Financial Manager - - Brackenfell

The Finance Manager will oversee the finance department, including statutory financial reporting and tax compliance for Durban-managed business units and trial balances.

KEY OUTPUTS:

DAY-TO-DAY FUNCTIONS:

ACCOUNTS RECEIVABLE:

Review debtors' reconciliations and invoice processing.
Monitor credit limits, CGIC activity, dispute resolution, and credit control processes in conjunction with AR Controller.
Review maintenance of AR sub-ledger.
Review reports for weekly debtors meetings.
Review late payment interest calculations.

ACCOUNTS PAYABLE:

Review coding and authorization of creditors' invoices.
Review creditors' reconciliations and payment processing.
Supervise the research and resolution of creditor queries.
Review maintenance of AP sub-ledger.
Monitor accrual/prepaid accounts (GL maintenance).
Review and approve new business partners.

CASH MANAGEMENT / TREASURY:

Review and authorize FEC and supplier payments (ZAR and Foreign).
Liaise with treasury manager to monitor activities and accounting treatment of currency hedging and other activities.
Daily cash management.

MONTH-END ACCOUNTING:

Prepare/review month-end journals for various accounts.
Review and maintain fixed assets register.
Prepare admin fees journals and calculate intercompany interest across companies.
Prepare interest calculation on shareholder loans.
Prepare calculations for customer brokerage accounts.
Prepare ASC740/Fin48 accrual and quarterly submission.
Review FEC MTM calculation and reasonableness test.
Review credit card reconciliation.
Review bank reconciliations.
Review cash clearing accounts.
Review AR/AP sub-ledgers open items.
Review AR bad debt reserve.
Review recharge accounts.
Review CGIC submission.
Review SG&A.
Review AR/AP sub-ledgers reconciliations.
Review GL reconciliations.
Review intercompany balances.
Prepare staff debtors reconciliation.
Prepare payroll journal entries.
Review ICI tie-out.
Prepare AR other reconciliation.
Prepare accrued other reconciliation.
Review Finpack.

TAXATION AND STATUTORY RETURNS:

Preparation and review of monthly ZAR management accounts.
Preparation of local annual IFRS financial statements.
Preparation/review of VAT returns.
Preparation/review of PAYE returns.
Preparation of local income tax submissions.
Preparation of Reserve Bank returns.
Preparation of SATS SA Financial Returns, wholesale, quarterly, and annual returns.
Preparation of transfer pricing document.

COMPLIANCE:

Development and management of controls for good corporate governance and Sarbanes Oxley compliance.
Liaise with internal and external audit.
Liaise with Bankers.

GENERAL: