Financial Controller - East London, South Africa - Abantu Staffing Solutions

Abantu Staffing Solutions
Abantu Staffing Solutions
Verified Company
East London, South Africa

4 weeks ago

Thabo Mthembu

Posted by:

Thabo Mthembu

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Description

Overview:

To compile and provide accurate and timeous financial information to Plant Management in order to make informed business decisions


Minimum requirements:


  • BCom or National Diploma (Financial Accounting)
  • Chartered Institute of Management Accountants (CIMA) (highly advantageous)
  • Supervisory/staff management experience
  • 3+ years in a similar role
  • Costing / Production Costing experience (highly advantageous)

Responsibilities:


Financial Management:


  • Provide financial analysis and support to management and all operational areas of the business
  • Monitor and support debtors and creditors
  • Maintenance of the fixed asset register
  • Control intercompany balancing
  • Review weekly payroll
  • Review and action Financial variances (Budget / Forecast)
  • Review and action Balance Sheet Account variances
  • Ensure compliance with IFRS
  • Maintain the plant CAPEX & Tooling Reports
  • Generate information and reports for internal and external use

Internal Controls:


  • Comply with Internal Controls
  • Maintain and Review the Risk Register

Budget/Forecasts:


  • Participate in the budget/forecast process
  • Prepare budgets and forecasts for plants
  • Prepare plant P/L and balance sheet forecasts

Financial Reporting:


  • Financial Pack: Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
  • Flash Results: Compile the BU/ Plant Flash Results and analyse variances
  • Weekly sales report: Compile and review Weekly Sales Reports
  • General Ledger: Prepare Provisions and Accruals; Compile Royalties schedule for month

CAPEX, Tooling and Fixed Assets:


  • Prepare & maintain a CAPEX and Tooling register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.
  • Prepare CAPEX requisitions with all relevant information regarding the CAPEX project.
  • Support useful life and residual value of Fixed Assets analysis
  • Maintain the BU/Plant Tooling Reports

Audits and Year-end Processes:


  • Prepare and plan Yearend Statutory Audit (external and internal) in line with the consolidated Audit plan
  • Prepare and arrange royalty audits

Costing:


  • Calculate landed cost on all import shipments
  • Prepare / Review DA 190 (Declaration of Imported Components and Raw Materials)
  • Investigate Purchase Price Variances (PPV)
  • Generate variance report of Actuals to budgeted information

Stock Control:


  • Compile daily stock holding report
  • Oversee Stock Takes
  • Assist with investigating stock count variances
  • Overall responsibility for stock

Cash Management:


  • Oversee cash management function of the plant
  • Monitor daily cash positions and cash flows to ensure settlement and maximise performance
  • Manage cash flow and working capital for the plant
  • Debtors / Creditors:
Review debtors age analysis, providing an analysis and action plans for debt collections

  • Review creditors age analysis and GRNI providing an analysis and action plans

Forex:


  • Review Forex Forecasts
  • Plant FEC contracts based on AP requirements

Continuous Improvement:


  • Identify improvement opportunities and make recommendations for improvements
  • Participate in Continuous Improvement initiatives

Reporting:


  • Prepare financial reports and returns
  • Generate information and reports for internal and external use

People Management:


  • Ensure an enabling climate/culture.
  • Ensure a safe, secure and legal working environment.
  • Manage individual, team and departmental performance to achieve organisational objectives.
  • Determine the training needs of the Department.
  • Coach and counsel people to ensure improved performance levels
  • Ensure discipline is maintained in department (absenteeism, lateness, overtime, misconduct, etc.)
  • Resolve grievances and disputes

Health and Safety:


  • Identify potential hazards and critical safety issues in the workplace
  • Address workplace hazards and risks
  • Work safely and use safety equipment

Competencies:


  • Able to work in a pressurised environment
  • High attention to detail
  • Working to deadlines
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