Senior Finance Manager

Company: Ikwezi Mining, Oza Holdings

Role: Senior Finance Manager

Location: Midrand, South Africa

Employment Type: Full Time, Permanent

Purpose of the role:

As a Finance Manager, you will oversee various aspects of financial management and ensure accuracy in reporting. Lead accounting activities, collaborating with cross-functional teams, and contributing to strategic financial decision making.

Key Responsibilities: Key job responsibilities include but are not limited to following:

General:

• Implement accounting systems and processes for the organization
• Overseeing the duties and performance of accounting team
• Detect and prevent financial frauds that may arise
• Laise with auditors and other stake holders

Financial Reporting:

• Prepare and analyze accurate and timely financial statements in accordance with accounting

principles.

• Prepare and present monthly management accounts which includes income statement, balance sheet, cash flow and ration analysis.
• Ensure compliance with relevant regulations and reporting standards.

Month-End and Year-End Close:

• Lead the month-end and year-end close processes, including reconciliation of accounts and

preparation of adjusting journal entries.

• Collaborate with cross-functional teams to gather necessary financial data.

General Ledger Management:

• Maintain and reconcile general ledger accounts, ensuring accuracy and completeness
• Investigate and resolve discrepancies or variances in financial records.

Budgeting and Forecasting:

• Contribute to the budgeting and forecasting processes by providing accurate financial data and analysis.
• Assist in monitoring actual performance against budgeted figures.

Financial Analysis:

• Conduct financial analyses to identify trends, variances, and opportunities for improvement.
• Provide insights and recommendations to management based on financial data.

Audit Support:

• Support internal and external audit processes by preparing audit schedules, providing necessary documentation, and addressing auditor inquiries.
• Implement audit recommendations to enhance internal controls.

Tax Compliance:

• Assist in the preparation of tax returns and ensure compliance with tax regulations.
• Collaborate with tax professionals to address tax-related inquiries and support tax planning.

Fixed Assets Management:

• Manage the accounting for fixed assets, including capitalization, depreciation, and disposal.
• Ensure accurate and up-to-date records of fixed asset transactions.
• Review the accuracy of wear and tear schedule/

Financial Systems Maintenance:

• Oversee the maintenance and integrity of financial systems and databases.
• Collaborate with IT and other departments for system enhancements or upgrades.

Team Leadership and Training:

• Provide guidance and mentorship to accountants and ensure timely work execution.
• Conduct training sessions on accounting processes and procedures

Qualifications:

• Chartered Accountant with 10-15 years of work experience
• Mining experience will be preferred.
• Good understanding of IFRS, SARS & SARB Regulations.
• Substantial experience in accounting roles, with a focus on financial reporting and analysis
• Proficiency in accounting software and Microsoft Excel
• Strong understanding of accounting principles and financial regulations
• Excellent analytical and problem-solving skills
• Effective communication and interpersonal abilities
• Detail-oriented with a high level of accuracy