Business Unit Financial Manager
Durban, KwaZulu-Natal, South Africa
Job Description
5 years in a similar role EssentialBCom/ Business Administration DegreeCIMAGeneral Financial
Management:
- Provide financial analysis and support to management and all operational areas of the business.
- Manage and comply with internal controls.
Forecasts: Review all forecasts.
Financial Pack: Review the monthly Business Unit financial pack and identify variances.
- Prepare financial reports and returns (Monthly BU/Plant Financial Pack).
- Compile the BU/Plant flash results and analyse variances.
Weekly Sales Report: Review weekly sales reports.
General: Participate and provide relevant information for board meetings and Divisional monthly or bi-monthly meetings.
- Comply with IFRS.
- Review and authorise Journal entries.
- Prepare and plan year-end statutory audit (external and internal) in line with the consolidated audit plan.
- Prepare and review year-end reporting accounting and Tax Packs.
- Follow up and action audit findings.
- Prepare and update corp tax schedules.
- Approve all new creditors (local and foreign).
- Release weekly bank transfers (creditors and wages).
- Monitor daily cash positions and cash flows to ensure settlement and maximise
- Manage cash flow and working capital.
- Manage the purchase Foreign Exchange Contracts (FEC''''s).
- Review Forex Forecasts.
- Authorise foreign payments.
- Calculate and propose price increases (per Customer for Sales Dept).
- Negotiate and agree price increases with major customers.
- Manage costing department ensuring BOM accuracy and related variances(MUV, PPVs,stock variances).
- Review CAPEX spend.
Statutory Returns: Ensure compliance with the general tax provisions.
- Review statutory returns (VAT, PAYE, SDL, UIF, WCA).
- Prepare and submit Government Incentive Applications
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Job Detail
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Job IdJD1319889
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDurban, KwaZulu-Natal, South Africa
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EducationNot mentioned