Financial Manager - Must Have Beauty Knowledge and Experience

Financial Manager - Must have beauty exp.

Financial Manager - Sandton area, are you looking for a new challenge working for a company owning various salons. Our client is looking for a motivated, highly organized and detail-oriented Financial Manager to join their team. As the Financial Manager you will be responsible for managing the financial ledgers, accounts receivable, accounts payable, payroll, attendance, employee retention and other financial tasks to ensure the company's profitability.

You will work closely with the Company team to develop specialized knowledge and create custom procedures to meet the accounting needs of the business. Key Responsibilities : Full function accounting of financial ledgers to ensure accuracy and profitability. Salaries, contracts, preparing budgets, valuations, inventory management, statutory returns and reporting, employee performance evaluations, CCMA representation, labour law implementation, human resources, SARS processing and reporting. Secretarial duties in liaising and contracting between employees, consultants, bankers, landlords, suppliers, insurers and auditors. Comprehensive management of Director’s personal and business financial matters Accounts Receivable: Maintain records of credits paid to or owed to the company

Prepare invoices and statements for customers

Track overdue notices and send payment reminders

General Ledger reconciliations

Reconcile sales on POS system Accounts Payable: Utilize and analyse reports from POS system

Track and oversee cash drawers and check to reconcile sales reports

Direct money deposits and rectify credit card transactions

Manage balances and monitor accounts

Submit Turnovers to landlords by the 7th of each month

Calculate and process SARS VAT,

PAYE

payments Payroll: Calculate employee salaries and hours for 100+ employees

Determine salary amounts and keep tax withholding records

Issue payslips and maintain payment records

Calculate & process PAYE payments Attendance And Time Clocking: Monitor and track employee attendance and time clocking records

Ensure accuracy and completeness of employee time sheets

Reconcile time clocking records with payroll data

Identify and address any discrepancies or issues related to attendance and time clocking

Develop and maintain electronic balance sheets to monitor cash flow and profit

Manage Director’s personal and business financial interests

Create and implement systems for communicating with employees and vendors

Set up commission structures for staff

Utilize POS system to generate operating reports and analyse financial data

Computer Literacy

Sage Accounting

Pastel Payroll/VIP

Sage Pastel/

MS Office

Excel

Windows

MS Word Requirements: BCEA & Labour Law- In and Outs

Leave & Absenteeism

Taxation Updates

Companies Act

SARS efiling

VAT

PAYE

Strong accounting and financial management skills

Proficiency in Sage/Pastel software for financial management

Excellent organizational and communication skills

Ability to work independently and as part of a team

Attention to detail and ability to maintain accurate records

Experience with time clocking systems and attendance tracking

Must have own reliable transport

Salary: Rbasic - negotiable on experience