Financial Manager

Financial Manager

Minimum Requirements

• Chartered Accountant or equivalent with relevant Tertiary Qualifications.
• Minimum of 5 years Financial Management experience in an FMCG environment.

Role and Responsibilities 

• Monthly management accounts and annual financial reporting.
• Annual budgets:

• Coordinate and submit to the Holding Company.

• Undertake variance analysis to monthly management accounts.

• Manage the day-to-day financial matters, including:

• Assistance in management of the debtors book.

• Monthly and annual rebate control and reconciliation with all suppliers.

• Reconciliation of rebates due to the General Ledger account.

• Ensure back-end supplier support, discounts, and rebates are received per agreements.

• Monitor supplier spend in relation to rebates due based on set targets.

• Monthly accruals and creditors management.

• General Ledger maintenance and reconciliation of all accounts as required by Holding Company reporting Accountant

  VAT and income tax:
• Calculations, reconciliations, and submissions to Holding Company reporting Accountants.
• Ensure compliance with government-required statistics.
• Preparation of schedules, assistance, and liaison regarding year-end audits.
• Reconciliation of inventory.
• Monitor, manage, and analyze inventory aging to reduce inventory days and excessive inventory holding.
• Management of bookkeeping staff.
• Recommend financial actions by identifying risks, overspend, and areas requiring improvement.
• Substantiate financial transactions by undertaking sound financial analysis.
• Maintain accounting and internal controls by preparing and recommending policies and procedures.
• Guide accounting clerical staff by coordinating activities and answering questions.
• Reconcile financial discrepancies by collecting and analyzing account information.
• Maintain financial security by following internal controls.
• Analyze, translate, and address financial information to highlight operational shortcomings, inefficiencies, or excessive costs.
• Recognize issues and implement effective and sustainable solutions.
• Proactively drive solutions and recommendations to ensure desired outcomes in both process and cost savings.
• Any further finance-related responsibilities as directed.