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Open nowFirst seen 4 days ago

Financial Manager

Ithemba Recruitment- Sourcing Top Talent650 open roles

Where
Durban, KZN, South Africa
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Your applicationOpen nowFinancial ManagerIthemba Recruitment- Sourcing Top Talent · Durban, KZN, South Africa

  1. YouYes, apply to this one.

  2. CV RocketCV written for this posting.

  3. 25 readersRecruiter, hiring manager, skeptic. Round after round.

  4. CV RocketApplied on Ithemba Recruitment- Sourcing Top Talent's own form.

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The clock on this job

Early applications get read.

12.3% of postings close within 7 days. Measured by our own scanner across the market.

Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.3%14 days
  5. 35.6%30 days
  6. 57.8%60 days
This job: first seen 4 days ago

The posting

Duties and responsibilities:

  • Review and approve non routine transactions (depreciation, impairments, provisions, finance costs/income, discounting, management fees, administration fees etc.).
  • Enforce thorough review and timeous settlement of inter-company trade accounts, loan accounts, shareholder loans, bank loans, bank facilities, creditors, SARS (Income Tax, PAYE, VAT) in line with agreed payment terms.
  • Drive continuous improvement in supplier terms.
  • Identification of control weakness, designing of internal controls and implementation thereof.
  • Review and approve adequate reassessment of useful lives, depreciation methods and residual values for tangible and intangible assets quarterly.
  • Review and approval of the profit and loss on asset disposals.
  • Review and approval of stock count variances.
  • Review and approval of petty cash expenses, count variances and required top up.
  • Review procurement within the entities and ensure we meet the required targets. Ensure that updated BEE Certificates are kept on file for audit purposes.
  • Remaining up to date with foreign country tax, reserve bank and other compliance regulations. Required to work closely with the compliance team to prepare all necessary agreements.
  • Continuous review of foreign currency exchange rates and to ensure that the group are utilizing the most beneficial rate for the business.
  • Support the CFO and Group FM with specific projects and reports and data extractions.
  • Approve capex, expenses, and disposals within your authoritative limits.
  • Ensure that administration and management fees within the group are relevant and reflective of the time/effort involved in rendering intergroup services.
  • Review Ts and Cs of credit applications (supplier and debtor credit applications).
  • Ordering forex for business travel and ensuring all AODs are signed by the respective team members.
  • Working with other Financial Managers on group wide initiatives and processes to align.
  • Review of the group betting taxes.
  • Review and oversight of all new products/platforms.
  • Review of monthly management accounts including analysis/commentary.
  • Review of the annual financial statements, tax computations and related workings.
  • Review of high-risk balance sheet reconciliations and overall monthly working paper files.

Qualifications and experience:

  • Degree in Finance, Accounting or related field
  • Completed SAICA articles.
  • Post articles experience outside of an Auditing or Accounting Firm, must have experience within other industries, ideally 2 - 4 years.
  • 2 - 3 years experience in managing a team
  • Compliance with relevant legislation and professional standards.
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