Assistant Financial Controller

Assistant Financial Controller Ignition Group 2023-08-14 Umhlanga Job Ref #: CB-DBN-3 Industry: Banking/Finance And Investment Job Type: Permanent Positions Available: 1 We believe that there is power in connection. By helping businesses better relate to people out in the world, we make interactions and engagement more meaningful.We're entrepreneurs. We identify opportunities, build new solutions and continually look for new ways to do business better. We also know our reputation is based on our results, so we focus on delivering tangible value every day. Job Description To ensure that the integrity of the General Ledger is maintained and that the financial information is complete, accurate and valid. Key Performance Areas · To manage the divisions month end, close off process in order to ensure deadlines are met and all capturing of the General Ledgers are complete. · To complete and reconcile the monthly balance sheet recons · To complete a variance analysis for the division of actual results versus budget and forecast · To review reports received by Internal audit and project manage the required changes to be implemented · Prepare monthly forecasts for division. · Assign, monitor and coordinate assignments (plan and organise work). · Determine training needs and identify training courses for direct reports. · Sign off all trial balance and financial accounts before report are sent to BU's. · Evaluate performance of professional staff (conduct performance appraisals). · Career development for direct reports (counselling, coaching, identify KPA's, career planning, goal setting). · Analyse and interpret financial data. · Ensure monthly payments are made timeously. Includes ensuring payments are made to suppliers based on requisitions. · Manage the company's fixed assets. Ensure assets are loaded onto the financial system correctly, and that they are depreciated correctly and can be physically verified from the system to the physical location. · Assess financial components (e.g. revenue, expense, operating income and expenses, net income, capex and cash flows) of all Departments. Identify financial impact on overall profit, and communicate risks and recommendations to executive management for each Department. · Perform any other related duties as requested ATTRIBUTES AND COMPENTENCIES · Reporting skills · Budgeting skills · Analytical Skills · Pastel Evolution · Financial Analysis · Management Skills · Direct Budget and Cost Control · Accounting practices and reports · Preparation of annual financial statements data · Excellent Written and Verbal communication skills · Preparation of annual budgets and monthly forecasts · Preparation of current and deferred tax complications Reporting Structure Reports to Financial Controller Work direction / advice for non-subordinate company and/or contractor staff: · Financial Controller · Head of Finance Liaison with Internal · Colleagues · Internal Auditors · Group Services Departments for example Human Resources Department , Distribution Department, IT Department, Marketing Department, Customer Care, Call Centre Department · Business Unit Managers External · Service Providers · Financial institutions (banks) · External Auditors · Suppliers · Customers Type of Supervision Given The volume and variety of work is such that it is not possible for the supervisor to check all that is done. Instructions received by the incumbent relate to the general work that needs to be done, and the incumbent determines work methods from several existing alternative methods according to established policies and professional standards. Works according to set guidelines. Efforts are co-ordinated by the Supervisor to enable the achievement of the department's objectives. The incumbent keeps the supervisor informed of work progress, and supervision is restricted to and spot-checks, internal control procedures and review of reconciliations. · On completion of the work, the supervisor provides review and direction. Independence of Operation - Extent of check and supervision required Work assignments are subject to general review after completion. The incumbent is skilled at this level, and completes the work on his/her own, developing work methods according to general directives, policies and specialised professional standards. Consequences of Actions/ Decisions Actions or decisions may result in moderate damage, saving or loss of time, affecting the wider work environment. Mistakes will be detected on completion of an assignment, when work is checked for quality and quantity. Will cost time and money to correct. Pressure of Work High amount of pressure. · On occasions, may have to make immediate minor decisions without reference to a supervisor Job Requirements Educational Requirements · B Comm · B Comm Honours · CA (SA)-Optional depending on experience Experience · 2 year plus commercial experience as a financial accountant · Article experience · Pastel experience · TM1 - preferable · Advanced excel and Word Special Skills Reporting skills: Preparing monthly / other reports Interpersonal skills: · Relates well to all kinds of people. · Builds appropriate rapport. · Builds constructive and effective relationships. · Uses diplomacy and tact. · Can diffuse even high-tension situations comfortably Written communications: · Is able to write clearly in a number of different communication settings and styles. · Can get messages across that have the desired effect Analytic skills : · Assess data, Make conclusions. · Capable of drawing strategic conclusions out of quantitative data Communication skills: · Is able to communicate clearly. · Can get messages across that have the desired effect Accuracy • Attention to detail Computer skills: • MS Office, spreadsheets