Vereeniging: Financial Manager (Motor dealership exp) – Vereeniging posted by Bonafide Human Capital Ltd

Our motor dealer client in Vereeniging has an opportunity for an experienced FINANCIAL MANAGER. Must have minimum 5 years’ experience in the Automotive Industry. Job Description The Financial Manager will manage the financial department and maintain internal control measures to ensure that the dealership is compliant to sound financial practices and good corporate governance. Supporting the Dealer Principal and Assistant Finance Executive in the achievement of financial objectives, identifying areas of risk and improvement, and ensuring timely and accurate reporting. The Financial Manager furthermore supports the Human Resources function with personnel and payroll matters at dealership level. Position Overview The Financial Manager will manage the financial department and maintain internal control measures to ensure that the dealership is compliant to sound financial practices and good corporate governance. Supporting the Dealer Principal and Assistant Finance Executive in the achievement of financial objectives, identifying areas of risk and improvement, and ensuring timely and accurate reporting. The Financial Manager furthermore supports the Human Resources function with personnel and payroll matters at dealership level. Specific Role Responsibilities Key Duties and Responsibilities: Prepare and report financial statements to Division, H.O. and auditors (internal and external). o Prepare and complete various weekly, monthly and annual financial statements. o Complete monthly management reports. o Compile management accounts, including budgets, cash flows, variance analysis and commentaries. o Produce financial and management information. o 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: o 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. o Complete profit and loss analysis. o Complete and update daily cash flow statement to establish working capital requirements. o Assist in the preparation and timely filing of all internal accounting and financial reports for governmental and regulatory bodies. o Accurately calculate and process VAT, provisional tax etc. o 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. Attract, retain, appraise and train, coach and develop finance and administration team members. Important to Note: Financial Managers within this Division assume the Human Resources function in the dealership, working closely with the Human Resources Manager on employee-related matters and practices. This includes, but is not limited to: – Implementation and management of personnel and payroll policies, processes and procedures at dealership level, responsible for all payroll input for the dealership; Administration and onboarding of new engagements, employee movements and management of terminations; Workforce planning and management of the headcount budget and dealership structure; Coordination of recruitment, training/ learning and development, performance management, reward and recognition activities for the dealership; Independently handling employee relations matters to ensure an optimal working environment, obtaining assistance from HR as and when necessary. Management of employee personnel records for dealership staff. Qualifications and Experience Experience Required: 5 years’ accounting/ financial management experience in a similar environment, of which at least 2-3 years’ in a team lead/ management role. Relevant experience in the automotive industry. Minimum Qualification/s Required: BComm degree wih Accounting NQF7. Recognised Management/ Leadership Diploma or Certificate – desired. Other Requirements: 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. Knowledge and ability to use relevant DMS functions (Automate). Skills and Personal Attributes Skills and Expertise Required: Communication: Able to communicate professionally at multiple levels in a professional, diplomatic, polite and rational manner even when under pressure. Interpersonal competence; effective at working with people. Financial Management and Performance Reporting Financial and commercial acumen/ thinking. Financial and Accounting Control Sound knowledge and understanding of financial, accounting and tax concepts, financial statements, trial balance, financial record keeping process etc. Analysing and reconciling financial information and data, identifying auditing discrepancies and reporting on such, ensuring root cause analysis is carried out and corrective and preventive measures are implemented. Planning and organising Problem-solving and judgement skills. Decision making and action orientated. Conflict resolution Impact and Influencing People Management and Development skills, including effective delegation ability. Time management, including the ability to respond to and resolve queries and issues in the minimum amount of time. Able to work independently and under pressure. Improvement Orientation Personal Attributes: Professional High level of detail and accuracy Energetic and self-motivated Resilient Hard working Deadline driven Systematic and methodical. Someone who upholds professional ethics and values. An independent thinker; comfortable taking a stand in the interest of good governance and isn’t easily pressured. Must be assertive and mature in outlook.