Financial Manager at TIME PERSONNEL

Job description

Do you have a full understanding of the financial aspects of a Manufacturing concern including costing & stock?

Are you able to manage a diverse team?

This is an excellent opportunity for growth within a large International Concern.

REQUIREMENTS:

• Financial Degree, Cost Accounting qualification and/or CIMA qualification highly advantageous
• Min 3 years’ experience as a manager within a Financial Department at a Manufacturing Company

DUTIES:

• Reporting directly to the Regional MD and the group CFO
• Management of financial division being involved with employees in the factory and understanding the full spectrum of the business all the way to the top
• Manage all financial and administrative aspects
• Ensure that Group Financial Policies and Procedures are adhered to at all times
• Presentation of accurate monthly Management Accounts
• Ensure credit policies are adhered to, oversee the collection process
• Actively involved in resolving problematic accounts
• High level interaction with insurers
• Prepare monthly credit control performance reports
• Review monthly statement reconciliation and release account payments
• Oversee stock control process & ensure procedures are followed and variances resolved
• Investigate and resolve periodic stock issues
• Manage obsolete stock provision; report quarterly on slow moving and absolute stocks
• Ensuring that annual price increases are updated in system
• Review all contract customer prices ensure they are updated prior to expiry
• Review of VAT returns and compliance of VAT Act
• Preparation of Monthly Executive Payroll
• Submission of Annual Production Incentive Application to the IDC
• Handling all claims and correspondence relating to the PI scheme
• Preparation of Annual Expense Budget Packs & Insurance Return
• Co-ordination of Annual Audit, audit assistance - packs preparation and review of AFS
• Provisional Tax calculations
• Preparation of Annual Income Tax Packs for use by tax consultants
• Annual calculation of labour, overhead recovery rates & maintenance of costing systems
• Daily review of margin exception reports and subsequent investigation
• Quarterly review visits to Durban factory
• Assist in capex justifications and approval
• Assist in identifying opportunities for efficiencies and cost savings
• Actively participate in regular management meetings with senior management team
• Highlighting areas of improvement on BEE rating, tracking progress
• Overview of annual EE & WSP Submissions