Job Summary
Overview:
The focus of this role is to consolidate and report financial information, and reports to the Finance Manger of the Business Unit.
Minimum Requirements:
- Grade 12
- BCom Accounting (Honours / CA / CIMA highly advantageous)
- 5+ years' experience in a similar role
- Advanced Excel Skills
Key Performance Areas:
Financial Strategy:
- Provide support on the Financial Strategic Plans.
General Financial Management and Reporting:
- Provide financial analysis and support to management and all operational areas of the business
- Review and action on the BU/ Plant Flash Results and analyse variances (Budget / Forecast / Prior year).
- Review and action Balance Sheet Account variances.
- Prepare financial reports and returns.
- Generate information and reports for internal and external use
Financial Management Systems:
- Manage and maintain the accounting and business intelligence systems
- Administer the Feltex Management Information System, implementation and roll out to plants.
- Maintain subsystem balancing and resolve variances.
Internal Controls:
- Design, document and implement Internal Controls.
- Maintain and Review the Risk Register.
- Ensure compliance with Internal Controls within the BU.
- Review and consolidation of management representation letters, followed with closeout action plan
Budgets:
- Prepare the consolidated Budget process and timing plan
- Review Operational budgets
- Co-ordinate and consolidate all budgets and future plans for the BU
Forecast and Flash:
- Prepare the consolidated forecast process and timing plan.
- Co-ordinate and consolidate all forecasts.
- Review all forecasts.
- Review the BU/ Plant Flash Results and analyse variances.
Financial Pack:
- Prepare and circulate the Monthly BU Financial Pack
- Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
CAPEX and Fixed Assets:
- Consolidate & maintain the BU/Plant Capex Reports
- Review CAPEX spend
- Support useful life and residual value of Fixed Assets analysis.
- Review and approve CAPEX additions, transfers an impairment at BU level.
- Maintain IFRS16 Lease Management system.
Tooling:
- Consolidate & maintain the BU/Plant Tooling Reports
Review Weekly Sales Reports
General Ledger:
- Review Balance Sheet Account reconciliations and ensure closeout of actions identified.
- Review and authorise Journal entries.
- Comply with IFRS.
Audits and Year-End Processes:
- Prepare the consolidated Audit plan
- Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
- Prepare reporting Accounting, Audit and Tax Packs
- Facilitate completion of financial statements for Legal entities
- Conduct a final Review and submit to Holding Company
Banking:
- Release weekly bank transfers (creditors and wages)
- Review and authorise Creditors payments
Cash Management and Working Capital Management:
- Oversee cash management function of the BU.
- Monitor daily cash positions and cash flows to ensure settlement and maximise performance.
- Manage and plan cash flow, driving action items to ensure cash position in line with target.
- Manage working capital within the BU.
- Calculate BU working capital for month-end closing and analyse variances to actual performance.
Debtors Management:
- Oversee debtors’ function of the BU.
- Facilitate and input into debtors management process.
- Review debtors age analysis, providing an analysis and action plans for debt collections.
- Review quarterly price updates on customers.
Creditors
- Oversee creditors function of the BU.
- Facilitate and input into creditors management process
- Review creditors age analysis and GRNI providing an analysis and action plans
Forex:
- Manage Forex risk.
- Review Forex Forecasts.
- Ensure compliance with SARB requirements.
Statutory Returns:
- Ensure compliance with the general tax provisions
- Review Statutory Returns (VAT, PAYE, SDL, UIF, WCA) and ensure that they are submitted timeously
- Support process of Provisional/Income Tax returns
- Prepare and submit Government Incentive Applications
Insurance:
- Review and submit Insurance Declarations
- File claims for losses
Continuous Improvement:
- Identify improvement opportunities and make recommendations for improvements Staff Management:
- Manage the Trim BU Head Office team, consisting of the debtors, creditors and cashbook function.
- Build relations, support and align the plant finance teams in each of the locations Trim operates from.
- Develop training and growth opportunities for finance staff.