Finance Assistant

SUMMARY:
To compile and provide accurate and timeous Financial information to Plant Management in order to make informed business decisions. Company based in Linbro Park.

POSITION INFO:

Requirements:

• BCom / Diploma in Financial Accounting
• Minimum 2 years’ experience in Finance / accounting role

Financial Strategy:

• Participate in organisational strategy management from a financial management perspective.

General Financial:

• Provide Financial analysis and support to management and all operational areas of the business.
• Maintain and update accounting system (ERP: BPCS)
• Ensure compliance with internal control

Budget / Forecast:

• Assist with preparation Operational budget and load budget on the system
• Assist with preparation of Operational forecast on the system.

Financial reporting & General Ledger:

• Prepare financial reports and returns.
• Analyse and interpret finance reports and statistical data.
• Generate information and report for internal and external use.
• Investigate and action financial variances (budget/forecast).
• Compile the weekly BU flash result and analyse variances.
• Consolidate the compile the BU capex reports.
• Compile weekly sales reports.
• Compile balance sheet account reconciliation.
• Investigate and action balance sheet account variances.
• Prepare and post Journal entries.

 Audits and Financial Period – End processes:

• Assist with preparations of the year-end statutory audit (External and Internal) in line with the consolidates audit plan.
• Prepare ledge balance and an initial balance including all reconciliations, balance sheet accounts and support documentation.
• Prepare year-end reporting Accounting and Tax packs
• Follow up and action Audit finding.

 Cost Accounting:

• Prepare and review details product costing analysis for all new parts
• Analysis all current parts and make recommendations for the financial recovery on distressed parts.
• Calculate and propose potential price increases
• Review GP percentage of individual BOM’s and identify distress parts
• Ensure that the routings reflect the time standards and delete obsolete routings
• Investigate Purchase price variances (PPV)
• Identify improvement opportunity and make recommendation for improvement
• Participate in continuous improvement initiatives.

Creditors, Banking & Cash management:

• Verify weekly transfer (Creditor and wages)
• Review and authorise creditors reconciliations, exception reports and payment
• Approval of payment on the banking system

 Debtors:

• Maintain and update the tolling account and reconciliation
• Review and analyse the debtors age analysis, ensuring timely payments from customer.

 CAPEX & Fixed assets:

• Calculate ROI on proposed CAPEX
• Complete CAPEX/disposal / transfer applications
• Monitor and report CAPEX monthly spend vs budget
• Maintain and update the foxed assets register (issues Asset No’s etc.)

 Statutory Returns:

• Prepare business tax returns (VAT, UIF, PAYE, WCA)
• Comply with value -added tax administration
• Review statistics returns.

 Stock Control:

• Monitor and review holding
• Oversee stock takes
• Analyses and investigate stock count variances
• Maintain the integrity of the stock Sub system.

SHE:

• Identify potential hazards and critical safety issues in the workplace
• Address workplace hazards and risks
• Work safely and use safety equipment