Financial Controller (Plant/Manufacturing)

Overview:

The position reports to the Plant Manager.

Minimum requirements:

• Grade 12
• National Diploma or Bachelor of Commerce in Financial Accounting or similar (essential)
• Bachelor of Commerce (Accounting), CA(SA) or CIMA (advantageous)
• 5+ years’ experience in a similar role.

Responsibilities:

• Provide financial analysis and support to management and all operational areas of the business
• Monitor and support debtors and creditors
• Maintenance of the fixed asset register
• Control intercompany balancing
• Review weekly payroll
• Review and action financial variances (Budget / Forecast)
• Review and action Balance Sheet Account variances
• Ensure compliance with IFRS
• Maintain the plant CAPEX & Tooling Reports
• Generate information and reports for internal and external use

Internal Control:

• Comply with Internal Controls
• Maintain and Review the Risk Register

Budgets / Forecasts:

• Participate in the budget/forecast process
• Prepare budgets and forecasts for plants
• Prepare plant P/L and balance sheet forecasts

Financial Reporting: Financial Pack:

• Prepare financial reports and returns (Monthly BU/Plant Financial Pack)

Weekly Sales Report: Compile and review Weekly Sales Reports

General Ledger:

• Prepare Provisions and Accruals
• Compile Royalties schedule for month end processing
• Prepare general ledger journals
• Compile general ledger reconciliations

CAPEX, Tooling & Fixed Assets:

• Prepare & maintain a CAPEX and Tooling register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.
• Prepare CAPEX requisitions with all relevant information regarding the CAPEX project.
• Support useful life and residual value of Fixed Assets analysis
• Maintain the BU/Plant Tooling Reports

Audits and Year-end Processes:

• Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
• Prepare and arrange royalty audits

Costing:

• Calculate landed cost on all import shipments
• Prepare / Review DA 190 (Declaration of Imported Components and Raw Materials)
• Investigate Purchase Price Variances (PPV)
• Generate variance report of Actuals to budgeted information

Stock Control:

• Compile daily stock holding report
• Oversee Stock Takes
• Assist with investigating stock count variances
• Overall responsibility for stock

Cash Management:

• Oversee cash management function of the plant
• Monitor daily cash positions and cash flows to ensure settlement and maximise performance
• Manage cash flow and working capital for the plant

Forex:

• Review Forex Forecasts
• Plant FEC contracts based on AP requirements

Continuous Improvement:

• Identify improvement opportunities and make recommendations for improvements
• Participate in Continuous Improvement initiatives

Reporting:

• Prepare financial reports and returns
• Generate information and reports for internal and external use

People Management:

• Ensure an enabling climate/culture.
• Ensure a safe, secure and legal working environment.
• Manage individual, team and departmental performance to achieve organisational objectives.
• Determine the training needs of the Department.
• Coach and counsel people to ensure improved performance levels
• Ensure discipline is maintained in department (absenteeism, lateness, overtime, misconduct, etc.)
• Resolve grievances and disputes

SHE:

• Identify potential hazards and critical safety issues in the workplace
• Address workplace hazards and risks
• Work safely and use safety equipment