Financial Controller at Watershed Consulting

• The successful candidate will report into the Financial Control Manager and will be required to take the lead with regards to financial control of the Business unit/s, providing daily financial support including project costing review, cash flow, capex and monthly reporting both on project and corporate level. They will also be required to provide analysis of goods sold, labour costs and labour hour invoicing, as well as presentation of monthly financial results to the relevant Business Unit Manager/s.

ROLE RESPONSIBILITIES & DUTIES:

• Improve efficiencies and reduce costs across the business
• Review the GL reporting and processing of P&L items - ensuring correct allocation according to the company’s reporting requirements.
• Review of the BU’s various revenue streams to ensure cash flow and profitability forecasts are in line with budget projections in consultation with Ops team & BU manager
• Identify any opportunities and risks for the BU
• Review existing systems and analyse financial information to work out the best way to meet the needs of the reporting system for optimisation of the structure.
• Conduct special investigations and feasibility studies on various projects
• Manage the cash flow and prepare cash flow forecasts in accordance with policy
• Proactive approach and accountable in taking control of the Business unit financial controlling & reporting
• Monthly consolidation and related reporting
• Monthly reporting & corporate reporting of the BU' completed in the stipulated timeline and with due care and competence
• Business unit/s management with monthly closing, annual budget and quarterly forecasts based on projects status
• Track new business and backlog forecast for remainder of year/s and report via a rolling forecast.
• Tracking and reporting on Capital Expenditure commitments vs budgets and forecasts.
• Maintaining and monitoring a risk schedule for the BU related to any provisions or other balance sheet items.
• Assist with GL cost codes and opening of new job numbers/projects in the system;
• Bookings updating and follow up;
• Detailed analysis of SG&A and allocation of costs between various P&L areas of function which detail provided to management of various on budget and prior year.
• Assist the Ops team with the timeous monthly payment certificates & invoicing to be sent as per the contract’s milestones, calculation of the contract price escalation/adjustment and FOREX if any & updating of client invoicing and payment template
• Check and report quarterly stock take and assistance with day-to-day stock control
• Manage all aspects of the BU’s P&L, investigate balance sheet, interrogate figures to ensure accurate reporting
• Ensure all financial policies are adhered to
• Ensure compliance with statutory law and financial regulations

MINIMUM REQUIREMENTS FOR THE POSITION:

• NB - Must have: Degree or Diploma/ B. Tech Cost Accounting or Management Accounting
• 2-3 years experience preferably within a project accounting environment
• Extensive knowledge of JD Edwards automated financial and accounting reporting system. Ability to train users (project managers and cost controllers).
• Extensive knowledge of finance, accounting, budgeting, cash flow and cost control principles including Generally Accepted Accounting Principles.
• Ability to analyse financial data and prepare financial reports, statements and projections. Working knowledge of short and long term budgeting and forecasting, rolling budgets, monthly closing and project profitability analysis.
• Operation & Services contract management knowledge is preferred
• Professional written and verbal communication and interpersonal skills.
• Ability to motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects.
• Ability to participate in and facilitate group meetings
• Financial Organisation skills
• Business /profit orientated
• Logical & analytical thinker
• Excellent / rigorous attention to detail
• Perform all duties to the latest ISO 9001 Requirements.