| Date | 2024-07-03 |
|---|---|
| Job Title | Financial Manager (Business Unit) |
| Employer | More Information |
| Salary | |
| Category | Accounting Finance |
| Location |
eThekwini / Durban |
Job Summary
Job Purpose: To manage the financial and administrative functions for the Business Unit in line with Divisional objectives. Reporting to: General Manager. Minimum
Requirements:
Matric/ Grade 12 BCom Degre in Business Administration 5 Years in a similar role CIMA (Highly Advantageous)
Responsibilities:
Financial Strategy: Participate in organisational strategy management from a financial management perspective General Financial Management: Provide financial analysis and support to management and all operational areas of the business Internal Control: Compile and update the risk register Manage and comply with internal controls Budgets: Prepare operational budgets 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) Flash Results: Review the automotive division flash results and action variances Compile the BU/Plant flash results and analyse variances CAPEX: Analyse the Divisional capex reports and review the BU/Plant capex reports 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 General Ledger: Review balance sheet account reconciliations. Review and authorise Journal entries. Audits and year-end processes: 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 Banking: Manage banking systems (users, passwords, profiles, etc.). Approve all new creditors (local and foreign) Release weekly bank transfers (creditors and wages). Cash Management: Source financing to meet budgeted cash-flow requirements Monitor daily cash positions and cash flows to ensure settlement and maximise performance Manage cash flow and working capital. Forex: Manage Forex risk. Manage the purchase Foreign Exchange Contracts (FEC`s) Review Forex Forecasts Authorise foreign payments Costing: Make recommendations for the financial recovery on distressed parts 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, PPV’s, stock variances). CAPEX: Perform project appraisals and valuations Review CAPEX spend Fixed Assets: Reassess useful life and residual value of fixed assets Statutory Returns: Ensure compliance with the general tax provisions Review statutory returns (VAT, PAYE, SDL, UIF, WCA) Prepare and submit Government Incentive Applications Stock Control: Manage stock holdings Insurance: Prepare and submit Insurance Declarations File claims for losses Creditors: Review and authorise Creditors payments Debtors: Calculate the repayment ability and assess the credit risk of potential clients Manage Credit Risk (insure Debtors Book, etc.) Review tooling account Continuous Improvement: To be the custodian of the CI (Continuous Improvement) database and CI Standards of accounting. Reporting: Analyse and interpret finance reports and statistical data Prepare financial reports and returns Generate information and reports for internal and external use
Financial Manager (Business Unit) position available in eThekwini, Durban. This job position was posted by . The job has been posted on 2024-07-03 in the Accounting Finance category
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