Financial Manager (CA SA) - Durban
- Durban, KwaZulu-Natal
- Permanent
- Full-time
Management and improvement of the organisation's financial performance and the direction of our
accounting operations. Duties for the Financial Manager will include managing accounting records,
evaluating and managing risks (both qualitative and quantitative), ensuring compliance with
regulations, publishing financial statements, overseeing accounting operations, analysing financial
data, monitoring expenditure, forecasting revenue, coordinating the external audit process,
overseeing and coordinating the month-end reporting process (including mid-year and annual
reporting packs), and ensuring accuracy of financial information.
In addition to the above, the role includes an aspect of strategic planning and numerical proficiency to
aid the organisation in maintaining positive revenue and financial growth, formulating sound financial
strategies, implementing proper internal controls, achieving organisational targets, and developing
financial plans that support the organisational strategy.
Streamlining the accounting functions and operations is inherent in the role and includes providing
financial analysis and reports, training of staff on business finance issues, promoting regulatory
compliance, and driving income generation.2. AUTHORITY
The Financial Manager will have oversight of the entire finance function and will exercise authority within
this ambit via work delegations, counselling of staff members where applicable, liaising with respective
department heads, engaging in staff matters, which would be inclusive of disciplinary and recruitment
processes under the appropriate advisement. Staff administration, such as leave applications of department heads, as well as work in progress reporting, will also be included in the scope of authority.3. KEY WORKING RELATIONSHIPS
The Financial Manager will be required to engage with the respective Management Accountants and
key finance personnel in the department. The individual will serve as a direct link between the
finance team and executive management.4. MAIN AREAS OF RESPONSIBILITY
➢ Closing off month-ends and preparing financial reports
➢ Budget Preparation as well as Forecasts.
➢ Analysing financial data and escalation where necessary.
➢ Monitoring internal controls.
➢ Cash flow updates weekly on a consolidated basis.
➢ Capex requirements and sign off.
➢ Ensure all payment authorisations are as per the authorisation matrix.
➢ Coordination of cash management with the Management Accountant (inclusive of Banking platform).
➢ Coordination and preparation of monthly group uploads to ECC (inclusive of MANCO formats).
➢ Consolidated BU reporting in group format on all UAE entities
➢ Board reporting support for annual and Mid-Year reporting
➢ Overseeing and preparing income statements.
➢ Approvals to recruit and recoverability are authorised.
➢ Group financial analysis as and when necessary.
➢ Working capital analysis (consolidated view across UAE BU's)
➢ Managing financial transactions.
➢ Review costings and rate cards with the Management Accountant on bids and tender requests.
➢ Review and sign off on site P&L's with the Management Accountant
➢ Administration of SAP B1 module, including staff issues.
➢ Journal entry authorisation.
➢ Credit Note approvals in SAP.
➢ Monthly income recon sign off.
➢ Streamlining accounting functions and operations.
➢ Evaluating and managing risk.
➢ Audit facilitation and oversight for the companies' UAE (internal, external and compliance
reviews).
➢ Staff administration, including leave requests and workflow coordination via the respective Management Accountants (delegation and oversight of this task).
➢ Finance staff training where required.
➢ Review all Statutory calculations and submit as well with Dubai Labour Dept's, Dubai economic departments and Federal Tax Authority.
➢ Complex transactional support (IFRS16 - across SA BU's, IFRS9, IAS38, IAS16, Goodwill impairment analysis (UAE only), other IFRS-related items as and when required.
➢ Monthly Payroll audits and sign off for payday.
➢ Capex reviews.
➢ Wage comparison and variance analysis.
➢ Reporting to executive management.QUALIFICATIONS REQUIRED
EDUCATION: Designation CA(SA)
WORK EXPERIENCE: Completion of SAICA articles and experience in a managerial role.
ATTITUDE: Conducive to empowerment and development of team cohesion.
ADHERENCE TO: SAICA code of conduct and policies and processes of the organisation.Salary is between R60k - R65k per month🔹👉 Apply today and take the next step in your career!