Finance Controller

Purpose :

• This role ensures strong financial control while delivering accurate information to guide operational and strategic decisions. Reporting to the financial manager.

Minimum Requirements:

• Grade 12 (matric) senior certificate
• CIMA / Diploma or Degree in Accounting or Financial Management
• 8+ years’ experience in a Financial Controller position
• Computer Literacy
• Experience with MS Office
• Advanced Excel
• Knowledge of BPCS Accounting system (Highly Advantageous)
• Experience in the Motor Industry (Highly Advantageous)

Key Responsibilities:

Financial Reporting:

• Prepare financial reports and returns for internal and external use
• Provide financial analysis and support to plant management and all operational areas of the business
• Review and action Financial variances (Budget / Forecast / Estimate)
• Ensure compliance with IFRS
• Submission of monthly and annul reports on reporting platform (Onestream)

General Ledger:

• Prepare provisions and accruals
• Prepare general ledger journals with appropriate support
• Prepare monthly general ledger reconciliations (BS & IS) in line with group requirements and action variances
• Ensure timely and accurate closing from a GL point of view

Internal control:

• Ensure compliance to Global Control Framework (GCF) and Delegation of Authority (DoA) and company policies and procedures
• Prepare and submit monthly Control checks allocated as per Global Control Framework (GCF)
• Maintain the risk register.

Budget / Forecast:

• Prepare detailed plant budget and medium term forecast anually with colaboration of plant management
• Prepare monthly short term forecast (P/L & BS)
• Prepare weekly flash and month-end estimate

CAPEX, Tooling & Fixed assets:

• Prepare & maintain a CAPEX and Tooling reports & register tracking actual spend against approved spend, planning future profitability & cash flows of the projects
• Prepare CAPEX requisition with all relevant information regarding the CAPEX project
• Support useful life and residual value of Fixed Assets analysis
• Perform asset verification

Audits and Year-End Processes:

• Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
• Prepare reporting Accounting, Audit and Tax Packs
• Support in providing information on internal audit, and closure of findings stemming from internal audit
• Support with BBBEE audit

Costing:

• Calculate landed cost on import shipments
• Prepare / review BOM's, Cost sets / cost buckets
• Investigate Purchase price variances (PPV)
• Generate variance report of Actuals to budget information
• APDP & EUR 1 submissions

NWC & Cash management:

Stock:

• Oversee Stock Takes & assist with investigating stock count variances
• Review maintenance spares, obsolete stock and NRV of stock

Debtors Management:

• Review debtors age analysis, providing an analysis and action plans for debt collections
• Review / approve credit notes within limit of authority

Creditors:

• Review Creditors age analysis and GRNI providing an analysis and action plans
• Approve requisitions within limit of authority
• Review and authorise Creditors payments
• Review weekly payroll

Cash:

• Prepare cashflow
• Monitor daily cash position and cash flows to ensure settlement and maximise performance

Intercompany:

• Perform Intercompany reconciliation and ensure zero clockouts at month-end

Forex:

• Prepare Forex Forecasts
• Book FEC contracts-based on AP requirement & review Excon applications."

Statutory Returns and taxes:

• Prepare VAT return and checklist
• Support process of WCA, PAYE and Provisional/Income Tax returns
• Prepare Government Incentive Applications
• Prepare BBBEE reports and information

Insurance:

• Prepare Insurance Declarations
• File claims for losses

Continuous Improvement:

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

Other:

• Compile and review sales reports
• Performs other related duties as assigned

Key Skills and Competencies:

• IFRS compliance
• An extensive and complete knowledge of accounting principles and practices
• Strong analytical abilities
• Self-directed with a high degree of self- motivation
• Proficient computer skills and abilities with Microsoft Office products (Outlook, Excel, PowerPoint, etc).
• Excellent written and verbal communications skills
• Solid ERP experience (BPCS advantageous)