Financial Manager

Job Purpose: 

Establishment of the benchmark for Internal Control and Financial reporting within the group. 

Duties & Responsibilities:

• Maintain a documented system of finance policies and procedures.
• Oversight and management of staff within the Finance (Trading) department.
• Implement consistent accounting policies and maintain internal controls and the general ledger chart of accounts.
• Review and monitor ledger accounts and reconciliations.
• Assistance with treasury function including, but not limited to:
  • Maintaining the integrity of the groups’ online banking platforms (assignment of responsibilities),
  • Monitoring cash flow requirements of the group on a daily basis,
  • Releasing payments,
  • Maintaining banking relationships,
  • Investigating the best available platforms for investing excess funds to ensure that the group receives the best available returns,
• Assist the Director’s in securing Capital Asset financing (Trading):
  • Creating Bank pack’s for presentation to the financiers,
  • Review the terms and conditions of proposed finance and report findings to the Director’s.
• Monthly review of cost reports for new developments and tenant installations against budgets.
• Manage the preparation of the trading companies’ budgets.
• Report to management on the monthly performance of the trading companies’, variances to budget and reasons for those variances.
• Engage in ongoing cost reduction analysis in all areas of the group.
• Authorising expenditure in accordance with the parameters set out in the finance policies and procedures manual.
• Assistance with the audit:
• Drafting Annual Financial Statements,
• Reviewing audit files prepared by the bookkeepers,
• Review and authorise any changes required by the auditors.
• Assistance with tax matters.
• Review of VAT and tax documentation prior to submission to SARS.
• Calculation of provisional tax payments.
• Continual evaluation of suitability of current or proposed new accounting systems.
• Monthly review and authorisation of Petty Cash Reconciliations.
• Management of the credit facilities offered to customers (trading).
• Insurance claims for the trading entities.
• Guarantees – Internal and external.
• Fleet tracking and reporting.
• Responsible for overseeing and managing the operations of the charitable trust. 

Educational Qualifications and Other Job Requirements:
The preferred requirements of a Financial Manager are as follows: 

• Chartered Accountant (SA)
• Minimum 3 years post-articles managerial experience

Skills:

• Well-versed with accounting practices, particularly IFRS for SME’s and the tax laws of SA.
• Up to date with changes in legislation and committed to continued development.
• Highly accurate.
• Ability to identify and respond to risks.
• Presence of mind & diligence.
• Excellent organizational skills.
• The ability to learn, adapt quickly, use initiative in proposing solutions to problems.
• Analyzing Information and clear presentation of collated information.
• Dealing with complexity.
• Attention to detail.
• Good leadership abilities.