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Title:

Finance Manager- Durban - Banking

Max Salary: R60000
Description: Reporting to the Chief Financial Officer (CFO), the successful candidate’s responsibilities will be to: Implement the Finance Divisions Strategy in accordance with best practice. Ensure all financial accounting functions are performed, evaluate overall effectiveness, and make improvements where required. Manage a staff complement of five. Ensuring the daily review of bank reconciliations and month end general ledger reconciliations including fixed assets, prepayments, VAT, Income Tax and centralised creditor payments and accruals. Produce monthly management accounts and conduct monthly variance analysis identifying revenue and cost optimisation opportunities Continually evaluate accounting standards (IFRS & SWISS GAAP) and legislative requirements (VAT, TAX, SARB Regulations). Identify potential impact and make recommendations to mitigate risk. Review monthly Group Reporting Pack and ensure submission within deadline. Advise the CFO on key costs, profitability and cash flow metrics. Prepare the annual financial budget for the bank ensuring input from Senior Executives. Review Assets and Liabilities Committee pack and advise ALCO on Regulatory developments. Review year end audit pack and Annual Report, ensuring achievement of deadlines. Review monthly Banks Act Returns to SARB ensuring accuracy of information and compliance with Regulatory principles prior to CFO sign off. Manage relationship between external auditors and internal auditors and ensure all deliverables are timeously prepared. Attend to ad-hoc requests and providing assistance in other areas of the business including special projects.
 
General Requirements: Appropriate qualification – CA (SA). Big 4 articles preferred. Two to five years post articles experience at a manager level. Knowledge of computerized systems, specifically an advanced knowledge of spreadsheets and financial systems. Knowledge of BASEL III, IFRS, Banks Act, National Credit Act and other Regulations impacting banks. Well-developed report writing, communication, presentation and negotiation skills. Computer literacy, preferably in Microsoft Office Suite at intermediate level. Ability to communicate effectively at all levels. People management skills. Highest level of professionalism, integrity and judgment. Strong attention to detail and ability to work under pressure to achieve deadlines. Must be a team player and self-motivated Ability to function in a high performance environment
Location Durban    
Consultant: Jennifer Share This Job