Permanent - Finance Controller - Ekurhuleni (East Rand) - South Africa

Description & Responsibilities:

• Daily, weekly & monthly exception reports.
• Review and release of daily local and weekly foreign payments via the banking platform.
• Maintaining Master Sales Price Files on the ERP system.
• Weekly review of the Wages Exception Reports & Variance Reports and sign off.
• Preparation and processing of ad hoc journals as and when required.
• Liaising with Afrit regarding exchange rates for monthly Axle Direct Delivery Invoicing.
• Review of & Control over Expenses.
• Month End processes in the Finance department.
• Monthly Sales Forecast with the Sales Manager.
• Preparing the Monthly Management Accounts & Group Reporting Packages for both entities, together with the Finance Manager.
• Monthly reporting of headline figures to the Managing Director
• Review the monthly Income Statement for Cape Town.
• Compiling supplementary financial reports as required by management, or other stakeholders.
• Compiling quarterly Income Statement Forecasts
• Compiling annual Income Statement Budgets
• Preparation of the audit file and the associated supporting documentation required by the auditors annually together with the Financial Manager.
• Reviewing and finalizing the annual Financial Statements together with the audit team and the Financial Manager.
• Tax Calculations (Yearly taxation, provisional tax calculations, etc) & ensuring tax compliance for both entities.
• Annual Insurance review & negotiations
• Obtaining various SARB Approvals (Royalties, IT costs, High Sea Sales, etc)
• Applying consistent financial standards and policies in company Equipment in terms of IFRS.
• Guiding and assisting the rest of the finance team in terms of IFRS requirements.
• Developing and implementing procedures where needed.
• Staff Management
• Any ad hoc functions as required by Management from time to time.

Position Objective

• Providing support to the Directors, Production, Purchasing and Sales Teams of the company by supplying the correct information via daily, weekly and/or month reporting and ensuring that the exceptions highlighted by the reports are followed up and resolved.
• Providing support to the financial staff to ensure a more efficient work environment in the financial department.
• Overseeing the accounting function relevant to your responsibilities, ensuring that accounting records relating to these are kept appropriately and that reported results comply with accounting standards and relevant legislation.
• Providing general assistance to the Financial Director.

• Inventory control (Imports, Costing, Cost Variances, Forecasts, etc)
• Budgets & Forecasting.
• Analyzing financial information and giving feedback on variances (reasons for these variances, not just what the variances are)
• Understanding the impact of imports and exports on Inventory, Cash, Creditors, etc.
• Experience with Audit Files & auditors in general
• Medium to Large company. Small companies with a few debtors & creditors and a little stock won’t work

Experience

• Experience with Tax Calculations
• Experience with Compiling of Financial Statements
• Experience in a Manufacturing environment
• CIMA  would be an advantage

The Qualifications and required experience are as follows:

• Honours Degree, or Articles or both; plus 5 years’ experience after Articles
• BCOM or BCOMPT degree plus 10 years’ experience