Reporting to Chief Financial OfficerPurpose of Position : Responsible for the financial accounting function which includes the maintenance of general ledger, expenditure control, payroll administration, asset management, reconciliations, regulation of the age analysis of accounts receivable and accounts payable.
Responsible for the budget planning process, monthly reporting, monitoring of the cash flow and preparation of the annual financial statements.
Meeting regularly with Departmental heads and offering financial advice that will allow the company to make sound financial decisions.
Coordinating internal and external audits on the finance department. Responsible for the management of his / her team.Promote prudent financial management : Effective use of the budget by : Ensuring financial discipline in department budgeting & expenditure Ensuring programmes are executed within budgetManage budget in accordance with company policies& proceduresto ensure no unauthorised, wasteful & irregular expenditureEnsure that all financial statements are correct and continuously updated and maintainedDevelopment of cash flow forecastingEffective management , including the monitoring, analysis and validation of cash flowAnalysis of the results of closing procedures for month end and year end to verify accuracy of accounts and closing proceduresConduct creditor reconciliations to ensure accurate and timely payment to avoid penalties.
Conduct investigations into irregular paymentsRecovery of monies incorrectly paid outCreditor reconciliations to ensure that the correct supplier has beenpaid the correct amountConduct monthly reconciliations of the payroll to ensure no errorsand / or incorrect payment have occurredConducting age analysis on debtors and creditors to ensure timely payment as per payment termsEnsure compliance to all governance, statutory and regulatory requirementsEnsure compliance to compliance requirements related to the PFMA, Income Tax Act and SA GAAPEnsure evidentiary documentation, such as purchase orders and invoices, related to cash flow expenditure should balance with actual cash flowPerform closing procedures for month end and year end to ensure that expenditure for a period is processed in the correct periodTimely submission of financial reports for compliance purposesUndertaking risk assessments to determine any accounting practise risksSecure placement of excess funds within a savings accountDeveloping effective strategies to deal with identified risks pertaining to accounting practises to ensure accurate contingency plans are in place to mitigate risksReduce legal risk to minimize the financial and reputational impact bycomplying to all record management processes and procedures, aswell as statutory and regulatory
Ensuring that all financial record management processes and procedures are strictly adhered toProviding accurate monthly, quarterly and annual financial reports within stipulated deadlines to executive management in order to relay the current financial status of the companyFinancial Management SystemsAccounting principles, PFMA, current tax legislation,Public Finance Management Act Business acumen Decisiveness Analytical Ability to prioritise Excellent planning and organising skills Attention to detail, meticulous and thorough High level of integrity Resilient under pressureAdvantageous to be registered with a professional body eg.
CA(SA), ACCA or CMAMinimum : B.Comm (Hons) Accounting or Financial Management (NQF level 8)2-3 years management experience within the finance environment, general financial management systems & processes, review of policies and risk management practices 6 years within the financial accounting and financialmanagement field with exposure to PFMA.
At least 2-3 yearsmust be at managerial level within the finance environmentFinancial Management SystemsAccounting principles, PFMA, current tax legislation,Public Finance Management ActAdvanced Pastel AccountingExcel - intermediate to advancedCaseware IT System - intermediateAdvantageous to be registered with a professional body eg. CA(SA), ACCA or CMA