Financial Manager - Grinding Techniques (Pty) Ltd A company of the Tyrolit Group
(2018-07)
Financial Manager responsible for financial accounting, statutory returns, budgeting process, payroll management, and leadership of 6 direct reports (3 Finance and 3 Procurement).
- Ensure that all balance sheet reconciliations are produced on an accurate and timely basis to include bank reconciliations, debtors, creditors, inventory, fixed assets, loan accounts etc.
- Maintain and operate a complete and systematic set of general books, including subsidiary ledgers, in accordance with a prescribed system of accounts.
- Process and approve monthly provisions and accruals.
- Revision of cash books and general journals processed by Branch admin staff.
- Produce required financial reports for members of the Board of Directors
- Attendance of Annual General Meeting.
- Produce annual financial reports and statements to agree with IFRS standards, within the agreed time frames.
- Ensure compliance with all statutory requirements relating to financial control, financial management and accounting.
- Ensure appropriate external audit arrangements are in place and manage the annual audit process.
- Preparation of year end audit file and processes
- Ensure implementation and adherence to finance policies, procedures and systems across all teams.
- Producing financial reports related to budgets, account payables, account receivables, expenses etc.
- Calculate VAT and submit monthly returns to SARS via e-filing.
- Estimate taxable income accurately for purpose of provisional tax returns to SARS (bi-annually).
- Submit monthly PAYE/UIF/SDL returns to SARS via e-filing.
- Submit annual reports (declaration of earnings) to the Compensation Fund (COIDA) in order to obtain a valid Letter of Good Standing.
- Develop annual master budget for approval by the Board of Directors. The master budget consists of: P&L section; Balance Sheet section; Planned CAPEX investments; Planned head count statistics (employment).
- Produce forecast reviews twice per annum (FC1 & FC2 reports).
- Exercise budget control and investigate variances to manage expenditure and take corrective action.
- Monthly payroll audit and checking
- Ensuring that all payroll journals are accurate
- Ensuring that all payroll deadlines, OID and IRP5's are issued.
- Check monthly reconciliation of Staff Loan / Advances / Dr's Accounts
- Lead 6 direct reports (3 Finance and 3 Procurement)
- Ensure that all Accounts Payable and Accounts Receivable functions are completed timeously.
- Develop, coach and mentor direct reports
- Leave and Sick Leave Management of direct reports
- Performance Management of direct reports
Financial Manager - Protea Coin Security Group
(2013-01 - 2018-07)
Performing financial manager tasks including staff management and oversight of multiple mining sites.
- Management of staff (4)
- Revision of Debtors
- Revision of journals
- Revision of 77 mining sites' Income statement and balance sheet for accuracy and correctness.
- Checking and approving of invoicing.
- Checking correct allocation of expenses for all the sites.
- Approving provisions and accruals.
- Assisting in the preparation of the audit files.
- Implementation of procedures and controls.
Financial Manager - Kalula Trade 23 (Pty) Ltd T/A Specialised Video Solutions
(2011-12 - 2013-01)
- Management of staff
- Revision & Management of Debtors
- Processing, revision, management & reconciling of Cashbook
- Passing of journals
- Revision & management of fixed assets, intercompany loans, ect.
- Cash flow management
- Revision of Payroll (revision of leave due, leave pay provision calculation, revision of monthly payroll, staff loans ect.)
- Completion and submission of monthly VAT returns
- Processing of creditor invoices and reconciliations of the accounts.
- Setup of monthly financial reports
- Ad hoc duties required by MD.
Financial Assistant/Manager - Sitronix (Pty) Ltd
(2010-09 - 2011-11)
Financial management duties with involvement in system conversion from Microsoft Dynamics AX to Pastel.
- Management of staff
- Revision & management of fixed assets, intercompany loans, ect.
- Revision & Management of petty cash & company
- Cash flow management
- Highly involvement, revision and management of all other financial duties
- Setup of monthly financial reports
- Setup of new policies and procedures
- Assisting in the preparation of accounting information for the conversion from Microsoft Dynamics AX to Pastel.
Accountant - Meyer Steyn & van Wyk Trust Services CC
(2007-03 - 2010-08)
Accountant working mainly with trusts and also with CC's and smaller companies. Performed audit procedures on various balance sheet items including investments, investment property, debtors, cash and cash equivalents, and share capital.
- Worked mainly with trusts and also work with CC's and smaller companies.
- Obtaining information of the relevant trusts from different sources, therefore interacting with different people on a daily basis.
- Summarizing the bank statements and information obtained.
- Performing certain audit procedures on the following balances: Investments, Investment Property, Debtors, Cash and Cash Equivalents, Share capital and the statutory matters
- Ensure and make all necessary adjustments to reflect the clients investments at the correct value as at their year end.
- Determine the relevant adjustments that should be done via journal entries, calculate the relevant deferred taxation effect due to the adjustment to the investment.
- Ensure that the investment value can be traced to the supporting documents.
- Ensure work with sale of shares and the relevant capital gains tax relevant to the sale.
- Ensure that the value is correct in the annual financial statements and that the property is registered in the name of the relevant entity, by referring to the necessary supporting documents.
- The necessary adjustments are done in order to reflect the property at the correct value (correcting journals).
- Calculate the tax effect of the movement.
- Ensure that the debtors are recognized and reflected.
- Worked mostly with interest receivable, by referring to bank statements.
- After summarizing the bank statements, it is ensure that the transactions are allocated correctly (by discussing this with the client, or manager).
- Ensure that the bank balance can be traced correctly to the balance as per bank statements at year end (therefore reconciling the bank at the same time).
- The movements for the year are then recognized via a journal entry.
- Request the bank confirmation letters from the financial institutions to verify the balance of all the bank accounts with an external party and ensuring that all bank accounts are reflecting on the annual financial statements.
- Ensure that the authorized and issued share capital is updated with the latest changes, by re-referring to the necessary supporting documents.
- Inspect the share certificates and ensure that all changes in shareholders are recognized and that the issued share capital as per financial statements can be traced to supporting documents.
- Ensure that the directors of the company
