Finance Manager - PE

Reference PE004124
Location Eastern Cape, Port Alfred
Salary Interval Monthly
Package None-negotiable
Description

Requirements:

  • Bachelor's degree in Accounting or Finance.
  • A professional qualification such as CA(SA), CIMA, SAIPA or equivalent will be advantageous.
  • Minimum of 7–10 years' experience in a finance management role within a manufacturing, engineering, industrial or production environment.
  • Sound understanding of manufacturing and cost accounting, including product costing, cost absorption and profitability analysis.
  • Knowledge of South African taxation, statutory requirements, the Companies Act and applicable IFRS standards, including IFRS for SMEs.
  • Advanced Microsoft Excel proficiency and good working knowledge of Microsoft Office Suite, including Word and PowerPoint.
  • Experience working with ERP systems and financial management software.
  • Proven experience in budgeting, forecasting, financial modelling and cash flow management.
  • Experience in inventory management, stock control, working capital optimisation and manufacturing costing.
  • Demonstrated experience managing and developing finance teams.
  • Experience liaising with external auditors, SARS, banks and other relevant stakeholders.

Responsibilities:

Financial Management and Reporting

  • Manage and oversee the full financial function of the business.
  • Oversee monthly, quarterly and annual financial reporting processes.
  • Prepare accurate and timely monthly management accounts.
  • Prepare annual financial statements and supporting schedules.
  • Ensure the accuracy and integrity of the general ledger and financial records.
  • Analyse financial results and provide meaningful commentary on business performance.
  • Present financial reports, insights and recommendations to senior management.
  • Develop, implement and maintain effective financial controls and procedures.
  • Liaise with external auditors, bankers, insurers and other stakeholders.
  • Ensure financial records comply with applicable accounting standards.

Budgeting, Forecasting and Financial Planning

  • Lead and coordinate the annual budgeting process.
  • Prepare and maintain rolling financial forecasts.
  • Develop, monitor and review departmental budgets.
  • Prepare detailed cash flow forecasts and financial projections.
  • Conduct variance analysis against budgets and forecasts, recommending corrective action where necessary.
  • Develop financial models and scenario analyses to support strategic decision-making.
  • Monitor key financial performance indicators and report on financial performance.
  • Support management in evaluating capital expenditure, investment opportunities and business initiatives.

Manufacturing Costing and Profitability Management

  • Develop and maintain accurate manufacturing and product costing models.
  • Analyse direct labour, material and overhead costs.
  • Monitor standard costing, cost absorption and manufacturing cost methodologies.
  • Review manufacturing efficiencies and investigate cost variances.
  • Monitor scrap, waste and rework costs and recommend cost-saving initiatives.
  • Conduct profitability analysis by product, project, customer and business unit.
  • Support pricing strategies and review quotations to ensure appropriate margins.
  • Partner with operational teams to improve productivity, cost efficiencies and profitability.
  • Ensure accurate valuation of work-in-progress (WIP), raw materials and finished goods.

Inventory and Supply Chain Financial Control

  • Oversee inventory accounting, valuation and reporting processes.
  • Monitor inventory levels and associated working capital requirements.
  • Participate in stock counts and cycle counts.
  • Investigate stock variances and implement appropriate corrective measures.
  • Maintain strong financial controls over inventory movements and transactions.
  • Collaborate with procurement and operations teams to optimise inventory management.
  • Monitor slow-moving and obsolete inventory and recommend appropriate action.
  • Ensure accurate reporting of inventory and manufacturing-related costs.

Cash Flow and Working Capital Management

  • Manage daily cash flow requirements and liquidity.
  • Monitor debtor collections and creditor payment cycles.
  • Implement strategies to improve working capital performance.
  • Manage banking relationships and banking facilities.
  • Review and approve payment runs and treasury activities.
  • Identify cash flow risks and recommend appropriate mitigation strategies.
  • Ensure sufficient liquidity to support ongoing operational requirements.

Compliance, Governance and Risk Management

  • Ensure compliance with applicable legislation, regulations and company policies.
  • Oversee VAT, PAYE, income tax and other statutory obligations.
  • Ensure accurate and timely submission of statutory returns.
  • Maintain effective internal controls and financial governance practices.
  • Coordinate internal and external audits and address audit findings.
  • Identify, assess and manage financial risks.
  • Ensure compliance with IFRS for SMEs and other applicable accounting standards.
  • Develop, implement and maintain financial policies and procedures.
  • Review and approve journal entries, reconciliations and intercompany account postings.
  • Investigate and report financial discrepancies across entities.
  • Maintain accurate statutory and administrative documentation in accordance with applicable legislation and record-retention requirements.

Leadership and Team Development

  • Lead, mentor and develop the finance team, including Accounts Receivable and Accounts Payable.
  • Set performance objectives, monitor performance and conduct performance reviews.
  • Promote accountability, accuracy and continuous improvement within the finance function.
  • Support succession planning, skills development and ongoing professional growth.
  • Drive process efficiencies and improvements to finance systems and reporting.
  • Build strong working relationships with internal stakeholders across all departments.
  • Provide proactive financial support and insight to senior management to facilitate informed business decisions.
  • Take ownership of assigned responsibilities and ensure all deliverables are completed accurately and within required deadlines.
  • Identify opportunities for process improvement and implement practical, innovative financial management solutions.
  • Maintain ongoing professional development and keep abreast of changes in South African financial, tax and governance legislation.
  • Perform other related duties as reasonably required by the line manager.
Please note that if you do not receive a response within 2 weeks, your application has been unsuccessful.

How to Apply

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