Financial Controller

SUMMARY:
To consolidate and report financial information.

POSITION INFO:

• Grade 12
• National Diploma or BCom in Financial Accounting or related qualification
• Minimum 5 years’ experience in a similar role

Financial Strategy:

• Provide support on the Financial Strategic Plans

General Financial Management & Reporting:

• Provide financial analysis and support to management and all operational areas of the business
• Review and action Financial variances (Budget / Forecast)
• Review the BU/ Plant Flash Results and analyse variances
• Review and action Balance Sheet Account variances
• Prepare financial reports and returns
• Generate information and reports for internal and external use

Financial Management Systems:

• Manage and maintain the accounting and business intelligence systems
• Administer the Management Information System

• Design, document and implement Internal Controls
• Maintain and Review the Risk Register
• Comply with Internal Controls

Budgets:

• Prepare the consolidated Budget process and timing plan
• Review Operational budgets
• Co-ordinate and consolidate all budgets

Forecasts:

• Prepare the consolidated forecast process and timing plan
• Co-ordinate and consolidate all forecasts
• Review all forecasts

Financial Reporting:

Financial Pack:

• Prepare and circulate the Monthly BU Financial Pack
• Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
• Flash Results:
• Review the BU Flash Results and action variances
• Review the BU/ Plant Flash Results and analyse variances

CAPEX & Fixed assets:

• Consolidate & maintain the BU/Plant Capex Reports
• Review CAPEX spend
• Support useful life and residual value of Fixed Assets analysis

Costing:

• Calculate landed cost on all import shipments
• Prepare / Review DA 190 (Declaration of Imported Components and Raw Materials)
• Investigate Purchase Price Variances (PPV)
• Generate variance report of Actuals to budgeted information

Tooling:

• Consolidate & maintain the BU/Plant Tooling Reports

• Review Balance Sheet Account reconciliations
• Review and authorise Journal entries

Audits and Year-End Processes:

• Prepare the consolidated Audit plan
• Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
• Prepare reporting Accounting, Audit and Tax Packs
• Facilitate completion of financial statements for Legal entities
• Conduct a final Review and submit to Holding Company

• Release weekly bank transfers (creditors and wages)
• Review and authorise Creditors payments

Debtors Management:

• Oversee debtors function of the BU.
• Facilitate and input into debtors management process
• Review debtors age analysis, providing an analysis and action plans for debt collections

• Ensure compliance with the general tax provisions
• Review Statutory Returns (VAT, PAYE, SDL, UIF, WCA) and ensure that they are submitted timeously
• Support process of Provisional/Income Tax returns
• Prepare and submit Government Incentive Applications

Insurance:

• Review and submit Insurance Declarations
• File claims for losses

Continuous Improvement:

• Identify improvement opportunities and make recommendations for improvements

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