Finance Manager

SUMMARY:
Accounts

POSITION INFO:

Cash Flow Management

○ Monitor daily, weekly, and monthly cash flow across all business units

○ Prepare cash flow forecasts and projections

○ Manage working capital effectively

Bank Account Management

○ Oversee and manage all company bank accounts across different institutions and branches

○ Monitor balances, transactions, and cash positions daily

○ Perform bank reconciliations for all accounts

○ Control payments, transfers, and deposits

○ Maintain relationships with banking partners

○ Manage banking facilities, including overdrafts.

Oversee debtor accounts and collections processes

○ Monitor outstanding balances and ageing reports

○ Implement credit control measures

○ Reduce overdue accounts and improve collection periods

○ Liaise with clients on payment arrangements

Creditors / Accounts Payable

○ Manage all supplier and creditor payments

○ Ensure timely processing of invoices and reconciliations

○ Maintain positive supplier relationships

○ Monitor payment terms and optimize cash outflows

Budgeting & Forecasting

○ Prepare annual budgets and periodic forecasts

○ Monitor departmental spend against budget

○ Conduct variance analysis and provide corrective recommendations

○ Support management in financial planning and cost control

○ Asset Register for the company 

B-BBEE Compliance

○ Oversee B-BBEE reporting and compliance requirements

○ Coordinate with verification agencies and consultants

○ Support procurement and enterprise development initiatives

SLA (Service Level Agreement) Management

○ Monitor financial compliance linked to SLAs

○ Track supplier and service provider performance

○ Ensure contractual financial obligations are met

○ Assist in SLA negotiations and renewals

Financial Reporting

○ Prepare monthly management accounts

○ Compile financial reports for executive management

○ Present profit and loss statements, balance sheets, and cash flow reports

○ Ensure accurate and timely reporting

Tax & Statutory Compliance

○ Manage VAT, PAYE, UIF, and other statutory submissions

○ Ensure compliance with SARS requirements

○ Liaise with auditors and tax consultants

Financial Controls & Risk Management

○ Implement and maintain internal financial controls

○ Conduct risk assessments and fraud prevention measures

○ Ensure audit readiness and compliance

Team Leadership

○ Manage and mentor finance staff

○ Improve finance processes and operational efficiencies

○ Support strategic financial decision-making