Financial Manager

The Group Finance Manager is not only responsible to provide advice on how the company and future business decisions might be impacted from a financial perspective but also is responsible to collect, interpret and review financial information as well as produce financial reports related to budgets, account payable, account receivables, expenses etc.

The Group Finance Manager is responsible to assist in the development of long-term business plans based on available financial data and develop strategies to minimise financial risk. The role also involves analysing market trends and competitors to predict future financial trends, identify business opportunity, and improve profitability whilst maintaining the administrative, financial, and risk management operations of the business and all its subsidiaries.

Group Finance Manager will be supporting the General Manager: Finance.

Main Duties and Responsibilities (Not Exhaustive):

GROUP OF COMPANIES [RSA, Thailand, Germany, USA, Mexico]

• Management of all administrative staff and review of work, dealing with all queries from staff and all day-to-day administration functions (typical of a large company) across all companies in the
• Oversee financial department employees
• Track the company’s financial status and performance to identify areas for potential improvement
• Seek out methods for minimising financial risk to the company
• Provide insightful information and expectations to senior management to aid in long- term and short-term decision making
• Review financial data and prepare monthly and annual reports to be presented to senior
• Implement budgets and investigate and substantiate variances
• Establish and maintain financial policies and procedures for the company
• Understand and adhere to financial regulations and
• Ensure effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax
• Develop financial and tax strategies and ensure compliance.
• Oversee and ensure the integrity all transactions and processing
• Implement financial best practices in support of the
• Provide strategic recommendations to enhance the financial performance of the business
• Monthly reconciliation of intercompany loan accounts, debtors, creditors, sales and cost of sales across all companies in the
• -Liaising with bank and compiling required information regarding SARB exchange control approvals and extensions for forex payments.
• -Liaise with bank regarding draw downs, FEC’s, Dual Currency deposits, letters of credit, guarantees and other financial
• Create / release and oversee foreign payments for all companies
• Maintenance of bank balances and cash flow forecasts
• Accounting software administration

Holding Company

• Prepare monthly trial balance for management accounts – reconcile all balance sheet accounts and review of income statement
• Local payments and banking (dual release system) – Weekly and month end
• High level analysis of monthly creditors
• Monthly foreign debtors, creditors and CFC bank account revaluations
• Processing monthly salary journals, reconcile salary control accounts, staff loans and payroll accrual accounts
• Preparation of audit pack and reports for annual external audit and overseeing the running of audit
• Processing of invoices where necessary and monthly foreign cash book processing and reconciliation
• Provisional tax calculations, returns and payments
• Monthly VAT returns and reconciliations and liaising with SARS regarding any queries
• Preparation and submission of annual tax returns and IT14SD Reconciliations
• Dividend returns and DWT when dividends are declared
• Insurance Claims, updates to insurance policies
• Rental contracts / agreements
• Annual and quarterly STATS SA returns
• Assist payroll and HR with tax queries (where required)

Policies and Procedures

• Adhere to the policy and procedures adopted by the organisation
• Follow all lawful instructions pertaining to the performance of duties

Health and Safety

• Ensure all health and safety regulations are complied
• Ensure working environment is kept clean and
• Maintain safe operations by adhering to safety procedures and regulations

Qualifications and Required experience

• Qualified CA
• Must have strong Job costing and international trade and taxation experience
• Eight to Ten years’ experience in progressively responsible financial leadership roles
• preferably in an automotive/ engineering industry, looking for a new challenge. Experience with SQL reporting and large ERP systems / development is an advantage

Characteristics:

• Attention to detail with the ability to work with a high level of accuracy
• Ability to work independently and as a team player Organise, plan and prioritise work
• The ability to work unsupervised

 Working Conditions:

• Office Environment Own computer with required software

 Direct Reports:

• All subordinates employed in the Finance Department