Our client is seeking a dynamic Finance Manager with a background in the manufacturing sector. The Finance Manager will lead financial management and reporting functions to ensure the division's financial health and compliance with regulatory standards. This role provides strategic financial support to the management team, enabling precise budgeting and forecasting, as well as efficient working capital management. The Finance Manager is accountable for essential month-end and year-end processes, audits, and asset management, ensuring adherence to IFRS standards and Group policies. This position is pivotal in guiding financial decision-making to foster business growth, operational efficiency, and fiscal accountability.Dimensions of the JobStatutory LiabilitiesBasic Conditions of Employment ActLabour Relations ActOccupational Health and SafetyInternal Policies and ProceduresSkills Development ActCorporate GovernanceIFRSTaxation LawsKey Performance AreasFinancial Management and ReportingProvide financial leadership for the clientServe as an integral member of the client's management committeeOffer guidance, insight, and support to the MD, Sales Head, Commercial Head, and Operations HeadFull financial reporting for the client's Print Division, including:Monthly Sales Packs and Management Accountants' reportsCommentary for Monthly Sales PackMonthly margin analysis and variance reportingBalance SheetEnsure monthly reconciliation of all Balance Sheet accountsReview balance sheet reconciliations, addressing variances effectively and promptlyMachine and Labour RatesRecalculate, approve, and update machine and labour rates annually in the ERP system for all active cost centersAuditsAssist external auditors with annual audit processesEnsure timely audit deliverablesReport any financial irregularities or compliance issues to the CFOImplement corrective processes for any audit findingsBudgetsDevelop the client's budget plan in alignment with Group Budget Plan and timelinesPrepare Sales Budget templates for each key accountCollaborate with Commercial and Business Development Managers on major clients' Sales BudgetsConsolidate Sales Budget templates from Sales General ManagersPresent Sales Budget to CEO and CFOFinancial BudgetsBudget all GL accounts by Department and RegionPrepare budgets for Cost of Sales, Rebates, Opex, Other Income, and moreBalance Sheet BudgetsPrepare the complete Balance Sheet, Capex, and Working Capital BudgetsForecastsPrepare quarterly or ad-hoc monthly forecastsAsset ManagementConduct capex justifications and post-implementation reviewsMaintain updated Fixed Asset and Tax Registers, ensuring compliance with IFRS 16 and IAS 16TreasuryReview and approve payments via the Online Banking SystemOversee EMP201 and EMP501 submissionsWorking Capital ManagementOversee working capital requirements, including preparing weekly cash flow forecasts and managing inventoryProjectsSupport various projects and ad hoc requests from senior managementFinancial and ERP SystemsDesign and analyze business intelligence reportsManage client data in the IDU systemMonth-End ProcessesPerform monthly procedures, including:Cost Revenue reportsInventory valuation and reconciliationProvisions and reallocation journalsConduct variance analysis for departmentsYear-End ProcessesSupport auditors during year-end stock countsEnsure compliance with IFRS 15 for revenue recognitionConduct a detailed review of all Balance Sheet accountsQualificationsBachelor of Commerce DegreeQualified Chartered Accountant (CA(SA))Experience5-7 years in a similar role within a medium to large organizationExperience in financial analysis, reporting, and business process documentationFamiliarity with project management methodologiesBehaviorsExceptional analytical abilityStrong leadership skillsCritical thinking and problem-solvingEffective communication and negotiation skillsLocation: City of Cape Town Metropolitan Municipality, WC
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