Ekurhuleni: Group Financial Manager posted by Unique Personnel Ltd

About the Role

Unique Personnel Ltd is seeking an experienced Group Financial Manager to lead our finance team and provide strategic financial guidance to the organization. The successful candidate will be responsible for producing high-quality financial reports, managing financial records, and ensuring compliance with regulatory requirements.

Key Responsibilities

• Produce detailed and accurate monthly management accounts of group results for directors, including relevant commentary and analysis
• Investigate and report back on queries, comments or requests from directors
• Provide timely monthly key financial and statistical information required by managers to allow them to make day to day and short-term decisions
• Report on financial results and annual financial statements to financial institutions as and when required
• Oversight of Financial Records
• Ensure accurate and on-time capturing of financial information across all group companies
• Reconcile inter-company accounts balances and explain variances
• Prepare reconciliations of sales data from operational systems to accounting records
• Close monthly accounts across all entities before deadlines
• Review balance sheet reconciliations and entity trial balances to ensure completeness and accuracy of accounting records
• Review profits per legal entity to ensure entities are commercially viable and results are in-line with expectations
• Debtors and creditors ageings, querying long outstanding balances and ensuring debtors write offs remain at a minimum
• Finance Staffing
• Work closely with team leaders within finance to ensure smooth functioning and performance of all departments
• Day to day management of finance team
• Coordinate functions, deadlines, and responsibilities across finance teams to ensure teams are working effectively and deadlines are met
• Undertake bi-annual performance reviews for all team leaders
• External audits
• Ensure audit files are prepared accurately and on time for all entity audits
• Work closely with audit teams to ensure smooth audits and timeous reporting for stand alone as well as consolidated financial statements
• Detailed review of financial statements, ensuring accurate presentation and disclosure as well as correct allocation of accounts
• Assisting auditors with technical queries and resolving any audit findings
• Internal audits
• Oversight of the internal audit function, including setting audit plan for each year, reviewing audit files and reports, directing ad-hoc audits and driving overall performance and direction of internal audit
• Budgeting & forecasting
• Prepare full income statement and cash flow budgets/forecasts for the group, including detailed budgets for IT, sales, capex and operations
• Review and report on monthly actual vs budget figures for significant budget areas
• Escalating any unusual variances
• Banking
• Act as a signatory and authoriser for banking applications and payments
• Review creditor reconciliations and supporting documentation before payments are made
• Tax compliance
• Prepare accurate provisional tax computations for all entities in June and December each year
• Ensure provisional tax returns are submitted and provisional payments made timeously
• Prepare year end tax computations for all entities, ensuring provisional tax payments were adequate to avoid underpayment penalties
• Review all statutory returns including provisional taxes, yearend tax returns and VAT returns
• Responding to any SARS queries/audits that may arise, ensuring appropriate explanations and evidence are provided where necessary

Requirements

• CA(SA) with at least 7 years post-article experience