Assistant Financial Manager

Power Fashion is looking for an Assistant Finance Manager
The Purpose of this Assistant Finance Manager role is to assist with the day-to-day functioning & management of the finance team resulting in timely and accurate monthly, half-year & year-end financial results, ensuring strong financial controls and compliance with relevant policies and regulations

Reporting

• Assist in compilation and submission of reports weekly, monthly, at half year and year-end and annually (e.g. Group financial reporting pack - GMB, PF management report, board pack, half year & year-end financial packs, annual budget packs, 5 year financial model, RLC, general ledger, trial balance etc.).
• Review and reconcile general ledger accounts and ensure accounting records are accurate and complete
• Assist with month-end and year-end close processes
• Prepare and review balance sheet reconciliations

Internal / External Audit

• Ensure that the finance team complies with all internal / external audit requirements. This includes preparing working papers at half year & year-end as well as attending any necessary meetings.
• Maintain and strengthen internal financial controls and procedures
• Laise with internal and external audit and provide requested information

Payments

• Approve and release payments in order to ensure all invoices are paid timeously. This includes suppliers, monthly salaries, monthly & annual incentives, ad hoc payments.

Analysis

• Use business insights and provide sales & cost centre analysis against budget & forecast in order to provide feedback & / or recommendations

General administration

• Effective control of all costs, cashflow management and other finance efficiencies (e.g. monthly forecasting, credit card expenditure, annual insurance renewals & vehicle fleet costs) in order to maintain the businesses general administration. Submission of VAT & Tax returns for foreign entities.

• Update the monthly financial model by country including income statement, balance sheet & cashflow including sign off of monthly balance sheet and general ledger.

• Processing of month end journals.

• Assist the Financial Manager in managing and developing the finance team

• Review work performed by finance team members and provide guidance where required

• Identify opportunities to improve financial processes and efficiencies

• Assist with financial projects, system improvements and ad hoc analysis

• CIMA or CA (SA)

• 2+ years of post-articles/ financial accounting experience

• Retail experience is essential

• Experience with Accounting, Financial planning and budgeting, Process knowledge, People management, Advanced MS Office, and Analytical ability

Key Competencies

• Strong attention to detail and accuracy
• Analytical and problem-solving skills
• Good organisational and time-management skills
• Ability to work independently and within a team environment
• Ability to work under pressure and meet deadlines
• Strong communication and interpersonal skills
• High level of integrity and confidentiality
• Proactive approach to identifying issues and solutions