Financial Controller

Recruiter:

Platinum Placements

Job Ref:

FC

Date posted:

Monday, May 19, 2025

Location:

Durban, South Africa

Salary:

Negotiable

SUMMARY:

To consolidate and report financial information.

POSITION INFO:

Grade 12
National Diploma or BCom in Financial Accounting or related qualification
Minimum 5 years experience in a similar role

Financial Strategy:

Provide support on the Financial Strategic Plans

General Financial Management & Reporting:

Provide financial analysis and support to management and all operational areas of the business
Review and action Financial variances (Budget / Forecast)
Review the BU/ Plant Flash Results and analyse variances
Review and action Balance Sheet Account variances
Prepare financial reports and returns
Generate information and reports for internal and external use

Financial Management Systems:

Manage and maintain the accounting and business intelligence systems
Administer the Management Information System

Internal Control:

Design, document and implement Internal Controls
Maintain and Review the Risk Register
Comply with Internal Controls

Budgets/Forecasts:

Budgets:

Prepare the consolidated Budget process and timing plan
Review Operational budgets
Co-ordinate and consolidate all budgets

Forecasts:

Prepare the consolidated forecast process and timing plan
Co-ordinate and consolidate all forecasts
Review all forecasts

Financial Reporting:

Financial Pack:

Prepare and circulate the Monthly BU Financial Pack
Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
Flash Results:
Review the BU Flash Results and action variances
Review the BU/ Plant Flash Results and analyse variances

CAPEX & Fixed assets:

Consolidate & maintain the BU/Plant Capex Reports
Review CAPEX spend
Support useful life and residual value of Fixed Assets analysis

Costing:

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

Tooling:

Consolidate & maintain the BU/Plant Tooling Reports

Weekly Sales Report:

Review weekly sales reports

General:

Comply with IFRS

General Ledger:

Review Balance Sheet Account reconciliations
Review and authorise Journal entries

Audits and Year-End Processes:

Prepare the consolidated Audit plan
Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
Prepare reporting Accounting, Audit and Tax Packs
Facilitate completion of financial statements for Legal entities
Conduct a final Review and submit to Holding Company

Banking:

Release weekly bank transfers (creditors and wages)
Review and authorise Creditors payments

Cash Management:

Oversee cash management function of the BU.
Monitor daily cash positions and cash flows to ensure settlement and maximise performance
Manage cash flow and working capital

Debtors Management:

Oversee debtors function of the BU.
Facilitate and input into debtors management process
Review debtors age analysis, providing an analysis and action plans for debt collections

Creditors:

Oversee creditors function of the BU.
Facilitate and input into creditors management process
Review creditors age analysis and GRNI providing an analysis and action plans

Forex:

Manage Forex risk
Review Forex Forecasts

Statutory Returns:

Ensure compliance with the general tax provisions
Review Statutory Returns (VAT, PAYE, SDL, UIF, WCA) and ensure that they are submitted timeously
Support process of Provisional/Income Tax returns
Prepare and submit Government Incentive Applications

Insurance: