Finance Manager

SUMMARY:
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POSITION INFO:
Our client, a leader in the textile industry is seeking a Finance Manager to join their team.
MINIMUM REQUIREMENTS

• Minimum academic requirement -

qualification * 3 years of experience in commerce with manufacturing, either during traineeship or post qualification

• PFMA exposure during traineeship or post qualification would be preferential but not essential
• Attention to detail
• Excellent analytical and numeracy skills
• Excellent computer literacy skills
• Ability to work under pressure and balance multiple reporting deadlines
• Excellent written work presentation skills - clear and understandable formats
• Excellent quality communication skills with individuals internal and external to the business

MAIN JOB FUNCTIONS
Management of the Finance function

• Manages the Finance function by developing and implementing appropriate systems, e.g. IT and internal auditing and procedures in line with overall organisational policy.
• Agrees performance objectives for departmental staff and monitors performance accordingly, providing coaching and support as required.
• Identifies areas for improvement in efficiency and makes recommendations to top management.
• Encourages and participates in management decision making as member of the management team.
• Co-ordinate the Group's financial policies and procedures.

Budgeting/

• Sets budgeting procedures and parameters as reference for all HOD's and provides guidance during the budgeting process.
• Collates departmental budgets and assists in the preparation draft and final budget.
• Conducts financial feasibility studies / cost analysis for new proposals, projects and infrastructures.
• Plans and sets up financial systems for the business units

Financial Reporting

• Monitors all financial activities against revenue and expenditure budgets, investigates trends/variances and makes recommendations accordingly.
• Prepares monthly management accounts, and quarterly financial reports for submission to Board.
• Prepares annual financial statements.
• Adheres to all statutory requirements and submits returns as required.

External/Internal Audits

• Managing the relationship with external auditors.
• Manage the control environment and implement appropriate systems and procedures.
• Make appropriate procedural, recording and reporting changes to deal with IFRS requirements.

Insurance * Assesses liability and
cover required in terms of Organisation's physical assets, possible eventualities concerning staff, third-party liabilities etc. * Negotiates and recommends insurance portfolio for approval by management.
Payroll

• Oversees processing of Organisation's payroll, including benefit payments, PAYE and other deductions, adherence to labour legislation requirements.
• Assesses liability and insurance cover required in terms of Organisation's physical assets, possible eventualities concerning staff, third-party liabilities etc.
• Capex Management
• Responsible for preparation of all Capex authorisations including payback periods and post Capex audits.
• Responsible for the negotiation of terms with suppliers to ensure maximum cashflow benefit.

Legal Compliance

• Responsible for accurate tax(income and Vat) treatments and calculations.
• Responsible for accurate and timeous submission of all returns.
• Ensures compliance with PFMA.

Profit Improvement

• Responsible for the implementation of strategic projects being driven by Chief Financial Officer with respect to strategic plan.
• Interface with HOD's to assist and in certain instances, manage projects required by them that will interface with Finance.

Successor - Chief Financial Officer

• Provide support role for Chief Financial Officer and ultimately be able to represent the Chief Financial Officer when required.
• Develop necessary skills required to ultimately succeed Chief Financial Officer