Job Description
About the Role
The Finance Controller role at Abantu Staffing Solutions ensures strong financial control while delivering accurate information to guide operational and strategic decisions, reporting to the financial manager.
Key Responsibilities
- Prepare financial reports and returns for internal and external use
- Provide financial analysis and support to plant management and all operational areas of the business
- Review and action Financial variances (Budget / Forecast / Estimate)
- Ensure compliance with IFRS
- Submission of monthly and annual reports on reporting platform (Onestream)
- Prepare provisions and accruals
- Prepare general ledger journals with appropriate support
- Prepare monthly general ledger reconciliations (BS & IS) in line with group requirements and action variances
- Ensure timely and accurate closing from a GL point of view
- Ensure compliance to Global Control Framework (GCF) and Delegation of Authority (DoA) and company policies and procedures
- Prepare and submit monthly Control checks allocated as per Global Control Framework (GCF)
- Maintain the risk register
- Prepare detailed plant budget and medium term forecast annually with collaboration of plant management
- Prepare monthly short term forecast (P/L & BS)
- Prepare weekly flash and month-end estimate
- Prepare & maintain a CAPEX and Tooling reports & register tracking actual spend against approved spend, planning future profitability & cash flows of the projects
- Prepare CAPEX requisition with all relevant information regarding the CAPEX project
- Support useful life and residual value of Fixed Assets analysis
- Perform asset verification
- Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
- Prepare reporting Accounting, Audit and Tax Packs
- Support in providing information on internal audit, and closure of findings stemming from internal audit
- Support with BBBEE audit
- Calculate landed cost on import shipments
- Prepare / review BOM’s, Cost sets / cost buckets
- Investigate Purchase price variances (PPV)
- Generate variance report of Actuals to budget information
- APDP & EUR 1 submissions
- Oversee Stock Takes & assist with investigating stock count variances
- Review maintenance spares, obsolete stock and NRV of stock
- Review debtors age analysis, providing an analysis and action plans for debt collections
- Review / approve credit notes within limit of authority
- Review Creditors age analysis and GRNI providing an analysis and action plans
- Approve requisitions within limit of authority
- Review and authorise Creditors payments
- Review weekly payroll
- Prepare cashflow
- Monitor daily cash position and cash flows to ensure settlement and maximise performance
- Perform Intercompany reconciliation and ensure zero clockouts at month-end
- Prepare Forex Forecasts
- Book FEC contracts-based on AP requirement & review Excon applications.
- Prepare VAT return and checklist
- Support process of WCA, PAYE and Provisional/Income Tax returns
- Prepare Government Incentive Applications
- Prepare BBBEE reports and information
- Prepare Insurance Declarations
- File claims for losses
- Identify improvement opportunities and make recommendations for improvements
- Participate in Continuous improvement initiatives
- Compile and review sales reports
- Performs other related duties as assigned
Requirements
- Grade 12 (matric) senior certificate
- CIMA / Diploma or Degree in Accounting or Financial Management
- 8+ years experience in a Financial Controller position
- Computer Literacy – Experience with MS Office – Advanced Excel
- Knowledge of BPCS Accounting system (Highly Advantageous)
- Experience in the Motor Industry (Highly Advantageous)
Qualifications
- Formal education/certifications. If NONE mentioned, SKIP this entire section
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Eastern Cape
The finance and accounting profession is a vital component of the Eastern Cape’s economy, with various industries relying on skilled professionals to manage their financial operations. Typically, these roles involve providing expert advice on financial planning, budgeting, and forecasting, as well as ensuring compliance with relevant laws and regulations. Generally, finance and accounting professionals in the Eastern Cape can expect to find employment in a range of sectors, including government, private enterprise, and non-profit organisations.
When it comes to salary expectations, typically, finance and accounting roles in the Eastern Cape offer competitive compensation packages that vary widely depending on factors such as experience, company size, and industry sector. Common broad salary ranges for these roles include R300 000 – R600 000 per annum for junior positions, with senior roles potentially commanding salaries upwards of R1 million or more. However, please note that these are very general estimates and actual salaries may differ depending on various factors.
Common skills required for finance and accounting roles in the Eastern Cape typically include proficiency in financial software such as SAP or QuickBooks, strong analytical and problem-solving skills, excellent communication and interpersonal skills, attention to detail, and a basic understanding of taxation laws. Additionally, many employers place a premium on candidates with experience in industry-specific software, such as cloud-based accounting systems or enterprise resource planning (ERP) solutions.
The finance and accounting profession is commonly found across various industries in the Eastern Cape, including financial services sector, technology industry, manufacturing sector, and government departments. These roles often require professionals to work closely with colleagues from other departments, making strong communication and collaboration skills essential.
For those interested in pursuing a career in finance or accounting, there are several development opportunities available. Typically, entry-level positions can lead to progression into more senior roles, such as financial analyst or accountant, with experience and additional qualifications. Many employers also offer training programs and professional development opportunities, such as Certified Financial Planner (CFP) certifications or chartered accountancy qualifications. With dedication and hard work, finance professionals in the Eastern Cape can enjoy a rewarding and challenging career.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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