Financial Controller

Our client, a leader in the automotive industry is seeking an experienced Financial Controller to join their team based in Durban.

MINIMUM REQUIRREMENTS

Grade 12

National Diploma or Bachelor of Commerce in Financial Accounting or related qualification

Bachelor of Commerce (Accounting), CA(SA) or CIMA advantage

Minimum 5 years’ experience in a similar role.

MAIN JOB FUNCTIONS

Provide financial analysis and support to management and all operational areas of the business

Monitor and support debtors and creditors

Maintenance of the fixed asset register

Control intercompany balancing

Review weekly payroll

Review and action financial variances (Budget / Forecast)

Review and action Balance Sheet Account variances

Ensure compliance with IFRS

Maintain the plant CAPEX & Tooling Reports

Generate information and reports for internal and external use

Comply with Internal Controls

Maintain and Review the Risk Register

Participate in the budget/forecast process

Prepare budgets and forecasts for plants

Prepare plant P/L and balance sheet forecasts

Prepare financial reports and returns (Monthly BU/Plant Financial Pack)

Compile the BU/ Plant Flash Results and analyse variances

Compile and review Weekly Sales Reports

Prepare Provisions and Accruals

Compile Royalties schedule for month end processing

Prepare general ledger journals

Compile general ledger reconciliations

Prepare & maintain a CAPEX and Tooling register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.

Prepare CAPEX requisitions with all relevant information regarding the CAPEX project.

Support useful life and residual value of Fixed Assets analysis

Maintain the BU/Plant Tooling Reports

Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan

Prepare and arrange royalty audits

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

Compile daily stock holding report

Oversee Stock Takes

Assist with investigating stock count variances

Overall responsibility for stock

Oversee cash management function of the plant

Monitor daily cash positions and cash flows to ensure settlement and maximise performance

Manage cash flow and working capital for the plant

Review Forex Forecasts

Plant FEC contracts based on AP requirements

Identify improvement opportunities and make recommendations for improvements

Participate in Continuous Improvement initiatives

Prepare financial reports and returns

Generate information and reports for internal and external use

Ensure an enabling climate/culture.

Ensure a safe, secure and legal working environment.

Manage individual, team and departmental performance to achieve organisational objectives.

Determine the training needs of the Department.

Coach and counsel people to ensure improved performance levels

Ensure discipline is maintained in department (absenteeism, lateness, overtime, misconduct, etc.)

Resolve grievances and disputes

Identify potential hazards and critical safety issues in the workplace

Address workplace hazards and risks

Work safely and use safety equipment