Senior Financial Manager

Description:

Our client, a component manufacturer, providing high quality products and services to local and international clients, requires the skills and expertise of a Senior Finance Manager. JOB DESCRIPTION Job Title:Senior Financial Manager Job Purpose:To direct the accounting functions of the company.Responsible for the formulation and maintenance of the company’s accounting and financial policies and practices.Liaises with all departments in the preparation of budgets and financial reports. Executive Management Role• Participate as a member of the executive team.• Participate in the key decision making of the business.• Keep abreast of critical issues in other departments.• Performance management records. Financial accounting and management accounting controls• Oversee Financial Accounting Department to ensure proper maintenance of all accounting systems and functions.• Ensure maintenance of appropriate controls and financial procedures.• Make decisions as final point of escalation for accounts payable and accounts receivable issues.• Ensure all month end activities are in place including general ledger and control account reconciliations.• Perform final review before signing off of external audit.• Review preparation of Annual Financial Statements• Oversee/review the monthly management reporting ensuring timeliness, accuracy and usefulness.• Monitor financial performance by analysing results and implementing and facilitating corrective action to minimise impact of variance against budget.• Ensure correct evaluation and reporting of all inventory in the business Job costing• Implement and maintain the company job costing system.• Oversee the preparation of monthly costing reports,• Review projects with Project Managers and Manager Director at the monthly meetings. Treasury• Manage cash balance and cash forecasts.• Oversee the cash flow plans and ensure the availability of funds as needed. Manage working capital requirements of business.• Arrange debt financing with group and external institutions and repayment of these loans. Financial planning and budgeting• Develop, co-ordinate and monitor budgets for the entire business in its entirety.• Present annual financial budget to the management team.• Review budgets quarterly and forecast prepared and present to Exco.• Advise on the optimum financing options for the company to ensure that there is an optimum balance between employment of company capital and loan financing Risk management and insurance• Maintain the risk register.• Oversee the annual renewal process of insurance and ensure proper cover at lowest cost is maintained at all times.• Oversee process of insurance claims. Tax• Review tax calculation.• Ensure company complies with tax laws.• Investigate the optimum tax and duty structure for the company. Asset management/fixed assets• Develop and maintain a capital budget.• Track and report capital spend against budget.• Ensure process for capital expenditure is followed.• Negotiate the annual renew