Senior Finance Manager
Imperial logistics a Dp World company
مجموع سنوات الخبرة :9 years, 5 أشهر
• Oversight of Finance department
• Overall in charge of Forecast and Budget process
• General Ledger maintenance and month end close
• Balance sheet review of recons and month end files
• Flash and month end reporting on Hyperion
• Maintaining working capital within Budgeted parameters
• Internal and external audit liaising with auditors
• BEE alignment on subcontractors and procurement
• Staff training and retention of talent
• Administration of payroll
• Maintenance of bank accounts and daily cashflows with Head Office Treasury department
• Maintenance of Fixed Asset Register
• Responsible for improving bottom line profit by implementing cost reduction initiatives
• Performing ROIC calculations for capex requests
• Performing ad hoc assessments and calculations in relation to business decisions e.g. NPV of project; IRR etc.to assist with strategic decisions
• Preparations of Budgets and Forecasts
• Monthly Profit Flash - preparation and presentation which includes preparation and analysis of monthly financial results and responding to queries raised
• Revenue reconciliation from Solo plan to Accpac
• Asset reconciliation to Fixed Asset Register
• Cost analysis and cost reduction in line with budget
• Management of the finance team
• Assessing control environment and implementing controls to reduce risks identified
• Authorization of payments
• Debtors and creditors reconciliations
• Reconciliation of stock balances on Trial Balance
• Updating Variance report per customer per board and agreeing to Accpac monthly
• Month end closure - Assessing Reasonability of Income and Expenses based on Flash Reports prepared during the month and ensuring all line items on the Income Statement is represented correctly
• Perform all adjusting journal errors relating to month end
• CVP Analysis - Calculating break even points and Margin of safety
• Drafting of Standard Operating Procedures and ensuring compliance with IFRS
• Assisting with requests from internal and external auditors
• Training and development of junior staff members
• Systems and procedures in place to manage and reduce costs and improve bottom line profitability
• Preparation of monthly and quarterly management accounts for board and investor stakeholders, through collation of divisional financial reports, including key performance and credit metrics together with relevant and concise analysis and conclusions
• Involved in a project, together with Group: Head of Finance, to automate the management reporting pack to ensure accuracy of the reports and reduce the time taken to prepare them
• Calculate key financial ratios for group
• Manage the full covenant reporting process which includes the preparation of quarterly Group and Holding company management accounts in accordance with IFRS
• Preparation of the quarterly IAS 34 interim consolidated financial statements in accordance with IFRS
• Management of the group’s financial reporting master data and liaison with the relevant IT support team to ensure the efficient functioning of the finance data warehouse
• Review completeness and accuracy of accounting of holding companies and consolidation entries
• Responsible for all accounting aspects of the Group central services department, including the review of monthly results and reconciliations and preparation of the VAT return/income tax workings
• Supervisory review of relevant accounting processes to promote segregation of duties and review at Divisional level
• Collating the consolidated 3 year budget/forecast for the group
• Review and update policies and procedures within responsible area
• Member of the Finance Exco, Group Central Services Exco, Tax Exco (by invitation)
• Assisting with the year-end external and internal audit process
• Assistance with various ad hoc requests
• Second in charge to Finance Manager
• Management of the finance team
• Preparation of annual financial statements for group trading companies, property companies and trusts in accordance with IFRS
• Compiling of audit working paper files and liaising with auditors to resolve audit queries timeously
• Implementation of processes and monitoring adherence to internal controls
• Preparation of monthly management accounts for group trading and property companies (over 25 companies)
• Preparation of provisional tax calculations and submissions to SARS
• Review of VAT for trading and property companies and submissions to SARS
• Attending to VAT verifications and liaising with SARS
• Tax computations for companies, individuals and trusts
• Calculation and submission of CIPC annual returns
• Management of the fixed asset registers
• Administration of company insurance
• Reconciliation of creditors accounts to the creditors ledger
• Review of payment packs before submission to Finance Manager for authorization and payment
• Review of petty cash for Head Office and the branches to ensure that proper controls over petty cash
• Recalculation and review of VAT; agreeing to the VAT 201 for all companies within the group
• Audit verification of payroll before payment is made for all companies within the group Balancing stock, especially high value sales items, to the stock as per the system
• Monitoring of Debtors department i.e. ensuring that customers are making payments within agreed credit terms, review of debtors age analysis for long outstanding debtors and follow up with debtors clerks on action taken, ensuring debtors statements are issued timeously, audit verification of completeness of revenue
• Monitoring of Creditors department i.e. monitoring adherence to policies and procedures; ensuring that payments are made timeously; review of the creditors age analysis and follow up with the Creditors department for anomalies noted
• Reviewing bank reconciliations across the group
• Audit verification of the bank and cash function of the company
• Audit verification of the petty cash function of the company
• System descriptions and walkthroughs
• Process review and recommendations to management regarding improvements to the process
• Escalating findings noted timeously to management with suitable recommendations and corrective actions
• Training and supervision of junior staff
• Drafting audit programs and procedures to address risk relevant to the entity
• Ensuring compliance with legislation Reporting at OPSCO and FINCO meetings
• Drafting annual financial statements
• External audits (planning, execution and finalization) - Transnet, Eskom
• Internal audits (Municipalities)
• Mentoring and supervision of junior staff
• Supervising audit teams and ensuring deliverables were met within the stipulated timeframes
• Client liaison and maintaining client relationships
• Developing of audit programs and test procedures relevant to risk of the entity
• Review of working papers and CaseWare file