Financial Manager at BKB Ltd

QUALIFICATIONS:

• BCom (Hon) degree with accounting or equivalent qualification
• CA / SAIPA is recommended

EXPERIENCE:

• At least 1-2 years’ experience as Accountant or Middle Management Financial position.
• Export Sales
• Knowledge of Forex trade and hedge accounting
• Knowledge of International Financial Standards
• Knowledge of South African tax regulations.

COMPETENCIES:

• Knowledge of General Accounting Principles (GAAP)
• Knowledge of relevant legislation
• Knowledge of Internal Financial Reporting Standards (IFRS)
• Knowledge of budgeting processes
• Understanding financial accounting and treasury
• Knowledge of computerised financial systems – Syspro will be advantageous
• Advanced literacy in Microsoft Office applications especially Excel

SKILLS:

• Sound communication skills
• Drive and energy
• Strong analytical and good
• Business acumen
• Decisive insight
• Methodical
• Numeracy
• Attention to detail
• Team-player
• Planning and organising skills
• Deadline driven

KEY RESPONSIBILITIES OF THIS ROLE:

Financial Management

• Develop and maintain financial accounting processes and procedures
• Implement and maintain sound internal controls
• Oversee the management accounting and internal control processes and procedures
• Identify financial accounting risks and develop and implement mitigating strategies
• Attend to audit queries
• Cash flow management and Weekly Cash flow Forecasts

 Accurate Accounting Practices

• Monthly review of general ledger to ensure the correct accounting of financial data
• Verify the general Ledger, accruals, and control accounts
• Statutory returns (i.e., VAT, PAYE, SDL, and IT)
• Posting journals
• Maintain the asset register

 Budgeting and Forecasting

• Establish and maintain a budgeting system and assist with setting up the planning parameters
• Manage and control the annual planning and budgeting process
• Prepare the budget
• Interface and train users regularly regarding budget control and variance reports
• Quarterly forecasts
• Weekly Cashflow Forecasts

 Co-ordination with Auditors

• Providing external and internal auditors with information to assist in the audit process
• Responding to issues identified in external and internal auditor’s report to management
• Ensuring compliance of accounting policies with IFRS in conjunction with group financial manager

 Debtors Management

• Ensure accurate monthly debtors analysis
• Manage all long outstanding debtors with the management team
• Provide monthly debtors comments to the AgriFin & credit committee
• Monthly provisioning of allowance for doubtful debt in accordance with IFRS 9

 Due Diligence

• To perform due diligences on business to be acquired
• To build financials models for valuation purposes
• To provide inputs on business valuations
• To keep complete due diligence records

Financial Reporting

Responsible for preparation, collation and interpretation of:

• Monthly management reports
• Annual Financial Statements
• Reserve Bank reporting

Inventory Management

• Maintain and build controls for inventory held on and off site
• Optimise Inventory ageing
• Optimise Inventory valuation

Leadership

• Manage the section within time and budget and provide technical direction
• Identify and timeously address functional related problems and opportunities
• Build and maintain relationship with all stakeholders
• Ensure compliance with relevant legal and statutory requirements
• Development of staff
• Performance management
• Management of employee’s

Taxation

• Perform all taxation (normal, deferred) calculations and ensure tax compliance
• E-filing returns and payments