Job Title : Financial Manager Cape Town
Sector Title : Banking & Finance
Area : Cape Town
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Responsible for all aspects of financial management Ensuring compliance with internal policies and procedures oversees the day to day work of the finance department and is responsible for the effective use and deployment of staff and financial resources within Finance IT and Payroll
Oversees most of the financial aspects of the company and ensures the flow of accurate and timeous financial data to the company stake holders Provides accurate and relevant information for internal purposes for use by the ExCo to make informed decisions or be communicated to external
parties such as shareholders investors banks or financing / lending institutions
General
Manage a team of Finance IT and Payroll professionals
Ensure key projects IT and other as required are managed appropriately
Financial
Implement and maintain an uptodate financial calendar for the business and communicate key dates to relevant stakeholders
Ensure that all financial reporting for the business takes place as required
Annual statutory financial statement preparation and reporting to shareholders
Monthly/ quarterly/ halfyearly management reporting to various stakeholders to assist in decision making
Monthly cashflow reporting as required
Assist in implementation of a business intelligence solution that will provide automated close to realtime reporting for specific stakeholders especially within Retail Finance Sales Planning and Buying departments
Ensure that inventory planning as performed by planning department is aligned to financial plan for the business as a whole
Produce detailed budgets and forecasts by interacting with relevant stakeholders within the group and consolidating these views including but not limited to
Annual budgeting process
Halfyearly reprojections as required
Monthly cashflow forecasts and reviews to ensure adequate cash planning takes place
Assistance in preparation & review of business cases for all investment decisions using various financial models
Assistance in streamlining and simplifying reporting environment for the group of companies & trusts
Ensure adherence to approved budgets and forecasts and measure variances Ensure that variances are explained by relevant accountable persons timeously for reporting purposes
Maintain current standing with all mandated local tax and benefits registrations and requirements including submissions of payments and reports for PAYE VAT Customs Duty etc
Manage relationship with external auditors
Ensure that all financial control policies are implemented and procedures are followed monthly including but not limited to control account reconciliations payment approval processes inventory control processes
Manage relationships with external stakeholders as required such as suppliers customers landlords
Assist internal stakeholders as required with financial support
IT
Ensure IT follows adequate processes and procedures in managing infrastructure onsite and offsite
Ensure IT follows adequate processes and procedures in managing software onsite and offsite
Project Manage as required new system implementations/ upgrades
Manage relationships with external IT providers and ensure these are cost effective and managed to SLA&rsquos
Keep abreast of developments within the IT environment as it applies to the group and build business cases for upgrades/ changes as required
HR
Review payroll and system and ensure that payments are made to individuals SARS Provident Fund and Medical Aid Providers to set timetables
Ensure HR follows policies and procedures as required
Assist where necessary in updating processes policies and procedures
Other
Adhoc assistance across the business as required &ndash covering divisions such as buying planning operations logistics imports sales retail production etc
Requirements
Matric
Financial Accounting Degree
Must at least have completed articles as part of an accredited SAICA program
At least 3 to 5 years experience in managing a financial team with diverse accountabilities and personalities
At least 3 to 5 years experience in dealing with Csuite management levels
Knowledge of strategic and financial planning including activity costing valuations discounted free cashflow etc
Knowledge and experience in putting in place financial and nonfinancial controls processes and procedures to ensure business operates effectively and reduces risk appropriately
At least 5 to 8 years experience in preparation of all various financial reports from Statutory annual financial statements to monthly management reports
At least 5 to 8 years experience in budgeting and cashflow forecasting for manufacturing retail and wholesale businesses individual divisions as well as consolidated entities &ndash as well as putting in place budgeting and forecasting processes and procedures across a business to ensure
department heads take ownership of their budgets
At least 5 to 8 years experience in advising in procurement decisions quote reviews identification of suppliers review of supplier agreements
Knowledge and experience in dealing with financial institutions and assisting in obtaining finance as required or making financing decisions
Knowledge and experience in doing tax computations and calculation of provisional final and additional Income Tax payments as required
Knowledge and experience in managing payroll taxes and benefits
Additional Requirements
Valid RSA drivers license
Willing to travel internationally
Possess a valid passport at all times
No flying or travel restrictions health or legal
Able to safely and successfully perform the essential job functions including meeting qualitative and/or quantitative productivity standards
Salary Market related
Please forward updated resume in MS Word with your application Note if no correspondence is received within 6 weeks of your application please consider your application as unsuccessful