Finance Manager

About the GAC Group

Since our beginnings in 1956, the GAC Group has been in business to help our customers’ businesses by providing the best in shipping, logistics and marine services around the world. And we have the reach, resources, expertise and experience to deliver on that promise.

Our people work hard to deliver excellence in everything we do. We are always on the look-out for professionals with qualities that match the GAC corporate philosophy. If you fit the bill, we’ll welcome you to a work environment that values experience, innovation, dedication and mutual respect, guided by the GAC Spirit which emphasizes loyalty and responsibility between management and staff and two-way responsibility. The GAC Group is an equal opportunity employer.

About GAC Shipping (SA) (Pty) Ltd
GAC has been an established ships agent and provider of related services in South Africa since 1998. GAC South Africa is part of the global GAC Group.

GAC Shipping SA is looking for candidates for the role of Financial Manager to be based at our head office in Cape Town. Could it be you?

Job Description

Financial and Management Reporting

Direct report to Managing Director on financial matters.

Review of monthly financial statements, management reports and cash flow

Ensure timely and accurate delivery of financial reports, perform financial analysis and meet

corporate compliance with respect to legal, statutory, operational accounting policies and requirements.

Budgetary planning and control

Preparation of financial information for Board of Directors’ meeting.

Ensure compliance with accounting standards and other regulatory requirements.

Develop, seek approval and implement accounting standards, procedures and practices.

Monthly cash flow reports

Control cash flow to ensure that company has sufficient funds

Work in progress job recons

Ensuring that jobs are invoiced in the required lead days

Reconciliation of all balance sheet accounts

Monthly preparation of accruals and provisions

Jointly authorising bank payments

Check creditors’ recons before payment

Check petty cash balances and authorise reimbursements

Interim audit and year-end audit

Preparation of Group consol pack and communicate with auditors to check and sign off once a year, submitting before the deadline

Prepare and submit financial statements before deadline

Quarterly consol pack for Group reporting

Liaison with financial institutions/Insurance providers and other service providers

Maintain company records and fixed asset register

Responsible for ensuring that the Authorisation Matrix is up-to-date and signed by the Company Manager

Annual WCA submission

Calculation of monthly leave accrual

Managing day to day operations

Managing daily financial and accounting matters

Lead the Finance Department

Review daily and monthly cash flow reports

Provide ongoing support and training to drive improvements and staff development

Handle ad hoc responsibilities

Manage bank facilities, signatories, authorization limits, and compliance matters

Internal Control

Development and implementation of internal control process and procedure documentation

Taxation matters

Tax planning & computation of company’s tax matters

Compliance work for VAT and corporate tax return, verify computation of tax provision

Liaise with tax agent, SARS and relevant government department on various corporate taxation matters

Treasury matters

Ensure effective Treasury and Cash Flow management.

Foreign exchange experience is a must

Exchanging foreign currency to local currency

HR

Maintenance and updating of GHS confidential employee files and databases

Assist in recruitment and onboarding and exit formalities

HR Manual, policies and procedures

Accountable for updating staff records

Processing staff salaries

Accountable for office & staff insurances

Arranging travel insurance for foreign travel

Job Requirements

Minimum of at least 5-10 years’ experience

Minimum of bachelor’s degree

Affiliation to a professional body is preferred but not a requirement

In depth knowledge of Forex

Above average knowledge of Excel and other Microsoft programs

Prior experience of working on any ERP systems

Prior experience of managing a team of staff

Above average communication skills (written and verbal)

Good people skills

Organisational skills (able to multi-task and prioritise)

Good understanding of budget, profits & losses

Management reporting and decision-making skills

Ability to work under pressure and long hours when needed

As a GAC colleague you will

·       Become part of the GAC global community. We are proud of our company culture which values all employees and recognises that there is more to them than their job title.

·       Join a multinational organisation in a dynamic working environment.

·       Face challenges to help both you and our organisation grow.

·       Join us on our journey to a more sustainable future.