Job Description

overview

Our client in the FMCG sector is seeking to recruit a Finance Manager who will report to the Head of Finance. As a Finance Manager you will play a vital role in managing and optimising the revenue operations. You will be responsible for accurately recording and analysing all revenue streams, ensuring compliance with accounting standards and regulations, and providing insights to support strategic decision-making.

Responsibilities:

Establish and maintain an effective system for managing Debtors follow-up, IFRS provisioning, Insurance, and reconciliation to the General Ledger (GL) in Navision. This entails implementing robust internal control mechanisms, ensuring Debtors are appropriately insured, and aligning Expected Credit Loss (ECL) provisioning with International Financial Reporting Standards (IFRS) guidelines.
Oversees the execution of a reliable settlement protocol to precisely document any variances in cash and load amounts per salesman, rectifying shortages or excess amounts.
Daily scrutiny of the settlement process falls under the purview of the Finance Manager, who promptly communicates any noteworthy irregularities to the CFO/COO and Finance Manager.
Execute the BASIS interface to Navision and reconcile records, including VAT, and post relevant journals.
Establish and supervise revenue recognition policies to ensure adherence to pertinent accounting standards.
Scrutinise sales transactions to guarantee accurate revenue recognition and compliance with company policies.
Prepare Royalties payable of Revenue streams where applicable.
Conduct thorough analysis of revenue streams and provide insights to management for informed decision-making.
Monitor key performance indicators related to revenue and collaborate with cross-functional teams to drive financial improvements.
To prepare and maintain appropriate Dashboard and Reporting.
Lead the month-end close process for revenue-related accounts, ensuring timely and accurate financial reporting. (Including Royalties calculation).
Reconcile revenue accounts and prepare detailed journal entries.
Assist in both internal and external audits related to revenue recognition and financial reporting.
Maintain documentation to support audit trails and ensure compliance with regulatory requirements.
Identify and implement process improvements to enhance the efficiency and effectiveness of revenue accounting procedures.
Collaborate with cross-functional teams to streamline processes and reduce errors.
Monitor the activities of taxi lorries, validate the amounts payable to them, and ensure that there is no misuse or abusive use of taxi lorries.
Review/approve all benefits payable to Taxi lorries.
Monitor and assess the performance of in-house lorries, comparing metrics such as number of trips, commissions, and any discrepancies, with those of outsourced lorries.
Establish a system to track the movements of deposits on containers.
Investigate any anomalies observed, especially instances of over-refunded container deposits.
Implement a mechanism to release container deposits periodically, ensuring a systematic and controlled process.
Supervise the cashier team to uphold operational efficiency.
Implement and uphold proper procedures and internal controls for cash collection.
Ensure timely and accurate recording and reconciliation of cashiers' tills.
Develop and sustain a strong framework for periodic evaluation of Remise-Fin-D'année (RFA) and Trade deals, along with liability/provision calculations.
This involves implementing efficient procedures, internal controls, and oversight protocols to maintain precision, uniformity, and adherence to applicable accounting standards and regulations.
Continuously evaluate and revise the framework to incorporate alterations in business activities, regulatory mandates, and accounting standards.
Responsible for preparing accounts as well as financial statements, and for monitoring audit and tax-related affairs.
Coordinate and execute the end-to-end payroll process, including data entry, calculations, and disbursements.
Ensure accurate and timely processing of employee salaries, benefits, taxes, and other deductions.
Review and validate payroll data for correctness and compliance with company policies and legal requirements.
Stay informed about changes in tax laws, labour regulations, and other relevant legislation affecting payroll.
Ensure payroll operations comply with industry regulations.
Maintain accurate and up-to-date payroll records, including employee information, tax withholdings, and other deductions.
Generate and analyse payroll reports for management and finance teams.
Respond to employee inquiries related to payroll matters.
Communicate payroll-related policies and procedures to employees and management.
Coordinate with HR to ensure accurate administration of employee benefits related to payroll, such as health insurance, retirement plans, and other benefits.
Utilise payroll software and systems to streamline processes and enhance accuracy.
Collaborate with IT or external vendors to implement system upgrades or changes as needed.
Conduct regular audits of payroll records to identify and correct discrepancies.
Collaborate with internal and external auditors to facilitate audits and reviews.
Supervise and lead a team of payroll staffs, providing guidance and support.
Conduct training for staff on payroll processes and policies.