Job Description

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Job Advert Summary

Feltex is seeking an experienced

Financial Accountant

who will be responsible for the financial, administrative and management systems of Trim Business Units accross the group. This role will focus on reporting of month end, budgeting, forecasting, balance sheet recons, overseeing the audit process and managing debtors, creditors and cashbook team.

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Minimum Requirements

Grade 12



BCom / Diploma in Financial Accounting /Related qualification.



Minimum 5 years' experience in an Accounting role.



SAICA/SAIPA articles adventageous.

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Duties & Responsibilities

Financial Control:

Protect company assets (working capital & fixed assets). Detect and prevent fraud. Promote good corporate governance.

Customer Relations:

Liaise with customers and suppliers.

General Ledger:

Prepare provisions and accruals. Compile royalties schedule for month end processing. Prepare general ledger journals. Compile general ledger reconciliations. General ledger and cashbook review

CAPEX, Tooling & Fixed assets:

Review CAPEX and tooling register from plants, tracking actual spend against approved spend and anlysing future profitability & cash flows of the projects. Prepare CAPEX requisitions with all relevant information regarding the CAPEX project for head office. Support useful life and residual value of fixed assets analysis. Review the plants tooling reports.

CAPEX & Fixed assets:

Calculate ROI on proposed CAPEX. Complete CAPEX/disposal / transfer applications. Monitor and report CAPEX monthly spend vs budget. Maintain and update the fixed assets register (issues Asset No's etc.). Manage the CAPEX and fixed asset process (start to end).

Audits and Year-End Processes:

Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan. Prepare and arrange royalty audits.

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.

Cash Management:

Oversee cash management function of the plants. Monitor daily cash positions and cash flows to ensure settlement and maximise performance. Manage cash flow and working capital for the plants. Ensure compliance with internal control.

Budget / Forecast:

Prepare operational budget and load budget on the system. Prepare of operational forecast on the system.

Creditors, Banking & Cash management:

Verify weekly transfer (Creditor and wages). Review and authorise creditors, exception reports and payment. Approval of payment on the banking system. Manage/ oversee the creditors department. Review cashbook and related cash forecasts to ensure accuracy.

Debtors:

Maintain and update the tooling account and reconciliation. Review and analyse the debtors age analysis, ensuring timely payments from customer.

Statutory Returns:

Prepare business tax returns (VAT, UIF, PAYE, WCA). Comply with value -added tax administration. Review statistics returns. Preparing of the provisional tax and audit packs.

Stock Control:

Analyses and investigate stock count variances. Maintain the integrity of the stock Sub system.

General Financial:

Provide Financial analysis and support to management and all operational areas of the business. * Maintain and update accounting system (ERP: BPCS)