Job Description

My client a leading and well-known Retailer based in Montague Gardens requires a competent and experienced Financial Manager/CA to join their Senior Management Team.



MAIN PURPOSE OF THE JOB

To drive the companys financial operations and improve financial performance by

co-ordinating financial operations, developing effective financial strategies, guiding efforts towards financial stability,

monitoring all financial activities, promoting improved profitability and cash generation, and ensuring compliance with

accounting regulations and government legislation.

JOB REQUIREMENTS

- Qualified Accountant CA (SA) or equivalent

- Completion of RE1 & RE3 FAIS Regulatory exams would be advantageous.

- Professional body membership.

- Minimum of 5 years experience in credit/financial services or retail field.

- Minimum of 5 years experience as a Financial Manager responsible for managing a team.

- Broad knowledge of accounting principles.

- Up-to-date knowledge of relevant financial, tax and labour legislation.

- Knowledge of and experience in payroll systems and the administration of employee benefits.

- Strong knowledge of data analysis and performance/operation metrics

- Proficiency in accounting software.

- Able to speak English & Afrikaans.

- Drivers licence.

- SA Citizens only

- Must be Criminal Clear

- Must be Cape town based or prepared to relocate at your own cost

SKILLS, ATTRIBUTES & COMPETENCY REQUIREMENTS

- Confidence in decision-making.

- High level communication skills (good verbal & written skills).

- High levels of honesty, integrity, and confidentiality.

- Critical and analytical thinking.

- Team orientated.

- Ability to think strategically.

- Strong interpersonal skills with the ability to engage constructively with a diverse range of people.

- Problem solving orientation.

- Strong organizational skills.

- Proven negotiation skills.

KEY RESULT AREAS

1. Financial Planning & Strategy

1.1 Provide financial strategic direction to enhance business profitability and cashflow generation and play a key

role in the implementation and monitoring of the companys strategic plan.

1.2 Manage and enhance all relevant result indicators with a specific focus on Cashflow Management.

2. Financial Accounting

2.1 Provide financial and accounting advice, direction, and leadership.

2.2 Ensure compliance with financial legislation, policies, and procedures.

2.3 Implement and monitor payment authority practices and other internal controls over assets, including stock.

2.4 Establish and maintain cash controls.

2.5 Manage investments and reserves.

2.6 Reconcile general ledger accounts.

3. Analysis & Reporting on Financial Performance

3.1 Manage accounting and financial systems and maintain full and accurate accounting records.

3.2 Conduct financial analysis and prepare detailed financial reports and statements monthly, quarterly &

annually.

3.3 Continual improvement and innovation in reporting.

3.4 Monitor company spending and recommend corrective actions as necessary.

4. Treasury functions

4.1 Cash forecasting - compile information from around the company to create an ongoing cash forecast.

4.2 Working capital monitoring - review the company policies related to working capital and model their impact on

cash flows.

4.3 Cash concentration. Create a system for funnelling cash into a centralized investment account, from which cash

can be most effectively invested.

4.4 Investments - allocate excess cash to various types of investments, without concentration on one financial

institution risk, depending on their rates of return and how quickly they can be converted into cash.

4.5 Fund raising - determine when additional cash is needed and raise funds through the acquisition of debt or

changes in company policies that impact the amount of working capital required to run the business.

4.6 Risk management - use various hedging and netting strategies to reduce risk related to changes in asset values,

interest rates.

4.7 Bank relations - keep the company''''s bankers apprised of the company''''s financial condition and projections, as

well as any forthcoming changes in its need for borrowed funds.

5. Compliance

5.1 Ensure that all statutory submissions of government regulations are submitted on time.

5.2 Ensure that the company complies with all legal and governing regulations in terms of statutory submissions.

5.3 Ensure that all provisional and tax returns are submitted in time.

5.4 Ensure compliance Financial Advisory and Intermediary Services (FAIS).

6. Budgets & Forecasts

6.1 Prepare, control, and monitor the companys annual operating budget to ensure that financial targets are met,

and financial and statutory regulations complied with.

6.2 Establish accurate forecasts regarding expenses and revenues and manage regular reporting requirements.

7. Payroll management

7.1 Manage the payroll function and establish appropriate checks and balances to ensure payroll compliance and

accuracy.

7.2 Ensure compliance with relevant company policies and procedures.

7.3 Do regular pay run audits.

8. Administration management (internal auditing)

8.1 Oversee the internal auditing and fraud division to ensure that the company complies with financial procedures

and regulations.

9. External audits

9.1 Manage the process of the year-end audit.

9.2 Prepare the financial system for the external annual audit.

9.3 Respond to auditors comments/queries concerning finances and operations and oversee required action to

address deficiencies.

9.4 Provide information for the tax and provisional tax return to the auditors.

10. Fixed assets

10.1 Determine best strategy to fund new fixed assets and manage strategy regarding owning versus renting property.

10.2 Plan and manage the annual capital requirements

10.3 Ensure that fixed asset register and journals are maintained

10.4 Purchase assets for the company

10.5 Ensure all activities are in accordance with IFRS.

11. Systems and procedures

11.1 Develop, maintain, and regularly review policies, and procedures to ensure effective and efficient financial management within the company.

12. Staff management

12.1 Oversee staff, delegate duties to them and manage their performance.

12.2 Allocate, plan and monitor staff leave.

12.3 Handle and/or resolve any employee disciplinary and/or grievance issues.

12.4 Hold effective meetings and set clear targets and levels of work required.

12.5 Assess staff training needs & staff capacity and ensure continuity of skills within the Finance Dept.

12.6 Recruit and train new staff members.

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