Finance Manager at Malander

About the job

• We are looking for an astute Chartered Accountant to serve as a Financial Manager. The Finance Manager is responsible for overseeing and managing all aspects of procurement, accounts payable, bank and cash management, month-end closing processes, internal and external audits, and intercompany transactions. This role requires a strong understanding of accounting principles, financial reporting, and operational efficiency.

Key responsibilities:

Financial Control:

• Review adequacy and operation of internal financial controls; Ensure that a robust controls environment is maintained across all finance activities including Accounts Payable, Accounts Receivable, Procurement, Cash and Bank and General Ledger;
• Maintain written PPP’s for all Finance department processes and ensure that all Finance department procedures are documented and that the documents are updated regularly to reflect changes.

Procurement:

• Oversee the entire procurement process, from vendor selection and contract negotiation to purchase order issuance and goods receipt;
• Implement and maintain procurement policies and procedures to ensure compliance with company standards and industry best practices;
• Develop and maintain strong relationships with key vendors;
• Analyse procurement data to identify cost-saving opportunities and improve efficiency.

Accounts Payable: 

• Supervise the processing of all vendor invoices and employee expense claims;
• Ensure timely and accurate payment processing to vendors;
• Manage the accounts payable aging report and proactively address any potential payment delays.

Bank and Cash Management: 

• Manage all bank accounts, including reconciliations and cash flow forecasting;
• Oversee daily cash operations, including receipts and disbursements;
• Monitor bank balances and ensure sufficient funds are available to meet operational needs;
• Implement and maintain internal controls to safeguard company assets;
• Oversee cash flow management and optimise liquidity.

Month-End Close: 

• Manage and oversee the month-end closing process, including journal entries, reconciliations, and financial statement preparation;
• Ensure the month end closure process is met under the Group’s tight deadlines;
• Ensure timely and accurate financial reporting to management;
• Responsibility for timely delivery of management accounts to company standard with full understanding and explanation of drivers and corrective actions required and who needs to take them;
• Oversee journal entries to ensure all business transactions are recorded.

Internal and External Audit: 

• Liaise with internal and external auditors to manage the year-end audit process;
• Collaborate with Internal Audit to address risks and implement controls;
• Assist with the resolution of audit findings.

Intercompany Transactions: 

• Manage all intercompany transactions, ensuring accuracy and compliance with company standards;
• Reconcile intercompany balances and resolve any discrepancies.

Month end Reporting: 

• Preparation of month end consolidated management accounts and annual/ interim consolidated statutory accounts;
• Responsible for timely delivery of all statutory and legal compliance i.e. monthly VAT returns and statutory tax returns;
• Reconciliation of management accounts to statutory accounts.

Other Duties: 

• Assist with special projects and ad-hoc requests as needed;
• Stay abreast of changes in accounting standards and industry best practices;
• Ensure compliance with IFRS and monitoring of new accounting policy development;
• Provide guidance on complex IFRS transactions across the organisation;
• Create and distribute board packs for stakeholders;
• Manage relationships with shareholders, banks, and suppliers

Education and Qualifications:

• CA(SA).

Experience:

• Minimum of 5-7 years’ experience in a finance role with a strong emphasis on accounts payable, procurement, and cash management;
• Experience working in a medium to large organisation;
• Sage Evolution is advantageous.