Financial Manager - Johannesburg

Job title : Financial Manager - Johannesburg

Job Location : Gauteng, Johannesburg

Deadline : April 21, 2025

OVERALL PURPOSE OF THIS JOB :

• Responsible for developing and managing the necessary systems to ensure the production of accurate and timeous financial results and to ensure the integrity of the financial systems.

KEY RESULT AREAS :

1. Develop and Manage Finance Departmental budget (Expenditure and Capex)
   • Draw up Financial Implementation Plan and Budget for the brand according to strategic plan.
   • On a monthly basis, review the departmental performance and compare actual expenses against budget. Obtain explanations for any variances. Discuss with MD and implement remedial action.
   • Request additional budget spend where necessary.
2. Control and report on company financial performance on a monthly and annual basis and ensure accuracy of financial information
   • Ensure that all the company’s financial transactions are recorded accurately and when occurred, on the financial systems.
   • Ensure that all problems and errors in the system are corrected as and when occurred and ensure integrity of financial systems.
   • Review all material reconciling items on general ledger control account reconciliations as reported by the Finance and take corrective action.
   • Review all general ledger control account reconciliations on a bi-monthly basis and discuss problems with relevant staff.
   • Ensure all costs and sales are accounted for timeously.
   • Ensure correct authorisation of all invoices by the respective departments as per Levels of Authority Policy.
   • Co-ordinate month-end closure of financial systems and all monthly
   • Ensure that the financial results are accurate at month-end and annually.
3. Review processes and implement internal controls to ensure financial integrity of systems
   • Develop department policies and procedures as determined by MD. Review and revise policies, procedures, processes and internal controls in the department regularly to identify inefficiencies to rectify and streamline processes.
   • Review the levels of system access of all parties within finance regularly to ensure segregation of duties.
   • Ensure that financial accounting policies and procedures comply with GAAP, IFRS, Companies Act, Income Tax Act, VAT Act, and SOX.
   • Communicate all amendments and new finance accounting policies and procedures to departments.
   • Ensure that all relevant financial staff are trained in amendments and new financial accounting policies and procedures.
4. Manage payment process, creditors, service delivery to Group Companies and query handling
   • Provide weekly feedback to Sales division regarding pricing strategy and risk effect as well as weekly review of cost chain.
   • Reporting and management of any group or additional companies.
   • Management of payments to third-party suppliers of services.
   • Management of creditors payments and processes.
   • Professional Query Handling.
   • Debtors Collection.
5. Implement Risk Management System and Policies including Credit control, Insurance and Cash Management of the brand to reduce exposure to financial losses
   • Implement and manage Risk Management Systems and Policy and Credit Control Policy for the brand to minimise the risk exposure of the company.
   • Ensure that optimal Insurance cover is obtained and negotiate optimum cost/cover conditions and items.
   • Apply the policies, procedures and systems in place to manage the company’s Cash Flow and Interest Rate Risk. Review weekly and monthly cash flow forecasts and determine funding levels required.
   • Ensure that there are always sufficient funds available to fund the activities of the company.
   • Ensure that all relevant staff are trained in policies and procedures discussed above and that policies are adhered to.
6. Manage performance of finance department
   • Review and update staff goal settings and performance coaching regularly.
   • Ensure that a working environment is created which promotes high levels of performance and addresses under-performance.

QUALIFICATION REQUIREMENTS :

• Ideal: B.Com (Accounting) & Hons with 3 years articles preferable.

EXPERIENCE REQUIREMENTS :

• 3 - 5 years’ experience in management activities of a small to medium-sized company.
• 3 - 5 years experience in a financial management position.

SKILLS REQUIREMENTS

• Management and Leadership, Computer Literate, Interpersonal skills / D365 Knowledge.
• The ability to motivate and lead a team.
• Coaching and mentoring skills.
• Initiative and enthusiasm.
• Excellent communication and 'people skills'.
• Good planning and organisational skills.
• Self-confident & self-motivating.
• The ability to work under pressure.
• Good understanding of budgeting and forecasting.