Financial Manager

Growing successful distribution business in high-end DIY products industry in the Southern Suburbs is looking for a dynamic and experienced finance professional who will take responsibility for the finance department and oversee the operations of the company.

Qualification Requirement: BCom/Business Science (Finance/Accounting Degree) from a university
Experience: At least 5 years’ experience in a similar role
Reports to: CFO

Location: Full time and in-office; applicant must be Cape Town southern suburbs based

Requirements:

1. Good communication skills (verbal and written)
2. Ability to lead a team by creating and maintaining a productive, efficient, and happy environment
3. Comfortable with systems, data, and analysis
4. Ability to prioritise, multi-task and meet deadlines
5. Attention to detail
6. Analytical and problem-solving skills
7. Strong analytical skills and able to use Excel (incl. pivot tables, vlookup, complex IF formula) and Microsoft 365 suite (Outlook, Teams, OneDrive)
8. Good working knowledge of Acumatica or experience with other ERP systems
9. Suits someone who is willing to roll up sleeves and get the job done. This is not a corporate job, but a fast-growing entrepreneurial business.

Monthly Responsibilities:

1. Preparation of Cash Flow
2. Preparation of Management Report
3. Analyse and interpret the management information
4. Review Debtors Ageing
5. Review and approve Credit Notes
6. Review, approve and monitor any Stock Write-offs
7. Review Creditors Ageing
8. Review Stock Ageing report
9. Review the monthly Payment Schedules including the weekly Payment Schedules
10. Review all Balance Sheet reconciliations
11. Process all month-end Financial Journals
12. Maintain the Fixed Asset Register
13. Preparation and submission of VAT 201 returns on SARS e-filing
14. Preparation and submission of Payroll
15. Preparation and submission of EMP 201 returns on SARS e-filing

Bi-Annual Responsibilities:

1. Managing the KPI’s process for the team
2. Setting individual team member’s KPI’s
3. Recommendation of salary increase and bonus for team based on performance
4. Preparing and submission of Provisional Tax returns on SARS e-filing

Annual Responsibilities:

1. Preparation of Budgets and Forecasts
2. Preparation of audit schedules for year-end audit
3. Process all year-end audit Journals
4. Overseeing the year-end audit process
5. Review the provisional AFS
6. Close the year-end in Acumatica once AFS is signed

Operations Management:

1. Assist in Operations and managing the operation team
2. Monitor and report operational stats for third-party logistics provider (3PL)
3. Ensure integrity of stock in all locations
4. Review of costing for imported and local stock
5. Overseeing all Stock takes at all warehouses including year-end Stock takes

General & Ad-hoc Responsibilities:

1. Data integrity across all systems (Acumatica, Qlik, NetStock, Repsly)
2. Ensure all tax, accounting and compliance standards are maintained and adhered to
3. Implementing controls to streamline the Finance and Operation functions and to mitigate risk
4. Responsible for leading, training staff and upskilling team
5. Managing the IT, Human Resource and Payroll functions
6. Ensure compliance (Foreign Exchange Control, CIPC, SARS, DOL)
7. Treasury and Banking profile management
8. Any additional requests from CFO, CEO and Directors