Durban Tel: 031 566 4257

Johannesburg Tel: 011 440 7117

Cape Town Tel: 021 794 7475

International Tel: 0027 87630 0325

Financial Manager – JRCA

Main job function

 

Role Purpose:

  • Responsible for commodity procurement financial reporting and compliance and corporate treasury functions of the business.
  • Primarily entails financial/statutory reporting, derivative accounting, cash flow and loan management, transactional treasury, cash forecasting and working capital functions.

Required Qualifications:

  • CA (SA)

Required Experience:

  • Minimum 4 years post-articles experience in a financial accounting and treasury environments

Required Knowledge:

  • Financial accounting and treasury principles and practices
  • Cash flow planning and execution
  • Highly numerate and able to analyse statistical information and interpret financial data to produce reports

Required Skills:

  • Derivative experience will be advantageous
  • Experience in technical financial accounting reporting, cash flow and working capital management
  • SAP FI experience preferable
  • Advance MS Excel
  • Ability to analyse large amounts of data
  • Attention to detail

Key Responsibilities:

  • Commodity Finance and Compliance
  • Compilation and preparation of monthly management packs for review.
  • Supervision of all General Ledger functions.
  • Providing commentary on the financial performance.
  • Ensuring compliance with IFRS 9 reporting standards and preparing relevant IFRS9 calculations.
  • Managing derivative allocations using Cognos.
  • Calculation and management of MEBIT pass back.
  • Handling mark-to-market calculations and tracking trades on CBOT.
  • Preparation of relevant financial statements notes.
  • Preparing sensitivity calculations for derivative instruments.
  • Facilitating both internal and external audit processes.
  • Serving as a super user for SAP, overseeing system functionality.
  • Managing of cash forecasting.
  • Handling reporting activities for intercompany transactions.
  • Managing and tracking currency trades, settlements, and calculating PNL.
  • Policy monitoring and amendments.
  • KPI tracking of commodity prices.
  • Profitability tracking of commodities.

Treasury

  • Oversight cash flows forecasting and cash utilization.
  • Reviewing and analysing regional cash flow forecasts.
  • Managing loans and ensuring compliance with limits.
  • Supervising day-to-day transactional banking activities.
  • Handling resolutions related to banking matters.
  • Overseeing the structure of banking operations.
  • Managing and maintaining banking accounts.
  • Handling leasing activities with WesBank.
  • Managing foreign exchange exposure, tracking deals, calculating profit and loss, and determining effective rates.
  • Facilitating both internal and external audit processes.
  • Managing AFS disclosure requirements.
  • Approving daily requirements related to creditors.
  • Quarterly forecasting: Preparing working capital forecast balances, calculating interest costs, and ensuring accuracy of loan/cash balances.
  • Providing commentary on actuals vs target vs quarterly forecast variances.
  • Updating and tracking weekly forecasts.
  • Monthly credit risk reporting.
  • Reconciliation of Rainbow customer account to statement, preparation of clearings and calculation of debtors days.
  • Tracking of debtors’ exposure and credit limits.
  • Identifying and addressing process inefficiencies relating to cash and working capital.
  • Monitoring of creditors days

Teamwork and Self- Management

  • Take ownership and accountability for tasks and activities and demonstrate effective self-management in terms of planning and prioritizing, and self-development.
  • Follow through to ensure that quality and productivity standards of work are consistently and accurately maintained.
  • Inform relevant parties in the event of tasks or deadlines not met, the potential risks thereof and provide appropriate resolution.
  • Support and drive the business core values.
  • Manage colleagues’ and client’s expectations and communicate appropriately.
  • Demonstrate willingness to help others and “go the extra mile” to meet team targets and objectives.
  • Champion training and development of self and others through utilizing available training opportunities.
  • Participate in and drive regular performance appraisals and ensure that own targets and goals are clear and achievable.

Staff Management

  • Lead and develop staff within the context of the Labour Relations Act, Employment Equity Act, Basic Conditions of Employment Act and the Skills Development Act.
  • Monitor staff performance and provide regular feedback.
  • Manage staff activities, ensuring service levels are met and protocols are adhered to.
  • Coach and support staff where necessary to achieve objectives.
  • Manage staff leave and general time management issues in line with organizational deliverables and standards.
  • Champion staff training and development through the utilization of available training opportunities or contributing to the
  • development of new training solutions in collaboration with national training specialists.
  • Conduct regular performance appraisals with subordinates.
  • Establish sound staff and labour organising and communication structures and systems.
  • Lead the team towards meeting the strategy and targets through regular communication and utilization of the full
  • organizational talent management tool set.
  • Conduct regular meetings and ensure that records are kept and shared across the team and that action plans agreed to within team meetings are delivered upon.

Remuneration

Up to R 1 000 000

Company Benefits

Pension, medical aid

A Consultant will be in touch if you are shortlisted for the position.  Please consider your application unsuccessful should you not have been contacted within 2 weeks.  We will keep your CV on our database and contact you should you match the criteria of any other vacancies.

To apply for this job email your details to Jenny@armstrongappointments.com