Aspen Port Elizabeth Vacancies – Working Capital Manager

Job Description:

We are a global specialty and branded pharmaceutical company, improving the health of patients across the world through our high quality and affordable medicines. Active at every stage of the value chain, we are uniquely diversified by geography, product and manufacturing capability.

Aspen is a dynamic organization built on entrepreneurial strength and forward-thinking minds. We attract high performing individuals who are passionate about their career and have a desire to exceed expectations. At aspen, not only do we source for the best talent but we also provide a host of opportunities for continuous development.

The Group’s key business segments are Manufacturing and Commercial Pharmaceuticals comprising Regional Brands and Sterile Focus Brands. We have approximately 9 100 employees at 69 established offices in over 50 countries and we improve the health of patients in more than 150 countries through our high quality, affordable medicines

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Job Responsibilities:

• Manage requests for extended payments terms.
• Engage with Aspen Legal regarding all default accounts.
• Review monthly stock provision and stock adjustments.
• Ensure accurate submission of bi-annual employees tax information and distribution of annual IRP5’s.
• Review all relevant GL recons and ensure reconciling items are maintained at current.
• Drive collections and ensure best processes are followed. Ensure processes required by State are followed.
• Identify risks and opportunities which impact the business.
• Maintain risk register.
• Ensure compliance with all Reserve Bank and SARS regulations regarding export sales, foreign currency inflows and VAT.
• Ensure credit insurance is in place as and when required and manage relationship with insurance company as well as broker.
• Ensure accurate maintenance of logistic fees.
• Ensure plans are in place for improvements identified and those are executed and tracked.
• Ensure optimal payment terms from suppliers.
• Prepare monthly working capital analyses with commentary and identify risks.
• Ensure timely submission of Workmen’s Compensation returns.
• Ensure compliance with all VAT regulations when invoices are processed and involve Group Tax if required.
• Ensure any new acquisitions are accurately accounted for.
• Accounts Payable management (trade and non-trade).
• Prepare annual incentive and deferred incentive calculations. Obtain relevant approval and ensure incentives are paid.
• Ensure that contractual agreements are adhered to.
• Approve credit notes and bad debt write-offs as per Approvals Framework.
• Take full responsibility for the Approvals Framework and ensure that it is adhered to and continually updated. Ensure SAP configuration is aligned to Approvals Framework.
• Perform designated approval function.
• Assess provisions to ensure they are adequate as per IFRS requirements
• Manage UPD sundry accounts to ensure lowest deductions from UPD.
• Ensure optimal procure to pay process is followed. This will ensure efficiencies and best cash flow management.
• Approve blocked orders after assessing credit risk but also consider business in achieving targets.

Job Requirements:

• At least 5 years post article experience in a finance environment.
• Financial Accounting (IFRS)
• Computer literate – advanced in MS Excel, MS Word, MS PowerPoint, SAP, TM1
• CA (SA)
• Experience in Accounts Receivable and Procure to Payment cycle is preferred
• People management experience
• Mature, resilient, assertive, someone with unquestionable integrity
• VAT Act and Reserve Bank regulations
• Energetic, enquiring mind, self-motivated, with good problem-solving skills, initiative and a passion for service excellence
• Must be diligent, commercially astute, with a focus on attention to detail, high sense of urgency and deadline driven.
• Highly numerate with strong analytical abilities
• Payroll experience is preferred.
• Detailed and up to date knowledge of IFRS and tax (VAT, income tax and PAYE).
• Good communication skills (verbal & written)
• Grade 12 / Matric
• Ability to work under pressure
• Experience in the pharmaceutical/FMCG industry is preferred
• Confident individual with strong interpersonal skills not afraid of challenging the status-quo

Job Details:

Company: Aspen Pharma

Vacancy Type: Full Time

Job Location: Gauteng, South Africa

Application Deadline: N/A

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