payable and cash collections performance
o Drive decrease in overdue debtors by analyzing operational drivers and driving process improvement

• Other:

o Ensure that insurance policies are up to date
o Submit and manage insurance claims as and when they arise
o Functional expert on ERP system
o Financial controllership of stock takes, cycle counts, inventory management
o Review customer and supplier agreements
o Ensure legal compliance

• BEE:

o Assist with driving the BEE strategy
o Compile necessary documents for submission to the verification agent
o Ensure BEE compliance

• Stakeholders:

o Attend to ad-hoc stakeholder queries / information requests
o Key Performance Indicators (KPIs)
o Controllership
o Accounting
o Financial reporting
o Treasury
o Budgeting
o Stakeholder engagement
o Working Capita

Requirements:
• BCom Accounting Degree or CIMA qualified
• 3-5 years’ experience within a similar role
• Experience in Cost Accounting (Experience in working in Construction project environments would be beneficial)
• Leadership skills and experience
• Solid communications skills – both written and verbal
• Deep understanding of business principles and practices
• Superior attention to detail
• Organizational skills, planning skills, multi-tasking, research skills, analytical skills, critical thinking skills, problem solving skills
• Integrity and honesty
• Knowledge of BEE Codes