Financial Manager – Johannesburg needed at ADvTECH

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:
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.

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 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 Take corrective action.
• Review all general ledger control account reconciliations on a bi- monthly and discuss problems with relevant staff.
• Ensure all costs and sales are accounted for timeously and
• 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.

Review processes and implement internal controls to ensure financial integrity of systems

• Develop department policies and procedure as determined by MD. Review and revise policies, procedures, processes and internal controls in the department on a regular basis to identity inefficiencies to rectify and streamline processes
• Review the levels of system access of all parties within finance on a regular basis 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 as
• Communicate all amendments, 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.

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

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.

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:

• Minimum: B.Com (Accounting)
• 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 listening skills
• Good planning and organisational skills
• Self-confident & self-motivating
• Persuasiveness
• The ability to work under pressure
• Excellent computer skills (MS Office)
• Good understanding of budgeting and forecasting