Group Financial Risk Manager
Posted on :
14-02-2024
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Job Description
Prepare and complete financial budgets information and reports.
Ensure that all month end operational reports are prepared correctly and reviewed once received from head office to ensure accuracy thereof
Review Income statement and cashbook to ensure costs are correctly processed.
Review and ensure debtors reconciliations are correct.
Review and ensure adequate provisions are raised for uncaptured creditor’s invoices. Old Wip Prior month COS Bonus Leave liability etc
Ensure accuracy and completeness of GL Journals processed
Review the Balance Sheet to ensure accuracy and identify any RISK
Correctness of allocations and treatment for VAT
Oversee the Panelshop division’s creditors’ reconciliations.
Review follow up / assist with queries / other outstanding issues as and when required
Ensure timely submission of reconciliations and confirmation of payments
Payments reviews. Ensure GROUP STANDARD COMPLIANCE
Review and ensure AR/AP age analysis balance to TB
Financial reporting to head office Stats reporting (Paint analysis/Bank debtors/Daily Bank balances)
Monitor daily target
Monitor Cost of sales %
Manage and control the Companies administration and financial processes
Review and signs off work executed by team members and ensure it conforms to policies procedures and legislative requirements
Maintain/update and implement internal controls and procedures.
Improve monthly reporting to group FM with proper variance analysis
Train and educate branch on procurement/cost savings Liaise with Group Procurement on supplier’s issues (discount structures/ new suppliers etc.
Balance sheet reviews ensuring outstanding items are cleared timeously Ensure maintenance of Governance and Compliance
Ensures compliance with codes of conduct policies and procedures and legislative requirements
Contribute to the development of creditor’s policies system practices within best practice industry standards and applicable legislation
Provides input into other finance policies processes and systems as well as alignment with related function processes and systems
Maintaining accurate content and integrity of the management accounts
Maintaining accurate content and integrity for all other financial information
Maintaining and implementing a system of internal control
Maintaining proper delegation of responsibilities
Implementation and maintenance of fraud prevention and detection measurements
Assist branches on monthend queries such as Sales adjustments WIP COS investigations
Liaise with internal / external stakeholders(suppliers/banks/auditors) and developing excellent relations with them
Management and Development of staff
With assistance from HR recruit competent high performance staff
Contribute to developing an enabling culture and high staff retention through mentoring
Drive performance management throughout the year
Provide training and development to ensure succession Conduct annual performance appraisals
Review Income statement and cashbook to ensure costs are correctly processed.
Review and ensure debtors reconciliations are correct.
Review and ensure adequate provisions are raised for uncaptured creditor’s invoices. Old Wip Prior month COS Bonus Leave liability etc
Ensure accuracy and completeness of GL Journals processed
Review the Balance Sheet to ensure accuracy and identify any RISK
Correctness of allocations and treatment for VAT
Oversee the Panelshop division’s creditors’ reconciliations.
Review follow up / assist with queries / other outstanding issues as and when required
Ensure timely submission of reconciliations and confirmation of payments
Payments reviews. Ensure GROUP STANDARD COMPLIANCE
Review and ensure AR/AP age analysis balance to TB
Financial reporting to head office Stats reporting (Paint analysis/Bank debtors/Daily Bank balances)
Monitor daily target
Monitor Cost of sales %
Manage and control the Companies administration and financial processes
Maintain/update and implement internal controls and procedures.
Improve monthly reporting to group FM with proper variance analysis
Train and educate branch on procurement/cost savings
Balance sheet reviews ensuring outstanding items are cleared timeously
Contribute to the development of creditor’s policies system practices within best practice industry standards and applicable legislation
Provides input into other finance policies processes and systems as well as alignment with related function processes and systems
Maintaining accurate content and integrity of the management accounts
Maintaining accurate content and integrity for all other financial information
Maintaining and implementing a system of internal control
Maintaining proper delegation of responsibilities
Implementation and maintenance of fraud prevention and detection measurements
Assist branches on monthend queries such as Sales adjustments WIP COS investigations
Liaise with internal / external stakeholders(suppliers/banks/auditors) and developing excellent relations with them
Management and Development of staff
Contribute to developing an enabling culture and high staff retention through mentoring
Drive performance management throughout the year
Provide training and development to ensure succession
Employment Type
Full Time
Key Skills
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