Durban: Financial Controller posted by Tower Group
Posted on 2025-07-26 00:00:00
| Employer | Tower Group |
|---|---|
| Category | Manufacturing Production |
| Location | Kwazulu-Natal / Durban |
Job Summary
Our client, a leader in the automotive manufacturing industry is seeking a Financial Controller to join their team based in Durban.
MINIMUM REQUIREMENTS
- Grade 12
- National Diploma or Bachelor of Commerce in Financial Accounting or related qualification
- Bachelor of Commerce (Accounting), CA(SA) or CIMA advantage
- Minimum 5 years experience in a similar role.
MAIN JOB FUNCTIONS
- Provide financial analysis and support to management and all operational areas of the business
- Monitor and support debtors and creditors
- Maintenance of the fixed asset register
- Control intercompany balancing
- Review weekly payroll
- Review and action financial variances (Budget / Forecast)
- Review and action Balance Sheet Account variances
- Ensure compliance with IFRS
- Maintain the plant CAPEX & Tooling Reports
- Generate information and reports for internal and external use
- Comply with Internal Controls
- Maintain and Review the Risk Register
- Participate in the budget/forecast process
- Prepare budgets and forecasts for plants
- Prepare plant P/L and balance sheet forecasts
- Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
- Compile the BU/ Plant Flash Results and analyse variances
- Compile and review Weekly Sales Reports
- Prepare Provisions and Accruals
- Compile Royalties schedule for month end processing
- Prepare general ledger journals
- Compile general ledger reconciliations
- Prepare & maintain a CAPEX and Tooling register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.
- Prepare CAPEX requisitions with all relevant information regarding the CAPEX project.
- Support useful life and residual value of Fixed Assets analysis
- Maintain the BU/Plant Tooling Reports
- Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
- Prepare and arrange royalty audits
- Calculate landed cost on all import shipments
- Prepare / Review DA 190 (Declaration of Imported Components and Raw Materials)
- Investigate Purchase Price Variances (PPV)
- Generate variance report of Actuals to budgeted information
- Compile daily stock holding report
- Oversee Stock Takes
- Assist with investigating stock count variances
- Overall responsibility for stock
- Oversee cash management function of the plant
- Monitor daily cash positions and cash flows to ensure settlement and maximise performance
- Manage cash flow and working capital for the plant
- Review Forex Forecasts
- Plant FEC contracts based on AP requirements
- Identify improvement opportunities and make recommendations for improvements
- Participate in Continuous Improvement initiatives
- Prepare financial reports and returns
- Generate information and reports for internal and external use
- Ensure an enabling climate/culture.
- Ensure a safe, secure and legal working environment.
- Manage individual, team and departmental performance to achieve organisational objectives.
- Determine the training needs of the Department.
- Coach and counsel people to ensure improved performance levels
- Ensure discipline is maintained in department (absenteeism, lateness, overtime, misconduct, etc.)
- Resolve grievances and disputes
- Identify potential hazards and critical safety issues in the workplace
- Address workplace hazards and risks
- Work safely and use safety equipment
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