Finance Manager – Sandvik

Sandvik Mining and Rock Solutions is a global leading supplier in equipment and tools, parts, service and technical solutions for the mining and infrastructure industries. Applications include rock drilling, rock cutting, loading and hauling, tunneling and quarrying. The focus lies on bringing value to customers through high-performing products that increase productivity and safety as well as to provide services and flexible maintenance programs that extend uptime and cut costs.

The Role:

To manage financial operations for the Sales Area entities as per the regulatory, & internal financial reporting policies and guidelines.

Key responsibilities:

INTERNAL FINANCIAL REPORTING:

• Review financial information in accounting system to ensure accuracy of data.
• Authorise postings to the general ledger.
• Review trial balances to ensure accuracy of information.
• Manage / run the month end as per the month end run process.
• Review uploads onto the financial reporting system (BPC) and review individual financial reports and reconciliations for completeness and accuracy.
• Compile and implement financial reports in the reporting system according to the accepting Sandvik financial reporting policies.
• Monitor adherence to timeframes and ensure that all reporting files are complete.
• Manage and review the uploading of forecasts on a quarterly basis.
• Prepare ad hoc financial reports as and when requested.
• Manage the compilation of financial results for board packs.
• Manage the submission of Group audit reporting.
• Manage the submission of quarterly key financial data to external advisory firms for investment evaluations.

INTERNAL AUDIT AND CONTROLS:

• Manage the design and implementation of internal control framework for the Finance Department, in conjunction with the Financial Manager: Compliance.
• Provide evidence for quarterly testing of internal controls.
• Implement corrective actions for all failed controls.
• Support the line manager in the management of internal audits when selected by Group.
• Manage implementing, updating and upholding the limits of authority and application therein, within the ERP system.
• Review the applicable limits of authority for all documentation and processes submitted to Finance.
• Review asset capitalisation for approval and applicability to tax framework and Sandvik Asset Recognition Policy.
• Review and sign off all reconciliation as per Sandvik financial reporting guidelines.
• Oversee sub ledger controls and management (assets, AP, AR and cashbook).

TREASURY MANAGEMENT:

• Manage treasury related activities in accordance with Sandvik treasury governance criteria, including but not limited to:

ICM

Forex

Capital injections

Borrowing facilities

• Manage cash flows for the entities.
• Manage the internal overdues to ensure sufficient cash flows.
• Manage sound business relationships with banks.

COMPLIANCE:

• Comply with safety regulations and internal standards and procedures.
• Comply with applicable legislation i.e. Section 21 of Mine, Health & Safety Act.
• Monitor compliance of team members to safety regulations, applicable legislation and internal standards and procedures.

PEOPLE MANAGEMENT:

• Participate in the recruitment of subordinates, in consultation with the line manager and in accordance with HR policy and procedures.
• Manage performance of subordinates through the development of performance agreements and conducting performance reviews.
• Create learning opportunities for subordinates through the identification of areas for development, coaching and recommending formal functional training when required.
• Manage sound employee relations in accordance with HR policy and procedures.

Profile required:

• Minimum Chartered Accountant
• Minimum 5 years post qualification experience in financial accounting / management role.

 

How to apply

Please apply online through Workday (ESS) or access the Sandvik website www.home.sandvik/en/careers

Applications close: 17 October 2024

Please note that, should you not receive any response from us within 14 days, your application has been unsuccessful; we however thank you for your interest in our company.

In Line with our EE Plan, HDSA (Historically disadvantaged South African) candidates will be given first preference.

Please note that you must be physically and medically fit to work in a mining environment including meeting all customer vaccination requirements. Attach vaccination certificate to application.

We offer an interesting role in an international business environment as well as opportunities for professional development. At Sandvik, we believe that diversity of experience, perspective and background will lead to a better environment for our employees, our business and, thereby, our customers.