Financial Manager - 6 month contract position

Client: highly established, reputable, and stable manufacturer of automobile parts based in Port Elizabeth is looking to employ a suitably qualified Financial Manager for a 6 month contract position.
Salary: Market related
Factory located: Port Elizabeth
Must be able to start immediately. Please only apply if you meet with our client’s requirements as listed below and are currently unemployed or recently retired and are able to start asap.
Essential requirement: Professional Membership - South African Institute for Chartered Accountants (SAICA)
Please see job spec below.
If you feel you tick all the blocks in terms of the requirements for this position and are keen to apply, please email your updated CV in Word Format, together with a copy of your ID and certifications to [email protected]

Department: Finance

Specialist Areas: Cash Flow Management, Business Risk Management, Financial Management

Role: Finance Manager

Main purpose of the role: Accountable for the administrative, financial, and risk management operations of the company, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.

Required expertise:

Education:
Matric, Accounting CA(SA)
Additional knowledge/training (type/duration/specialisation)
MS Office, OEM knowledge, experience with using an Accounting System, working knowledge of relevant financial laws and reporting standards

Work experience: 10 years relevant experience in Finance Manager role and 3 years leadership role, within a manufacturing environment

Job description (workflow / individual tasks)

Sub tasks
Activity description / technical tasks
Financial Management
• Manage the finance department to ensure efficient running of function.
• Prepare and analyse the company’s financial accounts.
• Provide financial information to relevant stakeholders.
• Assist Managing Director with various analysis, reports and projects as required.
• Ensure all month end reporting deadlines are adhered to.
• Responsible for the preparation and execution of all budgeting activities.
• Review and update forecasts monthly.
• Prepare Annual Financial Statements.
• Monitor actual performance against budget and investigate variances.
• Report on the company’s performance.
• Responsible for the preparation of tax calculations for the company.
• Provide financial information for board packs.
• Upload and verify correctness of monthly transactional reporting on EFos.
• Maintain FAR, WIP and amortisation schedules.
• Ensure all departments adhere to the financial and accounting policies and practices.
• Responsible for the coordination and facilitation of the audits.
• Ensure all audit findings are closed.

Cash Flow Management
• Support cash flow function by conducting debtors age analysis as well as other income streams on the cash flow.
• Assess the costing of aluminium and review all aluminium contracts.
• Foresight into the liquidity position of the company.
• Analyse business cash requirements ad utilise information for developing short and long-term cash forecasting models.
• Monitor daily cash balances and ensure sufficient funds are available for daily business practices.
• Responsible for treasury ad-hoc function such application for letters of credit, bank guarantees, and hedging.

Stock Management
• High level review on stock.
• Ensure stock is insured.
• Mitigate risks for insurance with regards to stock loses at outside warehouses.

Business Risk and Compliance Management
• Ensure that automated and manual internal controls are in place and adhered to, to reduce business risks and result in an unqualified
audit.
• Ensure that all major business risks are identified, and adequate mitigating plans are put in place.
• Ensure all business assets are adequately insured.
• Identification of gaps in legislative and policy requirements and ensure gaps are closed.
• Identify new applicable financial and risk legislation and ensure all components are applied and benefits are maximised.
• Manage bank relationships and other relevant stakeholders.
• Maintain company statutory records to ensure legal and tax requirements are met.
• Ensure the company is in compliance with reserve bank regulations.
• Manage statutory audits with SARS.
• Ensure the company is compliant with Company’s Act.

CAPEX Projects Management
• Conduct financial risk analysis on any new projects and put in place mitigating factors.
• Management, review, and implementation of the AIS claims linked to capex projects.

AIS and APDP
• AIS: Prepare all required information for submission.
• Liaise with external service provider to ensure the company gets back all the funds.
• Responsible for the APDP process both internally and externally and with Sasfin to ensure that claims are audited and submitted on time
by consultants.

People Management
• Responsible for achieving daily attendance target.
• Ensure staff are trained and developed based on identified training needs.
• Ensure general discipline in the department and ensure corrective action is taken on all misconduct incidents.
• Participate into the attraction, retention, motivation, and development of staff that are dedicated to outstanding performance in the
department.
• Drive and manage individual and team performance.
• Adhere to all HR policies, procedures, and requirements to ensure sound people practices.
• Monitor staff moral and address any issues of concern.

Professional Membership:

South African Institute for Chartered Accountants (SAICA)


Core Competency Requirements (CCRs):

Knowledge Experience Capabilities
Professional knowledge X Leadership experience X Results orientation X
Business process X Professional experience X Decision making X
Market orientation Intercultural experience X Initiative X
Customer orientation Project management experience Assertiveness X
Communication skills X
Customer focus X
Motivation and inspiration X