Assistant Financial Manager Power Fashion
Mr Price Group · Durban, KwaZulu-Natal
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Start free — we apply for you →Job Description Power Fashion is looking for an Assistant Finance Manager
- The Purpose of this Assistant Finance Manager role is to assist with the day-to-day functioning & management of the finance team resulting in timely and accurate monthly, half-year & year-end financial results, ensuring strong financial controls and compliance with relevant policies and regulations
Responsibilities Reporting
- Assist in compilation and submission of reports weekly, monthly, at half year and year-end and annually e.g. Group financial reporting pack - GMB, PF management report, board pack, half year & year-end financial packs, annual budget packs, 5 year financial model, RLC, general ledger, trial balance etc..
- Review and reconcile general ledger accounts and ensure accounting records are accurate and complete
- Assist with month-end and year-end close processes
- Prepare and review balance sheet reconciliations
Internal / External Audit
- Ensure that the finance team complies with all internal / external audit requirements. This includes preparing working papers at half year & year-end as well as attending any necessary meetings.
- Maintain and strengthen internal financial controls and procedures
- Laise with internal and external audit and provide requested information
Payments
- Approve and release payments in order to ensure all invoices are paid timeously. This includes suppliers, monthly salaries, monthly & annual incentives, ad hoc payments.
Analysis
- Use business insights and provide sales & cost centre analysis against budget & forecast in order to provide feedback & / or recommendations
General administration
- Effective control of all costs, cashflow management and other finance efficiencies e.g. monthly forecasting, credit card expenditure, annual insurance renewals & vehicle fleet costs in order to maintain the businesses general administration. Submission of VAT & Tax returns for foreign entities.
- Update the monthly financial model by country including income statement, balance sheet & cashflow including sign off of monthly balance sheet and general ledger.
- Processing of month end journals.
- Assist the Financial Manager in managing and developing the finance team
- Review work performed by finance team members and provide guidance where required
- Identify opportunities to improve financial processes and efficiencies
- Assist with financial projects, system improvements and ad hoc analysis
Qualifications
- CIMA or CA SA
- 2+ years of post-articles/ financial accounting experience
- Retail experience is essential
- Experience with Accounting, Financial planning and budgeting, Process knowledge, People management, Advanced MS Office, and Analytical ability
Key Competencies
- Strong attention to detail and accuracy
- Analytical and problem-solving skills
- Good organisational and time-management skills
- Ability to work independently and within a team environment
- Ability to work under pressure and meet deadlines
- Strong communication and interpersonal skills
- High level of integrity and confidentiality
- Proactive approach to identifying issues and solutions