Financial Manager

Reference: 5970 SJ
Consultant: Sone Johnson

Job Description:

  • Financial oversight
    • Verify and control all account allocations, journals and cashbook recons on Pastel, maintaining strict accounting standards.
    • Review customer and supplier age analysis reconciliations. Ensure customer balances not overdue and collection of all outstanding balances.
    • Check petty cash reconciliation and count on a monthly basis.
    • Review bank account reconciliations on a monthly basis.
    • Review and authorise all journals posted.
    • Authorise new beneficiaries created on internet banking.
    • Authorise payments on internet banking after review of authorised invoice/statement.
    • Check packing material prices on bills of material, and ensure budgeted margins are achieved.
    • Calculate handling-, packing-, transport, and other fees for invoicing to customers, and ensure invoicing of producers.
    • Complete and submit credit applications for new suppliers.
    • Ensure monthly stock take, and review inventory costing.
    • Review fixed asset register for accuracy and completeness.
    • Internal control – Ensure the adequate internal and financial control systems were developed and implemented to cover all aspects of business. Ensure these systems to function properly and continuously evaluate and adjust
  • Financial reporting
    • Prepare monthly management accounts and submit on due dates.
    • Update forecast on monthly basis based on most recent volume projections.
    • Prepare information for audit of annual financial statements, as requested by the external auditors.
  • Cost/production analyses and accounting
    • Analyse daily production: bins tipped, pallets dispatched, cost of sales p/kg.
    • Allocate all direct costs per commodity.
    • Prepare calculations/costings for potential new business opportunities.
  • Producer financial management
    • Prepare financial forecasts for producers as stipulated in the Producer Communication Plan and submit on due dates.
    • Prepare fortnightly/monthly producer recons, indicating costs and income per grade packed.
    • Ensure timely payment of producer funds to producers.
    • Reconcile broker and processor sales, allocate funds to producers, and pay over funds to correct producer.
    • Ensure signed producer agreements are on record for all producers, that covers all commodities packed for the relevant producers.
  • Budgeting
    • Prepare annual budget, per month.
    • Prepare and update 5-10 year forecast.
    • Review variances between budget and actual and take corrective action where necessary.
    • Monitor cash flows and arrange for additional finance if necessary.
  • Statutory & taxation
    • Ensure correct and timeously completion, submission and payment of VAT and EMP returns.
    • Calculate wage and salary cost for purposes of Workmen’s Compensation return, and ensure timeously submission and payment of the return.
    • Monitor tax compliance status, and take corrective action in case of non-compliance.
    • Ensure Annual Returns are filed with CIPC.
    • Ensure all changes to the company are properly filed with CIPC.
  • Insurance
    • Review insurance policies on annual basis and ensure completeness against fixed asset register and removal of sold/scrapped assets.
    • Inform insurance brokers of all new purchases.
  • Human Resource and Development
    • Manage staff members by appraising performance, rewarding and disciplining associates, addressing complaints. Discipline on staff and resolving problems. Perform annual performance reviews of bookkeeper and assistant bookkeeper.
  • Payroll
    • Send monthly payroll information for salaried staff for processing, check received payroll information (payslips, EMP summary, payment listing, and YTD report), and ensure timely payment of staff.

Qualifications:

  • SAIPA / SAICA qualified / completed articles
  • Financial Degree
  • 3 – 5 years previous management experienced

How to Apply:

  • Email your comprehensive CV to exceedhr@exceed.co.za.
  • If you are already registered, please forward your CV and the relevant reference number to the consultant with whom you are currently registered in order to avoid duplicity on our system.
  • We reserve the right to only conduct interviews with candidates of choice.
  • Applicants who have not received feedback within 30 days from the closing date must please accept their application as unsuccessful.

To apply for this job email your details to exceedhr@exceed.co.za