Ntice Search Limited Current Job Opportunity – Apply Now!

Posted on :

7 Nov, 2024

Category :

Finance Jobs in South Africa

Ntice Sourcing Solutions is a recruitment solutions provider placing professionals across EMEA within all key business functional areas.  These business functional areas include: IT, Engineering /Technical, Accounting & Finance, Sales & Marketing, Human Resources, Training and Development, Supply Chain/Procurement, Production and Operations. Our team is made up of experienced specialist recruiters who are extremely knowledgeable within their chosen field.  Our consultants have spent years growing their client and candidate networks which allows them to match candidates to clients quickly.  We pride ourselves in ensuring we understand the client brief and focus on placing candidates in companies where they thrive and fit the culture of the business.

 

 

 

 

Job Title: Financial Manager
Location: Durban
Salary: Market Related
Job Type: Permanent
Sectors: Manufacturing
Reference: 35237

 

Vacancy Details

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 Job

Statutory Liabilities

  • Basic Conditions of Employment Act
  • Labour Relations Act
  • Occupational Health and Safety
  • Internal Policies and Procedures
  • Skills Development Act
  • Companies Act
  • Corporate Governance
  • IFRS
  • Taxation Laws

 

Key Performance Areas

Financial Management and Reporting

  • Provide financial leadership for the client
  • Serve as an integral member of the client’s management committee
  • Offer guidance, insight, and support to the MD, Sales Head, Commercial Head, and Operations Head
  • Full financial reporting for the client’s Print Division, including:
  • Monthly Sales Packs and Management Accountants’ reports
  • Commentary for Monthly Sales Pack
  • Monthly margin analysis and variance reporting

Balance Sheet

  • Ensure monthly reconciliation of all Balance Sheet accounts
  • Review balance sheet reconciliations, addressing variances effectively and promptly

Machine and Labour Rates

  • Recalculate, approve, and update machine and labour rates annually in the ERP system for all active cost centers

Audits

  • Assist external auditors with annual audit processes
  • Ensure timely audit deliverables
  • Report any financial irregularities or compliance issues to the CFO
  • Implement corrective processes for any audit findings

Budgets

  • Develop the client’s budget plan in alignment with Group Budget Plan and timelines

Sales Budgets

  • Prepare Sales Budget templates for each key account
  • Collaborate with Commercial and Business Development Managers on major clients’ Sales Budgets
  • Consolidate Sales Budget templates from Sales General Managers
  • Present Sales Budget to CEO and CFO

Financial Budgets

  • Budget all GL accounts by Department and Region
  • Prepare budgets for Cost of Sales, Rebates, Opex, Other Income, and more

Balance Sheet Budgets

  • Prepare the complete Balance Sheet, Capex, and Working Capital Budgets

Forecasts

  • Prepare quarterly or ad-hoc monthly forecasts

Asset Management

  • Conduct capex justifications and post-implementation reviews
  • Maintain updated Fixed Asset and Tax Registers, ensuring compliance with IFRS 16 and IAS 16

Treasury

  • Review and approve payments via the Online Banking System
  • Oversee EMP201 and EMP501 submissions

Working Capital Management

  • Oversee working capital requirements, including preparing weekly cash flow forecasts and managing inventory

Projects

  • Support various projects and ad hoc requests from senior management

Financial and ERP Systems

  • Design and analyze business intelligence reports
  • Manage client data in the IDU system

Month-End Processes

  • Perform monthly procedures, including:
  • Cost Revenue reports
  • Inventory valuation and reconciliation
  • Provisions and reallocation journals
  • Conduct variance analysis for departments

Year-End Processes

  • Support auditors during year-end stock counts
  • Ensure compliance with IFRS 15 for revenue recognition
  • Conduct a detailed review of all Balance Sheet accounts

 

Competencies Required

Qualifications

  • Bachelor of Commerce Degree
  • Qualified Chartered Accountant (CA(SA))

Experience

  • 5-7 years in a similar role within a medium to large organization
  • Experience in financial analysis, reporting, and business process documentation
  • Familiarity with project management methodologies

Behaviors

  • Exceptional analytical ability
  • Strong leadership skills
  • Critical thinking and problem-solving
  • Effective communication and negotiation skills
  • Proven people management experience

Contact Relationships

  • Directors
  • Senior Management
  • Banks
  • Auditors
  • Customers and Suppliers

 

To Apply

Click Here!

Application Deadline: December 05 2024


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