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Central Finance Manager

Vacancy Details

Reference No.

TN8-43198

Synopsis

A leading pharmaceutical organisation has an opening for a Central Finance Manager who will be responsible for ensuring effective tangible (PPE) and intangible asset (IP) management, ensuring effective financial controls are in place and assist business with addressing internal audit findings as well as coordinate internal and external audits.

Description

  • Assume responsibility for the budget and forecast processes for both PPE and IP.  This will include the cashflow impact of any capex spend.
  • Assume responsibility for monthly reporting of capex spend.
  • Track actual spend against budget and revise forecasts accordingly.
  • Ensure monthly feedback is received regarding product discontinuation, cancellation of registrations, cancellation of projects and cancellation of new launches.
  • Engage with the various functions in business for feedback and updates.
  • Ensure the IP register is maintained and up to date and understand the costs which are capitalised. 
  • Ensure capitalisation of costs are aligned to Group guidance.
  • Ensure a monthly capex tracker is in place comparing actuals vs budget or forecast.  Highlight the unbudgeted items and follow up on capex not committed yet.
  • Fixed asset register must be up to date. 
  • All assets physically on the premises must be on the register and vice versa.
  • Ensure fixed assets WIP remains current and depreciation is accounted for accurately.
  • Establish an excellent working relationship with the Group Tax team.
  • Address and timeously resolve all queries from the Group Tax team.
  • Provide accurate and timeous reports and information to the Group Tax team.
  • Assist the business, with guidance from Group Tax, with any income tax, VAT and customs tax queries.
  • Maintain and update audit findings tracker. 
  • Assist the business in resolving the findings, if required, by implementing controls or highlighting compensating controls. 
  • Ensure quarterly review with Head: Central Finance, Head of Finance and CFO.
  • Maintain and update Financial Internal Control Frameworks for the following business cycles: Revenue and Receivables, Purchases and Payables, Inventory, Payroll, Intangible Assets, Treasury and Cash and Financial Close and Reporting.
  • Ensure controls are aligned to Internal Financial Control Framework as received from Group.
  • Address audit findings relevant to the team and implement corrective action within reasonable timeframe.
  • Ensure that the fleet management process is aligned with the policy and highlight improvements to the policy to HR. 
  • Fleet expenditure is tracked and reported on as and when required as well as recovery of costs conducted when required.
  • Ensure cashbook is processed accurately and timeously. 
  • All cashbook reconciliations must be completed accurately and timeously and report monthly on the cash balance.
  • Prepare and submit the annual insurance declaration on the deadline as distributed by the Group Risk team.
  • Ensure all claims due to stock loss from theft, hi-jack, damage etc. are concluded.
  • Co-ordinate internal and external audits and ensure requests from the audit team are allocated and delivered.
  • Manage the performance of the team through conducting regular performance reviews and providing guidance and support.
  • Provide guidance, motivation, training and development to the team as and when necessary.

Requirements

  • Matric.
  • CA(SA).
  • Must have at least 4 years working experience in a finance environment (audit or otherwise).
  • Working knowledge of an ERP system.
  • Must have a minimum of 2 to 3 years post articles in a financial management role will be an added advantage.
  • Knowledge of TM1, Qlikview will be preferred.

Kindly note, if you have not heard from us within two weeks of your application please consider it unsuccessful.

Position Type

Temp 6 - 9 months

Work Level

Mid-Level

Salary

Market Related

Industry

Pharmaceutical And Medical/Healthcare

Salary Type

Annually

Package

Cost To Company

Affirmative Action

Yes

Geographic Location

Gauteng - JHB North