Financial Manager

Salary: Market related

Location: Wadeville, Germiston

Industry: Mining

Reference Number: MJ.FM.VM.28022025

COMPANY DESCRIPTION:

Our client is within the mining sector and is looking for a highly skilled and results-driven Financial Manager to join their team in the steel manufacturing industry.

JOB DESCRIPTION:

The ideal candidate will play a critical role in overseeing and managing the company and the groups financial operations, ensuring that all financial strategies align with the overall business objectives. This individual will be responsible for financial planning, risk management and the preparation of accurate financial reports, while maintaining compliance with industry regulations and internal controls.

MAIN DUTIES & RESPONSIBILITIES:

Financial Planning:

• Lead the aligning of financial strategies with business objectives.
• Monitor the company's financial performance, provide recommendations for improvement.

Financial Reporting & Analysis:

• Prepare monthly and annual financial statements, ensuring accuracy and compliance with accounting standards.
• Analyze financial data, identify trends, and provide insights to top management for informed decision-making.
• Oversee the timely submission of financial reports to regulatory bodies and stakeholders.

Cash Flow Management:

• Manage cash flow forecasts and ensure the availability of funds to meet operational and capital needs.

Cost Control & Optimization:

• Work with production and operations teams to develop cost-effective financial strategies within the manufacturing process.

Risk Management:

• Identify potential financial risks and develop strategies to mitigate them.
• Ensure compliance with relevant financial regulations, including tax laws and industry-specific requirements.
• Liaise with external auditors and ensure the integrity of internal controls.

Stakeholder Management:

• Communicate financial results and forecasts to top management, providing clear recommendations and actionable insights.
• Liaise with external stakeholders, such as banks, insurers and auditors to maintain strong financial relationships.

Team Leadership:

• Supervise and mentor junior finance team members, providing guidance and support for professional development.
• Foster a collaborative team environment and encourage ongoing education about industry trends and financial best practices.

EDUCATIONAL REQUIREMENTS:

• Grade 12
• Bachelor's degree in Accounting, Finance, Economics or a related field

EXPERIENCE AND SKILLS REQUIRED:

• Minimum of 10 years of experience in financial management, preferably within the manufacturing or steel industry
• Solid understanding of the steel manufacturing process, cost structures, and capital expenditures in the industry
• Strong experience in financial analysis, financial reporting, and managing cash flow in a high-volume, cost-sensitive environment
• Proficiency with financial software (e.g., Pastel Evolution, Microsoft Office)
• Strong understanding of GAAP, IFRS, and financial regulations related to the manufacturing industry
• Proven ability to manage and lead a finance team, fostering a culture of high performance and continuous improvement
• Ability to influence stakeholders and communicate complex financial information in a clear, actionable manner
• Strong analytical skills with the ability to think critically and make data-driven decisions
• Ability to identify key financial metrics, analyze variances, and provide actionable insights