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 
