Company in Cape Town is looking for a Financial Manager to start ASAP
PURPOSE OF THE POSITION
Maintenance of the statement of financial position, statement of comprehensive income and statement of cash flows and ensuring the completeness and accuracy thereof.
Presenting the Financial Executive with accurate and complete monthly management packs within the prescribed time frame.
Prepare, review and provide updated financial information for monthly, quarterly, and yearly reconciliation and financial statements, and other financial reports as required.
As the financial accountant, you are expected to carry out any lawful instruction from the Financial Executive and Managing Director – and to perform a number of functions to the standards as set out below:
Review and sign off of all creditors reconciliations on a monthly basis.
Maintain the fixed asset register and reconcile it to the general ledger on a monthly basis.
Ensure the economic useful lives of all major assets are reviewed and maintained. Any major findings are to be discussed with the financial director and the head of department – finance.
Prepare and update all statement of financial position reconciliations on a monthly basis. Submit to the head of department by the 15th of the month to be reviewed and signed by him. Submit the file to the financial director quarterly to be reviewed and signed by him.
Review and sign off of the petty cash float and ensure that no unauthorized transactions are incurred.
Check and ensure that the correct procedures are followed during all scrap sale transactions.
Liaise with the insurers, advise them with regards to any major additions and submit and follow up claims.
Liaise with the auditors with regards to the completion of all statutory returns.
Liaise with the auditors with regards to any income tax matters including provisional taxes when applicable.
Assist the financial executive - finance with all IT related requirements in conjunction with the appointed outsourced company.
Supervision of the creditors / cashbook clerk, the debtor clerks.
Ensure that the monthly stock takes are done at the end of each month and that the stock take is completed timeously.
Complete the inventory stock take variance report for approval by the head of department – finance.
Reconcile the inventory general ledger and inventory valuation report on a monthly basis.
Reconcile the GRN accrual account on a monthly basis. Ensure that long outstanding issues are resolved.
Continuously improve and develop the management reports, as well as further development of ad hoc standard flash reports during the month.
Complete and submit all monthly statutory returns including but not limited to VAT201’s (Value added tax) and EMP201’s (Employees tax) and ensure that payments are made on or before the due dates.
Reconcile the previous month sales and issue the final sales report within 3 working days from month end.
Reconcile the cost of sales and month end work in progress accounts based on all uncompleted works orders by the 5th for discussion with the head of department – finance and the financial director.
Provide the financial executive with the monthly management packs for finalization on or before the 10th of the following month, including variance analyses as requested.
Assist the financial executive with the preparation of the annual budget and forecast.
Assist the financial executive in coordinating and planning of the annual year end audit.
Process all monthly inter-company journals and reconciliations.
Competencies and behaviours
Identify and resolve variances in data trends.
Analyze the data used to prepare the financial reports.
Create financial spreadsheets and reports that contain relevant business performance data that can be clearly understood by financial and non-financial employees.
Performance appraisals – conducted bi-annually in April and October, and according to measurement standards related to each Key Performance Area. The agreed targets and actions for performance improvement to be adhered to.