Job Description

Closing on: Feb 20, 2025A leading manufacturer and supplier of abrasives and accessories to the automotive, marine, woodworking, DIY, metal, aeronautical and composite industries, is looking for a Group Financial Controller.Job OverviewDUTIES:

• Performing and updating of cash flow forecast for the group on a daily / weekly / monthly basis:

• Accurate and timeous reporting on cash flow forecast

• Analysis of variances between forecast and actual cash flow, to mitigate potential risk
• Daily / weekly / monthly checking of foreign procurement department:

• Daily checking of costing as performed by buying department;

• Continuous checking of foreign purchases against supporting documentation;

• Weekly reconciliation of forward exchange contracts and against bank accounts;

• Weekly reconciliation of the payments to be made to foreign suppliers;

• Monthly updating of forecasted imports from buying department;

• Monthly reconciliation of foreign suppliers

• Monthly reconciliation of foreign exchange variances (both Bank and Creditors)

• Monthly update and reconciliation of foreign supplier's rebate targets
• Overseeing the group's annual budgeting process including rolling budgets / forecasts
• Review group management accounts (income statements, balance sheets and cash flows) together with the operational finance team and compare to cash flow forecasts and budget
• Perform a group consolidation on management accounts (income statements, balance sheets and cash flows);
• Providing support to the Group CFO and Operational Finance team as and when required.

QUALIFICATIONS:

• Bachelors' degree in Financial Accounting (or similar) - non-negotiable;
• Honours degree in Financial Accounting (or similar) advantageous;
• Successful completion of 3 years articles (preferable medium size firms) - non-negotiable;
• Minimum of 3 to 5 years commercial experience
• Advanced Excel - non-negotiable:

• Must be able to work with complex financial models and data bases;

• Must be able to present complex financial information in a simplified format;
• Proficiency in financial modelling, forecasting, and analysis
• Must be able to communicate and present findings through financial modelling, forecasting and analysis in a clear and concise manner;
• Good communication skills, with the ability to distil complex financial concepts into clear, concise insights

REQUIRED SKILLS/ EXPERIENCE

• Must be able to link financial modelling / forecasting with the operational aspects of the business (Strong business acumen);
• Strategic mindset to identify opportunities and mitigating risks;
• Excellent analytical skills with the ability to translate complex financial data;
• Acute attention to detail and accuracy;
• Experience with foreign procurement processes including:
• An understanding of foreign purchases, foreign creditors and foreign exchange;
• An understanding of shipping terms, VAT, duties and freight clearing / forwarder accounts;
• Lead times from different suppliers
• Up to date knowledge of full IFRS
• Must have prepared provisional tax calculations (first and second), and normal tax calculations;
• Experience in a group environment, inter-company loans, debtors and creditors;
• Must be able to work in a structured manner while under pressure to meet strict deadlines;
• Must be a self-motivated;
• Must be able to work alone and in a team environment.

Fluent Afrikaans & EnglishJob Categories: Finance Industrial ManufacturingJob Types: Full TimeProvince: GautengArea: JohannesburgCountry: South Africa

Performability