Job Advert Summary
Feltex is seeking an experienced Financial Controller to oversee the financial management and reporting of its plant operations. The successful incumbent will be responsible for ensuring accurate financial records, compliance with statutory requirements, effective cost control, and strong financial governance.
This role plays a key part in supporting operational decision-making by providing strategic insights, managing budgets, monitoring performance, and driving efficiencies. The Financial Controller will also lead the finance team, collaborate closely with plant and group leadership, and ensure that financial practices align with organisational objectives.
Minimum Requirements
- Grade 12.
- Bachelors Degree in Financial Accounting or Similar.
- Minimum 5 years’ experience relevant field.
Duties & Responsibilities
General Financial Management:
- Provide financial analysis and support to management and all operational areas of the business
- Monitor and support debtors and creditors
- Maintenance of the fixed asset register
- Control intercompany balancing
- Review weekly payroll
- Review and action financial variances (Budget / Forecast)
- Review and action Balance Sheet Account variances
- Ensure compliance with IFRS
- Maintain the plant CAPEX & Tooling Reports
- Generate information and reports for internal and external use
Internal Control:
- Comply with Internal Controls
- Maintain and Review the Risk Register
Budgets/Forecasts:
- Participate in the budget/forecast process
- Prepare budgets and forecasts for plants
- Prepare plant P/L and balance sheet forecasts
Financial Pack:
- Prepare financial reports and returns (Monthly BU/Plant Financial Pack)
- Flash Results: Compile the BU/ Plant Flash Results and analyse variances
- Weekly Sales Report: Compile and review Weekly Sales Reports
- General Ledger: Prepare Provisions and Accruals
- Compile Royalties schedule for month end processing
- Prepare general ledger journals
- Compile general ledger reconciliations
CAPEX, Tooling & Fixed assets:
- Prepare & maintain a CAPEX and Tooling register tracking actual spend against approved spend, planning future profitability & cash flows of the projects.
- Prepare CAPEX requisitions with all relevant information regarding the CAPEX project.
- Support useful life and residual value of Fixed Assets analysis
- Maintain the BU/Plant Tooling Reports
Audits and Year-End Processes:
- Prepare and plan Year-end Statutory Audit (external and internal) in line with the consolidated Audit plan
- Prepare and arrange royalty audits
Costing:
- Calculate landed cost on all import shipments
- Prepare / Review DA 190 (Declaration of Imported Components and Raw Materials)
- Investigate Purchase Price Variances (PPV)
- Generate variance report of Actuals to budgeted information
- Stock Control: Compile daily stock holding report
- Oversee Stock Takes
- Assist with investigating stock count variances
- Overall responsibility for stock
- Monitor daily cash positions and cash flows to ensure settlement and maximise performance
- Manage cash flow and working capital for the plant
Forex:
- Review Forex Forecasts
- Initiate plant FEC contracts needs based on AP requirements
Continuous Improvement:
- Identify improvement opportunities and make recommendations for improvements
- Participate in Continuous Improvement initiatives
Reporting:
- Prepare financial reports and returns
- Generate information and reports for internal and external use
