Finance Manager- Quarry at Rhombus Concrete Limited

Implements financial policies, systems and procedures relating to company’s financial health and growth of the shareholders wealth.

PURPOSE

Implements financial policies, systems and procedures relating to company’s financial health and growth of the shareholders wealth.

• Implement financial policies, guidelines and procedures that ensure control of the company’s financial resources and the integrity of financial and accounting reporting systems.
• Plan and coordinate the timely preparation of weekly/ monthly/ annual work plans and budgets and guide implementation including effective internal controls.
• Ensures timely and credible bank reconciliation.
• Manages the working capital to ensure collection and payment is done to achieve agreed cashflow targets.
• Fully updates company’s credit policy and fully implements the policy in order to achieve the approved debtor terms and limits.
• Prepares monthly, quarterly and annual financial and accounting statements within the agreed timelines.
• Continuously reviews product costing and pricing in order to achieve the agreed margins.
• Continuously reviews market prices and makes tactical pricing decisions to achieve volume sales, cashflow and desired margins.
• Coordinate the preparation of tax returns to ensure compliance with Tax Acts and statutory requirements.
• Oversee payroll administration, working in close collaboration with the HR department.
• Continuously reviews internal financial processes and programs for effective and efficient controls.
• Ensures evaluation and review of all control processes for timely re-engineering integrating emerging technologies.
• Ensures timely and relevant data analysis for commercial and progressive decision making by management.
• Continuously monitors and works with all other managers to ensures costs/ expenses are managed within the agreed budgets.
• Analyses data and advices management on commercial viability of all new projects.
• Support the external & internal audit teams during periodic audits, ensuring that they have the required information, and addressing all audit queries and issues.
• Coordinates and ensures timely and credible stock takes.
• Advices and ensures necessary changes or upgrades of the Operating System are timely made.
• Manages, trains and develops staff in the department for growth and succession planning.
• Manages petty cash within the agreed limits and approvals.

DECISION-MAKING PARAMETERS AND AUTHORITY LEVELS

• Approve and monitor Business Transactions.
• Actions pertaining to performance recognition and discipline of staff within the Department.

Key Area: Expected; When; Metric

Reporting: Timely, insightful and analytical financial reporting>Weekly, Monthly, Yearly>Within agreed time Insightful reports

Costs: Analysis and works with rest of management to ensure all expenses/costs are with budgets>Weekly, Monthly, yearly>Within agreed budgets

Costing: Timely review and communication of all products and key project costs>Daily, weekly, monthly AND when required>Achieve target margins. Achieve target pricing

Reconciliations: Timely and effective stock and bank reconciliations>Daily, weekly, monthly, yearly>Zero variances Unexplained variances

Working Capital: Payables, receivables, and cashflow management>Daily, weekly, monthly>Achieve agreed receivables targets. Timely payment and within agreed terms Achieve agreed cashflow and overdraft targets

Regulatory compliance: Timely and correct returns and compliance to regulatory requirement>Monthly, yearly>Zero citation and penalties due to non-compliance

Auditing: Timely and effective internal and external Audits>Weekly, Monthly, Yearly OR when necessary>Zero fraud to process control lapse

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