Job Title : Financial Manager East London
Sector Title : Banking/Finance
Area : East London
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To Drive Manage Deliver and plan all financial aspects of the business To offer guidance focus and leadership to the accounting and finance department to ensure all deadlines are met and to ensure the financial wellbeing of the company The Finance Manager helps the organization to
make sound business choices and advise on the importance of budgetary planning and the financial implications of the business decisions that are made
Key Performance Areas
Accounting
Taking books to final trial balance and adjusting final journal entries
Drafting financial statements with the auditors
Produce monthly management accounts for all branches and the group budget
Setting expenditure budgets and monitoring monthly expenses
Analysing expenses to ensure the best net profit for the company
Meeting deadlines and financial reporting in line with legal compliance
Vat
Preparation of VAT returns
Taxation
Preparing income taxation and completing income tax returns with auditor input
Checking income tax returns and dealing with SARS queries
Obtain annual tax clearance certificates
Payroll
Check and approve monthly payroll VIP Premier
Maintain monthly payroll records
Completing and issuing IRP5 certificates and IT3As
Attend and provide input regarding wage negotiations
Property Equipment and Inventory
Create and maintain fixed asset registers
Reporting
Monthly financial feedback to directors and at Board Meetings
Analysis of operating capacity against key performance areas
Evaluate and comment on strengths weakness and threats in operational activities
Stock Take
Oversee Risk Manager who oversees stock takes of all stores and the warehouse
Implement systems for stock loss prevention and control
Administer daily stock control procedures
Staff
Oversee / 15 Staff members adjust workflow deliverables and requirements
Participate in recruitment and selection processes
Conduct appraisals to measure performance against agreed objectives
Monitoring the adequacy of current training interventions
Approving the processes of journal entries recons and posting to general ledgers
Creditors
Administer check and approve daily and monthly trade and sundry creditor payments and allocations
Payment of Sundry Suppliers ensure best prices are paid and all support information is attached
Audit
Monthly preparation of required yearend audit documentation and lead schedules
Internal Control
Administer current internal control systems and identify future controls working with the Risk
Manager
Monitor procurement policies
Assess the adequacy of current recording / accounting procedures related to reconciliations posting updating and adjusting entries and make recommendations on future improvements
Internal Auditor
Administer monitor and report on the duties and functions of the internal auditor
Computer Systems
Have a full understanding of the systems
Communicate with UCS / External suppliers
Oversee IT and maintain systems
General
Responsible and Accountable for all financial related tasks in the business
Analyse and classify risks and investment and potential impact on the company
Analyse competitors and market trends
Develop external relationships with appropriate contracts
Minimum Requirements
Degree in Financial Management / CIMA / ACCA
Professional board membership and CA qualification will be beneficial when considering Candidates
Minimum 5 years experience as a Financial Manager in a company similar size
Retail sector experience will be an advantage
Previously part of the EXCO team
Provide solid experience in Operations Warehouse Buying
Manage your own team
Working knowledge of labour and tax legislation
Must have strong skills in MS Office and experience working with accounting software VIP Premier Pastel SAP etc
Salary Market related
Please forward updated your resume in MS Word with your application Note if no correspondence is received within 6 weeks of your application please consider your application as unsuccessful