WesBank – Financial Manager (FMR)

Posted on :

17 Sep, 2013

Category :

Finance Jobs in South Africa

Advert Code: 253/13
Segments: WB Sales
Business Units: WB Fleet
Department: FMR
Occupational Level: Middle Management (C1)
Location: Fairland
Role Purpose:

Manages financial performance of the division, improving systems and best practices through projects to enhance profitability and efficiencies.

Experience:

Five to eight years experience of which at least three should have been post articles

 

Qualifications:

B.Com Hons degree – Accounts, Economics and Banking essential

Registered Chartered Accountant (SA) preferred

Role Outputs:

Budgeting

  • Produces or reviews cost reports to make sure they accurately reflect work activity.
  • Ensures financial documentation is maintained to support accurate record keeping and future requirements as per legislation.
  • Escalates potential risks that may lead to increased costs or financial losses.
  • Presents work proposals on planned activities that will require financial resources.

Compliance and Governance

  • Prepares Company tax schedules and tax packs accurately and timeously.
  • Prepares BA, Tax and NCR Returns accurately and timeously.
  • Processes monthly VAT returns and informs head office to pay VAT over to SARS.
  • Processes bi-annual income tax provisional for the Company.

Financial Processing

  • Prepares income statement and balance sheet for the area of responsibility.
  • Prepares monthly board reports for JV’s, reviewing results of each JV monthly to identify trends and report on anomalies and potential risks.
  • Analyses results for Board meeting reports and provides recommendations.
  • Participates in annual budgeting cycle of all cost centres.
  • Ensures past and future trends in interest rates and assumed rule from the Group are taken into consideration.
  • Prepares detailed financial performance reports with a set of financial statements and forecast on every individual line item, process journals to clarify and ensure intercompany accounting is processed on time.
  • Ensures departmental deadlines are achieved to allow Company consolidation of budgets for the next financial year.
  • Prepare invoices for approval.
  • Run general ledger and put data on spreadsheets as well as adds it to HFM System for company-wide consolidation.
  • Reviews and prepares reconciliations.
  • Prepare and authorise journals.
  • Analyses general ledger of the consolidated Company GL and submit estimate of expected monthly profits.
  • Allocates costs to cost centre items and analyses these to ensure optimisation of resources.
  • Reviews and provides answers to anomalies on budgets.
  • Reviews debtors age analysis to ensure focused attention on potential problem areas.
  • Analyses trends and patterns and prepares management information reports to identify items requiring attention.

Reporting

  • Provides analysis of divisional performance, from reviewing monthly and annual trends and statistics.
  • Prepares monthly board packs and CFO Forum reporting packs.
  • Prepares financial reports for division, including profit and loss statements.
  • Reviews management accounts and prepares variance reports.
  • Prepares and submits Board Packs accurately and on time.
  • Prepares non-accounting business reports for administrative business processes as well as business performance.
  • Assists annual auditing process and actions all findings immediately.
  • Reviews manufacturers divisional financial statements for various cost centres, analyses content and investigates anomalies to the norm.

 

 

How to Apply

Click here to apply online

Applications accepted until: 25th of Sep, 2013

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