Finance ManagerMinimumRequirements:Chartered Accountant (CA) (SA) with 5-8 years of post-article experienceRequired Skills and Knowledge:Proven track record of reporting and financial managementHigh attention to detail and analytical precisionIn-depth understanding of financial accounting principles and practices (technical expertise) with the ability to communicate technical concepts in business termsTolerance of stress and pressureBroad knowledge of group systems3-5 years of experience in a management role leading teamsIn-depth knowledge of the FMCG market and its challengesGood understanding of Tax and VAT ActsResponsibilities:Financial OversightManage 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.Financial AccountingEnsure 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.Monthly ReportingPrepare 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.Financial Year-End and Statutory AuditsCompile all year-end reporting packs.Prepare statutory Annual Financial Statements.Coordinate the year-end external audit process.TaxationPrepare year-end tax computations and deferred tax roll forwards.Submit tax returns, including ITR14 and provisional tax returns.File DWT returns if dividends are declared.Utilize the Konsise tax platform for tax processes.BankingEnsure 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.Fixed Asset Life Cycle ManagementSupport 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.Debtor ManagementOversee 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.Creditor ManagementApprove 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.Staff ManagementManage and develop the finance team.Coach and support team members to achieve career objectives.Foster cohesion between finance and commercial teams.Internal ControlsIdentify 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.Partnering in a Matrix EnvironmentAct as a liaison between the business and central finance teams.Facilitate effective communication across teams to meet finance deliverables.
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