Benoni: Financial Manager – Benoni posted by Bonafide Human Capital Ltd

About the Role

Bonafide Human Capital Ltd is seeking an experienced Financial Manager to join our motor dealer client in Benoni. The successful candidate will manage the financial department, maintain internal control measures, and support the Dealer Principal and Assistant Finance Executive in achieving financial objectives.

Key Responsibilities

• Prepare and report financial statements to Division, H.O. and auditors (internal and external)

• Prepare and complete various weekly, monthly and annual financial statements

• Complete monthly management reports

• Compile management accounts, including budgets, cash flows, variance analysis and commentaries

• Produce financial and management information

• Maintain the integrity and reliability of the financial data

• Ensure that month-end cut-offs are compliant in terms of company policies
• Manage the effective and timely provision of financial, statutory and sustainability reporting including cash flows, variance analysis and commentaries
• Oversee accurate reconciliation of all financial records to enable verification of the validity of transactions and to take appropriate action where required
• Prepare and complete financial budgets for the dealership in conjunction with departmental managers and other stakeholders
• Ensure effective and efficient administration of operational costs within budget, identify areas of financial and operational risk and escalate appropriately
• Supervise cash management activities
• Responsible for co-signatory of payments with Dealer Principal in accordance with approved policies and procedures
• Manage and report on progress against operational budget in liaison with Dealer Principal
• Analyse and interpret financial information:

• Complete analysis of financial data to understand and compare business results; interpret and analyse financial data to draw conclusions and trends from the financial analysis

• Complete profit and loss analysis

• Complete and update daily cash flow statement to establish working capital requirements

• Assist in the preparation and timely filing of all internal accounting and financial reports for governmental and regulatory bodies

• Accurately calculate and process VAT, provisional tax etc.

• Establish and monitor internal controls
• Implement corporate governance and compliance policies and processes to identify and manage risks and expose liabilities
• Manage and control the administration and financial processes within the dealership
• Conduct reconciliation of vehicles, parts, service assets, verify against accounting records and address all anomalies with senior line management
• Manage supplier and customer relationships; ensuring effective debtors and creditors processes are in place and adhered to
• Identify opportunities to minimize cost and increase revenue
• Manage the security of all assets within direct control, i.e. cash, fixed assets, in line with approved policies, processes and procedures

Requirements

Relevant experience in the automotive industry.

Minimum Qualification/s Required: BComm degree wih Accounting NQF7.

Qualifications

Recognised Management/ Leadership Diploma or Certificate – desired.

Valid, unendorsed driver’s license and the ability to competently and legitimately drive.

Computer literate; highly proficient in Excel, Outlook, Powerpoint and Word.

A working knowledge of the NCA, CPA, FICA and other legislation and frameworks relevant to the retail motor industry.

Salary & Benefits

Salary information not provided.