Financial Controller - Durban
Overview: The focus of this role is to consolidate and report financial information, and reports to the Finance Manger of the Business Unit. Minimum Requirements: Grade 12 BCom Accounting (Honours / CA / CIMA highly advantageous) 5 years' experience in a similar role Advanced Excel Skills Key Performance Areas: Financial Strategy: Provide support on the Financial Strategic Plans. General Financial Management and Reporting: Provide financial analysis and support to management and all operational areas of the business Review and action on the BU/ Plant Flash Results and analyse variances (Budget / Forecast / Prior year). 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 Feltex Management Information System, implementation and roll out to plants. Maintain subsystem balancing and resolve variances. Internal Controls: Design, document and implement Internal Controls. Maintain and Review the Risk Register. Ensure compliance with Internal Controls within the BU. Review and consolidation of management representation letters, followed with closeout action plan Budgets: Prepare the consolidated Budget process and timing plan Review Operational budgets Co-ordinate and consolidate all budgets and future plans for the BU Forecast and Flash: Prepare the consolidated forecast process and timing plan. Co-ordinate and consolidate all forecasts. Review all forecasts. Review the BU/ Plant Flash Results and analyse variances. Financial Pack: Prepare and circulate the Monthly BU Financial Pack Prepare financial reports and returns (Monthly BU/Plant Financial Pack) CAPEX and Fixed Assets: Consolidate & maintain the BU/Plant Capex Reports Review CAPEX spend Support useful life and residual value of Fixed Assets analysis. Review and approve CAPEX additions, transfers an impairment at BU level. Maintain IFRS16 Lease Management system. Tooling: Consolidate & maintain the BU/Plant Tooling Reports Review Weekly Sales Reports General Ledger: Review Balance Sheet Account reconciliations and ensure closeout of actions identified. Review and authorise Journal entries. Comply with IFRS. 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 Banking: Release weekly bank transfers (creditors and wages) Review and authorise Creditors payments Cash Management and Working Capital Management: Oversee cash management function of the BU. Monitor daily cash positions and cash flows to ensure settlement and maximise performance. Manage and plan cash flow, driving action items to ensure cash position in line with target. Manage working capital within the BU. Calculate BU working capital for month-end closing and analyse variances to actual performance. 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. Review quarterly price updates on customers. Creditors Oversee creditors function of the BU. Facilitate and input into creditors management process Review creditors age analysis and GRNI providing an analysis and action plans Forex: Manage Forex risk. Review Forex Forecasts. Ensure compliance with SARB requirements. Statutory Returns: 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 Staff Management: Manage the Trim BU Head Office team, consisting of the debtors, creditors and cashbook function. Build relations, support and align the plant finance teams in each of the locations Trim operates from. Develop training and growth opportunities for finance staff.
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