Job Description

LOCATION:

Johannesburg

OVERALL PURPOSE OF THIS JOB:

Responsible for developing and managing the necessary systems to ensure the production of accurate and timeous financial results and to ensure the integrity of the financial systems.

KEY RESULT AREAS:

Develop and Manage Finance Departmental budget (Expenditure and Capex)

Draw up Financial Implementation Plan and Budget for the brand according to strategic plan. On a monthly basis, review the departmental performance and compare actual expenses against budget. Obtain explanations for any variances. Discuss with MD and implement remedial action. Request additional budget spend where necessary.

Control and report on company financial performance on a monthly, and annual basis and ensure accuracy of financial information

Ensure that all the company's financial transactions are recorded, accurately and when occurred, on the financial systems. Ensure that all problems and errors in system are corrected as and when occurred and ensure integrity of financial systems. Review all material reconciling items on general ledger control account reconciliations as reported by the Finance Take corrective action. Review all general ledger control account reconciliations on a bi- monthly and discuss problems with relevant staff. Ensure all costs and sales are accounted for timeously and Ensure correct authorisation of all invoices by the respective departments as per Levels of Authority Policy. Co-ordinate month-end closure of financial systems and all monthly Ensure that the financial results are accurate at month-end and annually.

Review processes and implement internal controls to ensure financial integrity of systems

Develop department policies and procedure as determined by MD. Review and revise policies, procedures, processes and internal controls in the department on a regular basis to identity inefficiencies to rectify and streamline processes Review the levels of system access of all parties within finance on a regular basis to ensure segregation of duties. Ensure that financial accounting policies and procedures comply with GAAP, IFRS, Companies Act, Income Tax Act, Vat Act, and SOX as Communicate all amendments, new finance accounting policies and procedures to departments. Ensure that all relevant financial staff are trained in amendments and new financial accounting policies and procedures.

Manage payment process, creditors, service delivery to Group Companies and query handling.

Provide weekly feedback to Sales division regarding pricing strategy and risk effect as well as weekly review of cost chain Reporting and management of any group or additional companies Management of payments to third party suppliers of services Management of creditors payments and processes Professional Query Handling Debtors Collection

Implement Risk Management System and Policies including Credit control, Insurance and Cash Management of the brand to reduce exposure to financial losses

Implement and manage Risk Management Systems and Policy and Credit Control Policy for the brand to minimise the risk exposure of the company. Ensure that optimal Insurance cover is obtained and negotiate optimum cost/cover conditions and items. Apply the policies, procedures and systems in place to manage the company's Cash Flow and Interest Rate Risk. Review weekly and monthly cash flow forecasts and determine funding levels required. Ensure that there are always sufficient funds available to fund the activities of the company. Ensure that all relevant staff are trained in policies and procedures discussed above and that policies are adhered to.

Manage performance of finance department

Review and update staff goal settings and performance coaching regularly Ensure that a working environment is created which promotes high levels of performance and addresses under-performance.

QUALIFICATION REQUIREMENTS:

Minimum: B.Com (Accounting) Ideal: B.Com (Accounting) & Hons with 3 years articles preferable

EXPERIENCE REQUIREMENTS:

3 - 5 years' experience in management activities of a small to medium-sized company 3 - 5 years experience in a financial management position

SKILLS REQUIREMENTS

Management and Leadership, Computer Literate, Interpersonal skills/D365 Knowledge The ability to motivate and lead a team Coaching and mentoring skills Initiative and enthusiasm Excellent communication and 'people skills' Good listening skills Good planning and organisational skills Self-confident & self-motivating Persuasiveness The ability to work under pressure Excellent computer skills (MS Office) * Good understanding of budgeting and forecasting