Financial Controller - Cape Town at Ares Holdings

Job Summary

• Responsible for full financial reporting function up to management account level, along with all statutory obligations in terms of VAT, income tax & PAYE. Will supervise the accounting team consisting of debtor’s controller, creditors clerk and POS clerk. Manage payments and assisting FM in cash flow forecasts. Preparation, analysis, and presentation of management accounts to FM.

Key Performance Areas

Cashbook

Review and oversight of the following

• General processing
• Credit card processing
• Petty cash processing
• Record journal entries

Data Capturing and Reconciliation

• Prepare reconciliations for each balance sheet account.
• Review cash & credit card account reconciliations
• Record journal entries
• Capture statutory returns: PAYE, SDL, VAT
• Capture payroll journals

Creditors Control

• Capture invoices
• Prepare payments.
• Record journal entries

Supervise Team

• Supervise the debtors and creditors clerk, including daily support, performance reviews and career planning.

General

• Assist with preparation of budget models.
• Managing UA account and preparing payment forecasts based on goods landed and due.
• Weekly review of FEC and additional cover forecast based on statement and forecast inbound report. Monitor forward exchange contract expiry dates and notify CFO to extend/draw down.
• Assist auditors with any queries arising in the audit.
• Assist with any adhoc duties!

Reporting

• Preparation of monthly management accounts including presentation and analysis of accounts to FM
• Cash flow weekly template updates
• Weekly sales tracker preparation and margin review
• VAT return and liability reconciliation
• VAT turnover reconciliation (month and period to date)
• Sales system reconciliations - POS (Shopify and Cistech / new POS)
• Fixed asset register maintenance and General Ledger reconciliation
• Inventory valuation and reconciliation to General Ledger
• Assisting FM in monthly provisions
  • FX provisions based on shipment update, discount provision, stock write off provision, etc
• Payroll reconciliation SAGE to General Ledger (month and period to date)
• Rental Commitment schedule update and General Ledger reconciliation
• POS reconciliation – financial controller signing off on it daily.