Divisional Finance Executive - Bedfordview, South Africa - Motus Corporation

Motus Corporation

Verified Company

Bedfordview, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

The Divisional Finance Executive is a business partner to the Divisional Managing Director and should be closely engaged in designing, adapting and implementing the business models in support of the strategy.

The Divisional Finance Executive is expected to recognize that measurement drives behavior, which ultimately determines value creation and preservation, ensuring a high return on effort.

The Divisional Finance Executive is responsible for overseeing the accurate and timely reporting of the Division's financial results and performance to the Retail EXCO and MOTUS.

Risk Management is one of the main responsibilities of the Divisional Finance Executive and includes ensuring that internal controls are operating effectively as intended, monitor adherence to internal controls by the greater workforce and take remedial actions where required in order to enforce company policy.

The Divisional Finance Executive is responsible for the relationship with and communication to all stakeholders.

Division includes:
VW, Audi, Ford, Mazda, Jaguar, Land Rover, Volvo, Haval and Chery

Position Overview:

Management of Finance staff
Ensure that the Finance Executive, RFM/ FMs manage the Accountants and other finance staff appropriately
Ensure that Finance Executive, RFM do regular dealership visits
Ensure all Finance Executive, RFM/ FMs have proper job descriptions
Ensure all Finance Executive, RFM/ FMs are aware of policies and procedures to be adhered to
Quarterly performance appraisals to be done with Finance Executive, RFM/ FMs
Ensure training is done with Finance Executive, RFM/ FMs and other admin support staff
Ensure Finance Executive, RFM/ FMs are aware of deadlines and are submitting reports timeously according to monthly deadlines
Recruit, interview and hire finance staff
Manage talent and succession planning
Provide adequate training to all finance staff
Financial Analysis
Provide the Divisional Managing Director with detailed Management accounts on a monthly basis
Analyze Management accounts and advise Divisional Managing Director of KPA's, make recommendations
Analyze Gross Profit Margins and advise Divisional Managing Director accordingly
Analyze expenses by comparing to previous year and budget figures and advise Divisional Managing Director, accordingly
Analyze key expense accounts in detail and ensure procedures are in place to limit wastage
Ensure Finance Executive, RFMs/ FMs are reviewing Management Accounts on a regular basis and advising Divisional Managing Director of KPA's not met and expenditure
Maintain the standard chart of accounts
Ensure all monies written off are authorized and reported adequately
Provide Divisional Managing Director with recommendations to achieve profits
Highlight loss making dealers and assist with decisions regarding longterm viability
Perform due diligence of potential new businesses and advise Divisional Managing Director accordingly
Manage financial planning and analysis through creation of reports, software implementation and tools for budgeting and forecasting
Safe guarding Assets & Risk management
Ensure levels of authority is adhered to
Implement and maintain sufficient internal controls to safe guard assets:
Ensure that all physical vehicle stock counts & parts perpetual counts are performed in-line with company policy
Ensure that cash procedures are in place at dealerships
Ensure that a proper fixed asset register is maintained, fixed assets are labeled and physically verify assets at least once a year
Ensure that Capex forms are authorized before ordering assets and that disposals are duly authorized
Oversee the annual insurance renewal process and ensure appropriate coverage is maintained at all times.
Ensure that dealerships have sufficient security measures in place to protect assets.
Review Monthly GL recon File (Balance Sheet)
Review GL recon Files for each Dealership every 2nd month
Ensure Dealer Principal, Divisional Managing Director and CFO gets a copy of the monthly review
Ensure that all supporting documents are included in the GL recon file
Ensure that GL recon files are complete and standardized across the Division
Ensure that all queries older than 30 days are resolved and escalate if necessary
Ensure that the Divisional Managing Director and CFO are aware of any material problems on the Balance Sheet
Give guidance on what is expected to be included in the monthly General Ledger recon file and monitor that the files and related information are of a high standard