Posted time 26th June 2024 Location Durban, KwaZulu Natal Job type Full-time
  • Experience: 5 years financial management experience in manufacturing
  • Salary: R1.1 million negotiable

A well established manufacturing company based in Durban is looking for a Senior Financial Manager to direct the accounting functions of the company. Responsible for the formulation and maintenance of the company’s accounting and financial policies and practices. Liaises with all departments in the preparation of budgets and financial reports.


  • Participate as a member of the executive team.
  • Participate in the key decision- making of the business.
  • Keep abreast of critical issues in other departments.
  • performance management records.
  • Oversee Financial Accounting Department to ensure proper maintenance of all accounting systems and functions.
  • Ensure maintenance of appropriate controls and financial
  • Make decisions as final point of escalation for accounts payable and accounts receivable
  • Ensure all month end activities are in place including general ledger and control account
  • Perform final review before signing off of external audit.
  • Review preparation of Annual Financial Statements in accordance with company and
  • Oversee/review the monthly management reporting ensuring timeliness, accuracy and
  • Monitor financial performance by analysing results and implementing and facilitating corrective action to minimise impact of variance against
  • Ensure correct evaluation and reporting of all inventory in the
  • Implement and maintain the company job costing
  • Oversee the preparation of monthly costing reports,
  • Manage cash balance and cash
  • Oversee the cash flow plans and ensure the availability of funds as needed. Manage working capital requirements of business.
  • Develop, co-ordinate and monitor budgets for the entire business in its entirety.
  • Advise on the optimum financing options for the company to ensure that there is an optimum balance between employment of company capital and loan financing.
  • Ensure company complies with tax laws
  • Develop and maintain a capital
  • Track and report capital spend against budget.
  • Ensure process for capital expenditure is followed.
  • Manage and motivate all
  • Monitor staff performance to ensure good performance is acknowledged and poor performance corrected.
  • Facilitate skill acquisition and development
  • Provide financial analysis to assist with feasibility studies on future
  • Provide financial analysis to assist with feasibility on potential
  • Apply cost benefit analysis on capex proposals and advise on financial viability.

Minimum Qualifications and experience required.

  • Must be a qualified Chartered Accountant (CA(SA)
  • Bcom Honours in Accounting / Financial Accounting plus completed CTA 1 & 2
  • Minimum of 5 to 10 years post qualification with at least (3) years working in a financial management role in an automotive manufacturing environment.Used to working in a small to medium enterprise and able to successfully implement best practice financial systems in such an environment.
  • Strong costing experience in a manufacturing environment – preferably automotive.
  • Intermediate to advanced skills in MS Office and Accounting packages
  • Knowledge
    • Financial management
    • Cost accounting
    • Managing working capital requirements
    • Negotiating and drafting commercial contracts

If you meet the requirements and interested kindly submit your application to before 5 July 2024

This job is Expired