Job Description

A leading pharmaceutical company has a vacancy for a Finance Manager to lead, direct and manage their team.

Key Responsibilities:
People Management:

• Manage the Accounts Receivable and Accounts Payable team members.
• Attract, develop, and retain high quality team members
• Lead the team as a role model who demonstrates values, inspires, motivates, and coaches team members to maximise the quality of their output
• Drive ownership, accountability innovation and efficient processes
• Provide continuous feedback and ensure performance management reviews are performed
• Empower, motivate, uplift team whilst driving accountability

Accounts Receivable management:

• Set the target days at budget and forecasts by customer channel. Ensure target days are met and maintained at optimal levels.
• Review forecast and budget calculations for accounts receivable balances.
• Build relationships with Commercial team,, customers and distributors to ensure optimal cash collections.
• Review debtorsxe2x80x99 book monthly and identify risks and areas for improvement.
• Ensure plans are in place for improvements identified and those are executed and tracked.
• Review all relevant GL recons and ensure reconciling items are maintained at current.
• Drive collections and ensure best processes are followed. Ensure processes required by State are followed.
• Approve blocked orders after assessing credit risk but also consider business in achieving targets.
• Manage requests for extended payments terms.
• Assess provisions to ensure they are adequate as per IFRS requirements
• Approve credit notes and bad debt write-offs as per Approvals Framework.
• Engage with Legal regarding all default accounts.
• Ensure accurate maintenance of logistic fees.
• Manage UPD sundry accounts to ensure lowest deductions from UPD.
• Ensure credit insurance is in place as and when required and manage relationship with insurance company as well as broker.
• Ensure compliance with all Reserve Bank and SARS regulations regarding export sales, foreign currency inflows and VAT.

Accounts Payable:

• Ensure optimal payment terms from suppliers.
• Ensure optimal procure to pay process is followed. This will ensure efficiencies and best cash flow management.
• Accounts Payable management (trade and non-trade).
• Ensure compliance with all VAT regulations when invoices are processed and involve Group Tax if required.
• Review forecast and budget calculations for accounts payable (trade and non trade) balances.
• Release orders and bank files as per SOP and limits of authority as and when required.

Financial Reporting and Management:

• Manage budget, forecast and five-year plan processes related to working capital.
• Review monthly stock provision and stock adjustments.
• Prepare monthly working capital analyses with commentary and identify risks.
• Ensure any new acquisitions are accurately accounted for.

Payroll Management:

• Ensure all employees are paid accurately and timely every month.
• Assist with payroll costing for budgets.
• Consolidate annual increase workings and present to executives.
• Prepare annual incentive and deferred incentive calculations. Obtain relevant approval and ensure incentives are paid.
• Ensure accurate submission of bi-annual employees tax information and distribution of annual IRP5xe2x80x99s.
• Ensure timely submission of Workmenxe2x80x99s Compensation returns.
• Assist in creating packages for all new employees obtained from acquisitions.

Compliance and Risk Management:

• Prepare and submit the annual insurance declaration as distributed by the Group Risk team on timeline as communicated. Ensure all claims due to stock loss from theft, hi-jack, damage etc. are concluded.
• Ensure compliance with policies and procedures and drive accountability throughout the organization.
• Take full responsibility for the Approvals Framework and ensure that it is adhered to and continually updated. Ensure SAP configuration is aligned to Approvals Framework.
• Maintain risk register.
• Perform designated approval function.
• Identify risks and opportunities which impact the business.
• Ensure that contractual agreements are adhered to.
• Ensuring that all accounting transactions are in line with the principles of IFRS and other regulations.
• Ensure that SOPxe2x80x99s relevant to the area of responsibility are in place and regularly updated.
• Ensure that all matters pertaining to internal and external audit from a Working Capital perspective are dealt with timeously and accurately.

Other:

• Identify cost saving initiatives in the areas under responsibility.
• Identify processes for improvement and successfully implement systems enhancements.
• Projects: Provide the necessary leadership & financial insights by leading & participating in key strategic project teams (acquisitions, divestments, etc.)
• Relationships: Establish a high level of credibility and manage strong working relationships with both external parties and internal parties.
• Spearhead process improvements across the finance, legal, it functions

Requirements:

Skills and Attributes

• Exemplary leadership skills, people manager
• Ability to work under pressure
• Confident individual with strong interpersonal skills not afraid of challenging the status-quo
• Highly numerate with strong analytical abilities
• Must be diligent, commercially astute, with a focus on attention to detail, high sense of urgency and deadline driven.
• Mature, resilient, assertive, someone with unquestionable integrity
• Good communication skills (verbal & written)

Knowledge:

• Financial Accounting (IFRS), Auditing
• Full end to end understanding of Accounts Receivable, Payable, Inventory, Payroll and Other financial processes.
• VAT Act and Reserve Bank regulations
• MS Office
• Advanced Excel
• SAP and TM1 (Preferred)

Qualifications & Experience

• Grade 12 / Matric
• CA (SA) (Big 4 Preferable)
• At least 6 years post article experience in a finance/audit/systems environment.
• Detailed and up to date knowledge of IFRS, Accounting and tax (VAT, income tax and PAYE).
• Computer literate xe2x80x93 advanced in MS Excel, MS Word, MS PowerPoint
• People management and Mentoring experience
• Experience in the pharmaceutical/FMCG industry
• Project Management
• Continuous improvement & Best Practice sharing experience.
• Creation of dashboards and executive reports
• Risk assessment, control weakness & mitigation measures

Candidates that meet the criteria may submit their applications via this portal or via vacancy link on

Should you receive no feedback within 7 days, please accept your application as unsuccessful.

MNA Recruitment