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Job Summary
Job title: Financial ManagerDivision/Department: Financial Department
Number of reports: 2
Reports to: Financial and Operation Director
Overall Responsibility: Responsible for the financial health of the company. The FM will analyse data and advise the senior managers on profit-maximising ideas. Responsible for creating financial reports, directing investment activities, and developing plans for long-term financial goals.
Main responsibilities of Focus Area
Financial Planning and Analysis:
Develop financial forecasts, budgets, and plans to guide the organization's financial decisions.
Analyze financial data, market trends, and economic indicators to provide insights and recommendations to senior management.
Conduct variance analysis to identify areas of concern or improvement and recommend corrective actions.
Financial Reporting:
Prepare and present financial reports, including income statements, balance sheets, cash flow statements, and financial forecasts, to stakeholders.
Ensure accurate and timely reporting in compliance with regulatory requirements and accounting standards.
Interpret financial data and provide meaningful analysis to support decision-making processes.
Process payroll accurately and on time, including calculating wages, taxes, and deductions, and ensuring compliance with federal, state, and local regulations.
Prepare and distribute payroll reports to management and employees as required.
Keep abreast of changes in tax laws and regulations and provide recommendations for compliance as needed.
Prepare and submit VAT, PAYE and UIF returns for all Companies.
Prepare documents for Auditors for all Companies as well as Directors personal information regarding personal Income Tax.
Risk Management:
Identify financial risks and develop strategies to mitigate them.
Monitor financial performance and market conditions to anticipate potential risks and opportunities.
Establish internal controls to safeguard assets and ensure compliance with financial regulations.
Capital Management:
Manage the organization's capital structure, including debt and equity financing.
Evaluate investment opportunities and make recommendations on capital allocation.
Optimize the organization's capital resources to maximize shareholder value.
Financial Operations:
Oversee day-to-day financial operations, including accounts payable, accounts receivable, and payroll.
Manage overseas payments as well as doing the landed cost calculations. Book in stock received from overseas suppliers in FMCG.
Streamline financial processes and procedures to improve efficiency and accuracy.
Ensure compliance with tax regulations and coordinate with external auditors.
Strategic Financial Planning:
Collaborate with senior management to develop long-term financial strategies and goals.
Assess the financial implications of business decisions and provide strategic guidance.
Evaluate the financial performance of business units and make recommendations for improvement
Minimum Education and/or Work Experience Requirements:
Matric
Computer Literacy
Bachelor's degree in finance, accounting, economics, or related field; Master's degree or professional certification (e.g., CPA, CFA) preferred.
Proven experience in financial management, accounting, or related roles.
Strong analytical skills and proficiency in financial analysis and modeling.
In-depth knowledge of financial principles, regulations, and best practices.
Excellent communication and interpersonal skills, with the ability to present complex financial information in a clear and concise manner.
Strategic thinking and problem-solving abilities.
Proficiency in financial software and tools, such as ERP systems and spreadsheet applications.
Overall Skills and competencies:
Detail-oriented and organized.
Ability to work independently and as part of a team.
Strong leadership and decision-making skills.
Integrity and ethical conduct.
Adaptability to changing priorities and deadlines.
Optential Consulting
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