Financial Manager

Responsibilities:

• Supervise and evaluate the performance of team personnel; provide and/or conduct staff development and training of the staff.
• Weekly recon of stock / freight supplier accounts for review to the CEO and CFO.
• Compiling the creditors payment list weekly for the CFO.
• Ensure the Customer / Supplier invoices and credit notes are aligned and captured correctly.
• Ensure that the leadership team have accurate and timely financial information.
• Update the excel bank recon sheet daily (Dollar).
• Review and sign off bank recons daily.
• Process bank transfers/ deals (FEC).
• Process foreign outward payments.
• Compile monthly management accounts.
• Reconcile creditors accounts.
• Maintain and evaluate fixed asset accounts.
• Reconcile debtor accounts.
• Monitor control accounts.
• Monitor, review, and approve documentation related to accounts payable, accounts receivable, bank reconciliations, and inventory.
• Requesting and checking budgets
• Create working papers for provisions and revisions.
• Compile the VAT201 report.
• Compare the VAT404 with VAT201 reports.
• Requesting ISA statements and pass entries and reconcile.
• Process relevant month end journals.
• Keep FAR up to date with any additional assets.
• Process monthly the depreciation journal to Pastel and reconcile to FAR.
• File assets invoices for record keeping purposes and upload it to the cloud-based system.
• Draft new job descriptions/scopes for the finance department and posting of new appointments.
• Liaise with the recruitment agencies regarding new posts and be part of the interview panel.
• Assisting with year-end audits and working papers.
• Formulate methods to improve finances and develop recommendations concerning the company’s financial position.
• Plan, review, and update or revise automated and manual reporting systems for the company as appropriate.
• Lead and assist your team and ensure deadlines are met.
• Development of work plans and communication of those plans both verbally and in writing.

Requirements:

• BCom in Finance.
• Minimum of 3 -5 years working experience in a similar role.
• Take responsibility for content and quality of assigned work.
• Meeting the deadlines.
• Delegation of work and holding of subordinates appropriately accountable.
• Understanding of financial software.
• Strong interpersonal and communication skills.
• Ability to manage and guide employees with the financial processes.
• An understanding of financial statistics and accounting principles.
• An understanding of South African financial regulations, tax laws and accounting standards.
• Have the ability to lead a team.
• Experience in dealing with foreign currency and exchange rates.

This role requires someone that has knowledge of accounting theories, principles and practices. You also need to be an effective leader and create a shared vision of the company’s goals. You should have the ability to plan, organize, direct and control the activities, functions and personnel in the finance team.