Financial Director
MPC Recruitment
Durban
6d ago
source : JustTheJob.co.za

A leading national manufacturer requires a Financial Director to join their team based in Durban. The job purpose is to maintain full control of the financial / administration department.

Maintain & review internal controls & implement best practice. Job duties : PRODUCTION & PRODUCT 1. Manage Financial / Administration Department & Staff

  • Efficient performance
  • Motivated staff
  • Budget compliance
  • Accurate accounts
  • Compliance to Statutory requirements 2. Risk management
  • Minimise risk
  • Minimise cost
  • Maximise claims
  • Annual review (July) 3. Staff training & Development
  • Identification of training needs
  • Address training needs
  • Performance evaluation & feedback 4. IT systems
  • Solve all hardware problems
  • Effective management of IT service provider
  • Effective backup system 5. Implement & maintain internal control systems.
  • Minimise risk
  • Continual improvement
  • Ensure system integrity & compliance 6. Assistance with special projects
  • As per project work scope 7. Monitor cash flow
  • Weekly review
  • Optimised cash resources
  • Monitor working capital levels & reduce 8. Oversee payroll
  • Adherence to systems
  • Check wage book against bank statements
  • Monitor controls & exceptions 9. Check petty cash schedules
  • Ensure slips attached & correct authorisation 10. Authorise cash payments
  • Ensure correct payment
  • No duplications
  • All supporting documentation in order 11. Oversee debtor’s collections & credit control.
  • Set credit terms & ensure payment terms are adhered to
  • Weekly review Debtors listings
  • Assistance with problems
  • Handovers 12. Oversee monthly management accounts & reports.
  • Complete 8-10 days after month end
  • Ensure accuracy 13. Monitor purchase pricing
  • Price comparison
  • Cost savings
  • Authorise all price increases
  • Direct senior level negotiations with suppliers 14. Establish & oversee product pricelist
  • Up to date / comprehensive price list 15. Conduct internal audits
  • Quarterly
  • Implement best practise 16. Oversee year-end audit file
  • Annual - Within six months of financial year end August
  • Statutory compliance 17. Assist with Company’s Group tax affairs
  • Statutory compliance
  • Effective tax planning
  • Payments and returns within deadline 18. Preparation of annual budgets
  • Provide related information
  • Finalised budgets end of year 19. Oversee group asset register
  • Accuracy & up to date register 20. Oversee reception
  • Ensure effective reception 21. PRIORITY AREAS (Update Price Lists)
  • To ensure the Price List remains accurate and updated taking into account material escalations and changes in specifications. 22. COST CONTROL
  • Head up Cost Control Meetings. Keep minutes. Objective of ensuring escalations in materials are properly approved. Maximise Cost Reductions by facilitating bulk buying, forecasting and calling for tenders from several suppliers. 23. COST OF SALES
  • Ensure COS variances for the Management Accounts are reduced / eliminated and a clear audit trail produced of COS by job. 24. BUDGET COMPARISONS
  • Ensure expenditure is kept within budgetary constraints. Costs and performance reviewed with responsible staff on a monthly basis. Job requirements :
  • A minimum of 10 years financial management experience
  • Solid working knowledge of ERP Systems
  • Extensive PC skills required including MS Excel.
  • Suitable tertiary qualification BCom Hons or similar
  • Knowledge of GAAP, Companies Act, Accounting Regulations
  • Knowledge of Tax regulations
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