Financial Manager / Company Secretary (Matola in Mozambique) at SoluGrowth Pty Ltd

JOB PURPOSE

• To oversee the finance work, staff and controls of the Finance department for my Client in the industrial equipment industry. These functions cover all journals types, banking function, expense allocation, fixed asset, local creditors, stock / COS related processing, VAT returns, general ledger account reconciliation, ad hoc information reporting, etc. To ensure all matters are adequately accounted for in terms revenue recognition and liabilities adequately provided for.
• To provide for the taxation of the Client in Mozambique and attend to all tax related matters. To perform the duties of the Public Officer.
• To set time tables to plan and receive the required management accounting data from the subsidiaries companies and branches for the purpose of preparing the Client Group management accounting financial statements.
• To plan and set time tables to ensure the year-end accounting process is run efficiently meeting the required dead-lines. To deal with audit queries dealing will all matters but specifically those pertaining to acquisition & disposal of business entities, company restructures and matters of a capital nature.
• To attend from time-to-time due diligence audits re the acquisition of new business and then assist with integrating such businesses into the Client group, particularly on matters pertaining to financial information reporting.  
• To deal with all consolidation & restructure accounting matters pertaining to approximately 8 plus accounting entities within the Client in Mozambique.
• To prepare the consolidated group budget – income, balance sheet and cash flow and report the Client’s monthly progress against this budget.
• To prepare the group annual financial statements in compliance with IFRS.
• To submit monthly financial information reports to the Holding Company/ ESG and other financial information re – monthly quick estimate, quarterly performance review documents, miscellaneous requests re expenditure analysis, comparison to competitor companies etc.
• To assist with Company Secretarial matters re companies within the Client’s business.  
• To attend the audit committee meeting and provide financial information support and keep minutes of such meetings.

DIMENSIONS

• Preparation and presentation of the Management Accounts to executive management upon which key business decisions may be based.
• To calculate and pay the Mozambique based taxation of the Group operation. This entails having a full grasp of the tax laws and applying due care to claim deductions and disallow non-deductible items so as to minimise the tax liability and avoid tax penalties.
• Other areas of key impact would be controls over payment of local creditors, EFT bank payments to service providers, payroll clearing account reconciliations, reconciliation of all banks, processing of stock adjustments, etc

FINANCIAL:

• Effective utilisation of resources to keep processes cost effective
• You will be responsible to stay up to date with IFRS and tax law.

STAFF:

• Financial accountant x1
• Assistant accountant x1
• Administrative officer x1
• Creditors Clerk local x2
• Creditors Clerk Overseas x1
• Administration officer for subsidiary x1

PRINCIPAL ACCOUNTABILITIES - FINANCIAL ACCOUNTANT

• To ensure that the Group consolidated management accounting figures are accurate and reliable in order to provide the Management / Board / Holding Company with reliable information regarding the financial affairs of the business.
• To ensure that all tax related submissions are up to date and correct so that the Client (Mozambique) and its subsidiaries do not get penalised by the tax authorities
• To manage the performance of staff in the area so that performance is optimal and the work that needs to be done is done correctly and on time. Also to ensure all controls are being adhered too and that reconciliations are adequately being attended too.
• To assist each of the subsidiaries managed to compile budgets for the ensuing year and to then compile the financial budget – phased income, balance sheet & cash flow
• To plan and run the group year-end meeting all reporting and dead-line requirements
• Management of cash flow plan
• Due diligence and acquisition to monitor possible risks
• Monitoring of all payments and documents before payments

COMPANY SECRETARY

Note: Main Company Secretarial services / Corporate Governance matters are attended to at the Holding Company level. Miscellaneous matters re-signing of various documents re banking etc are attended to at the Client’s company level.

Annual Financial Statements:

• Preparation of the annual financial statements of the Company in terms of IFRS.

Bankers:                    

• Correspondence.
• Changes to authorized signatories and mandates.
• Authorised cheque signatory.

Risk management:

• Undertake delegated tasks as required by the audit and risk committee and chief executive officer.

Requirements
KNOWLEDGE AND EXPERIENCE

Education

• Matric / Grade 12
• BComm Honours
• CA(SA)

Knowledge

• Knowledge of Business
• Knowledge of processes
• Recruitment and selection
• Policy and procedure
• Product knowledge
• Finance knowledge – broad based / consolidation
• TAX legislation / updates
• System knowledge

Skills

• Planning skills
• Technical Financial accounting – specifically high level consolidation knowledge
• Time management
• Problem solving
• Analytical skills
• Budgeting
• Analysing trends
• Service orientation
• Decision making skills
• Interpersonal skills
• Report writing skills
• Communication skills
• Negotiation skills
• Writing skills
• Mentoring

EXPERIENCE

• 10 years Post Articles
• Technically very strong
• Computer literate – Excel essential