Finance Manager

Job description / Role

Financial Management and Accounting

• Ensure timely and accurate maintenance of general ledger accounts and financial statements in accordance with IFRS.
• Ensure proper closing of accounts within the time target specified with due adherence to all accounting/statutory requirements and financial standards of the Company
• Ensure monthly & quarterly financial closure including balance sheet and P / L preparation and reconciliations
• Develop and maintain financial accounting systems for cash management, accounts payable and petty cash
• Responsible for appropriate management of all payables, verification of bills / payments against bills, payroll processing etc.
• Monthly Management Reporting – P&L , BS, Cash Flow, Receivables, Inventory
• Annual Budgeting & Reforecasting
• Inventory Management
• Import Procedure & Duty Payments.
• Regular Coordination with the Customer/ Vendor Accounts Team.
• Compiling of all the Sales Data from the sales Team/customers for Distribution + Ecommerce + Retail Business & follow up with the sales team on the receivables.

Compliance & Audit

• Ensure compliance to relevant Company’s OOH business related statutory requirements and applicable Accounting Standards
• Ensure regular audits on systems, accounts, and operations
• Overseeing audit finding of internal auditor and recommend improvements
• VAT and Income Tax compliances in books of accounts
• Team Handling ability & motivate & train them at regular interval.


Reports to make

• Reports for management as and when required.

Requirements

Technical knowledge

• Knowledge of MS Office including Excel, Word, and Power point.
• Preferred candidate shall have experience with Microsoft Navision.
• Knowledge of appropriate accounting and financial software packages.
• Familiarity with Generally Accepted Accounting Principles (GAAP), IFRS, treasury workstation and technology experience.

Educational Qualification:

• Bachelor’s degree in finance or accounting required
• CPA/CTP preferred
• FP&A certification preferred.

Previous Experience:

• 3-5 years of relevant treasury or corporate finance experience with emphasis in budgeting, forecasting, cash flow analysis, M&A activity
• 2 years of supervisory experience.

Prior Knowledge and Skills:

• Strong economics or accounting background
• Good working knowledge of the finance & accounting functions in Fashion retail industry.
• Knowledge of capital markets, accounting, and business finance.
• Ability to manage various accounting activities including preparation of reports for management, liaising with SARS, Government authority, Financial institute, Customers, Supplier, other legal entity, and business partners.
• Successfully standardize and manage the accounting and maintain uniform accounting policies applying IFRS, should also have knowledge of RSA tax structure (income tax, Vat and other import/export duties).
• Knowledge of word processing, spreadsheet, accounting, inventory, and payroll systems
• Ability to collaborate with team members and drive results.
• Ability to interpret an extensive variety of laws and regulations.
• Strong verbal and written communication skills.

About the Company

Brand Folio LLC is the regional distributor for a leading sports brand in the Middle East, Africa and CIS.