No Relocation Assistance Offered
Job Number #169454 - Hout Bay, Western Cape, South Africa

Who We Are

Colgate-Palmolive Company is a global consumer products company operating in over 200 countries specialising in Oral Care, Personal Care, Home Care, Skin Care, and Pet Nutrition. Our products are trusted in more households than any other brand in the world, making us a household name!

Join Colgate-Palmolive, a caring, innovative growth company reimagining a healthier future for people, their pets, and our planet. Guided by our core values—Caring, Inclusive, and Courageous—we foster a culture that inspires our people to achieve common goals. Together, let's build a brighter, healthier future for all.
 

Job Summary: 

Manage the Finance Team and the achievement of Organizations Financial Goals within the statutory framework while maintaining strong internal controls.

Job Responsibilities:

• Hill’s South Africa Company

• Functions as a member of the Management Team. 

• Responsible for the application of Hill’s financial policies, procedures and systems.

• Provides resources as necessary to achieve division strategy, ensures decision making processes are consistent with guiding principles, establishes clear direction and continuous improvement expectations for the region, leads and supports change and provides effective career planning.

• Budgets & Planning

• Provides top level direction for budget, payroll and commitments.

• Ensure tight control on Company overheads and lead the budgeting process as well as ensure actual spending plans are in sync.

• Lead the sales & financial forecasting process ensuring alignment with division targets and objectives

• Full responsibility for non-variable overhead planning including all people related costs

• Ensure financial forecast submissions are accurate and submitted within given deadlines

• Prepare & present the financial forecasts to both the local Management Team as well as the Divisional Senior Leadership Team

• Financial Accounting

• Lead the financial reporting process ensuring month end, quarter end & year end financial closes accurately reflect the financial position of the business and are completed within given deadlines

• Review and approve accrual and prepayment assumptions and sign off balance sheet reconciliations

• Calculate and post non-variable overhead accruals and prepayments including all payroll related journals

• Review and approve monthly payroll

• Review cash flow forecasts and take necessary actions to ensure business cash spending needs are met

• Prepare and present month end reporting package to Corporate Accounting Team

• Prepare and approve Statutory Financial Statements prior to board/audit approval

• Prepare and submit US GAAP to Statutory Reconciliation

• Internal Controls / Audit

• Drive the internal control mindset within the business

• Ensure internal controls are in place, operating effectively and are fully SOx compliant

• Review and approve annual internal control effectiveness testing and develop remediation plans to address any deficiencies identified during testing

• Lead overall external audit process, working closely with external auditors to ensure audit is completed successfully and within given deadlines

• Lead overall internal audit process, ensuring given deadlines are achieved Develop remediation plans for any internal audit finding and ensure all findings are fully remediated within 12 months of completion of the internal audit

• Ensure all roles within the organization are free of segregation of duty conflicts

• Taxes

• Review, approve and submit monthly VAT returns, ensure payments are effected and respond to any SARS queries within given deadlines

• Work with tax service provider to prepare and submit provisional and corporate income tax returns and ensure payments/submissions are effected within given deadlines

• Prepare & submit withholding tax returns ensuring necessary documentation is in place for the application of reduced rates

• Calculate and post monthly tax accruals on US GAAP basis

• Work with tax service provider to prepare transfer pricing documentation and ensure relevant submissions are made to the tax authorities

• Review operating profit margin and calculate any necessary adjustments to transfer prices to ensure our full year statutory operating profit margin is within the range stipulated in the transfer pricing documentation 

• Assess impact of year end transfer pricing adjustments on previously submitted Import VAT and Customs Duties declarations and submit necessary disclosures to tax authorities

• Commercial Finance

• Provide strategic oversight to pricing and commercial investment plans

• Develop tools to track commercial investment budgets and spend for cross-functional partners and provide training to improve financial knowledge of cross-functional partners

• Working with commercial teams on ad-hoc queries and analysis

• Financial Systems

• Lead the digitization and simplification projects in the implementation of all financial tools, systems and projects at the local subsidiary level

• Work with global project leads to ensure all testing is completed within given deadlines and all local business requirements are met

• Ensure all systems and tools are successfully implemented by taking on the role of change champion, communicating the benefits and training the cross-functional stakeholders

Required Qualifications:

• Master’s qualification with previous external audit experience at a Big 4 Commercial Finance firm

• Minimum of 4 years of corporate accounting experience

Preferred Qualifications:

• Completed Articles, CA (SA) or CIMA/ACCA qualification 

• Ability to manage people and multiple priorities in line with established guidelines.

• Articulate with strong negotiation, communication and leadership skills

• Strong Analytical & Strategic Thinking with the ability to analyze complex financial data, identify trends, and formulate effective strategies. 

• SAP experience would be an added advantage

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Our Commitment to Inclusion
Our journey begins with our people—developing strong talent with diverse backgrounds and perspectives  to best serve our consumers around the world and fostering an inclusive environment where everyone feels a true sense of belonging. We are dedicated to ensuring that each individual can be their authentic self, is treated with respect, and is empowered by leadership to contribute meaningfully to our business.

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.

Reasonable accommodation during the application process is available for persons with disabilities. Please complete this request form should you require accommodation.

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