Finance Manager : Business Unit

To manage the financial and administrative functions for the Business Unit in line with Divisional objectives.

POSITION INFO : FINANCE MANAGER

PURPOSE OF THE JOB

To manage the financial and administrative functions for the Business Unit in line with Divisional objectives.

KEY PERFORMANCE AREAS

• Participate in organisational strategy management from a financial management perspective.
• Provide financial analysis and support to management and all operational areas of the business.

Internal Control

• Compile and update the risk register.
• Manage and comply with internal controls.

Budgets / Forecasts

• Budgets: Prepare operational budgets.

• Forecasts: Review the monthly Business Unit financial pack and identify variances.
• Prepare financial reports and returns (Monthly BU / Plant Financial Pack).

Flash Results

• Review the automotive division flash results and action variances.
• Compile the BU / Plant flash results and analyse variances.

CAPEX

• Analyse the Divisional capex reports and review the BU / Plant capex reports.

Weekly Sales Report

• Review weekly sales reports.

General

• Participate and provide relevant information for board meetings and Divisional monthly or bi-monthly meetings.
• Comply with IFRS.

General Ledger

• Review balance sheet account reconciliations.
• Review and authorise Journal entries.

Audits and year-end processes

• Prepare and plan year-end statutory audit (external and internal) in line with the consolidated audit plan.
• Prepare and review year-end reporting accounting and Tax Packs.
• Follow up and action audit findings.
• Prepare and update corp tax schedules.

Banking

• Approve all new creditors (local and foreign).
• Release weekly bank transfers (creditors and wages).

Cash Management

• Source financing to meet budgeted cash-flow requirements.
• Monitor daily cash positions and cash flows to ensure settlement and maximise performance.
• Manage cash flow and working capital.

Forex

• Manage Forex risk.
• Manage the purchase Foreign Exchange Contracts (FEC's).
• Review Forex Forecasts.

Costing

• Make recommendations for the financial recovery on distressed parts.
• Calculate and propose price increases (per Customer for Sales Dept).
• Negotiate and agree price increases with major customers. Manage costing department ensuring BOM accuracy and related variances (MUV, PPV’s, stock variances).

Fixed Assets

• Reassess useful life and residual value of fixed assets.

Statutory Returns

• Ensure compliance with the general tax provisions.
• Review statutory returns (VAT, PAYE, SDL, UIF, WCA).
• Prepare and submit Government Incentive Applications.

Stock Control

• Manage stock holdings.

Insurance

• Prepare and submit Insurance Declarations.

Creditors

• Review and authorise Creditors payments.

Debtors

• Calculate the repayment ability and assess the credit risk of potential clients.
• Review tooling account.
• To be the custodian of the CI (Continuous Improvement) database and CI Standards of accounting.

Reporting

• Analyse and interpret finance reports and statistical data.
• Prepare financial reports and returns.
• Generate information and reports for internal and external use.

QUALIFICATIONS

• BCom / Business Administration Degree
• CIMA

COMPETENCIES : Knowledge

• Functional Knowledge
• Business Expertise
• Leadership
• Problem Solving
• Interpersonal Skills

Skills

• MS Office
• Technical Report Writing
• Motivation for sales
• Selling to customer’s needs
• Territory management
• Market knowledge
• Professionalism

Please Note : Should you not be contacted within 2 weeks, consider your application unsuccessful.