Finance Manager

• Chartered Accountant (CA) (SA) with 5-8 years of post-article experience

• Proven track record of reporting and financial management
• High attention to detail and analytical precision
• In-depth understanding of financial accounting principles and practices (technical expertise) with the ability to communicate technical concepts in business terms
• Tolerance of stress and pressure
• Broad knowledge of group systems
• 3-5 years of experience in a management role leading teams
• In-depth knowledge of the FMCG market and its challenges
• Good understanding of Tax and VAT Acts

Responsibilities:

• Manage daily finance functions for the operating unit.
• Provide financial oversight for the manufacturing site, ensuring company policies and internal controls are adhered to.
• Offer financial and operational support to the Finance Executive.
• Ensure financial completeness and maintain the general ledger per IFRS and Group Policy.
• Review, assess, and recommend levels of provisions.
• Conduct monthly reviews of all general ledger balance sheet reconciliations.
• Oversee monthly financial month-end close, ensuring deadlines are met.
• Submit reports to Stats SA.

• Prepare financial reports for the operating unit (monthly, half-year, and annually).
• Open and close GL periods.
• Review sales and consignment stock reconciliations.
• Review and approve journals processed by finance.
• Analyze the Income Statement month-on-month.
• Review Balance Sheet reconciliations.

• Compile all year-end reporting packs.
• Prepare statutory Annual Financial Statements.
• Coordinate the year-end external audit process.

• Prepare year-end tax computations and deferred tax roll forwards.
• Submit tax returns, including ITR
  14 and provisional tax returns.
• Utilize the Konsise tax platform for tax processes.

• Ensure compliance with company cash policies and meet daily cash requirements.
• Submit daily cash flow reports to Remgro Treasury.
• Oversee cash forecasting and approve payments.
• Release daily payments and authorize one-off cash book payments.
• Approve payments to oil suppliers via the vendor financing app.
• Perform authorized bank approver functions.

• Support the fixed assets team with annual physical asset verification.
• Ensure annual useful life and residual value reassessments comply with IFRS.
• Assist with maintaining lease asset app changes.

• Oversee invoice, credit memo, and receipt processing.
• Monitor the account with SDO and ensure oils revaluation is completed quarterly.
• Liaise with Vector regarding payment allocations and debtor aging.

• Approve daily cash requests from the central creditor's department.
• Address account issues between customers and the central creditor's team.
• Ensure oil supplier reconciliations are current without unresolved queries.

• Manage and develop the finance team.
• Coach and support team members to achieve career objectives.
• Foster cohesion between finance and commercial teams.

• Identify and implement opportunities for improved control procedures.
• Follow up on audit queries and ensure corrective action is taken.
• Perform control checks to ensure compliance with approved procedures.

• Act as a liaison between the business and central finance teams.
• Facilitate effective communication across teams to meet finance deliverables.