Financial Manager / Director
Oxyon Human Capital Solutions
4h ago

Financial Manager / Director required for well established firm situated in City Deep with a B.Com Degree (preferably CMA or CA) and 5 years' plus experience in management accounting and general accounting.

To ensure sound financial control of the organisation by directing and coordinating all the financial activities of the business.

Manages the Accounts Department, Human Resources Department and Warehousing / Shipping Department.

include the following. Other duties may be assigned.

  • Generate management accounts for ALL Departments and Consolidate, email to relevant parties. Ensures that management accounts are produced on a monthly basis, by day + 7.
  • Evaluates financial reporting systems, accounting and collection procedures, and makes recommendations for changes to procedures, operating systems, budgets, and other financial control functions.
  • Assists the Managing Director in the compilation of the company’s overall budget in accordance with business and sales strategies annually.
  • Interfaces with external auditors at year-end, and ensures that audit is completed and outstanding issues cleared.
  • Act as signatory on bank account.
  • Do the final authorization and 2nd release of payments on Standard Bank.
  • Does the overall management and control of the national debtors book.
  • Reviews collection reports to determine the status of collections and the amounts of outstanding balances.
  • Authorises the processing of debtors adjustments as requested by branches.
  • Checks that all balance sheet accounts are reconciled on a monthly basis. Check and sign off direct staff’s recons / journals.
  • Report to be emailed to MD by the 20th of each month.

  • Liaises with financial institutions with regards to investments, exchange rates, and forward cover.
  • Must approve foreign currency, with MD.
  • Liaises with clearing agents to ensure competitive rates.
  • Monitors warehouse, Label Division and Branch stock take procedures.
  • Manages the Payroll and ensures compliance with legal and company regulations.
  • Manages and monitors the performance of the Pension Fund, Company Insurance and Medical Aid Scheme.
  • Acts as Company Secretary and Public Officer.
  • Ensures that financial and regulatory reports are prepared, and compiles statutory annual statement in compliance with the Company’s Act and general accounting standards (GAAP).
  • Ensures that the company complies with the Income Tax and VAT Acts.
  • Ensures that the company complies with the COIDA .
  • Ensures that the company complies with the Employment Equity (EE) Act a assumes the duties of the EE manager.
  • Reports to management on a monthly basis regarding the finances and financial status of the company, which includes variances to the budget.
  • Ensures that each branch is audited by the Financial Department at least once a year.
  • Liaises with external service providers on legal matters as and when required.
  • Manages the BBBEE initiative which includes the development of a BBBEE plan and scorecard, in conjunction with an external consultant.
  • Administers the incentive scheme for the sales executives, technicians and branch administrators.
  • Ensures that staff is trained, skilled and that their expertise is optimally applied.
  • Ensures that the working environment contribute to improve staff morale and increase productivity.
  • Has overall responsibility for the Accounts Department, Human Resources Department and Warehousing / Shipping Department.
  • Has overall responsibility for a staff complement of 20.
  • Implements performance measures and ensures achievement thereof.
  • To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

  • B Com degree, preferably CMA or CA.
  • 5 Years’ experience in management accounting and general accounting.
  • Apply
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