Finance Manager
Standard Aero
Total years of experience :25 years, 0 Months
• Assist with the review and authorisation all journal entries, staff expense claims, non-inventory
purchase requisitions and invoices for proper account coding, and adhering to budget requirements.
• Maintenance of the general ledger by continual review and update.
• Troubleshooting Oracle accounting programs and submitting MIS requests when necessary.
• Process and review material claim notices and supplier credits.
• Supervise the monthly close-off process and complete the posting of Inventory and WIP to the accounting system.
• Preparation of standard monthly journal entries and all balance sheet reconciliations.
• Ensure timely submission of all the monthly and quarterly reports required by Corporate Head Office.
• Monthly filing of Vat and other statistical reports as required.
• Assisting Auditors/Tax Practitioners with bi-annual Tax submissions.
• Preparation of year-end audit working papers.
• Preparation of the annual budget allowing time for management review and discussion.
• Reviewing bank balances as well as all cash inflows and outflows.
• Assisting accounting staff with petty cash handling.
• Approve Wire Transfers and Vendor Payments ensuring all payments are as per company commitments.
• Maintain external relations with auditors and the Corporate Head Office.
• Ensuring that all financial records conform to a consistently high standard of quality and presentation.
•Executed and coordinated finalization of Annual Financial Statements for abovementioned company, for three outstanding reporting periods.
•Appointed to complete the statutory accounts for the individual entity as well as the consolidated company.
•Completion of disclosure notes, processing of tax entries and reconciliation of statements of financial position, comprehensive income and cash flows.
•Managed the year-end audit by providing the auditors with reconciliations, supporting documents and explanations to ensure complete and accurate reporting.
•Facilitated the relationships between the auditors Deloitte, tax advisors and preparers PWC, and Grant Thornton who were responsible in drafting the Financials.
•Ensured completion of tax schedules for submission of the tax pack to PWC. Attending to queries/explanations as and when they arose.
• Working with PWC on the Provisional Tax completion for the legal entity
• Various OTC (Order to Cash) activities and queries, including but not limited to dispute resolutions and credit management.
• Various FA&R (Financial Accounting & Reporting) activities and queries, including but not limited to BS reconciling resolutions.
• Resolution of all VAT queries, SARS Audit assessments and IT14 SD queries.
•Analyzing and compiling variances for 14 African countries from Monthly Financial Packs, and forwarding to country requesting explanations/ comments.
•Submit re-forecast to Regional Finance monthly to ensure variances from plan numbers are kept to a minimum.
•Chairing and coordinating Financial Review calls at month end to discuss monthly performance, significant variances and to highlight any possible issues.
•Monthly discussions with Financial Control providing explanations and substantiations for variances relating to the Corporate Realty Division.
•Lead the Annual Budget Process by compiling and obtaining input from the Cluster Business Units.
•Ensuring that all Budget information is accurate and complete before submission to the Region.
•Preparation of budget decks and analysis packs for discussion with Cluster CEO and Regional Finance.
•Flash Reporting at month end to Regional Finance for all variances relating to the African Business Units.
•Reconciliation of all Balance Sheet Accounts to supporting documents and submission to Finance.
•Completion of monthly control testing ensuring compliance with all Corporate Realty policies and procedures.
•Conducting financial review for all construction and lease renewal projects for Africa, by tracking costs ensuring that projects are within budget.
•Attending to and assisting Regional Office with adhoc projects/requests relating to Africa.
•Production of monthly and quarterly US financial and management reports required for the country
•Implementation of any new financial or management reporting requirements
•Daily routine tasks such as booking of expense related entries(Inter-company, Market Value Adjustments, Monthly Expense allocations etc)
•Managed the Month end process, working closely with Financial Reporting Regional Centers, to ensure timely and accurate close process
Control of Fixed Assets register for preparation of monthly fixed assets reports to Group, ensuring compliance with relevant IAS statements.
Discuss and liaise with the respective project managers on all capital projects in progress, ensuring that all costs are allocated and capitalized correctly and timeously.
Preparation of monthly status report on Capital Expenditure projects.
Preparation and completion of all adjustment accounts when properties are sold.
Assist Group tax with capital gains tax calculations for sold properties.
Ensure that adequate insurance cover is in place to cover all Standard Bank Owned Buildings and buildings owned in various legal entities.
Involved in the Year End Financial Audit by ensuring that all year-end adjustments have been captured, reports agree to financials, preparation of audit packs and assisting the auditors with appropriate explanations ensuring that the Audit is executed efficiently.
Completion and capturing of all IAS 16 (Property, Plant and Equipment) and IAS 17(Straight Lining of Leases) Year-end adjustments.
Managed and reviewed the budget process for the Standard Bank portfolio of Buildings.
Monthly reporting on Standard Bank Investment properties as well as loans advanced to other legal entities.
Managing the creditors and debtors department within the Investment division.
Preparation of the monthly management accounts of the Integrated Residential Development Division within Properties. This includes preparing and posting journals, analyzing General Ledger accounts, completing reconciliations and agreeing intercompany balances on all loan accounts.
Ensuring and reviewing the standard monthly performance templates received from country and submitted to Regional Aggregations Team on a timely basis.
Attending to Ad Hoc Group requests, e.g. capital planning, operating lease commitments and dividend payments that are generated from African Business Units.
Assisting in month end processing of data received from business units.
Performing User Acceptance Testing prior to implementation of SAP.
Manage data input process by processing journal adjustments including Economics Transfer Arrangement and statutory adjustments within the set deadlines.
Maintaining the integrity of the accounts that has been interfaced from Brains\[front end system\] to SAP by ensuring that the appropriate general ledger accounts have been mapped correctly.
Updating the mapping tables regularly and clearing items which are in suspense by posting to the correct General Ledger Accounts.
Ensuring correct treatment on internal transactions for Group Reporting purposes.
Investigate and facilitate in the resolution of mismatches in accordance with inter-company transaction policies and procedures.
Responsible for the production and analysis of all management information for the related business units across the cluster.
Maintain the integrity of trading partners with SAP Hierarchy and maintain elimination database and intranet site.
Prepare the firm’s financial statements for the implementation of CASEWARE software to effectively manage the full financial function.
Assigned to prepare monthly management accounts for Thint Holdings SA \[Pty\] Ltd for the submission to their Head Office in France.
Introduced effective planning procedures to successfully achieve audit objectives, thereby reducing time spent on audit projects as well as minimizing assignments expenditure.
Successfully lead several audits projects for major manufacturing, property, financial and investment organizations.
Staff Management.
Selecting suitable applicants for vacancies.
Working towards and meeting deadlines set by Head Office with regards to staff overtime and leave applications.
Responsible for loading of cash and balancing of all ATM machines in the Centurion Mall.
Assisting in the interview process for suitable applicants.
Completed Bachelor of Accounting Sciences at the largest correspondence University in the World, UNISA. My majors were Accounting and Auditing and I completed my articles simultaneously with an Accounting and Auditing Company in Johannesburg.