Job Description

BKB is currently seeking a Financial Manager who will be responsible for the Financial Management of the division in order to manage the financial department according to sound financial systems, practices and processes that are compliant with relevant legislation and meet principles of international best practices and will allow the organisation to achieve its strategic financial objective. 

QUALIFICATIONS:

• B.Com (Hon) degree with Accounting or equivalent qualification
• CA /CFA / SAIPA is recommended

EXPERIENCE:

• At least 2 3 years’ experience in a Senior Financial position

COMPETENCIES:

• Knowledge of General Accounting Principles (GAAP)
• Knowledge of relevant legislation
• Knowledge of Internal Financial Reporting Standards (IFRS)
• Knowledge of budgeting processes
• Understanding financial accounting and treasury
• Knowledge of computerised financial systems

SKILLS:

• Sound communication skills
• Drive and energy
• Analytical thinking
• Decisive insight
• Methodical
• Numeracy
• Attention to detail
• Team-player
• Planning and organising skills

KEY RESPONSIBILITIES OF THIS ROLE:

Financial Management

• Develop and maintain financial accounting processes and procedures
• Implement and maintain sound internal controls
• Oversee the management accounting and internal control processes and procedures
• Identify financial accounting risks and develop and implement mitigating strategies
• Attend to audit queries

Accurate Accounting Practices

• Monthly review of general ledger to ensure the correct accounting of financial data
• Verify the general Ledger, accruals, and control accounts
• Prepare statutory returns (i.e., VAT, PAYE, SDL, and RSC)
• Posting journals
• Monthly closings, calculations and preparation of management statements
• Maintain the asset register
• Cash flow management
• Review and authorisation of monthly payroll commission calculations

Budgeting

• Establish and maintain a budgeting system and assist with setting up the planning parameters
• Manage and control the annual planning and budgeting process
• Prepare the budget
• Interface and train users regularly regarding budget control and variance reports

Co-ordination with Auditors

• Providing external and internal auditors with information to assist in the audit process
• Responding to issues identified in external and internal auditor’s report to management
• Ensuring compliance of accounting policies with IFRS in conjunction with group financial manager

Auctions and Liaison Transactions

• Ensure all auction contracts are in place and procedures are performed at auction points
• Ensure auction completion procedures are performed before imported into Syspro
• Ensure all auction and liaison payments are paid accurately and timeously

Debtors Management

• Provide weekly branch debtors report
• Ensure accurate monthly debtors analysis and interest charges
• Manage all long outstanding debtors with the management team
• Provide monthly debtors comments to the AgriFin
• Monthly provisioning of allowance for doubtful debt in accordance with IFRS 9
• Providing reports to credit committee on sufficiency of doubtful debts provisions.