Financial Manager - Operations - Paarl (56911) at Ntice Sourcing Solutions

Purpose:

• The incumbent is responsible for the effective management and reporting of KWV's Operations' finances which will include the budget compilation & management, Costing, Customs & Excise compliance and ensuring financial systems and controls are in place to mitigate risk.
• The incumbent ensures that working capital and fixed assets are optimized, reporting done accurately and internal control systems are exercised diligently in order to mitigate the associated risk.
• The incumbent is responsible for and will continually strive to ensure that all services performed meet applicable financial standards and requirements.

Job summary:

• Implement and maintain financial policies and procedures for Operations.
• Management and monitoring of the overall Bill of Materials (BOM).
• Alignment of BOM + Routings and wastage to actual processes.
• Compliance with standard accounting procedures.
• Evaluate and review projects and determine and measure ROI of Capital Expenditure.
• Negotiates with Suppliers to better Business targets for cost increases.
• Ensure the management and verification of all products loaded on to SAP
• Review operations financial reporting systems and identify risks and errors
• Ensure sufficient controls for the management of all operations assets
• Standard monthly reporting and analysis (OPEX, CAPEX, Net production cost and variances)
• Review and reconcile provision accounts on a monthly basis
• Oversee Excise department and impact on costing and adherence to SARS' requirements
• Review Distribution costs in various channels and its impact on profitability
• Calculate replacement costs of PPE and Inventory and engage with Insurance brokers with regard to risks, insured values and claims.
• Manage and coordinate the annual budget and year-end process and ensure the execution thereof.
• Monitor and measure the costing of products to GP level for decision making
• Development and implementation of new processes and technology to mitigate financial risks across Operations
• Ensure the management of an effective Control Self-Assessment System
• Report any discrepancies to the Financial Director
• Reports to Exco team on Business Unit Operational Expenses and Variances
• Manage staff compliment of 13
• Implement training and development initiatives and align to succession or individual development plans.
• Point of contact regarding internal external audit requests
• Build and maintain strong relationships with internal and external stakeholders to achieve business goals.

Minimum Requirements:

• B Com Degree in Cost and Management Accounting or relevant tertiary qualification
• At least 6 - 8 years of financial management (Costing, Customs and Excise) experience in an operational environment
• 3-5 years' Experience of the wine & Spirits industry and/or Manufacturing
• At least 3 years of applied experience in ERP Business Software for a manufacturing environment

Skills Required:

• Excellent planning and organisation skills
• Excellent analytical, interpretation and numerical skills
• Good interpersonal and communication capability
• Advanced problem solving and decision-making skills
• Strong leadership skills
• Excellent computer literacy

Financial Responsibility:

• Manage CAPEX and OPEX budgets for Operations and monitor spend
• Variance Management and Reporting
• Verification and safekeeping of Operational Capital (Assets + Stock)
• Ensure all financial transactions in Operations are captured timeously, correctly and accurately
• Ensure all financial controls and reconciliations are exercised diligently
• Ensure compliance with Customs and Excise regulations and on time execution