The Group Finance Manager is responsible for providing advice on how the company and future business decisions might be impacted from a financial perspective. This includes collecting, interpreting, and reviewing financial information as well as producing financial reports related to budgets, accounts payable, accounts receivable, expenses, etc.
The Group Finance Manager assists in the development of long-term business plans based on available financial data and develops strategies to minimize financial risk. The role also involves analyzing market trends and competitors to predict future financial trends, identify business opportunities, and improve profitability while maintaining the administrative, financial, and risk management operations of the business and all its subsidiaries.
The Group Finance Manager will be supporting the General Manager: Finance and is based in Umbogintwini.
Main Duties and Responsibilities (Not Exhaustive):
Management of all administrative staff and review of work, dealing with all queries from staff and all day-to-day administration functions across all companies.
Oversee financial department employees.
Track the company's financial status and performance to identify areas for potential improvement.
Seek out methods for minimizing financial risk to the company.
Provide insightful information and expectations to senior management to aid in long-term and short-term decision making.
Review financial data and prepare monthly and annual reports to be presented to senior management.
Implement budgets and investigate and substantiate variances.
Establish and maintain financial policies and procedures for the company.
Understand and adhere to financial regulations.
Ensure effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax matters.
Develop financial and tax strategies and ensure compliance.
Oversee and ensure the integrity of all transactions and processing.
Implement financial best practices in support of the company.
Provide strategic recommendations to enhance the financial performance of the business.
Monthly reconciliation of intercompany loan accounts, debtors, creditors, sales, and cost of sales across all companies.
Liaise with banks regarding drawdowns, FECs, dual currency deposits, letters of credit, guarantees, and other financial matters.
Create, release, and oversee foreign payments for all companies.
Maintenance of bank balances and cash flow forecasts.
Accounting software administration.
Holding Company Responsibilities:
Prepare monthly trial balance for management accounts and reconcile all balance sheet accounts.
Local payments and banking (dual release system) - Weekly and month end.
High-level analysis of monthly creditors.
Monthly foreign debtors, creditors, and CFC bank account revaluations.
Processing monthly salary journals and reconciling salary control accounts, staff loans, and payroll accrual accounts.
Preparation of audit pack and reports for annual external audit.
Processing of invoices where necessary and monthly foreign cash book processing and reconciliation.
Provisional tax calculations, returns, and payments.
Monthly VAT returns and reconciliations and liaising with SARS regarding any queries.
Preparation and submission of annual tax returns and IT14SD reconciliations.
Dividend returns and DWT when dividends are declared.
Insurance claims and updates to insurance policies.
Rental contracts and agreements.
Annual and quarterly STATS SA returns.
Assist payroll and HR with tax queries where required.
Policies and Procedures:
Adhere to the policy and procedures adopted by the organization.
Follow all lawful instructions pertaining to the performance of duties.
Health and Safety:
Ensure all health and safety regulations are complied with.
Ensure working environment is kept clean.
Maintain safe operations by adhering to safety procedures and regulations.
Qualifications and Required Experience:
Qualified CA.
Must have strong job costing and international trade and taxation experience.
Eight to ten years' experience in progressively responsible financial leadership roles, preferably in an automotive/engineering industry.
Experience with SQL reporting and large ERP systems/development is an advantage.
Characteristics:
Attention to detail with the ability to work with a high level of accuracy.
Ability to work independently and as a team player; organize, plan, and prioritize work.
The ability to work unsupervised.
Working Conditions:
Office environment; own computer with required software.
Direct Reports:
All subordinates employed in the Finance Department.
Job Type: Full-time
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