Financial Manager - JHB Illovo at BDO South Africa

Primary Purpose of the Job

The Financial Manager is responsible for the financial deliverables of the department i.e. financial reporting, data analysis, creditor payments etc. The Financial Manager will produce accurate Financial Reports and assist in developing strategies and plans for the long-term financial goals of BDO.  The Financial Manager will ensure that various timelines are strictly met. Adherence to all applicable tax regulations.

Main Duties and Responsibilities 

• To prepare, maintain and review accounting records and financial controls for assigned service lines on an ongoing basis.
• To assist in the preparation of the monthly management accounts including monthly variance analysis and service line query resolution.
• To present these management accounts to senior leadership
• To oversee the accounting records and financial control adherence and implementation of new controls of assigned service lines and to liaise with the Business Unit Heads.
• Review assigned service lines’ monthly work in progress and debtors for reasonability.
• Assist in the preparation and review of the annual financial statements and consolidations where applicable including IFRS disclosures for the assigned company.
• Review the work of accountants and bookkeepers and assist with problem-solving where required.
• Process ad hoc journals.
• Process and management of Statucor debtors
• Review and release weekly and monthly payments of service line.
• Review salary variances for reasonability and release salary payments of service line.
• Prepare ad hoc reconciliations.
• Facilitate the budget process for assigned service lines.
• Process monthly consolidation and elimination entries where applicable.
• Assisting with tax submissions and compliance matters.
• Review monthly balance sheet reconciliations.
• Review monthly balance sheet and income statement.
• Ensure intercompany loan accounts are agreed and balanced on monthly basis.
• Assist in the preparation of annual income tax and deferred tax calculations and 6 monthly tax estimates, consult with tax compliance to ensure deadlines are met.
• Assist in ad hoc projects as and when required.

Requirements 

Qualifications, Recognition of Prior Learning, Work Experience, and Knowledge  

• Qualifications/Recognition of Prior Learning equivalent
• BCom Accounting Sciences degree
• BCom Hons CTA (would be advantageous)

Work Experience

• 10 – 12 years’ experience within a management role

Knowledge

• Professional Services experience advantageous
• Fundamental understanding of business operation 
• Competencies: Technical & Behavioural

Technical Competencies

• Accurate and detail orientated
• Proficient using Microsoft Excel
• Experience with Maconomy (advantageous)

Behavioural Competencies

• Good analytical and problem-solving skills
• Ability to work as a team member
• Good oral and written communication skills 

BDO Core Competencies

• Relationships and Collaboration
• Exceptional Client Service
• Business Growth
• Engaging people
• Leadership
• Quality, Risk management and Operational performance