Financial Controller at Novella Africa

Responsibilities

General Accounting

• Provide finance leadership and oversee financial and accounting processes to ensure compliance with Corporate and local policies, statutory requirements, and IFRS. Maintain ethical standards with unyielding integrity.
• Lead the smooth implementation of the company’s financial solutions and applications, including SAP
• Serve as the primary contact with independent auditors and audit-related accounting matters.
• Manage administration of accounts receivable, accounts payable, inventory control accounting, and payroll.
• Oversee month-end close process to ensure timely closure and financial reports preparation.

Budgetary Function

• Preparation of annual budgets - Profit & Loss, Cash Flow & Balance Sheet.
• Analyze and report variances - Propose and implement remedial action.
• Estimate the requirement of funds - short-term and long-term.

Financial Management Reporting and Cost Control Function

• Implement financial controls and develop financial management mechanisms to minimize financial risk.
• Maintain a documented system of accounting policies and procedures.
• Manage the company's financial reporting systems.
• Produce accurate financial reports to specific deadlines including, Monthly management accounts, Flash reports, Working capital, Board and investor Packs
• Analyze, interpret, and report operating results and make specific recommendations to achieve cost-effectiveness and profit improvements.
• Provide gross profit reporting, analyses, and forecasting.
• Anticipate management needs and develop analyses in response to those needs and in support of management decisions.

Balance Sheet and Assets Management Function

• Work with operating personnel to achieve effective balance sheet and assets management.
• Oversee development and carrying-out of inventory control procedures, including physical stock take and audit.
• Account for and maintain proper inventory reserves for Excess, Expired and Obsolete Inventory.
• Review assets register to keep track of and safeguard company assets.
• Cash Flow Management & Control Function
• Daily control of elements affecting working capital.
• Oversee operational cash management and cash flow forecasting.

Audit Function

• Oversee preparation of financial accounts for auditing purposes.
• Oversee annual audits.
• Liaising with auditors to ensure that annual monitoring is carried out effectively.
• Conduct internal audits

Control Function

• Develop and implement accounting policies, procedures and internal controls in support of business processes and decisions.
• Ensure all activities comply with relevant Acts, legal demands, ethical standards, and the internal management policies.
• Review the preparation and submission of company statutory documents

Requirements

• First degree in a relevant field (Accounting/Business Management)
• A post-graduate degree or MBA is mandatory.
• Strong commercial finance experience.
• Minimum of ten (10) years’ relevant work experience including 4 years in senior leadership position.
• Previous experience as a Financial Controller in the Beverage/FMCG industry is essential.
• Strong understanding and proficient use of SAP is essential
• Outstanding oral and written communication skills.
• Demonstrated ability to evaluate and balance team and individual workloads.
• Negotiation skills, analytical skills, and ability to multitask.