Job Title: Financial Manager
Reporting line: Managing Director / CFO Nashua Pty Ltd
Location/Franchise: Nashua West Rand
JOB PURPOSE
The Financial Manager shall be responsible for the administrative, financial and risk management operations of the company. This will include the development of a financial and operational strategy, and the ongoing development and monitoring of control systems designed to preserve company assets, thus ensuring accurate reporting of financial results.
Key Responsibilities:
The work and responsibilities will cover a range of activities, including inter alia the following duties:
Cash flow management. Accounts Management. Management of budget. Management of Audit requirements. Full Tax Management. Financial Reporting. FICA compliance and Reporting.
Planning
Assist in formulating the company’s future direction and support strategic initiatives. Monitor and direct the implementation of strategic business plans. Develop financial and tax strategies. Manage the capital request and budgeting processes. Develop performance measures that support the company’s strategic direction.
Operations
Participate in key decisions as a member of the executive management team. Maintain in-depth relations with all members of the management team. Manage the Accounting department.
Annual External Audit
Ensure the audit is completed within the stipulated deadline. Prepare the annual audit pack.
Financial Information and Administration
Oversee the issuance of financial information. Personally compile, review and approve monthly Board packs, management accounts and reports to Nashua (Pty) Ltd, which include current month results and monthly forward forecasts. Report financial results to the Board of Directors. Oversee cash management and ensure timely payments of creditors. Review data and profitability analysis. Review all balance sheet and creditors reconciliations. Review all commission calculations and payments.
Annual Budget Preparation
Plan the budget process. Collate the departmental budgets. Consolidate and review reasonableness of budgets. Prepare and present budget presentation.
Risk Management
Understand and mitigate key elements of the company’s risk profile. Construct and monitor reliable control systems. Maintain appropriate insurance coverage. Ensure that the company complies with all legal and regulatory requirements, i.e. (Good Governance, IFRS). Ensure that record keeping meets the requirements of auditors all relevant agencies. Report risk issues to the Managing Director and the Board of Directors. Ensure compliance with all policies and procedures, delegation of authorities. Ensure all financial controls are designed, implemented and operating effectively and perform quarterly self-assessments to ensure compliance.
B-BBEE
Responsible for supporting the development and implementation of the EE plan. Drive the B-BBEE strategy to ensure targets set out are achieved. Prepare yearly BEE audit pack.
Experience and Educational requirements:
CA (S.A.) 2-4 years financial management experience. Must have knowledge and working experience of MS-Word, Excel, PowerPoint and Sage X3.Key Competencies:
Strong technical accounting knowledge. Excellent communication skills. Financial analysis and forecasting. Ability to work under pressure and plan /prioritise workload. Attention to detail. Ability to use own initiative. Self-motivated. Proactive & innovative approach to problem solving. Change management skills. Persuasion & influencing skills. Excellent people management skills.
This description is a general statement of required major duties and responsibilities performed on a regular and continuous basis. It does not exclude other duties as assigned.
If you are interested in this vacancy, please submit your CV to [email protected] by no later than 28th June 2024.
Should you not hear from us 2 weeks after the closure date, please take it that your application has not been successful.