Job Description
About the Role
The Group Financial Manager – Automotive role at Abantu Staffing Solutions is a critical position that requires a seasoned financial professional to lead and manage the full financial control function for South African entities. The successful candidate will be responsible for providing accurate and timely financial information to plant management, enabling informed business decisions.
Key Responsibilities
* Lead costing and related updates for all South African plants
+ 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.
+ Margin analysis & Reports.
* Lead financial reviews of Continuous Improvement initiatives in the WAVE system for all South African plants
+ Review of initiative calculations.
+ Verification of measure information.
+ Tracking of actual savings against planned savings.
+ Identify improvement opportunities and make recommendations for improvements.
+ Participate in Continuous improvement initiatives.
* Lead internal control reporting and submission for all South African entities
+ 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 & 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.
+ Impairment reviews.
+ Preparation of business case for new CAPEX.
* Lead plant related controlling activities for all SA entities and perform plant related functions for East London plant
+ Oversee & attend Stock Takes
+ Review, investigating cycle count variances.
+ Review maintenance spares, obsolete stock and NRV of stock.
* Prepare & review weekly Forecast & month-end estimate
* Prepare & review monthly short term forecast (P/L & BS)
* Prepare detailed plant budget and medium term forecast annually with collaboration of plant management
* Approve plant requisitions for expenditure
* Expense management
+ Accounts Payable recon reviews.
+ Payroll reviews.
* Open order reviews
* Prepare provisions and accruals
* Prepare general ledger journals
* Prepare monthly general ledger reconciliations (BS & IS)
* 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 and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan.
* Support with reporting Accounting, Audit and Tax Packs information.
* Support in providing information on internal audit, and closure of findings stemming from internal audit.
* Support with BBBEE audit.
* Prepare Government Incentive Applications.
* Prepare BBBEE reports and information.
* Support with AFS preparation & reviews.
* Prepare Insurance Declarations.
* File claims for losses.
* Compile and review sales reports.
* Support process of WCA, PAYE and Provisional/Income Tax returns.
* Support with VAT reviews.
Requirements
* Grade 12
* BCom Accounting
* CIMA required
* Minimum 10 years experience in Financial Controlling in a manufacturing industry, with 3+ years in a leadership / senior role.
* Manufacturing industry
* Automotive advantageous
* IFRS compliance
* MS Office (Excel, Word, PowerPoint, Outlook)
* Advanced Excel
* Solid ERP experience (BPCS advantageous)
Qualifications
* Formal education/certifications.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Motoring Jobs in Eastern Cape
The Other Motoring sector in Eastern Cape, South Africa, is a rapidly growing industry with a diverse range of job opportunities available. Typically, this field encompasses the maintenance and repair of various types of vehicles, including cars, trucks, and motorcycles. Generally, individuals working in this sector require strong technical skills, attention to detail, and excellent communication abilities.
In terms of compensation, salaries for Other Motoring professionals in Eastern Cape are generally competitive, with broad salary ranges depending on factors such as experience, company size, and industry sector. Typically, entry-level positions can start within the R200 000 – R400 000 per annum range, while more senior roles may command salaries between R500 000 – R1 million per annum or more. However, please note that these figures are broad estimates and actual salaries may vary.
Common skills required for roles in this industry include mechanical aptitude, problem-solving abilities, physical stamina, and excellent customer service skills. Typically, individuals working in this field require a strong foundation in automotive repair and maintenance, as well as the ability to work independently and as part of a team. Computer-aided design (CAD) skills and knowledge of industry-specific software are also often beneficial.
The Other Motoring sector is commonly found in industries such as the manufacturing sector, technology industry, and financial services sector. Manufacturers, distributors, and service providers in these sectors often require skilled technicians to maintain their fleets and equipment.
Career development opportunities abound for those working in this field, with many positions offering potential for advancement and specialization. Typically, experienced technicians may have the opportunity to move into supervisory or management roles, while others may pursue further education and training to become master technicians or start their own businesses. With the right skills and experience, individuals can establish themselves as experts in their field and enjoy long-term career satisfaction and growth.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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