Assistant Financial Manager Power Fashion

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

Qualifications: 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

Responsibilities: 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