Financial Manager

A construction company based in Durban is seeking an experienced Financial Manager, to take on the responsibility of overseeing all the financial systems and managing the financial team.

As the Financial Manager you will oversee all financial systems and lead the financial team at the firm. This pivotal role involves direct reporting to the directors and encompasses a wide scope of responsibilities including financial data accuracy, tax compliance, payroll oversight, and various administrative tasks. The successful candidate will be tasked with managing a team of four, providing mentorship and guidance to ensure their professional growth. They will also handle contract schedule reporting, banking and treasury management, and ensure the integrity of the general ledger. Tax compliance, payroll supervision, statutory requirements, insurance, and BEE compliance are crucial aspects of this role, alongside financial reporting, and legal matters such as contract drafting and compliance with regulatory frameworks. The position offers an exciting opportunity to contribute to the growth of the dynamic company, with success measured by efficient financial management, adherence to compliance standards, and strategic financial guidance.

Key Qualifications For The Financial Manager

• CA(SA) with 5 years post qualification experience preferred
• Proven financial management experience leading a team preferrable
• Construction Industry experience preferred
• Strong understanding of tax and statutory regulations
• Proficiency in financial software and IT systems
• Familiarity with legal and contractual matters advantageous

Key duties for the Financial Manager include but are not limited to:

• Provide guidance, support, and mentorship to ensure the professional development and performance excellence of team members.
• Prepare and deliver comprehensive contract schedule reports to directors, analysing contract provisions and financial implications.
• Regularly review banking facilities and effectively manage treasury functions to optimize cash flow and liquidity.
• Collaborate with the administrator to oversee online banking activities and ensure secure financial transactions.
• Oversee the maintenance of the general ledger to uphold accuracy and integrity of financial data.
• Supervise the entire payroll process, conducting monthly reviews and issuing necessary documents like IRP5s, EMP501s, and tax directives.
• Manage medical aid and provident fund administration for employees.
• Assess coverage and mitigate risks through an annual insurance review.
• Assist with the BEE annual audit, particularly focusing on financial matters, and liaise with auditors as necessary.
• Liaise with Auditors and ensure compliance
• Draft annual financial statements and monthly management accounts.
• Handle legal matters including credit applications, credit bureau interactions, and contract drafting.
• Provide ad hoc advice on legal and business matters, ensuring compliance with the Companies Act and statutory requirements.
• Offer IT support as needed.
• Provide support to directors on legal, business, valuation, and other relevant matters.

Key Personal Skills For a Successful Financial Manager

• Ability to work effectively in a fast-paced and dynamic environment
• Effectively manage and lead a team ensuring to get the best out of them
• Capable of managing multiple tasks effectively
• Adapt to changing circumstances and priorities ensuring smooth operations

If you are interested in joining a growing company, being a part off a dynamic well established team, and have a passion for financial leadership with relevant construction industry experience, please reach out for further details.