Financial Manager
Role
Financial Manager
Location
CBD, Cape Town
Industry
Hospitality
Salary
R70k / month
Our client, in the hospitality industry based in the CBD, is seeking a Financial Manager with proven leadership qualities, to join their Finance team.
The main purpose of this role is to be responsible for the full accounting and financial function of the hospitality group, ensuring the integrity, accuracy, and compliance of financial reporting.
Key Responsibilities
Managing and maintaining the accounting records
Monthly preparation of the management accounts and executive summary, detailing variances against prior year and budget.
Submission of monthly management pack to HO.
Processing of all relevant monthly journal entries
Process and reconcile all other bank account/s.
Reconciling & processing of monthly payroll
Reviewing of monthly VAT including of submission of VAT201 for Group Financial Controllers approval.
Together with cost control team and respective HOD’s, ensure proper procedures and controls for purchasing, receiving, stores and requisitioning in line with B-BBEE regulations
Maintaining fixed asset register and purchases
Preparation of the annual budget
Maintaining the debtors and suppliers age analysis
Reviewing and authorising weekly & monthly payments for submission to head office.
Co-ordinate with external auditors over the year end audit
Oversee the financial performance and management of the company's various business units
Conduct and participate in monthly feedback meeting
Lead and mentor the finance team
Requirements
Minimum 5 years of financial management experience, with at least 2 years in the hospitality industry
Bachelor’s Degree in Finance, Accounting, or a related field (essential)
Completed SAICA/SAIPA/CIMA articles or equivalent (preferred)
Proficient on SAGE Evolution and advanced Excel.
Opera and Micros knowledge will be advantageous
Excellent understanding of financial reporting standards (IAS, IFRS)
Analytical acumen
Ability to work in a pressurized environment with deadlines
Good planning skills and organisation abilities.