Finance Controller at Tower Group December, 2023

Description

Financial Controller

Requirements:

• Grade 12
• Bcom (Accounting) / Hons, CA(SA) or CIMA advantage Computer Literacy:
• MS Office (Excel, Word, PowerPoint, Outlook)
• Produce spreadsheets using accounting related information technology (Advanced Excel) Experiential:
• Minimum 5 years’ experience in a similar role
• Key Performance Areas: Associated Tasks 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 on the BU/ Plant Flash Results and analyse variances (Budget / Forecast / Prior year).
• 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, implementation and roll out to plants.
• Maintain subsystem balancing and resolve variances.

Internal Control:

• Design, document and implement Internal Controls.
• Maintain and Review the Risk Register.
• Ensure compliance with Internal Controls within the BU.
• Review and consolidation of management representation letters, followed with closeout action plan

Budgets:

• Prepare the consolidated Budget process and timing plan
• Review Operational budgets
• Co-ordinate and consolidate all budgets and future plans for the BU
• Forecasts and Flash
• Prepare the consolidated forecast process and timing plan.
• Co-ordinate and consolidate all forecasts.
• Review all forecasts.
• Review the BU/ Plant Flash Results and analyse variances.

Financial Pack:

• Prepare and circulate the Monthly BU Financial Pack
• Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
• CAPEX & Fixed assets:
• Consolidate & maintain the BU/Plant Capex Reports
• Review CAPEX spend
• Support useful life and residual value of Fixed Assets analysis.
• Review and approve CAPEX additions, transfers an impairment at BU level.
• Maintain IFRS16 Lease Management system.

Tooling:

• Consolidate & maintain the BU/Plant Tooling Reports
• Weekly Sales Report:
• Review Weekly Sales Reports

General Ledger:

• Review Balance Sheet Account reconciliations and ensure closeout of actions identified.
• Review and authorise Journal entries.
• Comply with IFRS.
• 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 and Working Capital Management:
• Oversee cash management function of the BU.
• Monitor daily cash positions and cash flows to ensure settlement and maximise performance.
• Manage and plan cash flow, driving action items to ensure cash position in line with target.
• Manage working capital within the BU.
• Calculate BU working capital for month-end closing and analyse variances to actual performance.

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.
• Review quarterly price updates on customers.
• 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.
• Ensure compliance with SARB requirements.

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:

• Review and submit Insurance Declarations
• File claims for losses
• Continuous Improvement:
• Identify improvement opportunities and make recommendations for improvements Staff Management:
• Manage the Trim BU Head Office team, consisting of the debtors, creditors and cashbook function.
• Build relations, support and align the plant finance teams in each of the locations Trim operates from.