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Financial Accountant - Treasury and Assets

Cape Town
Salary: Market Related
Job Type: Permanent
Sectors: Investment Finance
Reference: 111969

Apply before Nov 15 2024 | 2 Days left

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Vacancy Details

Employer: AVI Limited

A love for the sea and passion for fishing are the driving forces behind I&J, a leading fishing company and manufacturer of high quality chilled and frozen foods. Almost 110 years old, I&J is the trusted name in seafood, operating a modern
and efficient trawler fleet, and continually investing in the training and development of experienced fishing crews, committed to fishing responsibly, with a long-term vision. I&J has achieved and maintained accreditation from the Marine Stewardship Council (MSC) since 2004. I&J is a globally respected supplier of high quality, chilled and frozen Cape
Hake and a leading producer of farmed Cape Abalone. It is also one of AVI’s great South African brands. I&J is proudly South African and invests in, and empowers, the communities in which it operates.

An exciting opportunity has arisen for a Financial Accountant - Treasury and Assets at I&J, Woodstock, Cape Town. The purpose of this role is to ensure the accurate accounting and administration of the I&J Treasury function and Fixed Assets registers.

Line Manager: Commercial Finance Manager
Number of direct reports: 1

Job Specification:
Key Performance Areas:
Management of the accounting and administration of I&J Treasury

Ensure that all Treasury payments and transfers are processed and released on time.
Management of inputs for daily and 8-week cash flow forecast and review thereof.
Monitor cash levels in bank accounts according to set guidelines.
Raise monthly interest accruals on I&J Group bank accounts.
Review and sign off of bank reconciliations for all I&J bank accounts.

Oversee and review the I&J fixed asset and accounting process

Tracking of asset acquisition and disposal workflows and follow up on open workflows.
Provide a weekly status update to the Commercial Financial Manager on fixed asset movements.
Review assets created and costs allocated prior to month-end for accuracy of masterdata and cost allocation.
Oversee fixed asset register clean-up and maintenance process.
Liaise with all finance managers for forecast and budget inputs and consolidate the inputs received.

Management of the inventory control and reconciliation process

Perform the financial checks and controls on a monthly basis on materials masterdata for accuracy and
completeness.
Manage and review stock age analysis & critical shelf life expiry dates.
Review monthly report on co-packing stock and query material variances.
Assist with budget and forecast stock calculations.
Provide board reports on stock balances as required.

Leadership and effective management

Ensure proper talent management in team.
Ensure that the vision, values and business direction are embraced by direct reports.
Review performance regularly and give recognition where it is due and deal with performance issues.

Minimum Requirements:
Experience:

Minimum 5 years’ experience within a financial accounting and financial systems environment

Qualifications:

Grade 12
BCom Accounting Degree

Additional requirements:

Extensive work experience on SAP and Excel
Overtime might be required during busy reporting periods
Travel to various I&J sites around Cape Town CBD area

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About AVI Limited

AVI LIMITED is home to many of South Africa’s leading and best-loved brands. Listed on the Johannesburg Stock Exchange in the Food Products sector, AVI’s extensive brand portfolio includes more than 50 brands. Our single-minded purpose is our brands growth and development. Our brands span a range of categories including: hot beverages, sweet and savoury biscuits and snacks, frozen convenience foods, out-of-home ranges, personal care products, cosmetics, shoes, accessories, and fashion apparel.

AVI’s brands have grown into great South African favourites including: Five Roses, Freshpak, House of Coffees, Frisco, Koffiehuis and Ellis Brown in the Beverages category; Bakers, Pyotts, Willards and Provita in the Biscuits and Snacks category; I&J in the Frozen Foods category; as well as Ciro, Lavazza and Douwe Egberts Cafitesse for the Out Of Home market. Our beauty and personal care brands include Yardley, Lentheric and Coty Great international and local Fashion Brands in the AVI stable include Spitz, Carvela, Kurt Geiger, Lacoste, Gant and Green Cross Shoes. We have a well-developed shared services structure spanning: International, IT, Finance, Logistics, Marketing, Procurement and Field Marketing that allows us to take advantage of our scale.

AVI’s brands are a household name in South Africa and growing every day.