Financial Manager

SUMMARY:
The Financial Manager is responsible for managing the day-to-day financial operations of the company and related group entities, ensuring accurate financial reporting, effective cash flow management, compliance with statutory requirements, and strong financial controls.

POSITION INFO:

Financial Manager
Reports to: Chief Financial Officer (CFO)
Department: Finance
Location: Witbank, South Africa
Employment Type: Full-time

Job Purpose

The Financial Manager is responsible for managing the day-to-day financial operations of the company and related group entities, ensuring accurate financial reporting, effective cash flow management, compliance with statutory requirements, and strong financial controls. The role supports the CFO and executive management with reliable financial information for strategic and operational decision-making.

Key Responsibilities

1. Financial Planning & Analysis

• Coordinate and preparation of annual budgets, rolling forecasts, and long-term financial plans
• Monitor actual performance against budgets and investigate variances
• Develop financial models and scenario analyses to support business decisions
• Provide management with actionable financial insights and recommendations

2. Financial Reporting & Compliance

• Responsible for on time month-end processes for group and all group relates entities
• Produce accurate monthly divisional and group management accounts within agreed deadlines
• Monthly reconciliations between group companies and intergroup transactions
• Prepare annual financial statements in accordance with IFRS / GAAP for group and group related entities for external auditors
• Ensure compliance and filing with all statutory and regulatory requirements (SARS, VAT, PAYE, IRP 6 and ITA, Companies Act)
• Coordinate annual audits and manage relationships with external auditors

3. Cash Flow & Treasury Management

• Manage daily and long-term cash flow planning
• Oversee all banking activities and loading of payments. CFO/CEO to release payments
• Manage working capital including the oversee of debt collection and the on-time payment of creditors
• Ensure optimal liquidity and free cash flow in the business

4. Risk Management & Internal Controls

• Implement, and maintain effective internal financial controls
• Identify financial and operational risks and implement mitigation measures
• Ensure adherence to company policies and procedures
• Strengthen governance, control environment, and fraud prevention
• Managing the Insurance portfolio of the group and all insurance related matters (audits/renewals/claims)

5. Accounting Operations

• Oversee bookkeeping, tax, and accounts payable/receivable functions of the group and group related entities
• Maintain the integrity of the general ledger and accounting records
• Ensure accurate reconciliations and timely month-end and year-end close
• Manage accounting systems and continuous process improvement initiatives

6. Business & Strategic Support

• Support executive management with financial analysis
• Evaluate capital projects, and business opportunities
• Assist with contract pricing, costing, and profitability optimisation

7. Leadership & Team Management

• Lead and develop the finance team
• Set performance objectives and conduct regular performance reviews
• Build a culture of accountability, continuous improvement, and excellence

Minimum Requirements

• BCom Accounting / Finance or equivalent
• Professional qualification (CA(SA), CIMA, SAIPA) – preferred
• 5–10 years’ experience in a financial management role
• Strong knowledge of IFRS, tax legislation, and financial controls
• Advanced Excel and accounting system proficiency (e.g., Xero, ERP systems)
• Proven record of leading a team