Company Profile
An opportunity has become available for a Factory Finance Manager to join our Snackworks Rosslyn team. This role requires a hands-on approach, from an individual who can challenge and debate issues with a multi-disciplined team and develop an understanding of the business to aid performance and drive efficiency.
Duties and Responsibilities
Financial ControlsManage and monitor company accounting procedures and policies, and internal controls, according to internal standards. Implement and communicate Corporate Governance charter / sound accounting practices to management on site. Consolidate budgets, plans and forecasts for site with adherence to strict deadlines. Manage expenditure in relation to approved budgets. Analyse and report to local management and head office all operational variances from budget on expenditure items also highlighting priorities to support improvement. Monthly maintenance of general ledger, and authorise timeous adjustments wherever necessary. Address any queries with accounts payable on request. Ensure month-end procedures are adhered to according to predetermined deadlines.Working capital management and reporting.Review of IT authorisation/access controls and release strategies.Assist with completion of annual insurance declaration.
Financial ReportingPrepare detailed and insightful monthly management accounts covering the performance of the factory. This will include providing monthly feedback to Exec’s in the factory operational review.Report on Income Statement variances and provide necessary commentary.Review General Ledger transactions and report on budget vs. actual. Report on irregular variances that have been investigated. Report on site performance measurements.Provide financial input on Ad hoc project work and, where applicable, take ownership of delivery of project.
Asset ManagementMonthly maintenance, verification and reporting on fixed asset register. Prepare, submit and track Capex workflows for the acquisition, transfer or disposal of fixed assets. Conduct regular audits on fixed assets to ensure accuracy of fixed assets register.
Capital ExpenditureAssist with compilation of the annual Capital Budget. Oversee the authorisation and financial aspects of the acquisition of fixed assets. Account for any over expenditure on acquisitions. Process workflows for the updating of fixed assets register. Preparation, assistance and review of EVA (Economic Value Added) Capital Expenditure Proposals.Post Capex Evaluations.
AuditsHandle internal and external audits. Recommend and implement corrective action.
Activity-based and Product CostingReview accuracy of the bill of material on SAP.Ensure all BOM’s are current.Financial integrity of the bill of material.Maintain & update monthly standard cost sets.Generate budget and forecast cost sets.Generate ABC models on SAP for budgets and forecasts.Active participation in NPD forums.Formulate SCE’s in full based on NPD requirements.
People / Quality ManagementRecruit and retain appropriate quality staff. Create an environment which is conducive to learning and development (on-the-job learning).Manage performance feedback process in accordance with set goals. Create a team culture of commitment and delivery against predetermined objectives, values and business requirements. Create and maintain a culture of accountability and responsibility.Participate in maintaining the QMS programme (ISO9001, HACCP, Environmental management).
Competencies
Thinking analyticallyThinking rationallyArticulating informationMaking decisionsResolving conflictMeeting deadlinesMinimising riskPlanning and organising
Experience Required
At least 7 years’ Accounting or Financial Management experience of which a minimum of 4 years at a management level.Experience gained within a FMCG or Manufacturing environment essential.
Minimum Qualifications Required
Completed relevant qualification in Financial Accounting / Cost Accounting / Management Accounting or similar requiredPost-graduate qualification advantageousCA (SA) / CIMA highly advantageous
Knowledge Required
Experience in costing and administration, financial management and accounting in a manufacturing environment.Excellent understanding of standard costing principles.Advanced computer literacy and knowledge of MSWord, Excel, PowerPoint and an integrated accounting system.SAP experience essential. Project management experience.A good understanding of the ABC costing methodology.It is expected that the incumbent will have an affinity for factory operational issues and be able to interact effectively with a diverse range of people across functions.