Finance Manager Head Office - Edenvale at Signature Cosmetics

Job Description
Key Responsibilities:

• Ensure full preparation and reconciliation of all Income Statement, Profit and Loss and Balance Sheet accounts
• Ensure that financial reports are prepared and delivered timeously
• Generate financial reports related to budgets, account payables, account receivables and expenses which show the organisations financial position, operating performance, and cash flow over reporting periods
• Perform balance sheet reconciliations timeously with effective management of outstanding reconciling items
• Assist with account payable and account receivable activities
• Review financial data for accuracy, correctness, and completeness
• Perform financial analysis, reporting and management activities
• Assist Managing Director to compile and manage the budget for the group of companies
• Monitor all expenses within the allocated budget per business area
• Maintain and ensure the accuracy of the full general ledger, cash books, creditors and debtors' books from entry to trial balance, including the Inter-Company loan accounts
• Prepare and maintain financial statements, i.e. Income Statement, Profit and Loss, Store Profit and Loss, and Balance Sheet items and ensure their availability in a timeous and accurate manner in support of bank covenants and board packs
• Review and advise on the capitalisation and depreciation of all fixed asset register items
• Ensure the accuracy of all Ledger accounts including Inter-Company loan accounts
• Provide relevant information for Cost of Sales calculation utilising current systems, including but not limited to the Landed cost of imported stock
• Ensure cash flow is aligned with company operations, by overseeing the day-to-day accounting, recording, reporting, and internal control activities of the organization
• Perform financial analysis on ratios and changes to major line items on the balance sheet and or P&L Statement and provide recommendations to address areas of concern
• Design, implement and review financial and business controls to mitigate financial risk
• Develop standard accounting procedures to improve the efficiency of financial operations
• Arrange in collaboration with the Managing Director, the timing of the purchasing of currency and payment for all imported stock and international travel
• Review and where necessary raise queries on cash sales banking reconciliations and controls
• Oversee the Payroll function, including the calculations of commissions, overtime payments and staff loan reconciliations.
• Verify Medical aid, Provident Fund, PAYE, UIF, SDL and Workman’s Compensation computations and ensure timeous payment
• Verify all bank accounts are reconciled monthly and address any concerns with relevant team members
• Manage allocation and reconciliation of Head Office Petty Cash
• Oversee the processing of company credit cards and fleet cards for approved staff members
• Oversee the Creditors reconciliations, check the validity of invoices, manage the payment dates, and ensure accurate entry into accounting systems
• Review all VAT Reconciliations and raise any queries
• Review and raise any queries on the accuracy of store rental payments
• Ensure the company is legally complaint with all SARS requirements
• Prepare for and oversee annual financial audit process and ensure an action plan is in place to address areas of concern and review its implementation

Qualifications:

• Grade 12
• B Com in Finance, Accounting, Business Studies, Diploma in Financial Management, or related qualification required
• CA(SA) qualification will be an added advantage 
• Minimum 5 years accounting and finance experience
• Minimum 3 years managing a finance department
• Cost accounting experience required
• Overseeing of audit processes an advantage
• Experience in a retail finance environment required
• In-depth working knowledge of financial reporting standards, tax, regulatory issues and industry legislation
• Proven knowledge of financial analysis
• Good understanding of accounting software and statistical analysis tools